$1,995,000
Sebastian, FL 32958
MLS# B26055496
1 / 21
Property Description
Rare redevelopment opportunity in Sebastian's riverfront district. Offered together, 1104 US Highway 1 and 1026 Indian River Drive combine approximately 1.57 acres with dual frontage. Features include RM-8 zoning, public water and sewer, an irrigation well, Intracoastal proximity and major-corridor exposure. Existing improvements include 1-bedroom/1-bath and 2-bedroom/2-bath units, offering rental income or possible sales-center/office use during planning, permitting and development, subject to approvals. Value is primarily in the land and redevelopment potential. Buyer to verify zoning, uses, measurements, utilities and feasibility. Adjacent property is not included and may be available separately; listing agent can provide details.
Details
Maps
Contract Information
Comp Sale YN: No
Negotiable Seller Concessions YN: No
Seller Represented YN: No
LP/Acre: 1270700.64
Listing Date: 2026-07-20
Status: Active
Original List Price: 1995000
List Price: $1,995,000
Current Price: $1,995,000
Listing Service: Full Service
Location and Legal
County Or Parish: Indian River
Municipality Type: Incorporated
Geographic Area: INRV - Indian River
Subdivision Number: 60000
Flood Zone: X
County Land Use: 01
Country: United States
Street Number: 1026
Street Name: Indian River
Street Suffix: Drive
State Or Province: FL
Postal Code: 32958
Postal Code +4: 4134
Subdivision Name: BRADDOCKS SUBDIVISION REPLAT LOTS 10 TO 18
Area: 6351 - Sebastian (IR)
Elementary School: Sebastian
Middle Or Junior School: Sebastian River
High School: Sebastian River
Parcel Number: 313906000000050000211
Zoning: RM-8
General Property Information
Transaction Type: Listing For Sale
Number Of Lots: 2
Property Description: SINGLE FAMILY
LP/Assessed Value: 3.5
LP/SqFt: 29.17
Property Sub Type: Unimproved Land
Lot Size Acres: 1.57
Lot Size Square Feet: 68389.2
Additional Parcels YN: 1
Additional Parcels Description: 31390600009000000003.0
Direction Faces: East
Financial Information
Master Association YN: No
Estimated Monthly Assoc Recurring Fee: 0
Membership Fee Required YN: No
Tax Assessed/SOH Value: 570472
Assessor Market Value: 570472
Tax Year: 2025
Tax Annual Amount: 10378.52
Tax Legal Description: SEC 6 TWP 31 RNG 39 GOVT LOT 5 MORE FULLY DESC AS BEG AT THE INTERSEC OF THE S LINE OF GOVT LOT 5 AND SEC 6 AND THE E ROW OF US HWY 1 AS IT
Office/Member Information
DXORIGMLSID: RML
Status Change Information
Back on Market Date: 2026-07-30
Major Change Timestamp: 2026-07-30T22:18:14Z
Major Change Type: New Listing
Status Change Date: 2026-07-30
Special Listing Conditions
Standard: 1
Documents Available
Aerial: 1
Survey: 1
Current Use
Check Land Use Plan: 1
Residential: 1
Single Family: 1
Unimproved: 1
Deed Restrictions
None: 1
Development Status
Raw Land: 1
Environmental Audit
None: 1
Irrigation Source
Well: 1
Location of Property
City Location: 1
Other Structures
None: 1
Possession
Close Of Escrow: 1
Possible Use
Single Family: 1
Sewer
Public Sewer: 1
Trees
Partial Tree Coverage: 1
Utilities
Electricity Available: 1
Sewer Available: 1
Water Available: 1
Water View
River: 1
Listing Terms
Cash: 1
Conventional: 1
Road Frontage Type
East of US-1: 1
Road Surface Type
Paved: 1
Water Source
Public: 1
Well: 1
Showing Requirements
Call Listing Agent: 1
Sign On Property: 1
Text Listing Agent: 1
Traffic Type
Auto: 1
Pedestrian: 1
Heavy: 1
Tax Information
City/County: 1
Elevation Description
0-5 Feet Above Sea Level: 1
Acreage Description
1 To Less Than 2 Acre Lot: 1
Originating Details
Originating System Key: 20260722231122680873000000
Originating System ID: M00000170
Property Features
Current Use: Check Land Use Plan; Residential; Single Family; Unimproved
Deed Restrictions: None
Development Status: Raw Land
Documents Available: Aerial; Survey
Environmental Audit: None
Irrigation Source: Well
Location of Property: City Location
Other Structures: None
Possession: Close Of Escrow
Possible Use: Single Family
Sewer: Public Sewer
Special Listing Conditions: Standard
Trees: Partial Tree Coverage
Utilities: Electricity Available; Sewer Available; Water Available
Listing Terms: Cash; Conventional
Road Frontage Type: East of US-1
Road Surface Type: Paved
Traffic Type: Auto; Pedestrian; Heavy
Tax Information: City/County
Water Source: Public; Well
Water View: River
Showing Requirements: Call Listing Agent; Sign On Property; Text Listing Agent
Elevation Description: 0-5 Feet Above Sea Level
Acreage Description: 1 To Less Than 2 Acre Lot
Supplements
This offering combines two strategically positioned parcels extending between US Highway 1 and Indian River Drive. The $1,995,000 price includes both 1104 US Highway 1 and 1026 Indian River Drive. The site totals approximately 1.57 acres and offers dual frontage, RM-8 zoning, public water and sewer, an existing irrigation well, river views, and Intracoastal proximity.. Existing structures convey with the property; the offering is marketed primarily for its land and redevelopment potential. 1016 Indian River Drive is not included and may be available separately. Buyer must perform independent due diligence regarding zoning, land use, acreage, utilities, access, flood designation, permitted uses and development feasibility. CONCEPTUAL IMAGE DISCLOSURE: Any conceptual renderings are for illustrative purposes only and do not depict existing improvements or governmental approvals.
Listing Office: The Core Team Co
Last Updated: July - 30 - 2026
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