Pending

Price cut: $2 (6/29)

$648,885

12001 S Indian River Dr, Jensen Beach, FL 34957

4beds

2,126sqft

$4,232/mo

Get pre-qualified

Single Family Residence

Built in 1972

0.67 Acres Lot

$615,000 Zestimate^®

$305/sqft

$-- HOA

What's special

Two-car garageDecent-sized bedroomsBeautiful water views

Welcome to 29 Palms Home. Rehab opportunity. Cash only. CBS (concrete block) construction. Spacious home with a very functional layout. Decent-sized bedrooms, including a primary suite with enclosed bathroom and walk-in closet on the north side of the home. Living area, kitchen, and family room face the bay on the south side, offering beautiful water views. Two-car garage. The property sits on 0.66 acre and includes riparian rights to build a dock, plus ownership of a portion of the land extending into the bay. The house requires a complete rehab, including roof, interior, and exterior work, but the view is one of the best on Indian River Drive (IRD). Located only 10 minutes from the beach/ocean and 8 minutes from downtown Jensen Beach. Could be the right project for someone looking for a fun renovation with substantial upside potential. Video: https://youtu.be/Tp_ZabmFycw

80 days

136

3

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Heating

Central

Cooling

Central Air, Ceiling Fan(s)

Interior area

Total structure area: 2,764
Total interior livable area: 2,126 sqft

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 2
Covered spaces: 2

Features

Stories: 1
On waterfront: Yes
Waterfront features: Bayfront, Lagoon, No Fixed Bridges, Ocean Access

Lot

Size: 0.67 Acres

Details

Parcel number: 450460100010001

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional
Property subtype: Single Family Residence

Materials

Block, Concrete
Roof: Composition,Shingle

Condition

Resale,Fixer
Year built: 1972

Utilities & green energy

Electric: 3 Phase
Utilities for property: Electricity Connected

Community & HOA

Community

Features: Non-Gated, None
Subdivision: BEAUTIFUL INDIAN RIVER DRIVE OCEAN BAY

HOA

Has HOA: No
Services included: None

Location

Region: Jensen Beach

Financial & listing details

Price per square foot: $305/sqft
Tax assessed value: $718,400
Annual tax amount: $14,224
Date on market: 5/27/2026
Cumulative days on market: 64 days
Listing terms: Cash
Ownership: Fee Simple
Electric utility on property: Yes

Estimated market value

$615,000

$584,000 - $646,000

$2,842/mo

Price history

Date	Event	Price
7/1/2026	Pending sale	$648,885$305/sqft
Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20055787 Report a problem
6/29/2026	Price change	$648,8850%$305/sqft
Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20055787 Report a problem
6/22/2026	Price change	$648,8870%$305/sqft
Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20055787 Report a problem
6/8/2026	Price change	$648,8880%$305/sqft
Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20055787 Report a problem
5/27/2026	Listed for sale	$649,000+555.6%$305/sqft
Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20055787 Report a problem
6/1/1985	Sold	$99,000$47/sqft
Source: Agent Provided Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$14,224 +8.4%	$718,400 +7.8%
2024	$13,125 -2.5%	$666,200 -1.4%
2023	$13,458 +4.4%	$675,600 +4.6%
2022	$12,886 +247.1%	$646,000 +206%
2021	$3,713 +0.4%	$211,080 +1.4%
2020	$3,696	$208,166 +2.3%
2019	$3,696 +1.4%	$203,486 +1.9%
2018	$3,644	$199,692 -24.4%
2017	--	$264,200 +0.3%
2016	--	$263,400 +6.9%
2015	--	$246,500 +30.6%
2014	--	$188,722 +1.5%
2013	--	$185,933 +1.7%
2012	--	$182,825 +3%
2011	--	$177,500 +1.5%
2010	--	$174,877 +2.7%
2009	--	$170,279 +0.1%
2008	--	$170,109 +3%
2007	--	$165,154 +2.5%
2006	--	$161,126 +12.7%
2005	--	$142,927 -5.9%
2004	--	$151,877
2003	--	--
2002	--	--
2001	--	--
2000	--	--