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    11450 S Indian River Dr Sebastian, FL 32958

    Sponsored
    For Sale
    $2,995,000

    LAND - Sebastian, FL

    Property size:
    70,132 SF
    Lot size:
    1.61 Acres
    Days on Market:
    7
    Last Refresh:
    Jan 7 at 1:06 am

    Property Features for 11450 S Indian River Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Wooded
    Zoning
    ,
    APN
    31390800000001000007.0
    Size
    70,132 SF
    Lot size
    1.61 Acres

    Utilities

    Water source
    Public
    Water front features
    River Front, Navigable Water
    Water front
    1

    Berkshire Hathaway HomeServices Florida Realty (954) 693-0193 [email protected]

    Listing agent Chip Landers (772) 231-1270 License #0493976

    Listing date Jan 1, 2026

    MLS# 293664 Listing URL

    Copyright © 2026 Realtors Association of Indian River County. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Riverfront Land with Dock

    This 1.61-acre riverfront property is zoned RM-6, presenting the possibility for a luxury multi-family community. A private dock with 8 slips is included, offering opportunities for clients and fishing. The property features wide open green space near the riverfront and large oak trees at the front. It is located just 0.25 miles from the Sebastian Old Florida Riverfront Design Area, which includes shops, restaurants, and nightlife. The location allows for a short boat trip across the Intracoastal to the Sebastian Inlet and Atlantic Ocean. Currently, the property is used for 12 updated and professionally decorated Old Florida design rental cottages. The property size is 70132 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Island View Cottages Hotel

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sebastian
    County
    Brevard
    State
    Florida
    Longitude
    -80.461012
    Latitude
    27.802594

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    FAQs

    What type of property is this?
    Short term rental property - 1.61 acres of riverfront land with development potential.
    Where is this short term rental property located?
    The property is located at 11450 S Indian River Dr Sebastian, FL.
    What is the asking price?
    The asking price for this property is $2,995,000.
    What are key features of this property?
    This property features: - 1.61 Riverfront Acres Zoned RM-6 for Multi-Family Development; - Private Dock with **8 Slips**; - Direct Riverfront Access with Navigable Water
    (772) 231-1270
    Request Owner's contact information
    11450 S Indian River Dr Sebastian, FL 32958
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    Sebastian, FL 32958
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11450 S Indian River Dr Sebastian, FL 32958
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