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.
Sold for $80,000
$80,000
55 N Bay St, Fellsmere, FL 32948
--beds
0baths
0.5Acres
Unimproved Land
Built in ----
0.5 Acres Lot
$-- Zestimate®
$4/sqft
$1,543 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,543/mo
Zestimate® history
Owner options
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$1,543/mo
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$1,543/mo
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$433/mo
Est. payment
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$433/mo
Est. payment
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List your homeWhat's special
Spacious lotGenerous size
Zillow last checked:
Listing updated:
Listed by:
Michelle Banack 772-231-6509,
Alex MacWilliam, Inc.,
Brittany Banack Williams 772-473-1979,
Alex MacWilliam, Inc.
Bought with:
Michelle Banack, 3252491
Alex MacWilliam, Inc.
Brittany Banack Williams, 3447027
Alex MacWilliam, Inc.
Source: Realtor Association of Indian River County,MLS#: 276393
Originating MLS: Indian River
Originating MLS: Indian RiverFacts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Interior area
- Total interior livable area: 21,780 sqft
Property
Features
- Has view: Yes
- View description: Other
- Waterfront features: None
Lot
- Size: 0.5 Acres
- Dimensions: 175 x 125
- Features: Corner Lot, Moderate Trees, 1/4 to 1/2 Acre Lot, Split Possible
Details
- Parcel number: 31370000009058000028.0
- Zoning: ,
- Zoning description: Residential
Utilities & green energy
- Sewer: Not Connected
- Water: Not Connected, Public
- Utilities for property: Cable Available
Community & HOA
Community
- Features: Other, Storm Drain(s)
- Subdivision: Fellsmere Town Of
HOA
- HOA name: None
Location
- Region: Fellsmere
Financial & listing details
- Price per square foot: $4/sqft
- Tax assessed value: $24,631
- Annual tax amount: $569
- Date on market: 3/14/2024
- Listing terms: Cash
Price history
| Date | Event | Price |
|---|---|---|
| 3/4/2025 | Sold | $80,000-11.1%$4/sqft |
Source:  Realtor Association of Indian River County #276393 Report a problem | ||
| 2/25/2025 | Contingent | $90,000$4/sqft |
Source: Realtor Association of Indian River County #276393 Report a problem | ||
| 3/14/2024 | Listed for sale | $90,000$4/sqft |
Source: Realtor Association of Indian River County #276393 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,271 +68% | $66,938 |
| 2024 | $757 +32.9% | $66,938 +63.6% |
| 2023 | $569 +12.3% | $40,906 +19.6% |
| 2022 | $507 +3.6% | $34,213 +4.5% |
| 2021 | $489 +3.6% | $32,725 |
| 2020 | $472 | $32,725 +22.2% |
| 2019 | $472 +12.3% | $26,775 +12.5% |
| 2018 | $420 +16.1% | $23,800 +6.7% |
| 2017 | $362 | $22,313 +76.5% |
| 2016 | $362 +38.6% | $12,640 -32% |
| 2015 | $261 -32.5% | $18,590 +6.2% |
| 2014 | $386 | $17,500 +19.6% |
| 2013 | -- | $14,630 -18.5% |
| 2012 | $381 +1.1% | $17,960 |
| 2011 | $377 -19.3% | $17,960 -22.9% |
| 2010 | $467 -59.2% | $23,280 -61.1% |
| 2009 | $1,144 -6.2% | $59,850 -10% |
| 2008 | $1,220 -11.6% | $66,500 -10.3% |
| 2007 | $1,380 | $74,110 +10.7% |
| 2006 | -- | $66,940 +275% |
| 2005 | -- | $17,850 |
| 2004 | -- | $17,850 +33.3% |
| 2003 | -- | $13,390 +20% |
| 2002 | $264 +13.7% | $11,160 +15.4% |
| 2001 | $232 -2.8% | $9,670 |
| 2000 | $239 | $9,670 |
Find assessor info on the county website
Neighborhood: 32948
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Nearby schools
GreatSchools rating
- 8/10Fellsmere Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 6/10Sebastian River Middle SchoolGrades: 6-8Distance: 4.9 mi
- 5/10Sebastian River High SchoolGrades: 9-12Distance: 5.1 mi
- Florida
- Indian River County
- Fellsmere
- 32948
- 55 N Bay St
Nearby cities
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