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$595,000 Just Listed
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Property Description
This lovely acreage would make a wonderful estate for someone looking to build a beautiful home and have additional acreage that could be sold or developed., The 510 Wabasso Causeway offers boat ramps, picnic areas, restrooms and is walkable from the property. There is also an additional parcel of land which is approximately 8.56 acres parcel #31-39-28-00000-0040-00002/0 under the name of Caledonia Groves For $370,000. MLS # 1085752. Approx. 23.94 acres. in total of which about 14+ acres are buildable The zoning and Land Use is designated L-2, being medium density residential up to 6 units per acre. The two sites could possibly be developed with a maximum of 142 residential units. An environmental assessment by Toland Environmental Consulting dated July 15, 2025 is available for one's review. Utilities to the site include water, sewer, telephone and electricity. Onsite improvements would be development of infrastructure and residential units.
Full Property Details
Full Property Details for 0 87th St
General
- Price: $595,000
- Taxes: $557 (2025)
- Status: Active
- Type: Vacant Land
- Source: BrevardCounty
- MLS ID: 1085657
- Updated: 8/22/2026
- Added to Site: 3 day(s) ago
Location
- Area: 904 - Indian River
- County: Indian River
- Subdivision: None
- Driving Directions: From US 1 either north or south head east on 510, take left onto 87th, sign on property
School Information
- Elementary School: Other
- Middle School: Other
- High School: Other
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Sewer Available, Water Available
Structural Information
- Current Bldg. Use: Unimproved
Lot Features
- Property View: Trees/Woods
- Lot Size (Acres): 15.38
- Lot Size (Sq. Ft.): 669,953
- Frontage: Unimproved
- Street/Road Desc.: Dirt, Paved
- Lot Features: Many Trees, Wetlands, Wooded
Financial Considerations
- Tax Amount: $557.09
- Tax Year: 2025
- Terms: Owner May Carry, Private Financing Available
Disclosures and Reports
- Special Conditions: Owner Licensed RE, Real Estate Owned
- Property ID: 31392700003002000001
Listed by Suncoast Realty, Inc.
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Schools
Schools serving 0 87th St
School District:Indian River County School District
| Name | Grades | Distance |
|---|---|---|
Pelican Island Elementary School 1355 Schumann Drive, Sebastian, FL 32958 | PK-5 | 1.9 mi |
Storm Grove Middle School 6400 57th Street, Vero Beach, FL 32967 | 6-8 | 4 mi |
Sebastian River High School 9001 90th Avenue, Sebastian, FL 32958 | 9-12 | 5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 0 87th St
Date
Details
Price
Change
Source
8/21/2026
Listed
$595,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 0 87th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
100%
$102,000
—
2024
100%
$102,000
—
2023
100%
$102,000
—
2022
100%
$102,000
-80%
2021
100%
$510,000
—
2020
—
$510,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 0 87th St
0 87th Street, Sebastian, FL 32958 (MLS# 1085657) is a Vacant Land property with a lot size of 15.38 acres. 0 87th Street is currently listed for $595,000 and was received on August 21, 2026. Want to learn more about 0 87th Street? Do you have questions about finding other Vacant Land real estate for sale in Sebastian? You can browse all Sebastian real estate or contact a Coldwell Banker agent to request more information.

