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4355 38th Avenue, Vero Beach, FL 32967 (MLS# R11142752)

4355 38th Avenue, Vero Beach, FL 32967

$1,100,000
Property Type: Land & Docks Lot Size (sq. ft.): 290,981 Status: Active
Current Price: $1,100,000 List Date: 11/21/2025 Last Modified: 4/23/2026

Overview

Description

APPROVED - 79 DOORS AFFORDABLE HOUSING DEVELOPMENT! Introducing an exceptional opportunity for multifamily residential development in an enviable location. This prime property boasts an unbeatable location just minutes away from beach access and offers unparalleled convenience being in close proximity to the airport. With its coveted zoning of RM-10, this parcel presents a range of possibilities for developers seeking to create a thriving community.The potential for this property is truly impressive, with the current entitlements allowing for the construction of 66 townhomes or condominiums with an additional grant allowing for up to 79 doors for affordable housing development.

Supplements: Water and sewer services are readily available through the city, ensuring a smooth transition for the implementation of utilities. While the existing internal roads may require development, the presence of perimeter roads adds convenience and accessibility to the site. For developers looking to streamline the due diligence process, this property co ...

Listing Details MLS# R11142752

General Property Information

Property Sub Type
Unimproved Land
Lot Size Acres
6.68
Lot Size Square Feet
290981
Lot Size Dimensions
440 x 600
Lot Depth
600
Property Description
Future Development
Lot Frontage
440
Direction Faces
East
LP/SqFt
3.78

Property Features

Current Use: Commercial; Multi-Family; Single Family; Unimproved Development Status: Raw Land Documents Available: Aerial Location of Property: City Location Possession: Negotiable Possible Use: Single Family Sewer: Public Sewer Special Information: Clearing Required; Corporate Owned Trees: Other Utilities: Cable Available; Electricity Available; Sewer Available; Water Available; None Vegetation: Brush Listing Terms: Cash; Conventional Lot Features: Many Trees Road Frontage Type: West of US-1; Public Road Road Surface Type: Paved Water Source: Public Water View: Lagoon; Pond Showing Requirements: No Appointment; Sign On Property Acreage Description: 5 To Less Than 10 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
1100000
LP/Acre
164670.66
LP/Frontage
2500

Location and Legal

Country
United States
County Or Parish
Indian River
County Parish Name
Indian River
Street Number
4355
Street Name
38th
Street Suffix
Avenue
City Name
Vero Beach
State Or Province
FL
Postal Code
32967
Postal Zip
32967
Subdivision Name
North Central Vero Beach.
Development Name
Future Residential
Area
5940 - Other Florida County
Geographic Area
Other
Elementary School
Dodgertown
Middle Or Junior School
Gifford
High School
Vero Beach
Parcel Number
32392700000300000018.0
Multiple Offers Accepted
Yes
Zoning
RM-10
Directions
Johnston Rd and 43rd Ave SW to 38th Ave in Gifford 20 min (11.9 mi) Merge onto FL-614/Indrio Rd 1.0 mi Turn left onto Johnston Rd 2.5 mi Continue onto 43rd Ave SW 7.7 mi Turn right onto 41st St 0.4 m

Financial Information

Tax Year
2025
Tax Annual Amount
2557.57
Tax Legal Description
''''''W1/2 OF NE1/4 OF NW1/4, LESS N 735 FT &LESS S 165 FT (OR BK 468 PP 255)''''''

Status Change Information

Major Change Timestamp
2025-11-21T22:12:13Z
Major Change Type
New Listing
Status Change Date
2025-11-21

More Information

Short Sale Details

Short Sale Addendum
No

Originating Details

Originating System Key
20251121212737803323000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Documents Available

Aerial
Yes

Current Use

Commercial
Yes
Multi-Family
Yes
Single Family
Yes
Unimproved
Yes

Development Status

Raw Land
Yes

Location of Property

City Location
Yes

Possession

Negotiable
Yes

Possible Use

Single Family
Yes

Sewer

Public Sewer
Yes

Special Information

Clearing Required
Yes
Corporate Owned
Yes

Trees

Other
Yes

Utilities

Cable Available
Yes
Electricity Available
Yes
Sewer Available
Yes
Water Available
Yes
None
Yes

Vegetation

Brush
Yes

Water View

Lagoon
Yes
Pond
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Lot Features

Many Trees
Yes

Road Frontage Type

West of US-1
Yes
Public Road
Yes

Road Surface Type

Paved
Yes

Water Source

Public
Yes

Showing Requirements

No Appointment
Yes
Sign On Property
Yes

Acreage Description

5 To Less Than 10 Acre Lot
Yes
IDX
Listing Office: LoKation
Last Updated: April - 23 - 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.

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