$1,995,000
1026 Indian River Drive
Sebastian, FL 32958
MLS# B26055496



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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
Listing Date: 2026-07-20
Status: Active
Original List Price: 1995000
List Price: $1,995,000
Current Price: $1,995,000
Negotiable Seller Concessions YN: No
Listing Service: Full Service
Seller Represented YN: No
LP/Acre: 1270700.64
Location and Legal
Country: United States
County Or Parish: Indian River
Street Number: 1026
Street Name: Indian River
Street Suffix: Drive
Municipality Type: Incorporated
State Or Province: FL
Postal Code: 32958
Postal Code +4: 4134
Subdivision Name: BRADDOCKS SUBDIVISION REPLAT LOTS 10 TO 18
Area: 6351 - Sebastian (IR)
Geographic Area: INRV - Indian River
Elementary School: Sebastian
Middle Or Junior School: Sebastian River
High School: Sebastian River
Parcel Number: 313906000000050000211
Subdivision Number: 60000
Zoning: RM-8
Flood Zone: X
County Land Use: 01
General Property Information
Transaction Type: Listing For Sale
Property Sub Type: Unimproved Land
Number Of Lots: 2
Lot Size Acres: 1.57
Lot Size Square Feet: 68389.2
Additional Parcels YN: 1
Additional Parcels Description: 31390600009000000003.0
Property Description: SINGLE FAMILY
Direction Faces: East
LP/Assessed Value: 3.5
LP/SqFt: 29.17
Financial Information
Master Association YN: No
Membership Fee Required YN: No
Tax Year: 2025
Tax Annual Amount: 10378.52
Tax Assessed/SOH Value: 570472
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
Assessor Market Value: 570472
Status Change Information
Major Change Timestamp: 2026-07-30T22:18:14Z
Major Change Type: New Listing
Status Change Date: 2026-07-30
Back on Market Date: 2026-07-30
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
The existing improvements comprise four residential units, offering potential flexibility during a buyer's planning and evaluation period. The unit mix includes a 2-bedroom/2-bath residence and a 1-bedroom/1-bath residence at 1026 Indian River Drive, together with a 1-bedroom/1-bath residence and studio at 1104 U.S. Highway 1. Buyers should independently verify unit configurations, permits, lawful use, occupancy, leases, rental history, expenses and the ability to continue any existing use. The applicable U.S. Highway 1 corridor recorded approximately 30,500 vehicles per day according to 2025 FDOT Annual Average Daily Traffic data, providing substantial daily visibility within one of Sebastian's principal travel corridors. The surrounding area delivers the coastal lifestyle that continues to draw residents, seasonal visitors and outdoor enthusiasts to Sebastian. The Indian River Lagoon supports boating, paddling, kayaking, paddleboarding, wildlife viewing and scenic days on the water. Approximately 20 minutes away, Sebastian Inlet State Park connects the lagoon with the Atlantic Ocean and is celebrated for surfing, beaches and world-class saltwater fishing. Local waters are known for snook, redfish, bluefish and Spanish mackerel; a 45-pound, 12-ounce Florida-record snook was caught near Sebastian, according to the Florida Fish and Wildlife Conservation. Nearby attractions add dining, entertainment and visitor appeal throughout the year. Capt Hirams Resort combines a marina, lodging, dining and live music in a tropical setting. Earl's Hideaway Lounge & Tiki Bar is a long-established destination for live performances and motorcycle enthusiasts, while Tiki Bar & Grill offers lagoon-side dining and dock access. Riverview Park hosts festivals, concerts, markets and community gatherings, with scenic walkways extending along the riverfront. Local restaurants, marinas, boat ramps, nature trails, independent shops and nearby Atlantic beaches round out an area built around recreation, music and life on the water. The properties offer river views and convenient access to the Indian River Lagoon but are not represented as waterfront. All unit, traffic, access, use, entitlement and development information should be independently verified by the buyer.

IDX
Listing Office: The Core Team Co
Source MLS Verified

Last Updated: October - 02 - 2026

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