Sebastian, FL Multifamily Development
For Sale
Under Contract
$3,000,000
Foster Road, Sebastian, FL 32958
Land, Sebastian, FL
Property Size674,308 SF
Lot Size15.48 Acres
Price / SF$4.45
Days on Market577
Property Features for Foster Road
General Information
Property type
Land
Property subtype
Other
Zoning
,
Zoning description
Residential
Vegetation
Wooded
Subdivision
Sebastian Highlands
Lot features
Ten To Twenty Acres, Wooded, Acreage
Directions
US 1 to Sebastian Blvd, Left on Sebastian Blvd. Right on Lousiana Road. Left on Foster Rd.
Standard status
Active Under Contract
APN
31390600000500000003.0
Size
674,308 SF
Lot size
15.48 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
BEING A PART OF THE NW COR OF THE NE 1/4 OF THE SW 1/4 OF SEC 6, TWP 31 S RGE 39 E, BEING MORE FULLY DESC AS FOLL: COMM AT THE NW COR OF THE NE 1/4 OF THE SW 1/4 OF SEC 6, TWP 31 S RGE 39 E; TH ALONG THE N LINE OF SAID NE 1/4 OF THE SW 1/4, N89-48-47 E, A
Tax Annual Amount
18325
Legal Description
BEING A PART OF THE NW COR OF THE NE 1/4 OF THE SW 1/4 OF SEC 6, TWP 31 S RGE 39 E, BEING MORE FULLY DESC AS FOLL: COMM AT THE NW COR OF THE NE 1/4 OF THE SW 1/4 OF SEC 6, TWP 31 S RGE 39 E; TH ALONG THE N LINE OF SAID NE 1/4 OF THE SW 1/4, N89-48-47 E, A
Utilities
Water source
Public
Listing Agency:
Keller Williams Realty of VB
(772) 257-8000
Listed By:
Shane Reynolds · License #3233632
(772) 321-4119
Added: Jan 22, 2025
Changed: Aug 19
Last Checked: Aug 22 at 6:06AM
MLS# 284733
Copyright © 2026 Realtors Association of Indian River County. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 15.48-acre property is located in Sebastian, Florida. The site is zoned for multi-family development. Plans have been submitted to the city of Sebastian for review. The property has a total size of 674308 square feet.
Key Highlights
- 15.48 acres in the heart of Sebastian.
- Zoned multi‑family.
- Plans submitted to city of Sebastian for review.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
633
Businesses Nearby
Explore this area
Business Placement
Demographics for 32958, FL
28,619
Population
15,512
Households
1.8
Avg Household Size
58
Median Age
29%
College-Educated
92%
High-School Grad
27.9 sq mi
ZIP Area
1,026
Density / Sq Mi
$68,276
Median Household Income
$37,412
Median Earnings
$1,388
Median Rent
$279,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - 15.48 acres of land zoned for multifamily development.
Where is this residential land & home lot located?
The property is located at Foster Road Sebastian, FL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 15.48 acres in the heart of Sebastian.; Zoned multi‑family.; Plans submitted to city of Sebastian for review.
