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    412 Indian River Dr Sebastian, FL 32958

    Under Contract
    For Sale
    $3,495,000

    LAND - Sebastian, FL

    Property size:
    65,770 SF
    Lot size:
    1.50 Acres
    Days on Market:
    20
    Last Refresh:
    Dec 6 at 6:06 pm

    Property Features for 412 Indian River Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    ,
    APN
    31390600020012000001.0
    Patio and Porch features
    Porch
    Exterior features
    OutdoorShower, Porch
    Size
    65,770 SF
    Lot size
    1.50 Acres

    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

    Berkshire Hathaway HomeServices Florida Realty (954) 693-0193 [email protected]

    Listing agent Chip Landers (772) 231-1270 License #0493976

    Listing date Nov 17, 2025

    MLS# 291569 Listing URL

    Copyright © 2025 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.

    Overview

    Riverfront Land with Development Potential

    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

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

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Sebastian
    County
    Brevard
    State
    Florida
    Longitude
    -80.462983
    Latitude
    27.807535

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    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 Dr 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
    (772) 231-1270
    Request Owner's contact information
    412 Indian River Dr Sebastian, FL 32958
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    Sebastian, FL 32958
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    412 Indian River Dr Sebastian, FL 32958
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