About 412 Indian River Drive, Sebastian, Florida, 32958

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

Utilities : CableAvailable, ElectricityAvailable

Water Source : Connected, Public

Sewer System : Connected

Community Features : Pool, StormDrains, WaterAccess

Association Fee : 0

Exterior Features : OutdoorShower, Porch

Lot Features : OneToThreeAcres, SplitPossible

Road Surface Type : Paved

Waterfront : Yes.

Waterfront Features : IntracoastalAccess, RiverFront

Possible Use : Residential

Current Use : Commercial

Zoning : ,

Zoning Description : Commercial, Residential

Pool Features : Community

Heating : Central, Individual

Cooling : Yes.

Cooling : CentralAir

Door Features : SlidingDoors

Window Features : WindowTreatments

Utilities : CableAvailable, ElectricityAvailable

Water Source : Connected, Public

Sewer System : Connected

Community Features : Pool, StormDrains, WaterAccess

Association Fee : 0

Exterior Features : OutdoorShower, Porch

Lot Features : OneToThreeAcres, SplitPossible

Road Surface Type : Paved

Waterfront : Yes.

Waterfront Features : IntracoastalAccess, RiverFront

Possible Use : Residential

Current Use : Commercial

Zoning : ,

Zoning Description : Commercial, Residential

Pool Features : Community

Heating : Central, Individual

Cooling : Yes.

Cooling : CentralAir

Door Features : SlidingDoors

Window Features : WindowTreatments

Street Address: 412 Indian River Drive

City: Sebastian

State: Florida

Postal Code: 32958

County: Indian River

Directions: IR DRIVE SOUTH OF CR512 AND NORTH OF US1

Property Information :

Listing Status: Active

Size: 65,770 Sqft

Lot Size: 1.50 Acres

MLS #: 291569

Price: $3,495,000

Tax Amount: 21521

Last Modified : Nov 17 2025 2:45PM

Amenities :

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Courtesy of: Chip Landers, Berkshire Hathaway Florida (MLS# 0050)

Source MLS: RAIRCMLS