Riverfront Hotel
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 Market358
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: Sep 16
Last Checked: Sep 23 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 at 412 Indian River Drive includes a 65,770-square-foot site with an existing 17-unit hotel, pool, pavilion, and laundry facilities. The improvements include central heating and central air conditioning, along with a porch and outdoor shower. A lift station is in place, and the property receives water from the public system.
The Sebastian location sits just inside the city limits along South Indian River Drive. Dock space is available, adding direct waterfront functionality to the site. The property is subject to riverfront performance overlay architectural rules, and RM-8 use is identified for up to 10 luxury condominiums. Other stated development possibilities include an estate-sized single residence or subdivision into 3 lots.
The Sebastian location sits just inside the city limits along South Indian River Drive. Dock space is available, adding direct waterfront functionality to the site. The property is subject to riverfront performance overlay architectural rules, and RM-8 use is identified for up to 10 luxury condominiums. Other stated development possibilities include an estate-sized single residence or subdivision into 3 lots.
Key Highlights
- 1.5‑acre riverfront site with 65,770 square feet of property size
- Existing hotel with 17 units, pool, pavilion, and laundry facilities
- RM‑8 use available for up to 10 luxury condominiums
Property Analytics
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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
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Frequently Asked Questions
What type of property is this?
Hotel - Seventeen-unit lodging property with a pool, pavilion, laundry facilities, dock space, 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 site with 65,770 square feet of property size; Existing hotel with 17 units, pool, pavilion, and laundry facilities; RM‑8 use available for up to 10 luxury condominiums
