Active

$595,000

Features:
  • 3 Bedrooms
  • 2 Bathrooms
  • 1680 sq ft
Overview
  • ID: MFRTB8472132
  • Bedrooms: 3
  • Bathrooms: 2
  • Size: 1680 sq ft
Property Details
Remarks
Crystal River WATERFRONT CANAL HOME with PERSONAL DOCK + ~$82K GROSS INCOME + DIRECT GULF ACCESS A rare opportunity to own a top-performing waterfront property in one of Crystal River’s most established boating communities, combining strong income, direct water access, and a clean, turnkey ownership experience. Now operating in its fully updated condition, the home has produced approximately $82,000 in gross rental income over the past 12 months (March 2025–March 2026), offering proven, stabilized performance while still allowing for personal use. Positioned on a quiet canal with direct access to Kings Bay, Three Sisters Springs, and the Gulf of Mexico, the property delivers the lifestyle guests consistently seek. The dock provides immediate boating access, making fishing, scalloping, kayaking, and sunset cruising part of everyday ownership. Kayaks convey, reinforcing a true on-the-water experience. Inside, the home presents as clean, comfortable, and guest-ready, with a functional 3-bedroom, 2-bath layout designed to support both personal enjoyment and strong occupancy. The kitchen features granite countertops, modern appliances, and an efficient layout great for entertaining and everyday use. Major system updates have already been completed, including full repipe, updated AC, water heater, plumbing, and sewer connection, offering buyers confidence in the home’s infrastructure and reducing near-term capital expense risk. Located just minutes from historic downtown Crystal River, waterfront dining, shopping, and the area’s world-renowned springs, the property is ideally positioned to continue attracting short-term rental demand. Whether you're seeking a high-performing short-term rental, a waterfront second home with income potential, or a long-term investment, this property offers a compelling combination of strong revenue, essential updates, and direct Gulf access. High-income waterfront opportunities like this are increasingly rare in Crystal River.
Financial Considerations
Price:
$595,000
HOA Fee:
N/A
Tax Amount:
$5654
Price per SqFt:
$354.17
Tax Legal Description:
INDIAN WATERS UNIT 2 PB 4 PG 71 LOT 35 BLK D
Exterior Features
Lot Size:
10558
Lot Features:
FloodZone, In County, Level, Near Golf Course, Near Marina, Paved
Waterfront:
Yes
Parking Spaces:
N/A
Parking:
N/A
Roof:
Metal
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
3
Bathrooms:
2
Heating:
Heat Pump
Cooling:
Central Air
Appliances:
Convection Oven, Dishwasher, Microwave, Refrigerator
Furnished:
Yes
Floor:
Ceramic Tile, Luxury Vinyl
Levels:
Two
Additional Features
Property Sub Type:
Single Family Residence
Style:
N/A
Year Built:
1980
Construction Type:
Frame, Wood Siding
Garage Spaces:
Yes
Covered Spaces:
N/A
Direction Faces:
South
Pets Allowed:
No
Special Condition:
None
Additional Features:
Fire Pit, Lighting, Private Mailbox
Additional Features 2:
N/A
Map
  • Address
    3644 N HIAWATHA TER
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