$1,995,000
1026 INDIAN RIVER Drive
Sebastian, FL
Explore the area: Sebastian homes for sale · Indian River County real estate
Price Check
How this price compares
- List price
- $1,995,000
- Price per sq ft
- N/A
- Original price
- Unchanged
- Days on market
- 74
This commercial property is listed at $1,995,000. It has been on the market for 74 days.
Estimated monthly payment
$10,485 /mo
Principal and interest only, based on $399,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $1,995,000
- Days on Site
- 74 Days
- Bedrooms
- 0
- Total Baths
- 0
- Total Sq Ft
- 1,855 sqft
- Lot Size
- 1.57 Acres
- Year Built
- 1955
- Property Type
- Commercial
- MLS #
- B26055193
- Property Tax
- $10,379 (2025)
- County
- Indian River
- Status
- Active
- Special Conditions
- Standard / Listed As Is
About This Property
Rare redevelopment opportunity in Sebastian's riverfront district. Offered together, 1104 US Highway 1 and 1026 Indian River Drive, approximately 1.57 acres with approximately 239.04 feet of US Highway 1 frontage and 170.34 feet of Indian River Drive frontage. RM-8 zoning, public water and sewer, irrigation well, river views, Intracoastal proximity and prominent corridor exposure. The property is vacant. Improvements include a 933-square-foot, 1-bedroom/1-bath concrete-block residence and 448-square-foot accessory structure at 1104, per public records. The 1026 parcel includes 1-bedroom/1-bath and 2-bedroom/2-bath units. All improvements convey. Value is primarily in the land and redevelopment potential. Buyer to verify all information. The existing improvements comprise four residential units, offering potential flexibility during a buyer's planning and evaluation period. The unit mix includes a 2-bedroom/2-bath residence and a 1-bedroom/1-bath residence at 1026 Indian River Drive, together with a 1-bedroom/1-bath residence and studio at 1104 U.S. Highway 1. Buyers should independently verify unit configurations, permits, lawful use, occupancy, leases, rental history, expenses and the ability to continue any existing use. The applicable U.S. Highway 1 corridor recorded approximately 30,500 vehicles per day according to 2025 FDOT Annual Average Daily Traffic data, providing substantial daily visibility within one of Sebastian's principal travel corridors. The surrounding area delivers the coastal lifestyle that continues to draw residents, seasonal visitors and outdoor enthusiasts to Sebastian. The Indian River Lagoon supports boating, paddling, kayaking, paddleboarding, wildlife viewing and scenic days on the water. Approximately 20 minutes away, Sebastian Inlet State Park connects the lagoon with the Atlantic Ocean and is celebrated for surfing, beaches and world-class saltwater fishing. Local waters are known for snook, redfish, bluefish and Spanish mackerel; a 45-pound, 12-ounce Florida-record snook was caught near Sebastian, according to the Florida Fish and Wildlife Conservation. Nearby attractions add dining, entertainment and visitor appeal throughout the year. Capt Hirams Resort combines a marina, lodging, dining and live music in a tropical setting. Earl's Hideaway Lounge & Tiki Bar is a long-established destination for live performances and motorcycle enthusiasts, while Tiki Bar & Grill offers lagoon-side dining and dock access. Riverview Park hosts festivals, concerts, markets and community gatherings, with scenic walkways extending along the riverfront. Local restaurants, marinas, boat ramps, nature trails, independent shops and nearby Atlantic beaches round out an area built around recreation, music and life on the water. The properties offer river views and convenient access to the Indian River Lagoon but are not represented as waterfront. All unit, traffic, access, use, entitlement and development information should be independently verified by the buyer.
MLS media linkGeneral Features
- Property Type
- Commercial
- Status
- Active
- Year Built
- 1955
- Property Condition
- Resale
- Number of Stories
- 1
- Lot Size (Acres)
- 1.57
- Total Sq Ft
- 1,855
- Sewer
- Public Sewer
- Water Source
- Public / Well
- Zoning
- RM-8
Interior Features
- Cooling
- Wall Window Units
- Heating
- Wall Furnace
Exterior Features
- Construction
- Frame / Vinyl Siding
- Roof
- Rolled Hot Mop
- Lot Features
- One To Two Acres
Community & HOA
- Security
- Smoke Detectors
- Utilities
- Other / Sewer Connected / Water Connected
- Financing Terms
- Cash / Conventional / FHA
- MLS Area
- 6351 - Sebastian (IR)
About the Area
- Homes for Sale
- 81
- Under Contract
- 25
- Median List Price
- $381,450
- Median Sale Price (September)
- $349,500
- Median $/Sq Ft
- $210
- Avg Days on Market
- 127
Frequently Asked Questions
- How do I schedule a tour of 1026 INDIAN RIVER Drive, Sebastian, FL?
- Use the Tour button on this listing to request a showing of 1026 INDIAN RIVER Drive, Sebastian, FL. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 1026 INDIAN RIVER Drive, Sebastian, FL still available?
- 1026 INDIAN RIVER Drive, Sebastian, FL is currently listed as Active, and has been on the market 74 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 1026 INDIAN RIVER Drive, Sebastian, FL?
- With 20% down ($399,000) on the $1,995,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 1026 INDIAN RIVER Drive, Sebastian, FL is about $10,485/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 1026 INDIAN RIVER Drive, Sebastian, FL?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 1026 INDIAN RIVER Drive, Sebastian, FL. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Can I negotiate the price of 1026 INDIAN RIVER Drive, Sebastian, FL?
- Often, yes. The right offer on 1026 INDIAN RIVER Drive, Sebastian, FL depends on how it's priced against comparable commercial sales in Sebastian, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of The Core Team Co
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated July 23, 2026.
$1,995,000
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Listed by Carlos Ors, The Core Team Co
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