This Land Property is no longer advertised on LoopNet.com.

11450 Indian River Dr
Sebastian, FL 32958
ISLAND VIEW COTTAGES · Land For Sale · 1.50 AC

Investment Highlights

  • RIVERFRONT
  • 8 SLIP DOCK IN PLACE
  • 1.61 ACRES MULTIFAMILY ZONING

Property Facts

Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Motel
  • Planned Unit Development
Total Lot Size 1.50 AC
No. Stories 1
Zoning RM-6 - MULTIFAMILY ZONE RM- 6. 6-7 POSSIBLE UNITS TO BE BUILT

Description

RIVERFRONT 1.61 ACRES WITH MULTIFAMILY ZONING FOR LUXURY UNITS IN THE $1.25-1.75 MILLION DOLLAR PRICE RANGE. UNOBSTRUCTED RIVER VIEWS FOR ALL UNITS. COUNTY WATER AND SEWER AVAILABLE. OLD FLORIDA OAK ENTRYWAY WITH OPEN AREA NEAR THE RIVER. CURRENTLY 12 UNIT RENTAL COTTAGES BUT IS NON CONFORMING.

Property Taxes

Property Taxes

Parcel Number
31-39-07-00000-1000-00007.0
Land Assessment
$105,524
Improvements Assessment
$227,537
Total Assessment
$333,061
  • Listing ID: 38970645

  • Date on Market: 1/5/2026

  • Last Updated:

  • Address: 11450 Indian River Dr, Sebastian, FL 32958

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