, CRYSTAL RIVER, FL 34429

Description

Auction Property. AUCTION PROPERTY: List price may not reflect final sales price. List price is starting bid and non-reflective of value. Auction ends Thursday, March 20 at 4pm. This property checks all the boxes. Situated on a prime waterfront lot with direct access to the Gulf, this hidden gem is located in the canal community of Dixie Shores. This concrete block home was unfortunately flooded during the last hurricane and has been completely gutted down to the stud walls. A Substantial Damage Determination Letter from the county is in the bidder packet. A recent appraisal places the pre-damage value of the home above the 51% damage allowed by Citrus County, purchaser may make an appeal of the Substantial Damage Letter. Purchaser is expected to do their own due diligence. With an 80' reinforced concrete seawall, an existing fixed dock, and boat davits, this property is ready for your boating adventures. Enjoy your own private oasis with an in-ground concrete pool with fully screened enclosure. The pool, which was resurfaced in 2018, is grandfathered in—a rare benefit, as the county does not allow new pool permits in this community. Please note, the pump and equipment may need replacement due to storm damage, presenting an opportunity for upgrades. Whether you're looking to rebuild your dream home, create a vacation getaway, or generate income through a high-end Airbnb, this property offers incredible potential. It has previously been successfully rented as an Airbnb with an established history of income (see attached 2024 rental records). The current owner has received quotes of $11,000–$12,000 for the demolition and removal of the existing structure, clearing the way for your next project. Come discover Crystal River—enjoy great fishing, swim with the manatees, dive for scallops, play top-rated golf courses or just enjoy the Florida sunshine. Dixie Shores is a community on the rise and will soon become the next go-to destination. Don’t miss out on this extraordinary opportunity to invest in this prime location!