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Riverfront Land with Development Potential

412 Indian River Drive Sebastian, FL 32958

Claim this Listing
For Sale
Under Contract
$3,495,000

LAND - Sebastian, FL

Property size:
65,770 SF
Lot size:
1.50 Acres
Price / SF:
$53.14/SF
Added:
Oct 1, 2025
Days on Market:
287
Last Refresh:
Jul 14 at 11:06 am

Property Features for 412 Indian River Drive

General Information

Property type
Land
Property subtype
Other
Zoning
,
Patio and Porch features
Porch
Exterior features
OutdoorShower, Porch
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

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 agent Chip Landers License #0493976

Listing office Berkshire Hathaway Florida 3377 Ocean Dr, Vero Beach, FL

Listing date Oct 1, 2025

MLS# 291569 Listing URL

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 property is located just inside Sebastian city limits on South Indian River Drive, offering proximity to parks and restaurants. It is currently under contract, but backup offers are encouraged. The site has RM-8 zoning, allowing for up to 10 luxury condos, and is situated within a Riverfront Performance Overlay with architectural rules. The existing improvements include a 17-unit mom-and-pop hotel with a pool, pavilion, and laundry facilities. Alternative development options include an estate-sized single-family lot or subdivision into three lots. Dock space is available. The property features a lift station and county water. The site's location offers views and potential for various development projects.

Key Highlights

  • 1.5 acre riverfront location with dock space available
  • RM‑8 zoning allows up to 10 luxury condos
  • Existing 17‑unit hotel with pool and laundry

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Freedom Boat Club ... Boat Club Sportsman's Lodge & Marina Hotel & Motel

Suggested Use

Pharmacy Big Box & Wholesale Store Dental Office Storage Facility Building Supply Grocery & Convenience Store Law Firm Computer & Electronic Repair Hair Salon Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Hotel - 1.5-acre riverfront property suitable for condos, hotel, or estate.
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 location with dock space available; RM‑8 zoning allows up to 10 luxury condos; Existing 17‑unit hotel with pool and laundry
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