$2,745,000
An Extraordinary Riverside Estate -- Land, Water & Limitless Potential. Situated on one of the most prestigious stretches of Riverside Drive in charming Indialantic, Florida, Villa Rotunda located at 1000 N. Riverside Drive represents a singular opportunity in Brevard County's luxury waterfront market. Spanning nearly one full acre along the banks of the Indian River, this property offers approximately 130 feet of direct river frontage -- a rare commodity on a street where estate-sized lots and breathtaking Indian River vistas define the landscape between the Eau Gallie and Fifth Avenue causeways. The riverfront improvements alone place this property in a category of its own. A brand-new vinyl seawall finished with coquina rock anchors the property along the water's edge, providing both lasting structural integrity and a refined, natural aesthetic befitting a luxury estate. Over a multi-year process, the owner undertook an exceptional investment in the dock infrastructure - extending the private dock to an impressive 400 feet, making it among the longest private docks on the Indian River in this corridor. At its terminus, a substantial boathouse has been constructed -- reportedly one of the largest in the area -- purpose-built to house a 40-foot catamaran, yacht, or comparable vessel such as a Sea Ray, complete with a 40,000 lb. boat lift. A second docking area offers additional mooring for another boat, jet ski, or watercraft. Step to the end of your dock each evening and you'll understand why this stretch of the Indian River is so coveted -- the western sunsets paint the sky in color and are best enjoyed from the water's edge. This is one of the very few -- possibly the only -- walled and gated properties along Riverside Drive, offering a level of privacy and security that is virtually unmatched in the area. Approximately 375 feet of perimeter wall runs along both the north and south sides of the property, creating a true private enclave from arrival to waterfront. The grounds have been thoughtfully developed for outdoor living and entertaining. A cabana with a stone fireplace creates an ideal setting for alfresco dining and gathering under the stars. A dedicated fire pit area provides another gathering focal point. A separate gazebo houses a spa and presents the natural opportunity to be reimagined as an outdoor pool bath -- particularly relevant for a new build or full renovation incorporating a riverfront pool. The existing residence -- a Mediterranean-inspired 4-bedroom, 4.5 -bath two story concrete block home of approximately 3,086 square feet built in 1996 -- carries the bones and character of a one-of-a-kind estate, including its distinctive Old World European design heritage known as Villa Rotonda. However, the property is being offered with full acknowledgment that the home is ready for complete transformation. The buyer has two compelling paths forward: a full-scale renovation and redesign utilizing the available architectural design plans, or a clean-slate new construction taking full advantage of the extraordinary lot, water frontage, and existing dock and seawall infrastructure.A complete set of architectural design plans is available for the discerning buyer who is ready to recreate the current riverfront estate into their vision. The infrastructure investment already made -- the seawall, the 400 -foot dock, the boathouse, the perimeter walls -- represents significant capital already deployed and ready to serve a spectacular new residence.
Location. Riverside Drive is one of Brevard County's most sought-after addresses, running along the Indian River between the causeways with no HOA restrictions and a lifestyle defined by waterfront living, proximity to nature, and convenient access to 5th Avenue's dining and shopping, downtown Melbourne, and the Atlantic beaches just minutes away. Whether your vision is a refined remodel or an architectural ground-up masterpiece, 1000 N. Riverside Drive offers the land, the water, the privacy, and the infrastructure to make it extraordinary. Opportunities of this nature on Riverside Drive are exceedingly rare -- and virtually impossible to replicate.
4
Beds
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5
Baths
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1073773
MLS
1000 N Riverside Drive, Indialantic