5088 E Indiana Beach Road
Monticello, IN, 47960 $ 1,350,000
Bedrooms16 Baths11.0 Sq 3,376 Monthly Estimate*
$ 8,312
for $1,350,000 with 16 bedrooms and 11 full baths. This 3,376 square foot home was built in 1980.
Welcome to Alexanders Landing, a well-established waterfront resort property located on the shores of Lake Shafer in Monticello, Indiana, just minutes from the popular Indiana Beach Amusement & Water Park. This turnkey hospitality investment features nine guest units with accommodations for up to 56 guests, offering a strong blend of charm, functionality, and proven income performance. Guests enjoy beautiful lakefront views, direct water access with boat docking, and expansive outdoor deck spaces designed for year-round enjoyment. Recent improvements include a brand-new firepit area, new pool heater and pool HRV system, a new hot tub, and select updated furniture, enhancing both guest experience and overall property appeal. The thoughtfully designed suites include kitchen amenities and spacious gathering areas, making the property ideal for vacationing families, large groups, weekend getaways, and corporate retreats. Alexanders Landing has built a strong reputation as a premier destination in the area, backed by excellent guest reviews, repeat clientele, and a successful operating history. This property presents an exceptional opportunity for investors seeking a profitable short-term rental or boutique hospitality asset in one of Indianas most recognized lake communities. Whether guests are looking for relaxation on the water or quick access to local entertainment and attractions, Alexanders Landing offers a unique resort experience in a highly desirable location. To ensure a smooth transaction and respect the privacy of current occupants, all showing requests must be coordinated through the listing agent. Our goal is to ensure that everyone touring the property is a legitimate, qualified buyer with genuine interest. Consequently, all buyers must complete an initial qualification conversation before a showing is approved. Buyers using financing are required to provide a current mortgage pre-approval letter prior to scheduling, while cash buyers must provide proof of funds. We will also verify whether buyers are currently working with an agent, and we encourage only serious decision-makers to attend. Please note that occupied units require a minimum of 24 hours' advance notice; same-day showings may be limited or declined unless buyers are fully verified and the units are available. Buyers who are not yet financially prepared or are "just looking" will be asked to complete their financing steps before touring the property.
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FeaturesGeneralHeating Forced Air Heat Pump
Cooling Central Air Wall AC Window Heat Pump
Water Access Type Lakefront
Sewer Public
# of Buildings 1
Status Active Active
Full Baths 11
Half Baths 0
Bathrooms 11
Year Built 1980
Parking Lot Off Street Paved Private Public Off Site
New Construction No
Tenant Pays None
Subdivision None
Style Two Story
Stories Count 2
Township Union
Class INVESTMENT
Type Apartment Building
Age 46
Net Income 258408
Rent Income 330000
Features Hot Tub/Spa Off Street Parking Storage Balcony Boat Lift-Covered Boat Lift-Permanent Deck Open Deck on Waterfront Landscaped Patio Open Porch Open Water Heater Tankless
REO No
Status Detail 0
Common Amenities Dock Swimming Pool
Area White County
Location City/Town/Suburb Lake
High School Twin Lakes
City Monticello
School District Twin Lakes School Corp.
Architectural Style Other
Total Sq Ft 3376
Elementary School Meadowlawn
Middle School Roosevelt
Legal Description UNTALULTI ADD 60' S/E LOT 107
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202619381
Agent First Name Jason
Agent Last Name Conley
DOM 0
Tax Year 2025
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InteriorBasement None
Flooring Vinyl
Beds 16
Total Number of Units 9
Microwaves 0
Refrigerators 9
Washers 0
Dryer(s) 0
Dishwasher(s) 0
Disposal(s) 0
Above Grade Bedrooms 16
Below Grade Baths 0
Below Grade Bedrooms 0
Total Rooms Below Grade 0
Ranges/Ovens 8
W/D Hookups 0
Basement Material Poured Concrete
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ExteriorExterior Block Vinyl Wood
Water Frontage 60
Driveway Concrete
Pool Yes
Number of Parking Spaces 6
Waterfront Lake
Pool Type Indoor
Lot Size Area 10019
Lot Dimensions 166x59
Lot Description Waterfront
Fence Partial
Outbuilding None
Water Features Boat Docking Rights Pier/Dock Pier/Dock Available
Lake Ski Lake
Waterfront Y/N Yes
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* Excluded FeaturesList ByJason ConleyListing Agent
polymathrealty@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $8,312
- Monthly Property Taxes
- $352
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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.
Learn more about how to save NearbyMulti-family listings in Monticello, IN
Average List Price $241,667
Percent of Sale Price 82%
About Monticello, IN 5,515 Population
-4% Since 2002
$ 40,981 Median Income
40.82 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
1235872 Elementary School
1235893 Middle School
Twin Lakes High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/21/2026 | $1,350,000 | | Listed Price |