412 Indian River Drive Sebastian, FL ^$ 3,495,000

412 Indian River Drive

^$ 3,495,000

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412 Indian River Drive

Sebastian, FL, 32958

^$ 3,495,000

Studio Baths0.0 Sq 65,770

Monthly Estimate*

^$ 21,804

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Studio

Lots and Land for sale in Sebastian, FL

for $3,495,000. This 65,770 square foot property was built on a lot size of 1.5.

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

Lots and Land Contingent

Price

^$ 3,495,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 21,521

Style

Lot Size

1.5

Town/City

Sebastian

County/Region

Indian River

MLS | Web ID

291569

Features

General

Sewer Connected

Heating Central Individual

Cooling Central Air

HOA Fee 0

Patio/Porch Features Covered Porch

Pool Features Community

View Intercoastal River

Stories Count 1

Levels One

Parcel Number 31390600020012000001.0

Waterfront Features Intracoastal Access River Front

County Indian River

Property Type Land

Subdivision Name Edgewater

Status Active Under Contract

Directions IR DRIVE SOUTH OF CR512 AND NORTH OF US1

City Sebastian

Association Name NA

MLS Area Sebastian City

Lot Size Units Acres

Standard Status Active Under Contract

Legal Description EDGEWATER PARK SUB PBI 1-23 LOTS 1 & 2 & UNNUMBERED LOT BLK12 LESS N 10 FT

Tax Year 2024

Community Features Pool Storm Drain(s) Water Access

Zoning Description Commercial Residential

Tax Annual Amount 21521

Tax Assessed Value 1156925

Tax Lot 1

Utilities Cable Available Electricity Available

Current Use Commercial

Possible Use Residential

Lot Size Square Feet 65770

Interior

Furnished Y/N Furnished

Total Stories 1

Air Conditioning Y/N true

Window Features Window Treatments

Exterior

Exterior Amenities Outdoor Shower Porch

Water Source Connected Public

Waterfront Y/N true

Lot Features 1-3 Acres Split Possible

Door Features Sliding Doors

Road Surface Type Paved

Lot Size Area 1.5

Lot Size Acres 1.5

Number of Lots 1

Lot Dimensions 241X288

* Excluded Features

List By

Berkshire Hathaway Florida

Broker

772-231-1270

Contact

Affordability Calculator

$23,598

Per Month

Monthly Principal & Interest: $21,804
Monthly Property Taxes: $1,793
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Lots and land listings in Sebastian, FL

Average List Price ^$952,598

Percent of Sale Price 73%

About Sebastian, FL

24,404 Population

48% Since 2002

^$47,434 Median Income

51.51 Median Age

17% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

0 Elementary School

0 Middle School

Unknown High School High School

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Pricing History

Date	Price	Price Change	Description
10/6/2025	$3,495,000		Listed Price

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412 Indian River Drive, Sebastian, FL, 32958 is a Lots and Land for sale at $3,495,000 with 65,770 sqft and a lot size of 1.5. 412 Indian River Drive is a studio with 0.0 baths. The property's zip code is 32958 which is in Sebastian, FL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 12/8/2025.

The data relating to real estate on this web site comes in part from a cooperative program of the Realtors Association of Indian River County, Inc. MLS. Detailed information on Real estate listings held by firms other than Weichert Realtors includes the Listing Broker’s Firm Name.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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412 Indian River Drive

Lots and Land for sale in Sebastian, FL

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