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6310 41st St - Vero Beach RS-3 Residential Development Site 4.75 Acres of Residential Land Offered at $1,267,379 CAD in Vero Beach, FL 32967
Investment Highlights
- Income in Place, Day One — Two occupied structures with a pool generating $3,600/month in rental income while you plan, permit, and develop.
- Burgeoning Builder Corridor — National homebuilders are actively acquiring land and delivering product within 2 miles
- Multiple Paths to Value — Subdivide into single-family homesites, develop a private family compound, or pursue other ancillary residential uses.
- Up to 14 Lots By Right — RS-3 zoning and L-1 FLU deliver maximum residential density with no rezoning and no comp plan amendment
- Fully cleared with all infrastructure in place, eliminating the time, cost, and uncertainty typically associated with raw land development.
- All Reasonable Offers and Terms Considered. Brokers Welcome.
Executive Summary
The numbers work. National homebuilders have made significant land acquisitions within 2 miles of this site as recently as December 2024, validating strong demand and premium pricing for residential development land in this immediate corridor. New home averages in the 32967 ZIP stand at $407,187 with a top of market exceeding $1,000,000. Finished lot values in the area exceed $150,000, generating strong builder margins against market-rate construction costs.
Location upside is real and measurable. The $95M FDOT Oslo Road/I-95 interchange project, scheduled for completion around 2028, will permanently enhance access and accelerate surrounding development velocity. National and regional homebuilders are actively operating within 2 to 5 miles, providing validated and sustained demand for exactly this product type.
Carry costs are covered. Existing tenants generate $3,600 per month in current rental income while a buyer completes engineering, permitting, and entitlement. The improved site also includes a farmhouse and a 6-stall horse barn with equestrian facilities, offering flexibility for owner use, continued rental, or full site redevelopment.
The property lends itself equally well to alternative uses. The combination of acreage, privacy, existing structures, and equestrian facilities makes this an exceptional candidate for a private family compound, an owner-occupied estate with income-producing improvements, or other ancillary residential uses that benefit from a larger footprint in a high-growth coastal county.
No surprises. No rezoning. No comp plan amendment. Just a well-located, income-producing parcel in a supply-starved market with multiple paths to value.
All Reasonable Offers Considered. Brokers Protected.
Property Facts
1 Lot Available
Lot
| Price | $1,267,379 CAD | Lot Size | 4.75 AC |
| Price Per AC | $266,816.63 CAD |
| Price | $1,267,379 CAD |
| Price Per AC | $266,816.63 CAD |
| Lot Size | 4.75 AC |
4.75 acres zoned RS-3 with L-1 FLU. Up to 14 residential lots by right. No rezoning required. Existing tenants generating $3,600/month. Flat topography in active national homebuilder corridor. Vero Beach, Indian River County.
Description
The property features two existing income-producing structures with a pool, currently occupied by two tenants generating $3,600 per month in rental income — providing immediate cash flow to offset carrying costs while a buyer executes their development strategy. The site is zoned RS-3 with an L-1 Future Land Use designation, supporting up to 14 single-family homesites by right with no rezoning or comprehensive plan amendment required. Flat topography and minimal environmental constraints position this parcel for efficient subdivision layout and a streamlined path through Indian River County's entitlement and permitting process. Perfectly suited for single-family subdivision development, a private family compound, or other ancillary residential redevelopment opportunities. The parcel sits within one of Florida's most active national homebuilder corridors, with significant land acquisitions occurring in the immediate area and new home values regularly exceeding $400,000.
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6310 41st St - Vero Beach RS-3 Residential Development Site
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