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412 Indian River Drive

Sebastian, FL 32958
  • $3,495,000
  • STATUS: Active Under Contract
  • ON SITE: 255 Days
  • MLS #: 291569
Under Contract
UPDATED: 86 min ago
$3,495,000
  • 0
    BEDS
  • 1.5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Edgewater
Type:
Vacant Land / Lots
County:
Indian River
Area:
Sebastian City

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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

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© 2026 REALTORS® Association of Indian River County, Inc. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Waterman Real Estate. Data last updated: 2026-06-15T15:37:10.8.
www.watermanre.com/homes/168473048
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412 Indian River Drive Sebastian, FL 32958

  • Price: $3,495,000
  • Status: Active Under Contract
  • On Site: 255 Days
  • Updated: 86 min ago
  • MLS #: 291569
0
Beds
0
Baths
0
½ Baths
1.5
Acres
Neighborhood:
Edgewater
County:
Indian River
Area:
Sebastian City
Property 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
Exterior Features

Exterior Features Outdoor Shower Porch Levels One Lot Features 1-3 Acres Split Possible Patio And Porch Features Covered Porch Road Surface Type Paved View Intercoastal River View YN Yes Waterfront Features Intracoastal Access River Front Waterfront YN Yes

Interior Features

Cooling Central Air Cooling YN Yes Door Features Sliding Doors Furnished Furnished Heating Central Individual Window Features Window Treatments

Property Features

Association Fee 0 Community Features Pool Storm Drain(s) Water Access Current Use Commercial Listing Terms Cash New Loan Other Lot Size Dimensions 241 X288 Number Of Lots 1 Pool Features Community Possible Use Residential Sewer Connected Tax Annual Amount 21521 Tax Lot 1 Tax Year 2024 Water Source Connected Public Zoning Zoning Description Commercial Residential

Listing courtesy of Berkshire Hathaway Florida: 772-231-1270.


© 2026 REALTORS® Association of Indian River County, Inc. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Waterman Real Estate. Data last updated: 2026-06-15T15:37:10.8.
 
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