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Street
Land for Sale in Sebastian, Florida
412 Indian River Dr, Sebastian, FL 32958
$3,495,000
1.5 acres
pending
Under contract
UNDER CONTRACT, BACKUPS ENCOURAGE. WHAT A VIEW! 1.5 ACRE RIVERFRONT LOCATION. RM-8 USE AVAILABLE FOR UP TO 10 LUXURY CONDOS. CURRENT USE AS MOM AND POP HOTEL WITH 17 UNITS, POOL, PAVILION AND LAUNDRY. ALSO POSSIBLE FOR ESTATE SIZE LOT SINGLE HOME OR SUBDIVIDE INTO 3 LOTS. DOCK SPACE AVAILABLE AS WELL. LIFT STATION IN PLACE WITH COUNTY WATER. SOUTH INDIAN RIVER DRIVE LOCATION WITHIN PARK AND RESTAURANT LOCATIONS. JUST INSIDE SEBASTIAN CITY LIMITS WITH RIVERFRONT PERFORMANCE OVERLAY ARCHITECTURAL RULES. ALSO LISTED AS COMMERCIAL ML#291953
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Sq feet
Location
- Street address
- 412 Indian River Dr
- County
- Indian River County
- Community
- Edgewater
- School district
- Indian River County Schools
- Elevation
- 2 feet
Directions
IR DRIVE SOUTH OF CR512 AND NORTH OF US1
Property details
- Acreage
- 1.5 acres
- MLS #
- RAIRC 291569
- Posted
Property taxes
- 2024
- $21,521 - EDGEWATER PARK SUB PBI 1-23 LOTS 1 & 2 & UNNUMBERED LOT BLK12, LESS N 10 FT
Parcels
- 31390600020012000001.0
Legal description
EDGEWATER PARK SUB PBI 1-23 LOTS 1 & 2 & UNNUMBERED LOT BLK12, LESS N 10 FT
Details and features
Listing
- Type
- Land
- Franchise
- Berkshire Hathaway Home Services
Lot
- View
- River
- Waterfront
- River Front
- Features
- One to Three Acres, Split Possible
Exterior
- Pool
- Porch
- Features
- Outdoor Shower
Structure
- Stories
- 1
- Water
- Public
- Heating
- Central
- Cooling
- Central Air
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Nov 17, 2025 | Under contract | $3,495,000 | — | RAIRC |
| Oct 3, 2025 | New listing | $3,495,000 | — | RAIRC |
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