515 S Indian River Drive, Fort Pierce, FL, 34950
About This Home
Rare waterfront opportunity on Indian River Drive overlooking Fort Pierce Inlet. Set on 1.6 acres, this property with renovations that a near completion includes a ±4,154 SF two-story lodging building with multiple guest rooms and common areas, plus a detached ±1,506 SF studio ideal for an owner or additional accommodations. The property features a dock with direct water access and includes an extra ±0.80-acre parcel for potential expansion (subject to approvals). Minutes from downtown Fort Pierce, with easy access to US1, I-95, and the Turnpike.
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1900
Materials
- Roof: Other
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 6
- Main level bathrooms: 2
- Main level bedrooms: 5
Features
- Other
- Flooring: Other
Heating & Cooling
- Heating features: Other
- Cooling features: Other
Interior Area
- Total structure area: 4,154
- Total interior livable area: 3,272 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 241081000010009
- Zoning: Office Co
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Has view: Yes
- View description: River
- Has water view: Yes
- Water view: River
- On waterfront: Yes
- Waterfront features: Ocean Access,River Front
Lot
- Lot size: 1.60 Acres
- Features: 1-2 Acres
Parking
- Total spaces: 5
- Parking features: Open
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Lightning
- Strong Wind
- Tornado
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in St. Lucie County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $8,848 | $106,176 |
| Home Insurance * | $1,516 | $18,192 |
| Property Taxes | $3,527 | $42,324 |
| Electricity | $329 | $3,951 |
| Total | $14,220 | $170,640 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-26 | Price change | $1,750,000 |
| 2026-03-25 | Listed for sale | $1,850,000 |
| 2014-09-04 | Sold | $320,000 |
| 2003-11-21 | Sold | $370,000 |
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