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412 Indian River Drive
Sebastian, FL
Listing Details
- $3,495,000
- MLS# 291569
- Type Land - Residential
- Status Active Under Contract
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
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Luxury Homes Specialist
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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated 05/06/2026. The listing information on this page last changed on 05/06/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 05/06/2026 12:02:17 AM EST) or Miami MLS (last updated Tue 05/05/2026 11:58:32 PM EST) or Stellar MLS (last updated Tue 05/05/2026 11:44:08 PM EST) or SPC MLS (last updated Tue 05/05/2026 11:20:29 PM EST) or Martin MLS (last updated Tue 05/05/2026 11:38:08 PM EST) or Indian River MLS (last updated Tue 05/05/2026 11:30:16 PM EST) or Northeast Florida MLS (last updated Tue 05/05/2026 11:58:55 PM EST) or Beaches MLS (last updated Tue 05/05/2026 11:56:23 PM EST) or Naples MLS (last updated Tue 05/05/2026 11:40:22 PM EST) or PBI MLS (last updated Tue 05/05/2026 11:21:37 PM EST) or Florida Keys MLS (last updated Tue 05/05/2026 8:31:05 PM EST). Real estate listings held by brokerage firms other than Illustrated Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated 05/06/2026. The listing information on this page last changed on 05/06/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 05/06/2026 12:02:17 AM EST) or Miami MLS (last updated Tue 05/05/2026 11:58:32 PM EST) or Stellar MLS (last updated Tue 05/05/2026 11:44:08 PM EST) or SPC MLS (last updated Tue 05/05/2026 11:20:29 PM EST) or Martin MLS (last updated Tue 05/05/2026 11:38:08 PM EST) or Indian River MLS (last updated Tue 05/05/2026 11:30:16 PM EST) or Northeast Florida MLS (last updated Tue 05/05/2026 11:58:55 PM EST) or Beaches MLS (last updated Tue 05/05/2026 11:56:23 PM EST) or Naples MLS (last updated Tue 05/05/2026 11:40:22 PM EST) or PBI MLS (last updated Tue 05/05/2026 11:21:37 PM EST) or Florida Keys MLS (last updated Tue 05/05/2026 8:31:05 PM EST). Real estate listings held by brokerage firms other than Illustrated Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
Privacy Policy / DMCA Notice / ADA Accessibility
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All Property Features
- Property Type: Land - Residential
- Community Features: Pool, Storm Drain(s), Water Access
- Cooling: Central Air
- Crops Included Y/N: No
- Days on Site: 215
- Directions: IR DRIVE SOUTH OF CR512 AND NORTH OF US1
- Door Features: Sliding Doors
- Exterior Features: Outdoor Shower, Porch
- Heating: Central, Individual
- HOA Fee: 0/ Monthly
- Home Warranty Y/N: No
- Lease Considered Y/N: No
- Listing Terms: Cash, New Loan, Other
- Lot Description: 1-3 Acres, Split Possible
- Lot Dimensions: 241X288
- Lot Size: 1.50 Acres
- Parcel#: 31390600020012000001.0
- Patio/Porch: Covered, Porch
- Pool: Community
- Property Attached Y/N: No
- Sewer: Connected
- Special View Info: Intercoastal, River
- Stories: 1.0
- Taxes: $21,521
- Utilities: Cable Available, Electricity Available
- Water: Connected, Public
- Water Features: Intracoastal Access, River Front
- Window: Window Treatments