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11450 S Indian River Drive

Sebastian, FL 32958

$2,795,000 $11,783/Mo

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Overview

Bed

Bath

1.61

Acres(Lot)

Description

JUST REDUCED $200,000! RIVERFRONT 1.61 ACRES WITH 12 COTTAGES. OLD FLORIDA COMMUNITY WITH MODERN DESIGN UNITS RECENTLY UPDATED AND DECORATED BY MULTIPLE LOCAL AND NATIONAL PROFESSIONAL DECORATORS. PRIVATE DOCK AVAILABLE WITH 8 SLIPS TO USE FOR CLIENTS AND GREAT FISHING TOO! ONSITE MANAGER WITH OFFICE, SNACKS, BEER AND WINE,COMPLIMENTARY BIKES, KAYAKS & CANOES. GROUNDS WITH WIDE OPEN GREEN SPACE FOR ACTIVITIES, LARGE OAKS AND NATIVE FLORIDA LANDSCAPING. ADDITIONALLY, ZONED RM-6 FOR POSSIBLE RIVERFRONT 6-7 LUXURY UNIT MULTI FAMILY COMMUNITY. ALSO LISTED AS ML# 293664, VACANT LAND

Property Details

Property Type : ResidentialIncome

Price : $2,795,000

AD Id : 71989611

MLS Id : 293660

Beds : 7

Lot Size : 1.61 Acres

Year Built : 1949

County : Indian River

Subdivision: Lakewood Gardens

Map

What's Nearby

Nearby Areas

Features

Interior Features

WetBar, EatInKitchen, GreatRoom, PrimaryDownstairs, LivingDiningRoom

Roof: RolledHotMop, Shingle

Laundry Features: LaundryRoom

Window Features: SingleHung, Sliding, WindowTreatments
Heating & Cooling

Has Heating: Yes Heating: Central, Electric, Individual Has Cooling: Yes Cooling: CentralAir, Electric, Other Water front: 1

Building Information

Year Built: 1949

Construction Materials: Block, Concrete

Stories: 1

Patio And Porch Features: Covered, Porch, Screened

Pool Features: None

Private Pool: No

Water front Features: IntracoastalAccess,NavigableWater,RiverFront
Exterior Features

Exterior Features: EnclosedPorch, Porch

Lot Information

Lot Dimensions: 187x514 Main Square Feet: 1.61 Lot Size Acres: 1.61 Lot Description: OneToThreeAcres,ModerateTrees,SplitPossible

Property Information

Subdivision: Indian River Farms Source Property Type: ResidentialIncome Zoning Description: Residential Property SubType: Apartment Levels: One Property Age: 77

Listing Price Information

Listing Price: $2795000

Original Price: $2995000

Cash

Tax Information

Parcel Number: 31390800000001000007.0 Tax Lot: 1 Tax Year: 2025 Annual Tax: $18015 Tax Legal Desc: 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

Virtual Tour

Virtual Tour (External Link)

Parking Information

Parking Total: 17 Assigned, OffStreet

Location Information

Direction: US 1 N TO S INDIAN RIVER DR THEN APPROXIMATELY 1/4 MILE NORTH WITH PROPERTY ON EAST SIDE WaterSource: Public Security Features: SmokeDetectors

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
11335 S Indian River Dr.., Sebastian, FL, 32958	$1,295,000	9	--	6,662	6,662 SqFt

The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of the REALTORS Association of Indian River County, Inc.®. IDX information is provided exclusively for consumers' personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. © 2026 REALTORS Association of Indian River County, Inc.®. All rights reserved.

ByOwner last updated this listing 06/18/2026 @ 21:15

MLS: 293660 LISTED BY: Chip Landers, Berkshire Hathaway Florida 772-231-1270 SOURCE: RAIRC