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    11450 S Indian River Dr Sebastian, FL 32958

    Sponsored
    For Sale
    $2,995,000

    MULTI_FAMILY - Sebastian, FL

    Type:Apartment
    Lot size:
    1.61 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 6 at 12:06 pm

    Property Features for 11450 S Indian River Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    Vegetation
    Wooded
    Zoning
    ,
    APN
    31390800000001000007.0
    Parking
    17
    Parking features
    Assigned, Off Street
    Patio and Porch features
    Porch
    Interior features
    WetBar, EatInKitchen, GreatRoom, PrimaryDownstairs, LivingDiningRoom
    Exterior features
    EnclosedPorch, Porch
    Lot size
    1.61 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric
    Water source
    Public
    Water front features
    Navigable Water, River Front
    Water front
    1

    Building Details

    Year built
    1949
    Floors in Building
    1
    Flooring type
    Carpet, Tile
    Building materials
    Block, Concrete
    Roof type
    Shingle, Rolled Hot Mop
    Additional Structures
    Cabana

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

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

    Listing date Jan 5, 2026

    MLS# 293660 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 Cottages with Development Potential

    This property features 12 cottages situated on 1.61 acres of riverfront land. The units have been recently updated and decorated by local and national professional decorators. A private dock is available, offering 8 slips. Onsite amenities include an office managed by an onsite manager, snacks, beer and wine, complimentary bikes, kayaks, and canoes. The grounds feature wide open green space, large oak trees, and native Florida landscaping. The property is zoned RM-6, allowing for the potential development of a 6-7 unit luxury multi-family community. The property is located in Sebastian, Florida.
    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 - Riverfront cottages on 1.61 acres with redevelopment 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: - Riverfront property with 1.61 acres and **private dock with 8 slips.**; - Includes 12 updated cottages with **modern design.**; - Zoned RM-6 for potential development of a 6-7 unit luxury multi-family community.
    (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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