$1,995,000
Sebastian, FL
MLS# B26055193
1855 sqft
1 / 21
Property Description
COMING SOON—SHOWINGS BEGIN AUGUST 10, 2026. 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
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
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 - 23 - 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.
