412 Indian River Drive
Sebastian, FL 32958
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Bed
0
Bath
65,770Sqft
1.50Acres(Lot)
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
Map
Map
Features
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Heating & Cooling
Heating: Central, Individual Has Cooling: Yes Cooling: CentralAir Water front: 1
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Building Information
Stories: 1Patio And Porch Features: Covered, PorchPool Features: CommunityPrivate Pool: NoWater front Features: IntracoastalAccess,RiverFrontView: Intercoastal, River -
Exterior Features
Exterior Features: OutdoorShower, Porch
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Lot Information
Lot Dimensions: 241X288 Main Square Feet: 1.5 Lot Size Acres: 1.5 Lot Size Square Feet: 65,770 Lot Description: OneToThreeAcres,SplitPossibleProperty Information
Subdivision: Edgewater Source Property Type: Land Zoning Description: Commercial,Residential Levels: One
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Listing Price Information
Listing Price: $3495000Cash, NewLoan, Other
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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
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Utility Information
CableAvailable, ElectricityAvailable -
Location Information
Direction: IR DRIVE SOUTH OF CR512 AND NORTH OF US1 WaterSource: Connected, Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 589 Willow Court, Sebastian, FL, 32958 | $498,000 | 4 | 2 | 2,022 | 2,022 SqFt |
| 758 Beard Avenue, Sebastian, FL, 32958 | $414,900 | 3 | 2 | 1,668 | 1,668 SqFt |
| 92 Jetty Lane, Sebastian, FL, 32958 | $411,255 | 3 | 2 | 1,315 | 1,315 SqFt |
| 645 Gossamer Wing Way, Sebastian, FL, 32958 | $490,000 | 3 | 2 | 1,884 | 1,884 SqFt |
| 661 Jenkins Street, Sebastian, FL, 32958 | $375,000 | 4 | 2 | 1,720 | 1,720 SqFt |
| 9615 Estuary Way #4, Sebastian, FL, 32958 | $219,900 | 2 | 2 | 1,060 | 1,060 SqFt |
| 425 Oak Street, Sebastian, FL, 32958 | $339,900 | 3 | 2 | 1,858 | 1,858 SqFt |
| 9637 Riverside Drive #3, Sebastian, FL, 32958 | $235,000 | 2 | 2 | 1,060 | 1,060 SqFt |
| 814 Floraland Avenue, Sebastian, FL, 32958 | $390,000 | 3 | 2 | 1,534 | 1,534 SqFt |
| 670 Nobles Street, Sebastian, FL, 32958 | $349,900 | 2 | 2 | 1,190 | 1,190 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 07/23/2026 @ 01:12
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