5088 E Indiana Beach Rd Monticello, IN 47960
Estimated payment $7,673/month
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.
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
Map
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 |
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 |
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: Indiana Regional MLS
MLS Number: 202619381
APN: 91-73-16-000-022.000-020
- 2371 Untalulti Dr
- 2412 N West Shafer Dr
- 2408 N West Shafer Dr
- 2406 N West Shafer Dr
- 4915 E White Point Dr
- 5152 E Oriole Dr
- 5174 Highland Cove Ct
- 5182 Highland Cove Ct
- 2951 N Lakeshore Dr
- 5002 E Oriole Dr
- 2800 N Baers Ct
- 2061 Deepwater (Lot 14) Loop Unit 14
- 2636 N Peterson Dr
- 2067 Deepwater (Lot 13) Loop Unit 13
- 2055 Deepwater (Lot 15) Loop Unit 15
- 5259 E Willow Ct
- 2073 Deepwater (Lot 12) Loop Unit 12
- 5220 E Wenz Dr
- 2049 Deepwater (Lot 16) Loop Unit 16
- 2079 Deepwater (Lot 11) Loop Unit 11
- 216 Heritage Rd
- 5188 S Gingrich Ct
- 805 S Walnut St
- 107 E Lyman Unit B
- 114 E Franklin St Unit 3
- 106 S Illinois St Unit 106 1/2 S. Illinois
- 220 E Front St
- 126 E North St
- 115 E Vine St
- 1914 E 725 N
- 101 High School Ave
- 312 N Illinois St Unit 2nd Floor
- 1670 E 650 N
- 301 W Short St
- 103 N Market St Unit 102
- 111 N Market St Unit 2
- 321 N Monticello St
- 116 E Madison St
- 5813 Huston Rd
- 6272 Spirea Ct
Ask me questions while you tour the home.