412 Indian River Drive Sebastian FL 32958

Waterfront
Waterfront
Listed By:
Berkshire Hathaway Florida; 772-231-1270
Sold By:
Berkshire Hathaway Florida
Address
412 Indian River Drive, Sebastian, FL
Price
$ 3,495,000
Property Attributes
  • MLS#291569
  • Type
  • Listing Status Active Under Contract
  • CountyIndian River
  • CitySebastian
  • AreaSebastian City
  • NeighborhoodEdgewater
  • Zip32958
  • Style
  • Taxes$ 21521
  • Price$ 3,495,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage65770
  • Lot Size1.5 Acres
Data Source:
REALTORS® Association of Indian River County (RAIRC)
Property Description

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

Price History
10/6/2025 Listed $3,495,000

General Features

Sewer Connected
Heating Central,Individual
Cooling Central Air
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
ModificationTimestamp 2025-11-17T14:20:56.250-00:00
City Sebastian
Association Name NA
MLS Area Sebastian City
Lot Size Units Acres
Standard Status Active Under Contract
PostalCity Sebastian
Legal Description EDGEWATER PARK SUB PBI 1-23 LOTS 1 & 2 & UNNUMBERED LOT BLK12, LESS N 10 FT
AttributionContact 772-231-1270
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
OwnerPays Common Area Maintenance,Electricity,Grounds Care,Insurance,Janitorial Service,Sewer,Taxes,Trash Collection,Water

Interior Features

Furnished Y/N Furnished
Total Stories 1
Air Conditioning Y/N true
Window Features Window Treatments
BuyerOfficeEmail CarolPrezioso@BHHSFloridaRealty.com

Exterior Features

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

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Average in 32958

Price
AVG $1.19M
$3.5M
Taxes
AVG $4,845
$21,521

Areas We Cover