$2,950,000
Sebastian, FL 32958
MLS# 1055412
15 beds | 13 baths
1 / 39
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 has 11 individual cottages operating as an 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.
Details
Maps
Currently Not Used
Homestead YN: No
Location, Tax, and Legal
Tax Account: 1111111
General County Location: Out of Brevard
Zoning Description: Multi Family
Directions: US1 to Main St to Indian River Drive
General Property Information
Accessory Dwelling Unit Y/N: Yes
Bathrooms Half: 0
Living Area: 3000
Living Area Source: See Remarks
Lot Size Acres: 1.61
Lot Size Square Feet: 70131.6
Accessibility Features YN: No
Association YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 1
Carport YN: No
Waterfront YN: Yes
Water Body Name: Indian River
Water Frontage Feet: 127
Senior Community YN: No
CDD Fee YN: No
Community Fee(s) YN: No
Water Body Access YN: Yes
Furnished: Furnished
Stories: 1
Direction Faces: East
Pool Private YN: No
List Price/SqFt: 983.33
Bedrooms Total: 15
Bathrooms Total: 13
Bathrooms Full: 13
Year Built: 1950
Remarks and Miscellaneous
Public Remarks: 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 has 11 individual cottages operating as an 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.
Accessory Dwelling Information
ADU Attached Y/N: No
Appliances
Electric Cooktop: 1
Electric Range: 1
Electric Water Heater: 1
Gas Range: 1
Microwave: 1
Refrigerator: 1
Architectural Style
Cottage: 1
Construction Materials
Frame: 1
Cooling
Split System: 1
Wall/Window Unit(s): 1
Current Use
Hotel/Motel: 1
Mixed Use: 1
Residential: 1
DPR Eligible
DPR Eligible: No
Exterior Features
Boat Ramp - Private: 1
Boat Slip: 1
Dock: 1
Fire Pit: 1
Outdoor Kitchen: 1
Fencing
Fenced: 1
Flooring
Laminate: 1
Tile: 1
Vinyl: 1
Heating
Electric: 1
Interior Features
Ceiling Fan(s): 1
Laundry Features
In Garage: 1
Legal Details
Permission Granted to Advertise: Yes
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Few Trees: 1
Parking Features
Additional Parking: 1
Assigned: 1
Guest: 1
Off Street: 1
Patio And Porch Features
Covered: 1
Front Porch: 1
Porch: 1
Possession
Close Of Escrow: 1
Water Body Access Type
Navigable: 1
Owned: 1
Road Frontage Type
County Road: 1
Road Surface Type
Asphalt: 1
Roof
Shingle: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Utilities
Cable Available: 1
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
Propane: 1
View
River: 1
Water: 1
Water Source
Public: 1
Waterfront Features
Intracoastal: 1
River Access: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Property Condition
Updated/Remodeled: 1
Rental Restrictions
No Minimum: 1
Contract Information
Current Price: $2,950,000
Original List Price: 2950000
List Price: $2,950,000
Status: Active
Listing Contract Date: 2025-04-22
Property Sub Type: Single Family Residence
Location Tax and Legal
Street Number: 11450
Street Direction Prefix: S
Street Name: Indian River Dr
Street Suffix: Drive
County: Indian River
State: FL
Postal Code: 32958
MLS Area Major: 904 - Indian River
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2025-08-25T14:26:24Z
Major Change Type: New Listing
Status Change Timestamp: 2025-08-25
Property Features
Appliances: Electric Cooktop; Electric Range; Electric Water Heater; Gas Range; Microwave; Refrigerator
Architectural Style: Cottage
Construction Materials: Frame
Cooling: Split System; Wall/Window Unit(s)
Current Use: Hotel/Motel; Mixed Use; Residential
Exterior Features: Boat Ramp - Private; Boat Slip; Dock; Fire Pit; Outdoor Kitchen
Fencing: Fenced
Flooring: Laminate; Tile; Vinyl
Heating: Electric
Interior Features: Ceiling Fan(s)
Laundry Features: In Garage
Listing Terms: Cash; Conventional
Lot Features: Few Trees
Parking Features: Additional Parking; Assigned; Guest; Off Street
Patio And Porch Features: Covered; Front Porch; Porch
Possession: Close Of Escrow
Water Body Access Type: Navigable; Owned
Property Condition: Updated/Remodeled
Rental Restrictions: No Minimum
Road Frontage Type: County Road
Road Surface Type: Asphalt
Roof: Shingle
Sewer: Public Sewer
Showing Requirements: Appointment Only; Call Listing Agent
Special Listing Conditions: Standard
Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected; Propane
View: River; Water
Water Source: Public
Waterfront Features: Intracoastal; River Access
Listing Office: RE/MAX Elite
Last Updated: August - 26 - 2025
Information is deemed to be reliable, but is not guaranteed.