Riverfront Hotel with
For Sale
Under Contract
$3,495,000
412 Indian River Drive, Sebastian, FL 32958
CommercialSale, Sebastian, FL
Property SizeContact for details
Lot Size1.50 Acres
Days on Market318
Property Features for 412 Indian River Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
,
Zoning description
Commercial, Residential
Parking
19
Subdivision
Edgewater
Lot features
One To Three Acres
Directions
IR DRIVE SOUTH OF CR512 AND NORTH OF US1 CUTOFF TO IR DRIVE
Standard status
Active Under Contract
APN
31390600020012000001.0
Lot size
1.50 Acres
Taxes and HOA fees
Tax Description
EDGEWATER PARK SUB PBI 1-23 LOTS 1 & 2 & UNNUMBERED LOT BLK12, LESS N 10 FT
Legal Description
EDGEWATER PARK SUB PBI 1-23 LOTS 1 & 2 & UNNUMBERED LOT BLK12, LESS N 10 FT
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Water front
1
Building Details
Year built
1969
Floors in Building
1
Flooring type
Terrazzo
Building materials
Block, Frame, Concrete, Stucco
Roof type
Shingle
Listing Agency:
Berkshire Hathaway Florida · Berkshire Hathaway HomeServices
(772) 231-1270
Listed By:
Chip Landers · License #0493976
(772) 473-7888
Added: Oct 16, 2025
Changed: Aug 21
Last Checked: Aug 29 at 1:06AM
MLS# 291953
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 riverfront hotel property occupies 1.5 acres and includes 17 units, a dock, pool, pavilion, and laundry area. The improvements date to 1969 and feature block, frame, concrete, and stucco construction, terrazzo flooring, shingle roofing, central air, and electric heating. A lift station is in place, and the property receives public water service.
The property is located on Indian River Drive within the city limits of Sebastian. Nearby context includes a park and restaurants, while the riverfront setting provides direct waterfront character. The site is also associated with riverfront performance overlay architectural rules and has been presented with potential for hotel use, residential development, an estate-size home, or subdivision into 3 lots, subject to applicable requirements.
The property is located on Indian River Drive within the city limits of Sebastian. Nearby context includes a park and restaurants, while the riverfront setting provides direct waterfront character. The site is also associated with riverfront performance overlay architectural rules and has been presented with potential for hotel use, residential development, an estate-size home, or subdivision into 3 lots, subject to applicable requirements.
Key Highlights
- 1.5‑acre riverfront property on Indian River Drive
- Existing hotel configuration with 17 units
- Includes dock, pool, pavilion, and laundry facilities
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Hotel - Lodging property with a pool, pavilion, laundry facilities, and public water service.
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 property on Indian River Drive; Existing hotel configuration with 17 units; Includes dock, pool, pavilion, and laundry facilities
