Unimproved Land in 1026 Indian River Drive, Sebastian, FL 32958 for sale with MLS# B26055496

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. 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.

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1026 Indian River Drive, Sebastian, FL 32958

Price
Price:
$1,995,000.00
Original List Price:
$1,995,000.00
List Price per Sq Ft (Calculated, Approx.):
$29.17
Property Status and Type
Listing Type:
For Sale
Status:
Active
Special Sale Conditions:
Standard
Listing Category:
Land & Docks
Property Type:
Unimproved Land
Description of Last Important Update:
New Listing
Last Major Update on:
July 30, 2026 10:18 pm
Measures
Lot Area:
68,389.20 Sqft
Additional Parcels
Lot Size Acres:
1.57
Number of Lots:
2
Property Features
View from the Property:
River
Waterfront:
No
Current Use:
Single Family, Unimproved, Residential, Check Land Use Plan
Vegetation and Trees:
Partial Tree Coverage
Property Entrance Faces:
East
Construction
Road Frontage Type:
East of US-1
Possible Use:
Single Family
Flood Zone Code:
X
Taxes and Expenses
Tax Annual Amount:
$10,378.52
Tax Year:
2025
Tax Assessed Value:
$570,472.00
Property Tax Details:
City/County
Utilities
Sewer:
Public Sewer
Utilities Available:
Electricity Available, Sewer Available, Water Available
Water Source:
Public, Well
Community
Subdivision Name:
BRADDOCKS SUBDIVISION REPLAT LOTS 10 TO 18
Senior Community:
No
Development Status:
Raw Land
Terms
Documents Available:
Aerial, Survey
Listing Terms Considered by Seller:
Cash, Conventional
Buyer Possession:
Close Of Escrow
Zoning and Legal
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
Real Estate Folio Number (Parcel Number):
313906000000050000211
Zoning:
RM-8
Public Schools Assigned
Elementary School:
Walker
High School:
Sebastian River
Middle Or Junior School:
Sebastian River
Listing History
Active on the market since:
July 30, 2026
Listing Agreement executed on:
July 20, 2026
Listing Status Last Changed On:
July 30, 2026 10:18 pm
Photos updated on:
July 24, 2026 9:10 pm
Last Modified:
July 30, 2026 10:18 pm
Additional Information
Courtesy of:
The Core Team Co
Attribution:
Not provided
Road Surface Type:
Paved
Location
Street Name:
Indian River
Street Number:
1026
City:
Sebastian
State:
Florida
Zip Code:
32958
County:
Indian River
Latitude:
N27° 48' 53.2''
Longitude:
W81° 31' 56''
Street Suffix:
Drive
Property Map

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Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $68,276
Median Home Value $279,100
Median Rent $1,388/mo
Median Age 59
Population 29,641
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