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$1,750,000
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Property Description
Presenting a rare opportunity to acquire a distinctive waterfront property along scenic Indian River Drive overlooking the Fort Pierce Inlet. This unique 1.6-acre property offers a blend of hospitality use, professional use potential, waterfront access, and future development upside in one of the Treasure Coast's most attractive waterfront corridors. The property features a two-story freestanding building totaling 4,154± SF, currently operating as a 5-unit bed and breakfast, while also offering a layout well suited for a professional office, boutique commercial use, or a conversion to a variety of business operations. Complementing the main building is a detached 1,506± SF studio apartment located toward the rear of the property. Adding further value, an estimated 0.80± acre vacant section
Full Property Details
Full Property Details for 515 S Indian River Dr
General
- Price: $1,750,000
- Taxes: $25,838 (2025)
- Status: Active
- Type: Single Family
- Source: Regional
- MLS ID: B26006623
- Updated: 3/26/2026
- Added to Site: 9 day(s) ago
Interior
- Number of Rooms: 3
- Interior Features: Other
- Flooring: Other
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Main Floor Baths: 2
Bedrooms
- Total Bedrooms: 5
- Bedrooms Main: 5
Parking
- Total Spaces: 5
- Parking Features: Open
Location
- County: St Lucie
- Subdivision: ANDREWS & RICHARDS RESUBDIVISION (EAST)
- Direction Faces: East
Community
- Community Name: 7110
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Other
- Heating Type: Other
Utilities
- Sewer: Public Sewer, Private Sewer, Septic Tank
- Water: Public, Other, Well
- Well: Yes
- Utility Description: Other
Structural Information
- Structure Type: House
- Roof: Other
- Stories/Levels: 2
- Building Size: 4154
- Square Feet: 3,272
- Sq. Ft. Source: Other
- Living Area: 3,272 Sq. Ft.
- Year Built: 1900
- Property Condition: Resale
Lot Features
- Property View: River
- Lot Size (Acres): 1.6
- Zoning: Office Co
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Ocean Access, River Front
- Water Front View: Ocean Access, River Front
Financial Considerations
- Assessment Amount: $1,054,500
- Tax Amount: $25,838.4
- Tax Year: 2025
- Terms: Cash, Conventional, 1031 Exchange, FHA
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: ANDREWS AND RICHARDS S/D THAT PART OF LOT 1 LYG E OF S 2 ST AND BEG ON E LI OF S 2 ST 8 FT S OF N LI OF LOT 2, RUN NELY 95.70 FT TO N LI, TH
- Property ID: 241081000010009
Listed by LYNQ Real Estate
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Schools
Schools serving 515 S Indian River Dr
School District:St. Lucie County School District
| Name | Grades | Distance |
|---|---|---|
St. Lucie Elementary School 2020 South 13th Street, Fort Pierce, FL 34950 | PK-5 | 1.3 mi |
Lawnwood Elementary School 1900 South 23rd Street, Fort Pierce, FL 34950 | PK-5 | 1.8 mi |
Chester A. Moore Elementary School 827 North 29th Street, Fort Pierce, FL 34947 | PK-5 | 2.2 mi |
Dan Mccarty School 1201 Mississippi Avenue, Fort Pierce, FL 34950 | 6-8 | 1.1 mi |
Forest Grove Middle School 3201 South 25th Street, Fort Pierce, FL 34981 | 6-8 | 3.1 mi |
Fort Pierce Westwood High School 1801 Panther Lane, Fort Pierce, FL 34947 | 9-12 | 3.5 mi |
Weatherbee Elementary School 800 East Weatherbee Road, Fort Pierce, FL 34982 | PK-5 | 4.1 mi |
White City Elementary School 905 West 2nd Street, Fort Pierce, FL 34982 | PK-5 | 5 mi |
Parkway Elementary School, Port St. Lucie, FL 7000 Nw Selvitz Rd, Port St. Lucie, FL 34983 | PK-5 | 7.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 515 S Indian River Dr
Date
Details
Price
Change
Source
3/26/2026
Price Reduced
$1,750,000
-5.41%
MLS
3/25/2026
Listed
$1,850,000
131.25%
MLS
12/14/2016
Sold
$800,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 515 S Indian River Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$25,930
—
$1,054,500
—
2024
$25,930
-2%
$1,059,400
-1%
2023
$26,397
—
$1,069,200
—
2022
$26,501
6%
$1,066,300
9%
2021
$24,984
—
$974,700
—
2021
$24,984
—
$976,600
—
2018
$24,971
-3%
$980,200
—
2019
$25,738
239%
$978,400
240%
2017
$7,588
197%
$287,600
-1%
2016
$2,556
-63%
$291,300
14%
2015
$6,906
7%
$254,600
4%
2014
$6,483
-33%
$244,700
-34%
2013
$9,739
—
$371,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 515 S Indian River Dr
515 S Indian River Drive, Fort Pierce, FL 34950 (MLS# B26006623) is a Single Family property with 5 bedrooms and 2 full bathrooms. 515 S Indian River Drive is currently listed for $1,750,000 and was received on March 25, 2026. Want to learn more about 515 S Indian River Drive? Do you have questions about finding other Single Family real estate for sale in Fort Pierce? You can browse all Fort Pierce real estate or contact a Coldwell Banker agent to request more information.

