13395 N Indian River DRIVE, Sebastian, FL, 32958 | $1,400,000

DEVELOPER & INVESTOR ALERT! A true rare-find of 8 Lots on 1. 34 Acres of prime real estate across the street from the picturesque Sebastian Riverfront. Electric, water, sewer, and cable already setup for all 8 lots. Embrace the opportunity to craft your ideal retreat with breathtaking waterfront vistas or explore the potential for development with up to 8 single family residences, tiny homes, etc. Or capitalize on the current mobile home park/RV lodge setup, offering limitless income generation.

As you journey along the private, palm-lined paved road, you'll be immersed in lush landscaping and greeted by a vibrant community of osprey, white pelicans, and other tropical birds.

This versatile property, zoned for both residential and commercial use (RM-6), currently features 8 full-time or part-time rentable lots complete with essential utilities such as electricity, water, sewer, and cable connections.

The height restriction for each unit built on the property is 28 feet high. Each lot is 48 feet wide. Up to 8 units can be on the property - RVs, Mobile Homes, Single Family Homes, Duplexes (4), etc. Perfect for a 8 Tiny Homes too! Just no multi-family buildings.

Unlock the highly-profitable income potential through further property development, including the option for subdivision. Situated in the heart of the Treasure Coast, mere steps from the Indian River, indulge in the daily spectacle of dolphins dancing at sunrise.

Just a mile south lies the renowned Capt Hirams Resort, offering delectable dining, live entertainment, and an array of leisure activities. Go just a little further and stop by the world famous Earl's Hideaway Lounge.

Venture less than two miles to Sebastian's Riverview Park, a vibrant hub for major events and concerts. Here, you'll also find an array of amenities including a Splash Pad, Veterans War Memorial, sand volleyball courts, and scenic walkways tracing the Riverfront District.

Join the ranks of ever-growing annual tourists drawn to this captivating locale by its proximity to Sebastian Inlet, one of Florida's 60 coastal inlets.

Bordering the inlet on both sides, Sebastian Inlet State Park attracts between 750, 000 to one million visitors annually, underscoring the region's irresistible allure. Seize the opportunity to own this rare gem boasting 1. 34 acres of enchanting Indian River views.

Embrace the undeniable appeal of the Treasure Coast and embark on your next chapter surrounded by natural splendor and limitless potential.

*Please Do Not Disturb Owner and Residents

Features

  • Rooms: 3
  • Bedrooms: 3
  • Baths: 4 full
  • Laundry: Other
  • Year Built: 1999
  • Heating: Other
  • Cooling: Central Air
  • Approx Sq. Feet: 2,844
  • Acreage: 1.34
  • Est. Taxes: $6,157
  • Pet Policy: Cats OK, Dogs OK
  • Appliances: None
  • MLS#: T3530426
  • Days on Market: 172 days
  • Website: https://www.raveis.com
    /eprop/T3530426/13395nindianriverdrive_sebastian_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 12/22/2024 7:47:09 PM)
Listing courtesy of FLORIDA HOMES REALTY & MORTGAGE   Phone: 904-996-9144

William Raveis Family of Services

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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13395 N Indian River DRIVE, Sebastian, FL, 32958

$1,400,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,120,000 $1,120,000 $1,120,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.620% 6.735% 6.806%
Monthly Tax Payment $513 $513 $513
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,264 $7,171 $9,834
Total Monthly Payment $7,902 $7,809 $10,472

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.