$2,950,000
Sebastian, FL 32958
MLS# 1046251
13 baths
1 / 71
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 operates as an 11-unit Inn with the 12th unit occupied by the manager/Innkeeper, 15 + beds & 13 baths. 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
Contract Information
Comp Sale YN: No
Current Price: $2,950,000
Original List Price: 2950000
List Price: $2,950,000
Status: Active
Listing Contract Date: 2025-05-15
Property Sub Type: Hotel/Motel
Location, Tax, and Legal
Tax Account: 4925300
General County Location: Out of Brevard
Tax Annual Amount: 17995
Tax Year: 2024
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
Zoning Description: Commercial/Residential/Office
Directions: US 1 to Main St to Indian River Drive
General Property Information
Number Of Units Total: 12
Stories Total: 1
Building Area Total: 7938
Lot Size Acres: 1.61
Association YN: No
Building Name: Island View Cottages
Water Body Access YN: Yes
Waterfront YN: Yes
Water Body Name: Indian River
Water Frontage Feet: 127
Land Lease YN: No
Senior Community YN: No
List Price/SqFt: 371.63
Bathrooms Total: 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 operates as an 11-unit Inn with the 12th unit occupied by the manager/Innkeeper, 15 + beds & 13 baths. 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.
Construction Materials
Frame: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Varies by Unit: 1
Wall Unit(s): 1
Wall/Window Unit(s): 1
Current Use
Hotel/Motel: 1
Residential: 1
Fencing
Fenced: 1
Flooring
Laminate: 1
Tile: 1
Vinyl: 1
Heating
Electric: 1
Varies by Unit: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Few Trees: 1
Other: 1
Parking Features
Additional Parking: 1
Assigned: 1
Off Street: 1
Possession
Close Of Escrow: 1
Water Body Access Type
Navigable: 1
Owned: 1
Road Frontage Type
County Road: 1
Roof
Shingle: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Unit 1 Details
Unit ID: 1
Annual Rent: 0
Unit SqFt: 0
Baths Total: 1
Furnished: Furnished
Unit Remarks: Kitchenette in unit
Unit 2 Details
Unit ID: 2
Annual Rent: 0
Unit SqFt: 0
Baths Total: 1
Furnished: Furnished
Unit Remarks: Kitchenette in unit
Unit 3 Details
Unit ID: 3
Annual Rent: 0
Unit SqFt: 0
Baths Total: 1
Furnished: Furnished
Unit Remarks: Kitchenette in unit
Unit 4 Details
Unit ID: 4
Annual Rent: 0
Unit SqFt: 0
Baths Total: 1
Furnished: Furnished
Unit Remarks: Kitchenette in unit
Unit 5 Details
Unit ID: 5
Annual Rent: 0
Unit SqFt: 0
Baths Total: 1
Furnished: Furnished
Unit Remarks: Kitchenette in unit
Unit 6 Details
Unit ID: 6
Annual Rent: 0
Unit SqFt: 0
Baths Total: 1
Furnished: Furnished
Unit Remarks: Kitchenette in unit
Unit 7 Details
Unit ID: 7
Annual Rent: 0
Unit SqFt: 0
Baths Total: 1
Furnished: Furnished
Unit Remarks: Kitchenette in unit
Unit 8 Details
Unit ID: 8
Annual Rent: 0
Unit SqFt: 0
Baths Total: 1
Furnished: Furnished
Unit Remarks: Kitchenette in unit
Utilities
Cable Available: 1
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
Propane: 1
Water Source
Public: 1
Waterfront Features
Intracoastal: 1
Navigable Water: 1
River Access: 1
River Front: 1
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Building Features
Laundry: 1
Manager on Premise: 1
Location
County: 1
Sale Includes
Business with Real Estate: 1
Furniture, Fixtures and Equipment: 1
Location Tax and Legal
Street Number: 11450
Street Direction Prefix: S
Street Name: Indian River
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: 2025-05-15T14:12:47Z
Major Change Type: New Listing
Status Change Timestamp: 2025-05-15
Property Features
Building Features: Laundry; Manager on Premise
Construction Materials: Frame
Cooling: Ceiling Fan(s); Electric; Varies by Unit; Wall Unit(s); Wall/Window Unit(s)
Current Use: Hotel/Motel; Residential
Fencing: Fenced
Flooring: Laminate; Tile; Vinyl
Heating: Electric; Varies by Unit
Listing Terms: Cash; Conventional
Location: County
Lot Features: Few Trees; Other
Parking Features: Additional Parking; Assigned; Off Street
Possession: Close Of Escrow
Water Body Access Type: Navigable; Owned
Road Frontage Type: County Road
Roof: Shingle
Sale Includes: Business with Real Estate; Furniture, Fixtures and Equipment
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Appointment Only
Special Listing Conditions: Standard
Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected; Propane
Water Source: Public
Waterfront Features: Intracoastal; Navigable Water; River Access; River Front
Listing Office: RE/MAX Elite
Last Updated: August - 25 - 2025
Information is deemed to be reliable, but is not guaranteed.