For sale

$595,000

Est. $3,925/mo —

Land

•

15.38

acres (lot)

0 87th St, Sebastian, FL 32958

About this home

This lovely acreage would make a wonderful estate for someone looking to build a beautiful home and have additional acreage that could be sold or developed. , The 510 Wabasso Causeway offers boat ramps, picnic areas, restrooms and is walkable from the property. There is also an additional parcel of land which is approximately 8.56 acres parcel #31-39-28-00000-0040-00002/0 under the name of Caledonia Groves For $370,000. MLS # 1085752. Approx. 23.94 acres. in total of which about 14+ acres are buildable The zoning and Land Use is designated L-2, being medium density residential up to 6 units per acre. The two sites could possibly be developed with a maximum of 142 residential units. An environmental assessment by Toland Environmental Consulting dated July 15, 2025 is available for one's review. Utilities to the site include water, sewer, telephone and electricity. Onsite improvements would be development of infrastructure and residential units.

Vacant landProperty Type

15.38 acresLot Size

$38,687Price/Acres

Listed by Kathleen Parsons • Suncoast Realty, Inc.

Listing updated: Aug 25, 2026 at 03:29pm

Redfin checked: a few seconds ago

•Source:SCMLS #1085657

Payment calculator

$3,925 per month

Principal and interest$3,328

Property taxes

$46

HOA dues

Home insurance

$550

Utilities

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Open houses

No upcoming open houses.

Nearby open houses (10)

OPEN SAT, 10AM TO 1PM
$159,000
2 beds2 baths1,000 sq ft
2800 Indian River Blvd Unit O-5, Vero Beach, FL 32960
OPEN SAT, 11AM TO 1PM
$675,000
3 beds3.5 baths2,499 sq ft
6405 High Pointe West Way, Vero Beach, FL 32967
OPEN SAT, 11AM TO 1PM
$675,000
3 beds3.5 baths2,499 sq ft
6405 High Pointe Way, Vero Beach, FL 32967
OPEN SAT, 11AM TO 1PM
$242,000
2 beds2 baths1,060 sq ft
9626 Riverside Dr #1, Sebastian, FL 32958
OPEN SAT, 11AM TO 1PM
$202,500
2 beds2 baths1,060 sq ft
5685 Marina Dr #4, Sebastian, FL 32958
OPEN SAT, 12PM TO 2PM
$305,000
2 beds2 baths1,437 sq ft
7558 15th Ln, Vero Beach, FL 32966
OPEN SAT, 12PM TO 4PM
$434,490
4 beds3 baths1,988 sq ft
5590 Hampton Park Cir, Vero Beach, FL 32966
OPEN SAT, 12PM TO 2PM
$849,500
4 beds3 baths2,120 sq ft
3290 Brittin Pl, Vero Beach, FL 32960
OPEN SUN, 12PM TO 2PM
$625,000
4 beds3.5 baths3,235 sq ft
6116 57th Ct, Vero Beach, FL 32967
(772) 231-4712
OPEN SUN, 1PM TO 3PM
$359,000
3 beds2.5 baths1,766 sq ft
1638 Baseline Ln, Vero Beach, FL 32967

Around this home

Schools

K - 12
Preschool & daycare

Pelican Island Elementary School

Public PreK-5 • Assigned • 2.0mi

6/10

Storm Grove Middle School

Public 6-8 • Assigned • 4.1mi

7/10

Sebastian River High School

Public 9-12 • Assigned • 5.1mi

5/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Property details

Interior
Exterior
Finance

Interior features
Unimproved interior (vacant land)

Sale and tax history for 0 87th St

Sale History
Tax History

Public record

Public record
Zoning

Beds

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Baths

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Stories

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Lot width

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Lot depth

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Lot size

15.38 Acres

Year renovated

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Finished Sq. Ft.

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Unfinished Sq. Ft.

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Total Sq. Ft.

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Year built

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Style

Vacant Land

County

Indian River County

APN

31392700003002000001.0

Parking Spaces

—

Basement

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Accessible

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HOA Dues

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Garage

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Features

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Last updated by owner on Sep 8, 2026.

RM-6

Multiple-Family Residential Districts

The multiple-family districts are established to implement the policies of the Indian River County Comprehensive Plan for mFSingle-familanaging land designated for residential uses, providing opportunities for multifamily residential units and ensuring adequate public facilities to meet the needs of residents. These districts are also intended to implement the county's housing policies by providing opportunities for a varied and diverse housing supply.

Permitted uses

Include but are not limited to:

Housing-Single unit
Housing-Multiple units

Climate risks

10/10 Flood Factor

Estimated 80%+ chance of a flood reaching the building in the next 30 years

2/10 Fire Factor

0.00% chance of being in a wildfire in next 30 years

10/10 Heat Factor

6 days above 105° expected this year, 20 days in 30 years

10/10 Wind Factor

99% chance of strong winds in next 30 years

1/10 Air Factor

0 unhealthy days expected this year, 0 days in 30 years

Provided by First Street

Historical weather

Sebastian, FL • 32958

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

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Jun

Jul

Aug

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Oct

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Dec

Sun exposure

94/ 100

Exceptional sunlight

Sunscore

This home receives average direct sun exposure in Sebastian. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

8.8 hrs

6.9 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 0 87th St

$561,684

$33K under list price of $595K

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $318K to $948K.

SOLD JUN 26, 2026
$330,000 Last sold price
2 beds2 baths1,516 sq ft
8920 Orchid Reserve Cir, Sebastian, FL 32958
SOLD MAR 9, 2026
$454,895 Last sold price
2 beds2 baths1,806 sq ft
4267 Santa Maria Cir Unit Hallmark 156, Wabasso, FL 32967
smaller lot
SOLD AUG 31, 2026
$572,000 Last sold price
3 beds2.5 baths2,000 sq ft
113 Pelican Island Pl, Sebastian, FL 32958
SOLD MAR 25, 2026
$568,000 Last sold price
3 beds6.5 baths1,696 sq ft
8436 Pequod Ave Unit Cedar 123, Wabasso, FL 32960
smaller lot
SOLD JUN 29, 2026
$317,990 Last sold price
2 beds2 baths1,516 sq ft
8926 Orchid Reserve Cir, Sebastian, FL 32958
SOLD SEP 10, 2026
$947,500 Last sold price
3 beds3.5 baths2,921 sq ft
2087 Autumn Ln, Vero Beach, FL 32963

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