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Island View Cottages 11450 S Indian River Dr

12 Room Hotel Sebastian, FL 32958 $2,995,000 ($249,583/Room)

Investment Highlights

  • Close to Sebastian Inlet, 8 permitted slips, boat house, beach,

Executive Summary

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, and canoes. The Sebastian Inlet is only minutes by boat from the dock for convenient offshore fishing! Each suite is meticulously designed by different designers locally and nationwide. Just minutes from downtown, this hotel is ideal for weddings, corporate events, and family reunions. Winner of TripAdvisor’s Travelers Choice Award for the last 4 years running. With consistent revenue growth and opportunities to expand, this property is poised for exceptional returns. Don't miss your opportunity to tour this amazing riverfront property! Financials available upon request.

Property Facts

Price $2,995,000
Price Per Room $249,583
Sale Type Investment
Sale Conditions Business Value Included
Property Type Hospitality
Property Subtype
Hotel
Building Class C
Lot Size 1.61 AC
Building Size 7,100 SF
No. Rooms 12
No. Stories 1
Year Built/Renovated 1950/2022
Corridor Exterior

Amenities

  • Balcony
  • High Speed Internet Access
  • Patio
  • Marina
  • Destination Resort
  • Bed & Breakfast
  • Public Access Wifi
  • Smoke-Free
  • Fully-Equipped Kitchen
  • Multi-Room Suites

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 4 $279.00 -
Guest Room 8 $214.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
31-39-08-00000-0010-00007.0
Land Assessment
$594,612
Improvements Assessment
$607,961
Total Assessment
$1,202,573

zoning

Zoning Code RM-6 (Currently zoned for hotel use, could be rental apartements)
RM-6 (Currently zoned for hotel use, could be rental apartements)
  • Listing ID: 31908170

  • Date on Market: 5/23/2024

  • Last Updated:

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

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