1026 Indian River Drive

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.

Listing Snapshot

Price

$1,995,000

Days on Site

63 Days

Bedrooms

0

Total Baths

0

Lot Size

1.57 Acres

Property Type

Land

MLS #

B26055496

Property Tax

$10,379 (2025)

Subdivision

BRADDOCKS SUBDIVISION REPLAT LOTS 10 TO 18

County

Indian River

Status

Active

Special Conditions

Standard

About This Property

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. 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.

General Features

Property Type

Land

Status

Active

Direction Faces

East

Lot Size (Acres)

1.57

Sewer

Public Sewer

Water Source

Public / Well

Zoning

RM-8

Exterior Features

Lot Features

One To Two Acres / City Lot

View

River

Community & HOA

Utilities

Electricity Available / Sewer Available / Water Available

Financing Terms

Cash / Conventional

MLS Area

6351 - Sebastian (IR)

Schools

Elementary School

Sebastian

Middle School

Sebastian River

High School

Sebastian River