ISLAND VIEW COTTAGES
RIVERFRONT 1.61 ACRES
Marketing description
JUST REDUCED $200,000!
1.61 RIVERFRONT ACRES. ZONED RM-6 FOR POSSIBLE RIVERFRONT LUXURY UNIT MULTI FAMILY COMMUNITY. PRIVATE DOCK INCLUDED WITH 8 SLIPS TO USE FOR CLIENTS AND GREAT FISHING. WIDE OPEN GREEN SPACE NEAR THE RIVERFRONT PORTION OF THE LAND AND LARGE OAKS ON FRONT OF PROPERTY. JUST .25 MILES FROM THE SEBASTIAN OLD FLORIDA RIVERFRONT DESIGN AREA WITH SHOPS, RESTAURANTS AND NIGHTLIFE. TAKE YOUR BOAT JUST A SHORT TRIP ACROSS THE INTRACOASTAL TO THE SEBASTIAN INLET AND ATLANTIC OCEAN. CURRENT USAGE IS 12 OLD FLORIDA DESIGN RENTAL COTTAGES RECENTLY UPDATED & PROFESSIONALLY DECORATED.
Investment highlights
Riverfront 1.61 acre parcel with RM-6 zoning allowing for 6-7 units after drainage and parking. End units townhouse sale price in the $1.25-1.75 million dollar per unit. County water and sewer in place. Beautiful parcel with Old Florida oaks at entry and open area on the river for unit location providing wide water views. 8 slip dock included in price. Located just south of the Sebastian Riverfront district and near restaurants and shopping. Current usage is 12 rental cottages recently remodeled by local and out of area professional designers generating over $175,000 in 50% deposits for 2026 reservations.
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