412 Indian River Drive, Sebastian, FL 32958

$3,495,000 — ActiveUnderContract

Property Features

Map Map It

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

  • Listing ID: 291569
  • Status: ActiveUnderContract
  • Listing Date: 2025-10-01
  • Property Type: Land
  • Subdivision: Edgewater
  • County: Indian River
  • MLS Area: Sebastian City
  • Bedrooms: 0
  • Full Bathrooms: 0
  • Living Area Sq Ft: 65,770
  • Lot Dimensions: 241X288

Financial

  • List Price: $3,495,000
  • HOA Fee: None
  • Taxes: $21,521/yr

Features & Amenities

  • Waterfront: Yes
  • View: Intercoastal,River
  • Furnished: Furnished
  • Cooling: CentralAir
  • Heating: Central,Individual
  • Exterior Features: OutdoorShower,Porch

Courtesy of Berkshire Hathaway Florida
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RAIRC

© 2026 Starfish Real Estate. Listings updated Nov 11, 2026 5:00 am. Listing data is derived from the Broker Reciprocity Program of the Realtor Association of Indian River County (RAIRC) and BeachsMLS. Properties listed by brokers other than Starfish Real Estate are identified with the applicable MLS logo and include the listing broker's name. Not all properties available through either MLS may be displayed. All MLS data is the copyrighted property of the respective MLS and its participants. Data is deemed reliable but is not guaranteed accurate and should be independently verified prior to entering into any transaction.