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412 Indian River Drive, Sebastian, FL 32958

$3,495,000
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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

412 Indian River Drive | MLS# 291569

This land located at 412 Indian River Drive, Sebastian, FL 32958 is currently listed for sale with an asking price of $3,495,000. The property has approximately 1.50 Acres. Search Sebastian real estate on tammyhall.watsonrealtycorp.com today.

Contingent
LOT SIZE 1.500 acres SQUARE FEET65,770 MLS#291569
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Property Features

Property Type: Land - Residential
Cooling: Central Air
Heating: Central, Individual
Lot Size: 1.50 Acres
Stories: 1.0
Taxes: $21,521
Square Feet: 65,770

Amenities

Outdoor Shower
Porch

Feature Descriptions

Community Features: Pool, Storm Drain(s), Water Access
Crops Included Y/N: No
Days on Site: 163
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

Listed By / Shown By

Listed By

Agency Name: Berkshire Hathaway Florida
Agency Phone: 772-231-1270

Shown By

Agent Name: Tammy Hall
Agent Phone: (850) 363-2903 Cell
Agency Title: Watson Realty Corp., REALTORS ®

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Estimated Payment

$ 19,666.21 per month $16,853.42 Principal & Interest $1,793.42 Property Tax $1,019.38 Homeowner's Insurance

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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 03/15/2026. The listing information on this page last changed on 03/15/2026. 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 Sun 03/15/2026 12:00:59 AM EST) or GAMLS (last updated Sat 03/14/2026 11:14:54 PM EST) or Stellar MLS (last updated Sat 03/14/2026 11:43:59 PM EST) or SPC MLS (last updated Sat 03/14/2026 11:20:29 PM EST) or Martin MLS (last updated Sat 03/14/2026 11:38:10 PM EST) or Indian River MLS (last updated Sat 03/14/2026 11:30:19 PM EST) or Daytona MLS (last updated Sat 03/14/2026 11:36:48 PM EST) or Northeast Florida MLS (last updated Sat 03/14/2026 11:58:39 PM EST) or Beaches MLS (last updated Sat 03/14/2026 11:55:25 PM EST) or BORMLS (last updated Sat 03/14/2026 11:15:42 PM EST) or Golden Isles MLS (last updated Sat 03/14/2026 11:26:29 PM EST) or Amelia/Nassau MLS (last updated Sat 03/14/2026 11:25:14 PM EST) or Dixie Gilchrist Levy MLS (last updated Sat 03/14/2026 11:42:20 PM EST). Real estate listings held by brokerage firms other than Watson Realty Corp., REALTORS ® 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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