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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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1026 Indian River Dr , Sebastian, FL 32958
$1,995,000
Est. Payment: $4,433.33/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 47
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FLL276635720 - FLL276541408
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House Description

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.

Highlights

Listed by Carlos Ors , 561-301-9994 The Core Team Co , 561-301-9994.

Property Type

Vacant Land

Lot/Acreage
1.57

County

Indian River

Area

6351 Sebastian

Neighborhood

Braddocks Subdivision Repl

Listing ID

B26055496

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Water:Public,Well

Exterior Features

Lot:1-2 Acres
Zoning:RM-8
Sewer:Not Connected (at lot),Public Sewer,Other
Principal Interest
$4,433
Taxes
$865

Home Price

$1,995,000

Loan Details

30 yrs
%

Down Payment

20%
$399,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,433.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,433.33 $864.83 $0.00 $5,298.17
Yearly $53,200.00 $10,378.00 $0.00 $63,578.00
Total $1,596,000.00 $311,340.00 $0.00 $1,907,340.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Sebastian, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.