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VACANT LAND <br />Vacant land includes land with no active use, unbuilt lots in existing subdivisions, and land <br />containing abandoned structures. According to the Indian River County Property Appraiser's <br />data, there are currently 15,557 acres in this designation in the unincorporated county. Of that <br />total, 2,489 acres are classified as vacant commercial/industrial, while 13,068 acres are classified <br />as vacant residential. <br />Due to the residential activity that occurred in the early 2000s, the amount of vacant residential <br />land in the county decreased significantly. Since 1996, vacant residential land, including vacant <br />lots within existing platted subdivisions, decreased from 18,220 acres to 13,068 acres. While <br />vacant residential land accounted for 53% of all residential land in 1996, the amount of vacant <br />land had decreased to 40% of all residential land by 2007. <br />Of the 13,068 acres of vacant residential land in 2007, 9,861 acres consisted of undeveloped <br />land. Accounting for 30% of all residential land, undeveloped land consists mostly of raw land, <br />but also includes land with approved -but -unbuilt projects. As Table 2.8 illustrates, most of the <br />undeveloped residential land is located within the county's two primary low-density categories: <br />L-1 and L-2. Combined, the L-1 and L-2 districts contain 78% of the undeveloped residential <br />land (7,700 acres) in the county. In comparison, the county's two medium -density districts, M-1 <br />and M-2, contain only 17% of the county's undeveloped residential land (1,712 acres). <br />Table 2.8, Undeveloued Land in Residential Future Land Use Categories (2007) <br />Future Land Use Category <br />Total Acreage <br />Undeveloped <br />Percent <br />Acreage <br />Undeveloped <br />BCID: Blue Cypress Improvement District <br />20 <br />0 <br />0% <br />10 units/Acre <br />L-1: Low -Density Residential -1 <br />11,802 <br />4,177 <br />35% <br />3 Units/Acre <br />L-2: Low -Density Residential -2 <br />13,217 <br />3,523 <br />26% <br />6 Units/Acre <br />M-1: Medium -Density Residential -1 <br />4,691 <br />1,512 <br />28% <br />8 Units/Acre <br />M-2: Medium -Density Residential -2 <br />1,711 <br />200 <br />12% <br />(10 Units/Acre) <br />R: Rural Residential <br />511 <br />421 <br />82% <br />(1 Unit/Acre) <br />T: Transitional Residential <br />29 <br />29 <br />100% <br />(1 Unit/Acre) <br />MHRP: Mobile Home Rental Park <br />780 <br />0 <br />0% <br />(8 Units/Acre <br />Total <br />32,761 <br />9,861 <br />30% <br />Future Land Use Element 31 <br />