Unimproved Land in 3780 INDIAN RIVER Boulevard, Vero Beach, FL 32960 for sale with MLS# B26089527

Site plan approved 59-unit multifamily site on ±7.63 acres along Indian River Blvd in the heart of Vero Beach's affluent coastal and medical corridor, steps from Cleveland Clinic and about a mile from the Barber Bridge to the beaches. Approved for 59 two-bedroom, two-bath homes (±1,125 SF) in three 3-story buildings with open-air breezeways, pool and clubhouse, 24 garage bays and 3.27 acres of preserved land. RM-8 zoning, Land Trust drainage easement executed, plans available. Ideal for smaller developers, family offices and investors. All reasonable offers considered. Rare chance to build and hold a quality rental community in central Vero Beach. The Indian River Blvd corridor has more than 750 units committed nearby, with new luxury townhomes renting up to $5,899 per month. Indian River County is projected to reach about 193,000 residents by 2035, and new airline service from Breeze, JetBlue and American has expanded access to Vero Beach Regional Airport. Multifamily permitting has slowed since 2023, which limits new supply. Approved site plan, building elevations, floor plans, engineering and survey are available. Remaining steps include the SJRWMD permit resubmittal; site plan approval has been extended under statutory tolling.

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3780 INDIAN RIVER Boulevard, Vero Beach, FL 32960

Price
Price:
$2,325,000.00
Original List Price:
$2,325,000.00
List Price per Sq Ft (Calculated, Approx.):
$7.00
Property Status and Type
Listing Type:
For Sale
Status:
Active
Special Sale Conditions:
Standard
Listing Category:
Land & Docks
Property Type:
Unimproved Land
Description of Last Important Update:
New Listing
Last Major Update on:
October 17, 2026 3:52 pm
Other Special Conditions:
Platted
Measures
Lot Size Dimensions and Info:
686 x 965 (Irregular)
Lot Features:
Irregular Lot, Oversized Lot, Street Lights
Lot Size Acres:
7.63
Number of Lots:
1
Property Features
View from the Property:
Lake, Water, Pond, Preserve
Waterfront:
No
Current Use:
Unimproved, Multi-family, Development, Investment
Vegetation and Trees:
Sabal Palm
Property Entrance Faces:
Southwest
Road Responsibility:
Public Maintained Road
Construction
Road Frontage Type:
East of US-1
Possible Use:
Investment, Residential, Multi-family, Development
Flood Zone Code:
AE
Taxes and Expenses
Tax Annual Amount:
$26,076.24
Tax Year:
2025
Tax Assessed Value:
$1,642,080.00
Property Tax Details:
City/County, Land Only, Tax Reflects No Exemptions
Utilities
Sewer:
Public Sewer
Utilities Available:
None, Electricity Available, Sewer Available, Water Available
Water Source:
Public
Community
Membership Details:
No Membership Available
Subdivision Name:
Other
Senior Community:
No
Development Name:
Oak Lake
Development Status:
Raw Land, Site Plan Approved
Terms
Documents Available:
Aerial, Survey, Title Insurance, Deed Restriction(s), Building Plan, Engineering Study, Plans, Topographical Map
Listing Terms Considered by Seller:
Cash, Conventional, 1031 Exchange
Buyer Possession:
Close Of Escrow
Negotiable Seller Concessions
Zoning and Legal
Tax Legal Description:
SEC 25 TWN 32 RNG 25 BEING MORE PART DESC AS FOLL THE W 686.49 FT OF THE SW QTR OF THE SE QTR OF SEC 25 LESS ROW FOR INDIAN RIVER BLVD OR 78
Real Estate Folio Number (Parcel Number):
323925000007000000021
Zoning:
RM-8
Public Schools Assigned
Elementary School:
Beachland
High School:
Vero Beach
Middle Or Junior School:
Gifford
Listing History
Active on the market since:
October 17, 2026
Listing Agreement executed on:
October 17, 2026
Listing Status Last Changed On:
October 17, 2026 3:52 pm
Photos updated on:
October 17, 2026 3:52 pm
Last Modified:
October 17, 2026 4:01 pm
Additional Information
Courtesy of:
Compass Florida LLC
Attribution:
Not provided
Road Surface Type:
Paved
Location
Street Name:
INDIAN RIVER
Street Number:
3780
City:
Vero Beach
State:
Florida
Zip Code:
32960
County:
Indian River
Latitude:
N27° 39' 47.3''
Longitude:
W81° 36' 44.4''
Street Suffix:
Boulevard
Property Map

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Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $52,350
Median Home Value $254,400
Median Rent $1,171/mo
Median Age 42
Population 24,697
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Association of REALTORS®
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