UNDER CONTRACT, BACKUPS ENCOURAGE. WHAT A VIEW! 1.5 ACRE

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Lot Active Under Contract

412 Indian River Drive

Sebastian, Florida 32958

Indian River County

Waterfront: Yes

Community: Edgewater

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$3,495,000 1.500 acres

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

  • Lot Size: 1.500 acre
  • Lot Dimensions: 
  • Waterfront: Yes
  • View Types: River
  • Property Taxes: $21,521
  • MLS #: 291569
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Contact Information:
Beach Lot Active Under Contract in Sebastian, Florida
Listing Agent: Chip Landers, Berkshire Hathaway HomeServices Florida Realty, 772-473-7888, 772-231-1270 Listing Site, Listing Status: Active Under Contract
Copyright © 2025 Realtors Association of Indian River County. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 6688698
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Updated: Oct 18, 2025

This property is a Lot located at 412 Indian River Drive, Sebastian, Florida 32958, and is currently Active Under Contract at $3,495,000.