This is a rare 4.75-acre RS-3 development parcel positioned in one of Indian River County's most active builder corridors, capable of delivering up to 14 single-family homesites by right with zero rezoning required. Zoned RS-3, Future Land Use L-1, flat topography, and minimal environmental constraints translate directly into a fast and predictable path to subdivision approval and vertical construction. Final lot yield will depend on site design and infrastructure layout, but the zoning math supports a meaningful and profitable subdivision at current market conditions.
The numbers work. National homebuilders have made significant land acquisitions within 2 miles of this site as recently as December 2024, validating strong demand and premium pricing for residential development land in this immediate corridor. New home averages in the 32967 ZIP stand at $407,187 with a top of market exceeding $1,000,000. Finished lot values in the area exceed $150,000, generating strong builder margins against market-rate construction costs.
Location upside is real and measurable. The $95M FDOT Oslo Road/I-95 interchange project, scheduled for completion around 2028, will permanently enhance access and accelerate surrounding development velocity. National and regional homebuilders are actively operating within 2 to 5 miles, providing validated and sustained demand for exactly this product type.
Carry costs are covered. Existing tenants generate $3,600 per month in current rental income while a buyer completes engineering, permitting, and entitlement. The improved site also includes a farmhouse and a 6-stall horse barn with equestrian facilities, offering flexibility for owner use, continued rental, or full site redevelopment.
The property lends itself equally well to alternative uses. The combination of acreage, privacy, existing structures, and equestrian facilities makes this an exceptional candidate for a private family compound, an owner-occupied estate with income-producing improvements, or other ancillary residential uses that benefit from a larger footprint in a high-growth coastal county.
No surprises. No rezoning. No comp plan amendment. Just a well-located, income-producing parcel in a supply-starved market with multiple paths to value.
All Reasonable Offers Considered. Brokers Protected.