412 Indian River Dr Sebastian, FL 32958

Building Details

Year Built

1969

Listing office Berkshire Hathaway HomeServices Florida Realty c***@chiplanders.com Show Phone

Listing date Mar 11, 2026

Source Elliman

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Investment Insights

Based on property information with market context.

This 1.5-acre riverfront property currently operates as a 17-unit hotel, featuring a dock, pool, pavilion, and laundry facilities. Zoned RM-8, the site allows for up to 10 luxury condominiums. The commercial riverfront zoning also permits various other uses. Alternatively, the property could accommodate an estate-sized single home or be subdivided into three lots. A lift station is in place, and county water is available. Located on South Indian River Drive, the property is situated near parks and restaurants, just inside Sebastian city limits, and is subject to riverfront performance overlay architectural rules.

Key Highlights

• 1.5 Acre Riverfront Location with Dock
• RM‑8 Zoning Allows Up To 10 Luxury Condos
• Commercial Riverfront Zoning Allows Many Uses

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FAQs

What type of property is this?

Hotel - 1.5-acre riverfront property with hotel, development, and subdivision possibilities.

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; RM‑8 Zoning Allows Up To 10 Luxury Condos; Commercial Riverfront Zoning Allows Many Uses