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412 Indian River Drive Sebastian, FL 32958

$3,495,000

Total Square Feet

65,770
Lot Size

1.50 acre(s)

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...

Property Summary

Status: Contingent

MLS Number: 291569

Days on Market: 151

Subdivision: Edgewater

County: Indian River

Bedrooms: 0

Total Square Feet: 65,770

New Constuction: No

Construction:

Outdoor Features: Outdoor Shower, Porch

Waterfront: Yes

Property Type: Land - Residential

Cooling: Central Air

Heating: Central, Individual

Lot Size: 1.50 Acres

Stories: 1.0

Taxes: $21,521

Featured Amenities

Outdoor Shower

Porch

Property Details

Community Features: Pool, Storm Drain(s), Water Access

Crops Included Y/N: No

Days on Site: 151

Directions: IR DRIVE SOUTH OF CR512 AND NORTH OF US1

Door Features: Sliding Doors

HOA Fee: 0/ Monthly

Home Warranty Y/N: No

Lease Considered Y/N: No

Listing Terms: Cash, New Loan, Other

Lot: 1-3 Acres, Split Possible

Lot Dimensions: 241X288

Parcel#: 31390600020012000001.0

Patio/Porch: Covered, Porch

Pool: Community

Property Attached Y/N: No

Sewer: Connected

Special View Info: Intercoastal, River

Utilities: Cable Available, Electricity Available

Water: Connected, Public

Water Features: Intracoastal Access, River Front

Window: Window Treatments

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Courtesy of

Agency Name: Berkshire Hathaway Florida
Agency Phone: 772-231-1270
Agent Name: Chip Landers

Presented by

Agent Name: The Legacy Group
Agent Phone: 561.282.5207
Agency Title: The Keyes Company

The Legacy Group

keyes.com

Agent Cell:

Office Phone:

561.845.6036

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The Keyes Company is an exclusive member of Forbes Global Properties in Miami-Dade County, Broward County, Palm Beach County, Martin County, Lee County, and Monroe County. Forbes® is a registered trademark used under license.

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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 on this site was last updated 03/03/2026. The listing information on this page last changed on 03/03/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 03/03/2026 12:00:05 AM EST) or Miami MLS (last updated Mon 03/02/2026 11:48:48 PM EST) or Stellar MLS (last updated Mon 03/02/2026 11:44:09 PM EST) or SPC MLS (last updated Mon 03/02/2026 11:20:25 PM EST) or Martin MLS (last updated Mon 03/02/2026 11:38:10 PM EST) or Indian River MLS (last updated Mon 03/02/2026 11:30:22 PM EST) or Daytona MLS (last updated Mon 03/02/2026 11:36:41 PM EST) or Fort Myers (last updated Mon 03/02/2026 11:04:28 PM EST) or Sanibel (last updated Mon 03/02/2026 11:23:27 PM EST) or Tallahassee MLS (last updated Mon 03/02/2026 10:47:52 PM EST) or Northeast Florida MLS (last updated Mon 03/02/2026 11:58:41 PM EST) or Beaches MLS (last updated Mon 03/02/2026 11:55:48 PM EST) or Naples MLS (last updated Mon 03/02/2026 11:40:49 PM EST) or Bonita Springs MLS (last updated Mon 03/02/2026 11:02:39 PM EST) or PBI MLS (last updated Mon 03/02/2026 11:21:29 PM EST) or Florida Keys MLS (last updated Mon 03/02/2026 8:29:04 PM EST). Real estate listings held by brokerage firms other than The Keyes Company may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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