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Improved Residential Land for Sale in Sebastian, Florida

11450 S Indian River Dr, Sebastian, FL 32958

$2,950,000
1.6 acres
Active
Est $15,954/mo

Island View Cottages celebrates all the most enviable features of its charming coastal market, with its well-maintained native vegetation and grounds that meander through the Inn's 1.61 acres to a flat grassy lawn (ideal for weddings and events or new construction) overlooking the Indian River and the Inn's dedicated fishing pier with 8 boat slips. The property currently operates as an 11-unit Inn with the 12th unit occupied by the manager/Innkeeper, 15 + beds & 13 baths. You could not find a more ideal location within easy striking distance of the heart of Sebastian which is often described as Mayberry meets Key West. Guests of the Inn fit the typical leisure travel profile and the property's location is well suited to answer their needs with direct access to Indian River Lagoon and an abundance of water related activities, in addition to being only half a mile from downtown Riverview Park with its public boat launch, and countless restaurants, activities and attractions.

7,938
Sq feet
13
Full baths
1950
Built

Location

Street address
11450 S Indian River Dr
Community
Indian River
Elevation
3 feet
Coordinates
27.8027, -80.4608

Directions

US 1 to Main St to Indian River Drive

Property details

Acreage
1.61 acres
MLS #
SCAOR 1046251
Posted

Property taxes

2024
$17,995

Parcels

  • 31390800000001000007.0

Legal description

Details and features

Listing

Type
Residential
Unit Count
12
Franchise
RE/MAX International

Lot

Waterfront
Navigable Water, River Access, River Front
Features
Few Trees

Exterior

Parking
Assigned, Off Street
Fencing
Fenced

Structure

Stories
1
Water
Public
Sewer
Public Sewer
Heating
Electric, Varies by Unit
Cooling
Ceiling Fan(s), Wall Unit(s), Wall/Window Unit(s), Window Unit(s)
Materials
Frame
Roof
Shingle

Interior

Rooms
Bathroom x 13
Flooring
Laminate, Tile, Vinyl

Listing history

DateEventPriceChangeSource
May 15, 2025New listing$2,950,000SCAOR
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This 1.61-acre property is located at 11450 S Indian River Dr in Sebastian, FL 32958. The property is available for sale for $2,950,000. It has a 7,938 sq ft structure built in 1950.

Checked 1 hour ago — Updated

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