412 Indian River Drive
Sebastian, FL 32958
12
Bed
0
Bath
1.50Acres(Lot)
WHAT A VIEW! 1.5 ACRE RIVERFRONT LOCATION. CURRENT USE AS MOM AND POP HOTEL WITH 17 UNITS, DOCK, POOL, PAVILION AND LAUNDRY. RM-8 USE AVAILABLE FOR UP TO 10 LUXURY CONDOS. ALSO POSSIBLE FOR ESTATE SIZE LOT SINGLE HOME OR SUBDIVIDE INTO 3 LOTS. LIFT STATION IN PLACE WITH COUNTY WATER. SOUTH INDIAN RIVER DRIVE LOCATION WITHIN PARK AND RESTAURANTS NEARBY. JUST INSIDE SEBASTIAN CITY LIMITS WITH RIVERFRONT PERFORMANCE OVERLAY ARCHITECTURAL RULES. ALSO LISTED AS ML#291569 VACANT LAND
Property Details
Map
Map
Features
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Interior Features
Roof: ShingleLaundry Features: OutsideWindow Features: WindowTreatments -
Heating & Cooling
Has Heating: Yes Heating: Central, Electric, Individual Has Cooling: Yes Cooling: CentralAir Water front: 1
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Building Information
Year Built: 1969Construction Materials: Block, Frame, Concrete, StuccoStories: 1Patio And Porch Features: Covered, PorchPool Features: Pool, CommunityPrivate Pool: NoWater front Features: IntracoastalAccess,RiverFrontView: 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 Description: OneToThreeAcres,ModerateTrees,SplitPossibleProperty Information
Subdivision: Edgewater Source Property Type: ResidentialIncome Zoning Description: Commercial Property SubType: Apartment Levels: One Property Age: 57
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Listing Price Information
Listing Price: $3495000Cash, NewLoan
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Tax Information
Parcel Number: 31390600020012000001.0 Tax Lot: 1 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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Virtual Tour
Parking Information
Parking Total: 19 Assigned
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Location Information
Direction: IR DRIVE SOUTH OF CR512 AND NORTH OF US1 CUTOFF TO IR DRIVE WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 602 Gossamer Wing Way, Sebastian, FL, 32958 | $555,000 | 3 | 2 | 2,010 | 2,010 SqFt |
| 573 Autumn Terrace, Sebastian, FL, 32958 | $310,000 | 2 | 2 | 1,059 | 1,059 SqFt |
| 1528 Glentry Lane, Sebastian, FL, 32958 | $355,000 | 3 | 2 | 1,445 | 1,445 SqFt |
| 1516 Eagles Circle, Sebastian, FL, 32958 | $649,000 | 4 | 2 | 2,322 | 2,322 SqFt |
| 311 Seaside Terrace, Sebastian, FL, 32958 | $475,000 | 3 | 2 | 1,851 | 1,851 SqFt |
| 104 Bryant Court, Sebastian, FL, 32958 | $405,000 | 3 | 2 | 2,104 | 2,104 SqFt |
| 444 S Tulip Drive, Sebastian, FL, 32958 | $369,900 | 4 | 3 | 2,110 | 2,110 SqFt |
| 1504 Eagles Circle, Sebastian, FL, 32958 | $859,000 | 5 | 4 | 4,247 | 4,247 SqFt |
| 5519 95th Street, Sebastian, FL, 32958 | $215,000 | 2 | 2 | 1,215 | 1,215 SqFt |
| 432 Seagrass Avenue, Sebastian, FL, 32958 | $399,000 | 3 | 2 | 2,183 | 2,183 SqFt |
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ByOwner last updated this listing 06/08/2026 @ 12:41
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