11450 South Indian River Drive

Sebastian, FL 32958

$2,995,000
Price
7
Beds
70,133 Sq. Ft.
$43 / Sq. Ft.
70,133
Sq. Ft.
$43
per Sq. Ft.

Description

Spanning nearly 2 acres of pristine riverfront, this 12-suite boutique hotel blends the spirit of Old Florida with contemporary comfort. Guests enjoy an 8-slip private dock, tiki hut, & complimentary bikes, kayaks, canoes. Each suite is meticulously designed by different designers locally & nationwide. Just minutes from town, this hotel is ideal for weddings, corporate events, & family reunions. Winner of TripAdvisor’s Travelers Choice Award for the last 4 years. Consistent revenue growth & opportunities...Spanning nearly 2 acres of pristine riverfront, this 12-suite boutique hotel blends the spirit of Old Florida with contemporary comfort. Guests enjoy an 8-slip private dock, tiki hut, & complimentary bikes, kayaks, canoes. Each suite is meticulously designed by different designers locally & nationwide. Just minutes from town, this hotel is ideal for weddings, corporate events, & family reunions. Winner of TripAdvisor’s Travelers Choice Award for the last 4 years. Consistent revenue growth & opportunities to expand, this property is poised for exceptional returns. Seller financing considered.
  1. Listed by T.P. Kennedy • Alex MacWilliam, Inc. • 772-231-6509
  2. Listed by Shannon O'Leary • Alex MacWilliam, Inc.

Property Details for 11450 South Indian River Drive

Subdivision Name
Sebastian Highlands
Waterfront
Yes
Waterfront Features
FixedBridge, Harbor, IntracoastalAccess, NavigableWater, NoFixedBridges
Furnished
Furnished
LISTING UPDATED: 12/09/2024 04:01 PM

Property Details for 11450 South Indian River Drive

StatusActive
MLS #283535
Days on Market9
Taxes$17,995 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1949
Lot Size1.61 AC / 70,131 SF
CountyIndian River County

Building Information for 11450 South Indian River Drive

Stories1Residences-Year Built1949Building Size-Lot Size1.61 AC / 70,131 SF

Property Information for 11450 South Indian River Drive

Summary
Location and General Information
  • Community Features: Barbecue, Clubhouse, PropertyManagerOnSite
  • Directions: US 1 to S Indian River Dr., property is .25 miles on right
  • Postal City: Sebastian
  • Zoning: ,
  • Zoning Description: Mixed Use,Residential
  • Road Surface Type: Paved
Parking
  • Parking Features: Assigned, OffStreet
  • Parking Total: 17
Taxes and HOA Information
  • Association Name: Owner
  • Tax Annual Amount: $17,995.00
  • Tax Assessed Value: 1202573
  • Tax Legal Description: 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
  • Tax Year: 2024
Property
Lot Information
  • Lot Features: OneToThreeAcres, SplitPossible
  • Lot Size Acres: 1.61
  • Lot Size Area: 1.61
  • Lot Size Dimensions: 70132
  • Lot Size Range: 1 to 3 Acres
  • Lot Size Units: Acres
  • Living Area: 70,133.00
  • Parcel Number: 31390800000001000007.0
  • Possible Use: Residential
Property and Assessments
  • Construction Materials: Block, Concrete
  • Development Name: SEBASTIAN HIGHLANDS
  • Human Modified: Yes
  • Number Of Separate Electric Meters: 6
  • Property Sub Type: Apartment
  • Stories Total: 1
  • Year Built: 1949
  • Property Type: ResidentialIncome
Utilities
  • Cooling: CentralAir, Electric, Other
  • Cooling: Yes
  • Heating: Central, Electric, Individual
  • Heating: Yes
  • Sewer: CountySewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Boat Dock Slip Description: Common Dock,Dock available,Dock/view/fishing,Parking
  • Exterior Features: Deck, Fence, Patio, Shed
  • Patio And Porch Features: Deck, Patio
  • Pool Features: None
  • Roof: RolledHotMop, Shingle
  • Window Features: SingleHung, Sliding, WindowTreatments
Interior Features
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Carpet, Tile
  • Interior Features: WetBar, PrimaryDownstairs, UtilityRoom, Workshop
  • Laundry Features: LaundryRoom
  • Levels: One
MultiFamily
Unit 1
  • Unit Type 1: Efficiency
  • Unit Type Beds Total 1: 0.0
Unit 2
  • Unit Type 2: Efficiency
  • Unit Type Beds Total 2: 0.0
Unit 3
  • Unit Type 3: OneBedroom
  • Unit Type Beds Total 3: 1.0
Unit 4
  • Unit Type 4: Efficiency
  • Unit Type Beds Total 4: 0.0
Unit 5
  • Unit Type 5: OneBedroom
  • Unit Type Beds Total 5: 1.0
Unit 6
  • Unit Type 6: Efficiency
  • Unit Type Beds Total 6: 0.0
Unit 7
  • Unit Type 7: OneBedroom
  • Unit Type Beds Total 7: 1.0
Unit 8
  • Unit Type 8: Efficiency
  • Unit Type Beds Total 8: 0.0
Unit 9
  • Unit Type 9: OneBedroom
  • Unit Type Beds Total 9: 1.0
Unit 10
  • Unit Type 10: Efficiency
  • Unit Type Description 10: Bath In Each Unit
  • Unit Type Beds Total 10: 0.0
Unit 11
  • Unit Type 11: TwoBedroom
  • Unit Type Description 11: Bath In Each Unit
  • Unit Type Beds Total 11: 2.0
Unit 12
  • Unit Type 12: OneBedroom
  • Unit Type Description 12: Bath In Each Unit
  • Unit Type Beds Total 12: 1.0

Property History for 11450 South Indian River Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 11450 South Indian River Drive

Taxable ValueLand$594,612Additions$607,961Total$1,202,573
Tax Record2023$17,421 ($1,452 / month)
Home Facts
Total Finished SqFt7,334 SqFtAbove Grade Finished SqFt7,334 SqFtStories1Lot Size70,132 SqFtStyleHotel / MotelYear Built1950Year Renovated1998ZoningRM-6CountyINDIAN RIVERAPN31-39-08-00000-0010-00007.0

Schools near 11450 South Indian River Drive

This home is within Indian River.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Sebastian Elementary School
PublicK to 5

Storm Grove Middle School
Public6 to 8

Sebastian River High School
Public9 to 12

Sebastian Charter Junior High School
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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11450 South Indian River Drive is a multi-family home for sale in Sebastian, FL 32958. This property was listed for sale on December 9, 2024 by Alex MacWilliam, Inc., it's currently listed at $2,995,000. It has been on the market for a total of 9 days and was last sold on December 28, 2021. This listing's school district is Indian River. Nearby schools include Sebastian Elementary School, Storm Grove Middle School and Sebastian River High School. 11450 South Indian River Drive is a 7-bed, 0-bath, 70,133 sqft multi-family home built in 1949.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Alex MacWilliam, Inc.

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.