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  • $1,995,000

    1026 Indian River Drive, Sebastian, FL 32958

    --beds
    --baths
    1.57Acres
    : 
    $13,146/mo
    Get pre-qualified
    Unimproved Land
    Built in ----
    1.57 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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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    Zillow last checked:

    Listing updated:

    Listed by:

    Carlos Ors 561-301-9994,

    The Core Team Co

    Source: BeachesMLS,MLS#: B26055496MLS LogoOriginating 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: 7/20/2026
      • Listing terms: Cash,Conventional
      • Electric utility on property: Yes
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $2,080/mo

        Price history

        DateEventPrice
        5/31/2024Sold$750,000-6.1%
        Source: Public Record Report a problem
        6/11/2023Listing removed--
        Source: BeachesMLS #F10363837 Report a problem
        5/16/2022Listed for sale$799,000-5.9%
        Source: Realtor Association of Indian River County #254448 Report a problem
        1/20/2021Listing removed--
        Source: Realtor Association of Indian River County Report a problem
        1/18/2021Price change$849,000-5.6%
        Source: The Land Corporation of Fl #229174 Report a problem
        5/6/2020Price change$899,000-9.6%
        Source: The Land Corporation of Fl #229174 Report a problem
        1/20/2020Listed for sale$995,000+94.6%
        Source: The Land Corporation of Fl #229174 Report a problem
        1/22/2009Sold$511,200+31.1%
        Source: Public Record Report a problem
        4/22/2003Sold$390,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 32958

        Getting around

        47 / 100
        Car-Dependent
        50 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        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.

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