3780 INDIAN RIVER Boulevard, Vero Beach, FL 32960

$2,325,000

3780 INDIAN RIVER Boulevard
Vero Beach, FL 32960
MLS# B26089527

1 / 14

Property Description
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.

Details

Maps

Contract Information

Comp Sale YN: No

Listing Date: 2026-10-17

Status: Active

Original List Price: 2325000

List Price: $2,325,000

Current Price: $2,325,000

Negotiable Seller Concessions YN: Yes

Listing Service: Full Service

Seller Represented YN: Yes

LP/Acre: 304718.22

LP/Frontage: 2409.33

Location and Legal

Country: United States

County Or Parish: Indian River

County Parish Name: Indian River

Street Number: 3780

Street Name: INDIAN RIVER

Street Suffix: Boulevard

City Name: Vero Beach

Municipality Type: Incorporated

State Or Province: FL

Postal Code: 32960

Postal Zip: 32960

Subdivision Name: Other

Development Name: Oak Lake

Area: 6321 - City of Vero Beach (IR)

Geographic Area: INRV - Indian River

Elementary School: Beachland

Middle Or Junior School: Gifford

High School: Vero Beach

Parcel Number: 323925000007000000021

Subdivision Number: 50000

Multiple Offers Accepted: Yes

Zoning: RM-8

Flood Zone: AE

County Land Use: 00

Directions: From US-1, east on 37th St to Indian River Blvd; turn left (north). Site is on the right (east side) just north of 37th St and south of 41st St.

General Property Information

Transaction Type: Listing For Sale

Property Sub Type: Unimproved Land

Number Of Lots: 1

Lot Size Acres: 7.63

Lot Size Square Feet: 332363

Lot Size Dimensions: 686 x 965 (Irregular)

Lot Depth: 686

Property Description: VACANT RESIDENTIAL

Gated Community YN: No

Lot Frontage: 965

Land Lease YN: No

Recreation Lease YN: No

Direction Faces: Southwest

LP/Assessed Value: 1.42

LP/SqFt: 7

Financial Information

Master Association YN: No

Membership Fee Required YN: No

Tax Year: 2025

Tax Annual Amount: 26076.24

Tax Assessed/SOH Value: 1642080

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

Assessor Market Value: 1642080

Zoning Details

Jurisdiction: City

Status Change Information

Major Change Timestamp: 2026-10-17T15:52:41Z

Major Change Type: New Listing

Status Change Date: 2026-10-17

Originating Details

Originating System Key: 20261017153707220152000000

Originating System ID: M00000170

Property Features

Current Use: Development; Investment; Multi-Family; Unimproved

Development Status: Raw Land; Site Plan Approved

Documents Available: Aerial; Building Plan; Deed Restriction(s); Engineering Study; Plans; Survey; Title Insurance; Topographical Map

Environmental Audit: Unknown

Fencing: None

Location of Property: City Location; In Residential Area; Location In A Flood Zone

Other Structures: None

Possession: Close Of Escrow

Possible Use: Development; Investment; Multi-Family; Residential

Sewer: Public Sewer

Special Information: Platted

Special Listing Conditions: Standard

Trees: Sabal Palm

Utilities: Electricity Available; Sewer Available; Water Available; None

Vegetation: Grassed

View: Preserve; Water

Zoning Information: Use Conforms To Zoning

Listing Terms: 1031 Exchange; Cash; Conventional

Lot Features: Irregular Lot; Oversized Lot; Street Lights

Membership: No Membership Available

Road Frontage Type: East of US-1

Road Responsibility: Public Maintained Road

Road Surface Type: Paved

Traffic Type: Medium

Tax Information: City/County; Land Only; Tax Reflects No Exemptions

Water Source: Public

Water View: Lake; Pond

Showing Requirements: Call Listing Agent; No Appointment

Elevation Description: 0-5 Feet Above Sea Level

Acreage Description: 5 To Less Than 10 Acre Lot

Supplements

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.

Listing Office: Compass Florida LLC

Last Updated: October - 19 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.