1026 INDIAN RIVER Drive, Sebastian, FL

New Listing

$1,995,000

Virtual Tour

https://www.propertypanorama.com/1026-INDIAN-RIVER-Drive-Sebastian-FL/unbranded

Property Type: Commercial Sale Square Footage: 1,855 Status: Active

Current Price: $1,995,000 List Date: 7/22/2026 Last Modified: 7/24/2026

Overview

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.

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 Int ... (Read more)

Listing Details MLS# B26055193

General Property Information

Property Sub Type: Multi Family
Building Area Main: 1855
Building Area Source: Assessor
Year Built: 1955
Parking Total: 2
Lot Size Area: 55173
Lot Size Acres: 1.57
Accessibility Features YN: Yes
Stories Total: Yes

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

Contract Information

Comp Sale YN: No
Original List Price: 1995000
Negotiable Seller Concessions YN: No
Listing Service: Full Service

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
Area: 6351 - Sebastian (IR)
Geographic Area: INRV - Indian River
Parcel Number: 313906000000050000211
Subdivision Number: 60000
Multiple Offers Accepted: Yes
Zoning: RM-8
Flood Zone: X
Property Description: SINGLE FAMILY

Financial Information

Tax Annual Amount: 10378.52
Tax Year: 2025
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: 2026-07-22T15:12:00Z
Major Change Type: New Listing
Status Change Date: 2026-07-22

More Information

Meter Information

Separate Electric Meters YN: No
Separate Gas Meters YN: No
Separate Water Meters YN: No

Originating Details

Originating System Key: 20260720203506216694000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Electric

110 Volts: Yes
220 Volts: Yes

Foundation Details

Raised: Yes

Property Condition

Resale: Yes

Special Listing Conditions

Standard: Yes

Documents Available

Aerial Photo(s): Yes
Existing Survey: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Special Information

Sold As-Is: Yes
Will Not Divide: Yes

Utilities

Sewer Connected: Yes
Water Connected: Yes
Other: Yes

Heating

Window/Wall: Yes

Construction Materials

Frame: Yes
Vinyl Siding: Yes

Listing Terms

Cash: Yes
Conventional: Yes
FHA: Yes

Road Frontage Type

City Street: Yes
East of US-1: Yes
Highway: Yes

Roof

Rolled/Hot Mop: Yes

Security Features

Smoke Detector(s): Yes

Water Source

Public: Yes
Well: Yes

Cooling

Wall/Window Unit(s): Yes

Showing Requirements

Call Listing Agent: Yes
Sign On Property: Yes
Text Listing Agent: Yes

Traffic Type

Auto: Yes
Pedestrian: Yes
Heavy: Yes

Acreage Description

1 To Less Than 2 Acre Lot: Yes

Listing Office: The Core Team Co

Last Updated: July - 24 - 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.

1026 INDIAN RIVER Drive, Sebastian, FL (MLS# B26055193)