2178 N WATERSEDGE DRIVE
About This Property
The kitchen is nicely equipped with extensive cabinet storage and counter space, newer stainless steel appliances including an additional wine fridge, a large center-island with breakfast bar and vent hood that matches the cabinets, and tiled back splash. The primary suite is well-appointed, with a private en-suite with a luxurious walk-in shower and a large walk-in closet with built-in shelving system.
The back of the home is perfectly suited for those who enjoy entertaining or soaking up the sun in peace, with several areas worth noting– an inviting sun room features tongue-and-groove wood ceilings, ceiling fans, and lots of space for seating and dining. Beyond, a fully screen-enclosed pool area features a sparkling in-ground pool overlooking the nearby canal. Separately, a covered patio area with a pergola has been carefully designed to host a built-in summer kitchen with bar-style seating, extensive storage space with built-in cabinet and counter space, ceiling fan, outdoor sink, and built-in grill. Along the canal is a permanent dock equipped with a boat lift as well as a floating dock, making it easy to launch right from home. Previously used as a VRBO, this home has plenty of opportunity to return to this use if desired to generate additional income thanks to its ideal location! Whether you're seeking a waterfront lifestyle or an investment opportunity with endless potential, this property is a unique opportunity to discover!
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 12, 2026 | Listed by SHOWCASE PROPERTIES OF CENTRAL | $799,000 | |
| Listed by SHOWCASE PROPERTIES OF CENTRAL | |||
| Jan 8, 2025 | Price Decreased |
$699,000
↓ $50K
(6.7%) | |
| Price Decreased | |||
| Nov 19, 2024 | Listed | $749,000 | |
| Listed | |||
| | |||
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Experience Florida’s vibrant Gulf Coast with this stunning water-front home in the quiet neighborhood of Crystal Shores Estates! Directly abutting a private canal that opens up to King’s Bay and the Crystal River, this property is a fantastic option for water enthusiasts looking to spend time boating, fishing, and exploring. Accented by classic palms and a welcoming appearance, the home features a total of 4-bedrooms and 2-baths with over 2,000 sqft of space throughout. Currently in need of some updates and repairs, the home offers a strong starting point for anyone looking for a project to execute their vision. Some features of note include the thoughtful split-bedroom floor plan, many large spaces including the kitchen and living areas, an inviting primary suite with walk-in closet and private en-suite bath, and more. The back of the home is well-designed for those looking to entertain or soak up the sun, with an inviting sun room complete with tongue-and-groove wood ceilings, a large covered patio area with a pergola and built-in summer kitchen, and a fully screen-enclosed pool area with a sparkling in-ground pool. Along the canal is a permanent dock equipped with a boat lift as well as a floating dock, making it easy to launch right from home. Previously used as a VRBO by the current owners, this home has plenty of opportunity to return to this use if desired to generate additional income thanks to its ideal location! Whether you're seeking a waterfront lifestyle or an investment opportunity with endless potential, this property is a unique opportunity to discover!
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| Aug 12, 2016 | Sold | ||
| Sold | |||
| Apr 5, 2005 | Sold | ||
| Sold | |||
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About Citrus
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017