Company Logo
SIGN UP LOG IN

31 Total Photos [Click to View All]

5088 E Indiana Beach Road
Monticello, IN 47960

$1,350,000 - Status: Active
SQFT: 3,376
MLS# 202619381

Welcome to Alexander's Landing, a well-established waterfront resort property located on the shores of Lake Shafer in Monticello, Indiana, just minutes from the popular Indiana Beach Amusement & Water Park. This turnkey hospitality investment features nine guest units with accommodations for up to 56 guests, offering a strong blend of charm, functionality, and proven income performance. Guests enjoy beautiful lakefront views, direct water access with boat docking, and expansive outdoor deck spaces designed for year-round enjoyment. Recent improvements include a brand-new firepit area, new pool heater and pool HRV system, a new hot tub, and select updated furniture, enhancing both guest experience and overall property appeal. The thoughtfully designed suites include kitchen amenities and spacious gathering areas, making the property ideal for vacationing families, large groups, weekend getaways, and corporate retreats. Alexander's Landing has built a strong reputation as a premier destination in the area, backed by excellent guest reviews, repeat clientele, and a successful operating history. This property presents an exceptional opportunity for investors seeking a profitable short-term rental or boutique hospitality asset in one of Indiana's most recognized lake communities. Whether guests are looking for relaxation on the water or quick access to local entertainment and attractions, Alexander's Landing offers a unique resort experience in a highly desirable location. To ensure a smooth transaction and respect the privacy of current occupants, all showing requests must be coordinated through the listing agent. Our goal is to ensure that everyone touring the property is a legitimate, qualified buyer with genuine interest. Consequently, all buyers must complete an initial qualification conversation before a showing is approved. Buyers using financing are required to provide a current mortgage pre-approval letter prior to scheduling, while cash buyers must provide proof of funds. We will also verify whether buyers are currently working with an agent, and we encourage only serious decision-makers to attend. Please note that occupied units require a minimum of 24 hours' advance notice; same-day showings may be limited or declined unless buyers are fully verified and the units are available. Buyers who are not yet financially prepared or are "just looking" will be asked to complete their financing steps before touring the property.

Property Features

MLS#: 202619381
Zip: 47960
Subdivision:
Development: Union
Property Type: Multi Unit - Multiple
Number of Units: 9
Cooling: Central Air, Wall AC, Window, Heat Pump
Days on Site: 4
Heating: Forced Air, Heat Pump
Home Style: Apartment Building
Lot Size: 0.23 acres
Roof Type: Asphalt, Shingle
Stories: 2.0
Year Built: 1980

Feature Descriptions

Above Grade Finished SQFT: 3376
Amenities: Hot Tub/Spa, Off Street Parking, Storage, Balcony, Boat Lift-Covered, Boat Lift-Permanent, Deck Open, Deck on Waterfront, Landscaped, Patio Open, Porch Open, Water Heater Tankless
Common Amenities: Dock, Swimming Pool
Exterior: Block, Vinyl, Wood
Lake Name: Lake Shafer
Location: City/Town/Suburb, Lake
Lot Description: Waterfront
Lot Dimensions: 166x59
Owner Pays: Cable, Cooling, Electric, Fuel, Heating, Lawn Maintenance, Maintenance, Parking, Sewer, Snow Removal, Tax, Trash Collection
Pool Description: Indoor
Sale Inclusions: Building, Business, Land
Sewer: Public
Swimming Pool: Yes
Total Finished SQFT: 3376
Units: 9
Water: Well

Local Schools

High School: Twin Lakes
Middle School: Roosevelt
Elementary School: Meadowlawn
School District: Twin Lakes School Corp.

5088 E Indiana Beach Road | MLS# 202619381

This multi-family property located at 5088 E Indiana Beach Road, Monticello, IN 47960 is currently listed for sale with an asking price of $1,350,000. E Indiana Beach Road is located within the Twin Lakes School Corp. school district. Search Monticello real estate on www.coldwellbanker1stchoice.com today.

Listed By / Shown By

Listed By

Agency Name: Raeco Realty
Agent Name: Jason Conley
Agency Phone: 765-838-2785

Shown By

Agency Title: Coldwell Banker 1st Choice
Agency Phone: (219) 324-2121

IDX logo

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. Data is deemed reliable but is not guaranteed accurate by the MLS

Ask a Question

Ask a Question
  1. Select an Agent

Login to My Homefinder

Pixel