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Kathy Carson

kathy.carson@engelvoelkers.com +1(772) 774-9442

$ 2,950,000

Est. payment -/mo

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11450 S Indian River DR Sebastian, FL 32958

14 Baths

7,938 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Square Footage 7,938 sqft

Price per Sqft $371

MLS Listing ID 1046251

HOA Y/N No

Total Fin. Sqft 7938

Year Built 1950

Annual Tax Amount $17,995

Tax Year 2024

Lot Size 1.610 Acres

Acres 1.61

Property Sub-Type Hotel/Motel

Source Space Coast MLS (Space Coast Association of REALTORS®)

Property Description

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. 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.

Location

State FL

County Indian River

Area 904 - Indian River

Direction US 1 to Main St to Indian River Drive

Interior

Cooling Ceiling Fan(s), Varies by Unit, Wall Unit(s)

Inclusions Business with Real Estate

Exterior

Exterior Feature ExteriorFeatures

Parking Features Assigned

Waterfront Description Navigable Water,River Front

Present Use Hotel/Motel

Garage No

Building

Lot Description Other

Sewer Public Sewer

Water Well

Others

Senior Community No

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/spc/1046251

Space Coast Association of Realtors (Brevard MLS)

Listed by RE/MAX Elite

Kathy Carson

Advisor | License ID: 3347821

+1(772) 774-9442

Kathy Carson

11450 S Indian River DR Sebastian, FL 32958

Key Details

Location

Interior

Exterior

Building

Others

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11450 S Indian River DR