$1,995,000
Sebastian, FL
MLS# B26055193
1855 sqft

1 / 26
Property Description
Rare redevelopment opportunity in Sebastian's riverfront district. Offered together, 1104 US Highway 1 and 1026 Indian River Drive, approximately 1.57 acres with approximately 239.04 feet of US Highway 1 frontage and 170.34 feet of Indian River Drive frontage. RM-8 zoning, public water and sewer, irrigation well, river views, Intracoastal proximity and prominent corridor exposure. The property is vacant. Improvements include a 933-square-foot, 1-bedroom/1-bath concrete-block residence and 448-square-foot accessory structure at 1104, per public records. The 1026 parcel includes 1-bedroom/1-bath and 2-bedroom/2-bath units. All improvements convey. Value is primarily in the land and redevelopment potential. Buyer to verify all information.
Details
Maps
Contract Information
Comp Sale YN: No
Negotiable Seller Concessions YN: No
Listing Date: 2026-07-19
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
Postal Code: 32958
Geographic Area: INRV - Indian River
Subdivision Number: 60000
Multiple Offers Accepted: Yes
Flood Zone: X
Property Description: SINGLE FAMILY
Country: United States
Street Number: 1026
Street Name: INDIAN RIVER
Street Suffix: Drive
State Or Province: FL
Postal Code +4: 4134
Area: 6351 - Sebastian (IR)
Parcel Number: 313906000000050000211
Zoning: RM-8
General Property Information
Accessibility Features YN: Yes
Lot Size Area: 55173
Stories Total: 1
Property Sub Type: Multi Family
Building Area Main: 1855
Building Area Source: Assessor
Year Built: 1955
Parking Total: 2
Lot Size Acres: 1.57
Financial Information
Tax Assessed/SOH Value: 570472
Assessor Market Value: 570472
Tax Annual Amount: 10378.52
Tax Year: 2025
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
Electric
110 Volts: 1
220 Volts: 1
Foundation Details
Raised: 1
Property Condition
Resale: 1
Special Listing Conditions
Standard: 1
Documents Available
Aerial Photo(s): 1
Existing Survey: 1
Meter Information
Separate Electric Meters YN: No
Separate Gas Meters YN: No
Separate Water Meters YN: No
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Special Information
Sold As-Is: 1
Will Not Divide: 1
Utilities
Sewer Connected: 1
Water Connected: 1
Other: 1
Heating
Window/Wall: 1
Construction Materials
Frame: 1
Vinyl Siding: 1
Listing Terms
Cash: 1
Conventional: 1
FHA: 1
Road Frontage Type
City Street: 1
East of US-1: 1
Highway: 1
Roof
Rolled/Hot Mop: 1
Security Features
Smoke Detector(s): 1
Water Source
Public: 1
Well: 1
Cooling
Wall/Window Unit(s): 1
Showing Requirements
Call Listing Agent: 1
Sign On Property: 1
Text Listing Agent: 1
Traffic Type
Auto: 1
Pedestrian: 1
Heavy: 1
Acreage Description
1 To Less Than 2 Acre Lot: 1
Status Change Information
Major Change Timestamp: 2026-07-22T15:12:00Z
Major Change Type: New Listing
Status Change Date: 2026-07-22
Originating Details
Originating System Key: 20260720203506216694000000
Originating System ID: M00000170
Property Features
Documents Available: Aerial Photo(s); Existing Survey
Electric: 110 Volts; 220 Volts
Foundation Details: Raised
Heating: Window/Wall
Possession: Close Of Escrow
Property Condition: Resale
Special Listing Conditions: Standard
Construction Materials: Frame; Vinyl Siding
Cooling: Wall/Window Unit(s)
Listing Terms: Cash; Conventional; FHA
Road Frontage Type: City Street; East of US-1; Highway
Traffic Type: Auto; Pedestrian; Heavy
Roof: Rolled/Hot Mop
Security Features: Smoke Detector(s)
Sewer: Public Sewer
Special Information: Sold As-Is; Will Not Divide
Utilities: Sewer Connected; Water Connected; Other
Water Source: Public; Well
Showing Requirements: Call Listing Agent; Sign On Property; Text Listing Agent
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.
Listing Office: The Core Team Co

Last Updated: October - 02 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

