$1,350,000

5088 E Indiana Beach Rd Monticello, IN 47960

Estimated payment $7,673/month

Total Views 461
16 Beds
11 Baths
3,376 Sq Ft
$400 Price per Sq Ft

Highlights

  • 60 Feet of Waterfront
  • Boat Lift
  • Lake Property
  • Community Boat Dock
  • Indoor Pool
  • Balcony

About This Home

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.

Listing Agent

Jason Conley

Raeco Realty Listed on: 05/21/2026

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,225

Year Built

  • Built in 1980

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 166x59
  • 60 Feet of Waterfront
  • Lake Front
  • Partially Fenced Property
  • Landscaped

Home Design

  • Poured Concrete
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding
  • Block Exterior
  • Vinyl Construction Material

Interior Spaces

  • 3,376 Sq Ft Home
  • 2-Story Property
  • Vinyl Flooring

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 11 Full Bathrooms

Parking

  • 6 Parking Spaces
  • Public Parking
  • Private Parking
  • Driveway
  • Paved Parking
  • Parking Lot
  • Off-Street Parking
  • Off-Site Parking

Pool

  • Indoor Pool
  • Spa

Outdoor Features

  • Sun Deck
  • Boat Lift
  • Docks
  • Dock Rights
  • Lake Property
  • Lake, Pond or Stream
  • Balcony
  • Patio
  • Porch

Location

  • Suburban Location

Schools

  • Meadowlawn Elementary School
  • Roosevelt Middle School
  • Twin Lakes High School

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Heat Pump System
  • Well
  • Tankless Water Heater

Listing and Financial Details

  • Assessor Parcel Number 91-73-16-000-022.000-020

Community Details

Recreation

  • Community Boat Dock
  • Community Pool

Building Details

  • Fuel Expense $31,800
  • Insurance Expense $13,243
  • Maintenance Expense $22,324

Additional Features

  • 9 Units
  • Community Storage Space

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,225

Year Built

Built in 1980

Lot Details

10,019 Sq Ft Lot

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Waterfront: Yes
  • Year Built: 1980
  • Style: Two Story
  • Bedrooms: 16
  • Total Bathrooms: 11
  • Total Full Bathrooms: 11
  • Legal Description: UNTALULTI ADD 60' S/E LOT 107
  • Parcel Number ID: 91-73-16-000-022.000-020
  • Platted: Yes
  • 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
  • Location: City/Town/Suburb, Lake
  • Special Features: None

Interior Features

  • Total Sq Ft: 3376
  • Total Finished Sq Ft: 3376
  • Above Grade Finished Sq Ft: 3376
  • Basement Material: Poured Concrete
  • Flooring: Vinyl
  • Number Of Ranges Ovens: 8

Exterior Features

  • Exterior: Block, Vinyl, Wood
  • Roof Material: Asphalt, Shingle
  • Pool: Indoor
  • Pool: Yes
  • Fence: Partial
  • Lake Type: Ski Lake
  • Water Features: Boat Docking Rights, Pier/Dock, Pier/Dock Available
  • Water Frontage: 60
  • Water Name: Lake Shafer
  • Stories: 2

Garage/Parking

  • Driveway: Concrete
  • Number Of Parking Spaces: 6
  • Parking: Lot, Off Site, Off Street, Paved, Private, Public

Utilities

  • Cooling: Central Air, Heat Pump, Wall AC, Window
  • Heating Fuel: Forced Air, Heat Pump
  • Sewer: Public
  • Water Utilities: Well
  • Electric Company: NIPSCO
  • Water Type: Lake
  • Annual Fuel Expense: 31800
  • Annual Insurance Expense: 13243
  • Annual Maintenance Expense: 22324

Condo/Co-op/Association

  • Common Amenities: Dock, Swimming Pool

Schools

  • Elementary School: Meadowlawn

Lot Info

  • Lot Description: Waterfront
  • Lot Dimensions: 166x59
  • Estimated Lot Sq Ft: 10019
  • Estimated Lot Size Acres: 0.23

Rental Info

  • Owner Pays: Cable, Cooling, Electric, Fuel, Heating, Lawn Maintenance, Maintenance, Parking, Snow Removal, Sewer, Tax, Trash Collection

Multi Family

  • Water Access: Lakefront
  • Number Of Refrigerators: 9
  • Number Of Units: 9
  • Num Of1 Bedrooms: 5
  • Num Of2 Bedrooms: 2
  • Number Of 4 Bedrooms: 1

Tax Info

  • Annual Property Tax: 4225

MLS Schools

  • High School: Twin Lakes
  • Middle School: Roosevelt
  • School District: Twin Lakes School Corp.

Map

Range of Values:

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Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,217 $364,400 $83,700 $280,700
2024 $3,670 $301,800 $83,700 $218,100
2023 $3,646 $316,500 $83,700 $232,800
2022 $3,648 $314,200 $83,700 $230,500
2021 $3,548 $298,600 $83,700 $214,900
2020 $3,689 $307,200 $83,700 $223,500
2019 $3,559 $308,800 $83,700 $225,100
2018 $3,527 $310,300 $83,700 $226,600
2017 $3,385 $317,700 $83,700 $234,000
2016 $3,313 $320,200 $83,700 $236,500
2014 $3,416 $327,400 $83,700 $243,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/21/2026 05/21/26 For Sale $1,350,000 -- $400 / Sq Ft
Source: Indiana Regional MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Deed $1,250,000 Meridian Title Company
Quit Claim Deed -- Attorney Only
Grant Deed $212,500 Attorney Only
Source: Public Records

Source: Indiana Regional MLS

MLS Number: 202619381

Indiana Regional MLS

APN: 91-73-16-000-022.000-020

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