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.
Lot/land
$1,995,000
1026 Indian River Drive, Sebastian, FL 32958
--beds
--baths
1.57Acres
Unimproved Land
Built in ----
1.57 Acres Lot
$511,800 Zestimate®
$--/sqft
$-- HOA
What's special
Existing irrigation wellRiverfront districtRiver viewsStrategically positioned parcelsDual frontage
- 43 days
- 127
- 3
Zillow last checked:
Listing updated:
Listed by:
Carlos Ors 561-301-9994,
The Core Team Co
Source: BeachesMLS,MLS#: B26055496
Originating MLS: BeachesMLS
Facts & features
Interior
Video & virtual tour
Property
Features
- Has view: Yes
- View description: River
- Has water view: Yes
- Water view: River
Lot
- Size: 1.57 Acres
- Features: 1-2 Acres, City Lot
- Residential vegetation: Partially Wooded
Details
- Additional structures: None
- Additional parcels included: 31390600009000000003.0
- Parcel number: 313906000000050000211
- Zoning: RM-8
- Special conditions: Standard
Utilities & green energy
- Sewer: Public Sewer
- Water: Public, Well
- Utilities for property: Electricity Available, Sewer Available, Water Available
Community & HOA
Community
- Subdivision: BRADDOCKS SUBDIVISION REPLAT LOTS 10 TO 18
HOA
- Has HOA: No
Location
- Region: Sebastian
Financial & listing details
- Tax assessed value: $570,472
- Annual tax amount: $10,378
- Date on market: 7/30/2026
- Cumulative days on market: 42 days
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
$511,800
$343,000 - $717,000
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/30/2026 | Listed for sale | $1,995,000+166% |
Source: | ||
| 5/31/2024 | Sold | $750,000-6.1% |
Source: Public Record Report a problem | ||
| 6/11/2023 | Listing removed | -- |
Source: | ||
| 5/16/2022 | Listed for sale | $799,000-5.9% |
Source: | ||
| 1/20/2021 | Listing removed | -- |
Source: Realtor Association of Indian River County Report a problem | ||
| 1/18/2021 | Price change | $849,000-5.6% |
Source: The Land Corporation of Fl #229174 Report a problem | ||
| 5/6/2020 | Price change | $899,000-9.6% |
Source: The Land Corporation of Fl #229174 Report a problem | ||
| 1/20/2020 | Listed for sale | $995,000+94.6% |
Source: The Land Corporation of Fl #229174 Report a problem | ||
| 1/22/2009 | Sold | $511,200+31.1% |
Source: Public Record Report a problem | ||
| 4/22/2003 | Sold | $390,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,379 -15% | $570,492 -22.5% |
| 2024 | $12,204 +10.2% | $736,026 0% |
| 2023 | $11,073 +6.6% | $736,045 +0.4% |
| 2022 | $10,387 +12.8% | $733,061 +29.4% |
| 2021 | $9,208 +3.3% | $566,709 |
| 2020 | $8,918 | $566,709 -0.1% |
| 2019 | $8,918 +3.5% | $567,437 +50.7% |
| 2018 | $8,614 +20.5% | $376,578 -0.2% |
| 2017 | $7,148 | $377,309 +4.3% |
| 2016 | $7,148 0% | $361,820 +0.2% |
| 2015 | $7,151 -3.5% | $360,970 +6.6% |
| 2014 | $7,407 | $338,590 +4.6% |
| 2013 | -- | $323,830 -34.7% |
| 2009 | $9,687 -43.2% | $495,550 -47.7% |
| 2008 | $17,055 -0.7% | $947,010 +7.7% |
| 2007 | $17,167 | $879,190 -17% |
| 2006 | -- | $1,059,470 +213.2% |
| 2005 | -- | $338,310 |
| 2004 | -- | $338,310 +3.3% |
| 2003 | -- | $327,370 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 32958
Nearby schools
Schools provided by the listing agent
- Elementary: Sebastian
- Middle: Sebastian River
- High: Sebastian River
Source: BeachesMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.








