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33215341
28940111

1218 SE 4th Ave, Crystal River, FL 34429

LPT Realty
Listed by LPT Realty
$539,900
193 days on market
Updated 26 days ago

CRYSTAL RIVER RANCH - IDEAL HOLD & REDEVELOP.

Details
APN 17E18S280150 0280
Property Type Multifamily, Hospitality (+1)
Sub Type Motel, AirBnB (+1)
Square Footage 1,964
Net Rentable (SqFt) 1,964
Units 1
Cap Rate 8.33%
NOI $45,000
Occupancy 65%
Tenancy Vacant
Pro-Forma Cap Rate 9.45%
Pro-Forma NOI $51,000
Price per SqFt $275
Broker Co-Op Yes
Class B
Year Built 1979
Year Renovated 2025
Buildings 1
Stories 1
Zoning R
Investment Type Value Add
Ground Lease No

Multifamily | 1 Unit | $539,900/unit

Marketing description

Waterfront Asset with Premier Seasonal Rental Potential – Crystal River, FL

INVESTMENT OVERVIEW An exceptional, turn-key waterfront opportunity situated in the highly coveted Kings Bay/Three Sisters Springs basin of Crystal River. This updated 3-bedroom, 2-bathroom residential asset is perfectly positioned to capture premium seasonal and executive rental yields. Operating on optimized 2-to-4-week reservation cycles, the property maximizes rental income within local municipal guidelines, making it an ideal addition to a luxury vacation rental portfolio or a high-end corporate retreat strategy.

  • Financial Status: Pro Forma Estimates Available (Not Currently Active)
  • Location: Just off Kings Bay, Crystal River, FL (Direct Gulf Access)
  • Frontage: 80+ Linear Feet of Spring-Fed Canal Frontage
  • HOA/CDD: None (Unrestricted Operational Flexibility)

Investment Highlights

  • High-Yield Location: Positioned in a premier eco-tourism hub with an incredibly active, high-demand snowbird and seasonal vacation market.
  • Operational Compliance: Strategically structured for 2–4 week minimum stays to ensure seamless compliance with local municipal codes while commanding premium mid-term furnished rates.
  • Unrestricted Asset: Zero HOA or CDD restrictions allow for maximum owner control, optimized operational flexibility, and lower carrying costs.
  • Premium Marine Location: 80+ feet of direct waterfront on clear, spring-fed canals sourced from Three Sisters Springs, featuring frequent manatee and dolphin sightings alongside world-class Gulf-access fishing.

Property & Capital Improvements

This asset has been heavily updated with high-durability, low-maintenance finishes designed to withstand the coastal elements and minimize long-term capital expenditures (CapEx):

  • Building Envelope: Newly installed, energy-efficient hurricane-impact windows for enhanced storm resilience and reduced insurance premiums.
  • Interior Finishes: Modernized throughout with high-traffic luxury vinyl plank (LVP) flooring, seamlessly blending aesthetic appeal with commercial-grade durability.
  • Expanded Living Space: A fully conditioned and heated Florida Room equipped with skylights, a custom bar, and panoramic water views, significantly expanding the property’s functional square footage.
  • Core Amenities: Features a charming wood-burning fireplace, ideal for creating a cozy, premium ambiance during peak winter rental months.
DISCLAIMER: All financial representations, income streams, and cap rate considerations are strictly pro forma estimates and projections based on current market trends for premium furnished rentals in the immediate area. This is not currently an active income-producing asset, and past performance is not a guarantee of future returns.

Investment highlights

  • Financial Status: Pro Forma Estimates Available (Not Currently Active)
  • Location: Just off Kings Bay, Crystal River, FL (Direct Gulf Access)
  • Frontage: 80+ Linear Feet of Spring-Fed Canal Frontage
  • HOA/CDD: None (Unrestricted Operational Flexibility)

Listing Contacts

LPT Realty
Listed by LPT Realty

Valuation Calculator

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$45,000.00
$3,750.00/mo

Valuation Metrics

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DSCR
8.33%
Cap Rate
8.33%
ROI

Map

Zoning

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SN-1 ResidentialSingle FamilySuburban Neighborhood 1
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Last updated Feb 3, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Jonathan DeBellevue
License
3504079
Brokerage Phone
813-550-5613
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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