Unimproved Land in 4355 38th Avenue, Vero Beach, FL 32967 for sale with MLS# R11142752
APPROVED - 79 DOORS AFFORDABLE HOUSING DEVELOPMENT! Introducing an exceptional opportunity for multifamily residential development in an enviable location. This prime property boasts an unbeatable location just minutes away from beach access and offers unparalleled convenience being in close proximity to the airport. With its coveted zoning of RM-10, this parcel presents a range of possibilities for developers seeking to create a thriving community.The potential for this property is truly impressive, with the current entitlements allowing for the construction of 66 townhomes or condominiums with an additional grant allowing for up to 79 doors for affordable housing development. Water and sewer services are readily available through the city, ensuring a smooth transition for the implementation of utilities. While the existing internal roads may require development, the presence of perimeter roads adds convenience and accessibility to the site. For developers looking to streamline the due diligence process, this property comes fully entitled for the proposed use of multifamily residential development. This eliminates potential hurdles and accelerates the timeline for construction, providing a valuable head start. In summary, this property presents an excellent location for multifamily residential development. With its proximity to the beach, convenient access to the airport, and the potential for re-zoning or affordable housing options, it is a compelling opportunity for developers seeking a prosperous venture. Don't miss out on the chance to shape a vibrant community in this highly sought-after area!
4355 38th Avenue, Vero Beach, FL 32967
- Price:
- $1,100,000.00
- Original List Price:
- $1,100,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $3.78
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Land & Docks
- Property Type:
- Unimproved Land
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- November 21, 2025 10:12 pm
- Other Special Conditions:
- Clearing Required, Corporate Owned
- Lot Area:
- 290,981 Sqft
- Lot Size Dimensions and Info:
- 440 x 600
- Lot Size Unit:
- Acres
- Lot Features:
- Many Trees
- Lot Size Acres:
- 6.68
- View from the Property:
- Lagoon, Pond
- Waterfront:
- No
- Current Use:
- Commercial, Single Family, Unimproved, Multi-family
- Vegetation and Trees:
- Other
- Property Entrance Faces:
- East
- Road Frontage Type:
- Public Road, West Of Us-1
- Possible Use:
- Single Family
- Tax Annual Amount:
- $2,557.57
- Tax Year:
- 2025
- Sewer:
- Public Sewer
- Utilities Available:
- None, Cable Available, Electricity Available, Sewer Available, Water Available
- Water Source:
- Public
- Subdivision Name:
- North Central Vero Beach.
- Senior Community:
- No
- Development Name:
- Future Residential
- Development Status:
- Raw Land
- Documents Available:
- Aerial
- Listing Terms Considered by Seller:
- Cash, Conventional
- Buyer Possession:
- Negotiable
- Tax Legal Description:
- ''''''W1/2 OF NE1/4 OF NW1/4, LESS N 735 FT &LESS S 165 FT (OR BK 468 PP 255)''''''
- Real Estate Folio Number (Parcel Number):
- 32392700000300000018.0
- Zoning:
- RM-10
- Elementary School:
- John Young Elem
- High School:
- Vero Beach
- Middle Or Junior School:
- Gifford
- Active on the market since:
- November 21, 2025
- Listing Agreement executed on:
- November 21, 2025
- Listing Status Last Changed On:
- November 21, 2025 10:12 pm
- Photos updated on:
- November 21, 2025 10:23 pm
- Last Modified:
- April 9, 2026 7:49 am
- Courtesy of:
- LoKation
- Attribution:
- Not provided
- Road Surface Type:
- Paved
- Street Name:
- 38th
- Street Number:
- 4355
- City:
- Vero Beach
- State:
- Florida
- Zip Code:
- 32967
- County:
- Indian River
- Latitude:
- N27° 40' 20.9''
- Longitude:
- W81° 34' 31.2''
- Street Suffix:
- Avenue
Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Indian River County
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