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11450 S Indian River Drive Sebastian, FL 32958

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For Sale
$2,795,000

MULTI_FAMILY - Sebastian, FL

Type:Apartment
Lot size:
1.61 Acres
Added:
Jan 1, 2026
Days on Market:
89
Last Refresh:
Mar 31 at 3:06 pm

Property Features for 11450 S Indian River Drive

General Information

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

Taxes and HOA fees

TaxYear
2025
TaxDescription
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 U.S. HWY NO. 1 (NOW COMMONLY KNOWN AS RIVER ROAD) AND S LINE OF W.J. PLATTEN PROPERTY FROM SAID POB RUN S 18 DEG 38 MIN E A DIS OF 18 7.5 F
TaxAnnualAmount
18015

Utilities

Heating system
Electric (Heating), Central
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

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Listing Contact
Chip Landers
Chip Landers

Listing agent Chip Landers License #0493976

Listing office Berkshire Hathaway Florida 3377 Ocean Dr, Vero Beach, FL

Listing date Jan 1, 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 on 1.61 Acres

This riverfront property in Sebastian, Florida, features 12 cottages situated on 1.61 acres. The cottages 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 open green space suitable for activities, 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. This property is part of an old Florida community with modern design units.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Island View Cottages Hotel & Motel

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

FAQs

What type of property is this?
Short term rental property - Riverfront property with 12 cottages and development potential.
Where is this short term rental property located?
The property is located at 11450 S Indian River Drive Sebastian, FL.
What is the asking price?
The asking price for this property is $2,795,000.
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
More about this property
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