Riverfront Land with Development
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 Market303
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: Apr 30
Last Checked: Jul 30 at 5:06PM
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 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
Current Use
Location Intelligence
Trade Area within ½ mile
610
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 - 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
