11450 S Indian River Drive Sebastian, FL $ 2,950,000
11450 S Indian River Drive
$ 2,950,000
New Construction
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11450 S Indian River Drive

Sebastian, FL, 32958
$ 2,950,000
Bedrooms-- Baths13.0 Sq 7,938

Monthly Estimate*

$ 18,404

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Commercial Property for sale in Sebastian, FL

for $2,950,000 with 13 full baths. This 7,938 square foot building was built in 1950 on a lot size of 1.61.

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.

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Commercial Active

Price

$ 2,950,000

Full Bath

13

Property Type

Commercial

Taxes

$ 17,995

Style

Hotel/Motel

Lot Size

1.61

Year Built

1950

Town/City

Sebastian

County/Region

Indian River

MLS | Web ID

1046251

Features
General
Living Area 7938.0
Sewer Public Sewer
Heating Electric Varies by Unit
Cooling Ceiling Fan(s) Electric Varies by Unit Wall Unit(s) Wall/Window Unit(s)
Utilities Cable Available Electricity Connected Sewer Connected Water Connected Propane
Possession Close Of Escrow
Roof Shingle
Construction Materials Frame
Year Built 1950
Property Subtype Hotel/Motel
Tax Year 2024
Current Use Hotel/Motel Residential
Waterfront Features Navigable Water River Access River Front Intracoastal
Building Name Island View Cottages
County Indian River
Property Type Commercial Sale
HOA N
Attached Garage N
Subdivision Name None
Building Features Laundry Manager on Premise
Status Active
Directions US 1 to Main St to Indian River Drive
City Sebastian
Body of Water Indian River
Senior Community Y/N N
Zoning Description Commercial/Residential/Office
Number Of Units Total 12
MLS Area 904 - Indian River
Lot Size Units Acres
Lot Size Square Feet 70131.6
Land Lease Y/N N
Tax Annual Amount 17995.0
Home Warranty Y/N N
Lease Renewal Y/N N
MLS Area Minor 904 - Indian River
Additional Parcels Y/N N
Lease Considered Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/spc/1046251
Standard Status Active
Legal Description FROM THE SE COR OF LOT 1 SEC 7 TWP 31 RNG 39 RUN S 270 FT TO A POINT; TH E 11.4 FT TO A POB ON E ROW LINE OF OLD
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Interior
Flooring Laminate Tile Vinyl
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 13
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Exterior
Fencing Fenced
Parking Features Additional Parking Assigned Off Street
Lot Features Few Trees Other
Water Source Public
Inclusions Furniture Fixtures and Equipment Business with Real Estate
Lot Size Area 1.61
Spa N
Lot Size Acres 1.61
Waterfront Y/N Y
Road Frontage Type County Road
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 11450
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* Excluded Features
List By
Re/Max Elite

Broker

Affordability Calculator

$19,904
Per Month
92%
8%
0%
Monthly Principal & Interest
$18,404
Monthly Property Taxes
$1,500
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1363035 Elementary School
1362897 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/15/2025$2,950,000 Listed Price

Map


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11450 S Indian River Drive, Sebastian, FL, 32958 is a Commercial Property for sale at $2,950,000 with 7,938 sqft and a lot size of 1.61. 11450 S Indian River Drive has 13.0 baths and was built in 1950. The property's zip code is 32958 which is in Sebastian, FL