NOT LISTED FOR SALE

11450 Us Highway 1 Sebastian, FL 32958

Estimated Value: $2,877,157

4.5 Acres
$639,368 Price per Acre
196,020 Sq Ft Lot

Last Sold July 21, 2023

Last sale price $1,483,733

Est. 94% increase in value since last sale

Current estimated payment $15,806/month

259 Days on Market

About This Lot

As of July 2023

LIMITLESS POTENTIAL & PERFECTLY LOCATED: 4.5 Acres of Vacant Land. 570 Front Feet of US Hwy 1 (25,000 AADT) & Indian River Drive. Zoned (CG) General Commercial: Medical, Hotel, Retail, Office & Multi-Family. Across US 1 from Spirit of Sebastian, a 580+ Home Subdivision under construction. Seller may consider owner financing, build-to-suit, or Joint Venture.

Last Agent to Sell the Property

Troy Westover

Dale Sorensen Real Estate Inc. License #3270315 Listed on: 11/03/2022

Dale Sorensen Real Estate Inc.

Co-Listed By

Alex Westover

Dale Sorensen Real Estate Inc. License #3501070

Last Buyer's Agent

Troy Westover

Dale Sorensen Real Estate Inc. License #3270315 Listed on: 11/03/2022

Dale Sorensen Real Estate Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,255

Lot Details

  • 4.5 Acre Lot
  • Property fronts a highway
  • Few Trees
  • Property is zoned , CG, Commercial

Property Views

  • Intracoastal Views

Utilities

  • Not Connected to Water Source
  • Not Connected to Sewer
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 31390700000100000007.1

Property Details

Property Type

Land

Est. Annual Taxes

$7,255

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 4.5
  • Road Frontage Type: Highway
  • Road Surface Type: Paved
  • Co List Office Mls Id: 0074
  • Co List Office Phone: 772-231-4712
  • Subdivision Name: Other
  • Directions: From CR510 head north 4 miles, property will be on the right. From Sebastian Blvd head East, then turn South on us-1. 0.7 miles property will be on the left.
  • Attribution Contact: 772-231-4712
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Commercial

Exterior Features

  • Lot Features: 3-5 Acres, Few Trees
  • View: Intercoastal
  • View: Yes
  • Waterfront Features: None
  • Waterfront: No

Utilities

  • Sewer: Not Connected
  • Utilities: Cable Available, Electricity Available, Phone Available
  • Water Source: Not Connected, Public

Condo/Co-op/Association

  • Community Features: Storm Drain(s), Sidewalks
  • Association Name: N/A

Lot Info

  • Current Use: Commercial
  • Lot Size Sq Ft: 196020.0
  • Number Of Lots: 1
  • Parcel #: 31390700000100000007.1
  • Zoning Description: Commercial
  • Zoning: , CG
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 7255.0
  • Tax Block: 0
  • Tax Lot: 4
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2022
Closed on
Jul 19, 2023
Sold by
Macys Prize Llc
Bought by
Wynne Building Corporation
Seller's Agent
Troy Westover
Dale Sorensen Real Estate Inc.
Buyer's Agent
Troy Westover
Dale Sorensen Real Estate Inc.
List Price
$1,850,000
Sold Price
$1,483,733
Premium/Discount to List
-$366,267
-19.8%
Views
13
Current Estimated Value
$2,877,157

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,393,424
Avg. Annual Appreciation
35.60%

Purchase Details

Closed on
Sep 23, 2005
Sold by
Peak Vernon R and Peak Marguerite
Bought by
Macys Prize Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Wynne Building Corporation $1,483,800 Professional Title
Macys Prize Llc $1,700,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2023 07/21/23 Sold $1,483,733 -19.8% --
11/03/2022 11/03/22 For Sale $1,850,000 -- --
Source: REALTORS® Association of Indian River County

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,622 $472,082 $472,082 --
2023 $6,622 $472,082 $472,082 $0
2022 $7,003 $496,518 $496,518 $0
2021 $7,255 $496,518 $496,518 $0
2020 $7,368 $496,518 $496,518 $0
2019 $7,596 $496,518 $496,518 $0
2018 $7,703 $496,518 $496,518 $0
2017 $7,838 $496,518 $0 $0
2016 $7,932 $496,520 $0 $0
2015 $8,279 $496,520 $0 $0
2014 $10,261 $623,080 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Troy Westover

    Seller's Agent in 2023

    Troy Westover

    Dale Sorensen Real Estate Inc.

    (772) 453-1206

    181 Total Sales

    Troy Westover
    Section Image

  • A

    Seller Co-Listing Agent in 2023

    Alex Westover

    Dale Sorensen Real Estate Inc.

    (772) 494-3605

    27 Total Sales

    Alex Westover
    Section Image
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Map

Source: REALTORS® Association of Indian River County

MLS Number: 263871

APN: 31-39-07-00000-1000-00007.1

Florida Indian River County Sebastian 32958

11450 Us Highway 1, Sebastian, FL

This home is located at 11450 Us Highway 1, Sebastian, FL 32958 since 03 November 2022 and is currently estimated at $2,877,157. 11450 Us Highway 1 is a home located in Indian River County with nearby schools including Sebastian Elementary School, Storm Grove Middle School, and Sebastian River High School.

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