Riverfront 17-Unit
For Sale
Under Contract
$3,495,000
412 Indian River Drive, Sebastian, FL 32958
Land, Sebastian, FL
Property Size65,770 SF
Lot Size1.50 Acres
Price / SF$53.14
Days on Market333
Property Features for 412 Indian River Drive
General Information
Property type
Land
Property subtype
Other
Zoning
,
Zoning description
Commercial, Residential
Patio and Porch features
Porch
Exterior features
OutdoorShower, Porch
Subdivision
Edgewater
Lot features
One To Three Acres, Split Possible
View
River
Elementary school district
Indian River County Schools
Middle school district
Indian River County Schools
High school district
Indian River County Schools
Directions
IR DRIVE SOUTH OF CR512 AND NORTH OF US1
Standard status
Active Under Contract
APN
31390600020012000001.0
Size
65,770 SF
Lot size
1.50 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
EDGEWATER PARK SUB PBI 1-23 LOTS 1 & 2 & UNNUMBERED LOT BLK12, LESS N 10 FT
Tax Annual Amount
21521
Legal Description
EDGEWATER PARK SUB PBI 1-23 LOTS 1 & 2 & UNNUMBERED LOT BLK12, LESS N 10 FT
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Water front features
River Front
Water front
1
Building Details
Floors in Building
1
Listing Agency:
Berkshire Hathaway Florida · Berkshire Hathaway HomeServices
(772) 231-1270
Listed By:
Chip Landers · License #0493976
(772) 473-7888
Added: Oct 1, 2025
Changed: Aug 26
Last Checked: Aug 29 at 2:06AM
MLS# 291569
Copyright © 2026 Realtors Association of Indian River County. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1.5-acre riverfront hospitality property includes an existing 17-unit hotel with a pool, pavilion, laundry facilities, porch, and outdoor shower. The building has central heating and central air conditioning, while public water serves the site. A lift station is already in place, and dock space is available.
Located on Indian River Drive in Sebastian, the property sits within the city limits and near park and restaurant locations. The site is identified for RM-8 use supporting up to 10 luxury condominium units, and the remarks also describe potential for an estate-sized home or subdivision into three lots. Riverfront performance overlay architectural rules apply.
Located on Indian River Drive in Sebastian, the property sits within the city limits and near park and restaurant locations. The site is identified for RM-8 use supporting up to 10 luxury condominium units, and the remarks also describe potential for an estate-sized home or subdivision into three lots. Riverfront performance overlay architectural rules apply.
Key Highlights
- 1.5‑acre riverfront site at 412 Indian River Drive, Sebastian, FL 32958
- Existing 17‑unit hotel with pool, pavilion, and laundry facilities
- RM‑8 use available for up to 10 luxury condominium units
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
366
Businesses Nearby
Explore this area
Business Placement
Demographics for 32958, FL
28,619
Population
15,512
Households
1.8
Avg Household Size
58
Median Age
29%
College-Educated
92%
High-School Grad
27.9 sq mi
ZIP Area
1,026
Density / Sq Mi
$68,276
Median Household Income
$37,412
Median Earnings
$1,388
Median Rent
$279,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Existing hospitality property with river frontage, a pool, pavilion, laundry facilities, and central HVAC.
Where is this hotel located?
The property is located at 412 Indian River Drive Sebastian, FL.
What is the asking price?
The asking price for this property is $3,495,000.
What are key features of this property?
This property features: 1.5‑acre riverfront site at 412 Indian River Drive, Sebastian, FL 32958; Existing 17‑unit hotel with pool, pavilion, and laundry facilities; RM‑8 use available for up to 10 luxury condominium units
