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Property Description
RARE RESIDENTIAL + COMMERCIAL OPPORTUNITY IN SEBASTIAN! Bring your vision to 1654 N Central Avenue, a unique vacant-land opportunity located in Sebastian's distinctive riverfront area. Featuring Commercial Waterfront Residential (CWR) zoning and a Riverfront Mixed-Use Future Land Use designation, this property offers exceptional versatility for homeowners, builders, investors, entrepreneurs and developers. The CWR district is designed to accommodate a mixture of residential, commercial and recreational uses. Permitted uses include single-family, duplex and multiple-family residential development up to 8 units per acre, as well as certain retail, restaurant, marina and marine-related uses, subject to applicable development standards. Certain additional uses, including hotel/motel and bed-and-breakfast, may be considered as conditional uses subject to City approval. Located within the Riverfront Overlay District, the property is conveniently positioned near US-1, Sebastian's waterfront, marinas, restaurants and the charm of this Old Florida riverfront community. The sellers have completed substantial due diligence with documentation available for review, including survey and environmental information. Whether your vision is residential, commercial or investment-oriented, this is more than vacant land - it's an opportunity to bring a vision to life in one of Sebastian's unique mixed-use locations. Buyer and Buyer's Agent are responsible for conducting their own due diligence and independently verifying all information material to Buyer's intended use, including but not limited to zoning, permitted and conditional uses, density, development requirements, setbacks, utilities, environmental conditions, impact fees and all required governmental approvals. Bring your vision and explore the possibilities!
Full Property Details
Full Property Details for 1654 N Central Ave
General
- Price: $499,999
- Taxes: $3,058 (2025)
- Status: Active
- Type: Vacant Land
- Source: Regional
- MLS ID: B26069241
- Updated: Today (8/27/2026)
- Added to Site: Today
Location
- County: Indian River
- Subdivision: PLAT OF WAUREGAN
- Direction Faces: West
School Information
- Elementary School: Sebastian
- Middle School: Sebastian River
- High School: Sebastian River
Community
- Community Name: 6351 - Sebastian (IR)
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Sewer Available, Water Available
Structural Information
- Current Bldg. Use: Commercial, Vacant
Lot Features
- Lot Size (Acres): 0.99
- Lot Size (Sq. Ft.): 43,228
- Lot Dimensions: 173.0 ft x 268.0 ft
- Frontage: City Street, Asphalt
- Road Maintenance: Public Maintained Road
- Lot Features: City Lot, Interior Lot, Irregular Lot, Other, Many Trees
- Development Status: Raw Land
- Potential Use: Commercial, Development, Investment, Mixed Use, Residential, Retail, Single Family, See Remarks, Vacant
- Trees/Vegetation: Brush, Other
- Zoning: CWR
Financial Considerations
- Assessment Amount: $171,366
- Tax Amount: $3,058.31
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Environmental Study, Other, Survey
- Legal Description: PLAT OF WAUREGAN ON FLEMING GRANT PBB 1 - 75 BEG AT A POINT WHICH IS N83-2W FOR A DIS OF 102.2 FT FROM A NAIL IN THE ROOT OF A PINE TREE ON
- Property ID: 303821000019999000130
Listed by CGI Realty
Get Pre-Approved Today
Schools
Schools serving 1654 N Central Ave
School District:Indian River County School District
| Name | Grades | Distance |
|---|---|---|
Sebastian Elementary School 400 Sebastian Boulevard, Sebastian, FL 32958 | PK-5 | 1.6 mi |
Sebastian River Middle School 9400 Fellsmere Road, Sebastian, FL 32958 | 6-8 | 4.6 mi |
Sebastian River High School 9001 90th Avenue, Sebastian, FL 32958 | 9-12 | 5.3 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 1654 N Central Ave
Date
Details
Price
Change
Source
8/27/2026
Listed
$499,999
85.18%
MLS
6/24/2024
Sold
$270,000
—
Public Record
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 1654 N Central Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,058
1%
$155,787
—
2024
$3,026
-4%
$155,787
-11%
2023
$3,159
-2%
$174,845
—
2021
$3,228
3%
$174,845
—
2022
$3,121
-6%
$174,845
—
2019
$3,336
-3%
$174,845
—
2018
$3,425
3%
$174,845
—
2017
$3,341
-3%
$174,845
—
2016
$3,444
-4%
$174,850
—
2015
$3,576
7%
$174,850
6%
2014
$3,342
5%
$164,560
5%
2013
$3,171
—
$156,330
—
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 1654 N Central Ave
1654 N Central Avenue, Sebastian, FL 32958 (MLS# B26069241) is a Vacant Land property with a lot size of 0.99 acres. 1654 N Central Avenue is currently listed for $499,999 and was received on August 27, 2026. Want to learn more about 1654 N Central Avenue? 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.

