Former Coast Guard Station in Sebastian, FL, Listed at $1.65M with Development Potential

A unique converted property, once a U.S. Coast Guard station in Sebastian, Florida, is now on the market for $1.65 million. The 10,000-square-foot residence, which underwent a complete ground-up rebuild in 2010 to meet modern codes, offers four bedrooms, 2.5 bathrooms, and a prime waterfront location with a private white sand beach. A key feature for investors or developers is the inclusion of an adjacent 2.35-acre parcel of land, which presents a significant opportunity for additional residential development.

What is the History of This Sebastian Property?

The property's history is a major part of its appeal. Originally constructed by the U.S. Coast Guard during World War II to oversee the Sebastian Inlet, the structure was later sold to a crabmeat and fish canning business. The current home is a meticulous replica of the original building but was constructed using modern materials. A ground-up rebuild occurs when an existing structure is completely demolished and a new one is built in its place, often to comply with current building codes, which was the primary reason for this project. This process ensures the home meets all contemporary safety and construction standards while preserving the historical aesthetic.

What are the Key Features of the Home?

The main residence is a substantial 10,000-square-foot building designed to capitalize on its environment. The interior is characterized by huge living spaces flooded with natural light. A grand lanai—a term for a veranda or patio that is especially common in Florida—opens up to these areas, creating a seamless indoor-outdoor living experience. The most significant feature is the 180-degree view of the river and its marine wildlife. The property includes a private white sand beach and is perfectly situated for a deepwater dock, making it ideal for boating enthusiasts.

What is the Investment Potential of the Additional Land?

Beyond the main house, the offering includes a separate 2.35-acre parcel to the west. This land is unimproved, meaning it has no structures and requires development to realize its potential. Based on our experience assessment, this parcel could be developed into various residential options, such as townhomes, single-family homes, or even a single large estate to complement the main property. This additional land significantly increases the investment value of the purchase, offering flexibility for future expansion or a separate development project.

Prospective buyers should consider this property's unique blend of historical character, modern construction, and substantial development potential. The combination of a turn-key, code-compliant home with a blank canvas of land is a rare find in a sought-after Florida coastal location. The $1.65 million price point reflects not just the home itself but the future value embedded in the additional acreage.