$80,000
SOLD MAR 4, 2025

55 N Bay St Fellsmere, FL 32948

0.5 Acre
$160,000 Price per Acre
21,780 Sq Ft Lot

Recently Sold

$4 Per Sq Ft

11% Below List Price

354 Days on Market

Highlights

  • Wooded Lot
  • Corner Lot
  • Views

About This Lot

As of March 2025

An exceptional opportunity in real estate - a spacious lot with the potential to be subdivided into two separate parcels. Encompassing .5 acres, this property offers versatility and potential for investors or those seeking to build multiple residences.
Nestled in a desirable location, only three blocks from town. The lot's generous size allows for the creation of two distinct parcels, each offering space for a custom home, landscaping, and outdoor amenities.
With the option to split the lot, buyers have the flexibility to develop one parcel while retaining the other for future investment.

Last Agent to Sell the Property

Lynn Banack

Alex MacWilliam, Inc. Brokerage Phone: 772-231-6509 License #3252491 Listed on: 03/14/2024

Alex MacWilliam, Inc.

Co-Listed By

Brittany Williams

Alex MacWilliam, Inc. Brokerage Phone: 772-231-6509 License #3447027

Last Buyer's Agent

Lynn Banack

Alex MacWilliam, Inc. Brokerage Phone: 772-231-6509 License #3252491 Listed on: 03/14/2024

Alex MacWilliam, Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $569

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 175x125
  • Corner Lot
  • Wooded Lot
  • Many Trees
  • 7 Lots in the community

Home Design

  • 21,780 Sq Ft Home

Utilities

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

Additional Features

  • Property Views

Community Details

  • Fellsmere Town Of Subdivision

Listing and Financial Details

  • Legal Lot and Block 28 / 58
  • Assessor Parcel Number 31370000009058000028.0

Property Details

Property Type

Land

Est. Annual Taxes

$569

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 0.5
  • Lot Size: 175x125
  • Road Frontage Type: Interchange
  • Co List Office Mls Id: 0013
  • Co List Office Phone: 772-231-6509
  • Subdivision Name: Fellsmere Town Of
  • Directions: Go west on County Road 512. Turn right on Bay Street. The lot is located on the southeast corner of N Bay and Idaho.
  • Attribution Contact: 772-231-6509
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Residential
  • Living Area: 21780.0

Exterior Features

  • Lot Features: Corner Lot, Moderate Trees, 1/4 to 1/2 Acre Lot, Split Possible
  • View: Other
  • View: Yes
  • Waterfront Features: None
  • Waterfront: No

Utilities

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

Condo/Co-op/Association

  • Community Features: Other, Storm Drain(s)
  • Association Name: None

Schools

  • Junior High Dist: Indian River County Schools

Lot Info

  • Current Use: Single Family
  • Lot Size Sq Ft: 21780.0
  • Number Of Lots: 7
  • Parcel #: 31370000009058000028.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 569.0
  • Tax Block: 58
  • Tax Lot: 28
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2024
Closed on
Mar 4, 2025
Sold by
Banack Sidney M and Banack Wilton Russell
Bought by
Espinoza Silvestre and Espinoza Roxana
Seller's Agent
Lynn Banack
Alex MacWilliam, Inc.
Buyer's Agent
Lynn Banack
Alex MacWilliam, Inc.
List Price
$90,000
Sold Price
$80,000
Premium/Discount to List
-$10,000
-11.11%
Views
46
Current Estimated Value
$79,609

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$391
Avg. Annual Appreciation
2.68%

Purchase Details

Closed on
Oct 31, 2024
Sold by
Trust No 96-111 and Banack Wilton R
Bought by
Banack Wilton R and Banack Sidney M
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 Type Sale Price Title Company
Warranty Deed $80,000 Supreme Title Solutions
Warranty Deed $80,000 Supreme Title Solutions
Warranty Deed -- None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2025 03/04/25 Sold $80,000 -11.1% $4 / Sq Ft
03/14/2024 03/14/24 For Sale $90,000 -- $4 / Sq Ft
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 $569 $74,375 $74,375 --
2023 $569 $24,631 $0 $0
2022 $507 $34,213 $34,213 $0
2021 $489 $32,725 $32,725 $0
2020 $472 $32,725 $32,725 $0
2019 $420 $26,775 $26,775 $0
2018 $390 $23,800 $23,800 $0
2017 $362 $22,313 $0 $0
2016 $261 $12,640 $0 $0
2015 $386 $18,590 $0 $0
2014 $358 $17,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2025

    Lynn Banack

    Alex MacWilliam, Inc.

    (772) 567-6856

    2 in this area

    2 Total Sales

    Lynn Banack
    Section Image

  • B

    Seller Co-Listing Agent in 2025

    Brittany Williams

    Alex MacWilliam, Inc.

    (772) 473-1979

    2 in this area

    3 Total Sales

    Brittany Williams
    Section Image
See All Agents

Map

Source: REALTORS® Association of Indian River County

MLS Number: 276393

APN: 31-37-00-00009-0580-00028.0

Florida Indian River County Fellsmere 32948

55 N Bay St, Fellsmere, FL

This home is located at 55 N Bay St, Fellsmere, FL 32948 and is currently priced at $80,000, approximately $3 per square foot. 55 N Bay St is a home located in Indian River County with nearby schools including Fellsmere Elementary School, Sebastian River Middle School, and Sebastian River High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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