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5088 E Indiana Beach Road

Monticello, IN 47960
  • $1,350,000
  • STATUS: Active
  • ON SITE: 15 Days
  • MLS #: 202619381
UPDATED: 176 min ago
$1,350,000
  • 16
    BEDS
  • 0.23
    ACRES
  • 11
    BATHS
  • 0
    1/2 BATHS
  • 3,376
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1980
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing provided by Jason Conley of Raeco Realty: .

Description

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.

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© 2026 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Data last updated: 2026-06-06T00:27:56.94.

www.felecialivingstonrealestate.com/homes/176725773
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5088 E Indiana Beach Road Monticello, IN 47960

  • Price: $1,350,000
  • Status: Active
  • On Site: 15 Days
  • Updated: 176 min ago
  • MLS #: 202619381
16
Beds
11
Baths
0
½ Baths
0.23
Acres
3,376
SQFT
$400
$/SQFT
1980
Built
Neighborhood:
None
County:
White
Area:
White
Elementary School:
Meadowlawn
Middle School:
Roosevelt
High School:
Twin Lakes
School District:
Twin Lakes School Corp.
Property Description
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.
Exterior Features

Architectural Style Other Channel Frontage 0 Driveway Concrete Exterior BlockVinylWood Fence Partial Lake Type Ski Lake Location City/Town/SuburbLake Lot Description Waterfront Lot Dimensions 166x59 Outbuilding None Parking LotOff StreetPavedPrivatePublicOff Site Parking Spaces 6 Pool Type Indoor Pool YN Yes Roof Material AsphaltShingle Style Two Story Water Access Lakefront Water Features Boat Docking RightsPier/DockPier/Dock Available Water Frontage 60 Water Name Lake Shafer Water Type Lake Waterfront YN Yes

Interior Features

Above Grade Bedrooms 16 Above Grade Finished Sqft 3376 Above Grade Unfin Sq Ft 0 Amenities Hot Tub/SpaOff Street ParkingStorageBalconyBoat Lift-CoveredBoat Lift-PermanentDeck OpenDeck on WaterfrontLandscapedPatio OpenPorch OpenWater Heater Tankless Basement Foundation None Basement Material Poured Concrete Basement YN No Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 0 Cooling Central AirWall ACWindowHeat Pump Dishwashers 0 Disposals 0 Dryers 0 Flooring Vinyl Heating Fuel Forced AirHeat Pump Microwaves 0 Ranges Ovens 8 Refrigerators 9 Rooms Below Grade 0 Total Baths 11 Total Below Grade Sqft 0 Total Sq Ft 3376 Wash Dry Hookups 0 Washers 0

Property Features

Annual Electric Expense 0 Annual Fuel Expense 31800 Annual Gross Rent 330000 Annual Insurance Expense 13243 Annual Maint Expense 22324 Annual Misc 0 Annual Net Income 258408 Annual Property Tax 4225 Annual Trash Expense 0 Annual Water Sewer Exp 0 Assoc Dues Frequency Not Applicable Auction Y / N No Buildings 1 Common Amenities DockSwimming Pool Efficiencies 0 Electric Company NIPSCO Exemptions No Exemptions For Sale Or Rent For Sale Four Bedrooms 1 Gross Monthly Income 27500 Gross Monthly Rent 27000 Lease Term Other New Construction No One Bedrooms 5 Owner Pays CableCoolingElectricFuelHeatingLawn MaintenanceMaintenanceParkingSewerSnow RemovalTaxTrash Collection Owner Real Estate License YN No Pet Restrictions YN No Planned Unit Dev YN No Property Sub Type Apartment Building Proposed Financing CashConventional Reo YN No Restrictions YN No Sale Includes BuildingBusinessLand Sewer Public Tenant Pays None Three Bedrooms 1 Township Union Two Bedrooms 2 Units Rented 0 Water Utility Well Year Taxes Payable 2025

Listing provided by Jason Conley of Raeco Realty: .

© 2026 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty.


© 2026 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Data last updated: 2026-06-06T00:27:56.94.

 
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Keller Williams Realty
Lafayette, West Lafayette
and Kokomo IN,
Listing provided by Jason Conley of Raeco Realty: .