A rare Indian River Lagoon view property in the heart of Sebastian, FL, 13395 NE Indian River Dr offers unmatched scenic beauty, redevelopment potential, and location appeal. Zoned RM-6 (Residential Multi-Family) with M-1 Medium Density Residential-1 future land use, this site is ideally suited for a boutique multifamily development or a high-end custom home. The unobstructed water views and direct proximity to the Indian River Lagoon make this property truly unique in the Treasure Coast market. Currently improved with a 1,560sf single family home, with 3 bedrooms and 2 baths.
SITE ADVANTAGES
- Views of the Indian River Lagoon
- RM-6 zoning allows up to 6 dwelling units/acre
- Ideal for luxury townhomes, vacation rentals, or condos
- Walking distance to restaurants, parks, and boat access
- Surrounded by wildlife, trails, and natural preservation areas
- Located near active residential development zones identified in Indian River County’s 2024 Residential Projects Map
ZONING & LAND USE OVERVIEW
Zoning: RM-6 Residential Multifamily
• Max 6 DU/acre
• Max Height: 28’
• Permitted Uses: Single family, duplex, townhomes, low-rise condos
Future Land Use: M-1 Medium Density Residential-1
• Low-to-medium density housing with support for recreational or civic uses
LIFESTYLE & RECREATION NEARBY
- Sebastian Inlet State Park – world-renowned for surfing & boating
- Pelican Island NWR – America’s first national wildlife refuge
- Riverview Park – concerts, festivals, farmers markets
- Walking/Bike Trails – extensive scenic routes along the Indian River
- Public Access & Fishing Piers – directly along Indian River Dr
- New Infrastructure Projects: Jetty improvements, beach renourishment, and inlet shoreline stabilization enhance the long-term value and usability of the area
DEVELOPMENT CONTEXT & REGIONAL TRENDS
- Indian River County continues to see a rise in low-density residential and eco-conscious development
- High demand for riverfront, seasonal, and active-lifestyle communities
- Sebastian is preserving small-town charm while encouraging infill and thoughtful waterfront redevelopment
- Located within the Sebastian CRA District, the property may qualify for redevelopment incentives
- The CRA Master Plan promotes mixed-use development, enhanced waterfront access, and design standards that reflect Sebastian’s coastal charm
- The Sebastian Inlet District has invested heavily in shoreline, jetty, and ecological enhancements—including sand renourishment, shoreline armoring, and pedestrian walkways—to protect and enhance long-term value in this coastal corridor
- Multiple nearby projects such as Spirit of Sebastian, Sebastian Landing PD, and Compass Pointe Apts indicate a strong regional push for new residential growth
