Short Sale. Crystal River Luxury Waterfront Estate on King's Bay. Welcome to one of the most extraordinary waterfront residences ever offered in Crystal River—a breathtaking estate that embodies luxury living, unrivaled location, and endless recreational possibilities. Perfectly positioned on a coveted peninsula at the heart of King's Bay, this property offers something truly irreplaceable: sweeping 180-degree views up and down the main river, not just a canal. From sunrise to sunset, the views here are nothing short of spectacular, making it one of the most sought-after waterfront vantage points in all of Florida's Nature Coast. A Home That Marries Elegance & Functionality.Completely reimagined and fully renovated, this turnkey residence is both a private retreat and an investment powerhouse- as a luxury VRBO, even amidst pandemic restrictions. Offering more than 4,400 square feet of climate-controlled living space (including over 2,700 square feet upstairs), the home blends timeless style with modern convenience. Step inside and be immediately captivated by walls of windows framing glittering water views from every direction. The gourmet kitchen, updated in 2021, boasts granite counters, custom cabinetry, a breakfast bar, and a large pantry—perfect for both casual dining and hosting. It flows seamlessly into the spacious family room, where the river is your backdrop for every gathering. Formal living and dining spaces offers additional sophistication, all designed to take advantage of the panoramic setting. The master suite is a sanctuary unto itself, with a California King bed, spa-style bath featuring dual vanities, oversized shower, and soaking tub. Sliding doors open to a private waterside deck where morning coffee or evening cocktails are enjoyed with uninterrupted river views. Two additional queen bedrooms and a beautifully updated full bath complete the upstairs accommodations. Versatile Lower-Level Living. The ground floor is designed for fun, flexibility, and multi-family enjoyment. A second living area with kitchenette opens to a spacious recreation/game room and a bunk suite that sleeps up to nine guests—ideal for little ones, extended family, or rental groups. With three bathrooms (all renovated in 2021), multiple living areas, and smart design, this estate easily accommodates large gatherings without ever feeling crowded. Resort-Style Outdoor Living. Step outside and discover a true Florida paradise. A sparkling private pool is set against the backdrop of the river, with multiple sitting areas perfect for entertaining or relaxing in total privacy. The expansive dock provides everything a boating enthusiast could dream of: a covered Boathouse, separate lift, and direct Gulf access. From here, embark on scalloping trips, sunset cruises, or simply watch the parade of boats drift by while dolphins and manatees make their daily appearances. Location: The Jewel of Crystal River. Beyond the gates of this cul-de-sac enclave lies the very best of the Nature Coast. From the property, you are minutes to Three Sisters Springs, Plantation Golf Club, waterfront restaurants, and the open Gulf of Mexico. Whether you're swimming with manatees, exploring local shops, or savoring world-class fishing and scalloping, life here is a seamless blend of luxury and adventure. This home is more than a residence—it's a lifestyle, an investment, and an escape unlike any other. Opportunities to own a property of this caliber in Crystal River are exceedingly rare!