Active Under Contract

412 Indian River Drive

Sebastian, FL 32958

$3,495,000 $14,735/Mo

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Overview

Bed

Bath

65,770

Sqft

1.50

Acres(Lot)

Description

UNDER CONTRACT, BACKUPS ENCOURAGE. WHAT A VIEW! 1.5 ACRE RIVERFRONT LOCATION. RM-8 USE AVAILABLE FOR UP TO 10 LUXURY CONDOS. CURRENT USE AS MOM AND POP HOTEL WITH 17 UNITS, POOL, PAVILION AND LAUNDRY. ALSO POSSIBLE FOR ESTATE SIZE LOT SINGLE HOME OR SUBDIVIDE INTO 3 LOTS. DOCK SPACE AVAILABLE AS WELL. LIFT STATION IN PLACE WITH COUNTY WATER. SOUTH INDIAN RIVER DRIVE LOCATION WITHIN PARK AND RESTAURANT LOCATIONS. JUST INSIDE SEBASTIAN CITY LIMITS WITH RIVERFRONT PERFORMANCE OVERLAY ARCHITECTURAL RULES. ALSO LISTED AS COMMERCIAL ML#291953

Property Details

Property Type : Land

Price : $3,495,000

AD Id : 50338291

MLS Id : 291569

Lot Size : 1.50 Acres

Living Area Size : 65,770

Year Built : --

County : Indian River

Map

Features

Heating & Cooling

Heating: Central, Individual Has Cooling: Yes Cooling: CentralAir Water front: 1

Building Information

Stories: 1

Patio And Porch Features: Covered, Porch

Pool Features: Community

Private Pool: No

Water front Features: IntracoastalAccess,RiverFront

View: Intercoastal, River
Exterior Features

Exterior Features: OutdoorShower, Porch

Lot Information

Lot Dimensions: 241X288 Main Square Feet: 1.5 Lot Size Acres: 1.5 Lot Size Square Feet: 65,770 Lot Description: OneToThreeAcres,SplitPossible

Property Information

Subdivision: Edgewater Source Property Type: Land Zoning Description: Commercial,Residential Levels: One

Listing Price Information

Listing Price: $3495000

Cash, NewLoan, Other

Tax Information

Parcel Number: 31390600020012000001.0 Tax Lot: 1 Tax Block: 12 Tax Year: 2024 Annual Tax: $21521 Tax Legal Desc: EDGEWATER PARK SUB PBI 1-23 LOTS 1 & 2 & UNNUMBERED LOT BLK12, LESS N 10 FT

Utility Information

CableAvailable, ElectricityAvailable
Location Information

Direction: IR DRIVE SOUTH OF CR512 AND NORTH OF US1 WaterSource: Connected, Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
919 Landsdowne Drive, Sebastian, FL, 32958	$399,000	4	3	1,854	1,854 SqFt
821 Barber St, Sebastian, FL, 32958	$280,000	3	2	1,341	1,341 SqFt
27 Sunset Drive, Sebastian, FL, 32958	$392,000	2	2	1,465	1,465 SqFt
107 Larchmont Terrace, Sebastian, FL, 32958	$385,000	3	2	1,620	1,620 SqFt
809 Yearling Trail, Sebastian, FL, 32958	$675,000	3	3	2,393	2,393 SqFt
1510 Eagles Circle, Sebastian, FL, 32958	$729,000	3	2	2,641	2,641 SqFt
907 Yearling Trail, Sebastian, FL, 32958	$619,900	3	2	2,195	2,195 SqFt
1116 Breezy Way #1H, Sebastian, FL, 32958	$174,900	2	2	960	960 SqFt
102 Salazar Lane, Sebastian, FL, 32958	$523,900	4	2	2,611	2,611 SqFt
7666 134th Street, Sebastian, FL, 32958	$465,000	3	2	1,810	1,810 SqFt

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The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of the REALTORS Association of Indian River County, Inc.®. IDX information is provided exclusively for consumers' personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. © 2026 REALTORS Association of Indian River County, Inc.®. All rights reserved.

ByOwner last updated this listing 06/07/2026 @ 16:08

MLS: 291569 LISTED BY: Chip Landers, Berkshire Hathaway Florida 772-231-1270 SOURCE: RAIRC