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260 SE 16TH TERRACE
About This Property
The interior has undergone extensive improvements, creating a clean, updated home with an OPEN AND FUNCTIONAL layout. Improvements include a NEW 2025 ROOF, newer HVAC, updated plumbing, electrical wiring, outlets and lighting, new lower cabinetry and updated appliances. The renovation work was permitted and finalized, with supporting documentation and invoices available.
The kitchen and living spaces provide plenty of room for everyday living and entertaining, while the two-bedroom, two-bath configuration offers comfortable separation and flexibility. Outside, the generous homesite and fenced yard provide additional space for outdoor living, pets, gardening or recreation.
The property previously experienced storm-related water intrusion from Hurricane Helene and was subsequently remediated and renovated. Supporting renovation and permit documentation is available for review. A recent homeowners insurance quote has also been obtained. Buyers should perform their own inspections and due diligence regarding property condition, insurance and flood-related matters.
LOCATION is another standout feature. Enjoy convenient access to DOWNTOWN CRYSTAL RIVER, Kings Bay, Hunter Springs, Three Sisters Springs, restaurants, shopping, boating and the area's renowned springs and waterfront recreation.
If you have been looking for an UPDATED CRYSTAL RIVER HOME with substantial recent improvements, generous outdoor space and convenient access to the area's waterfront attractions, this one deserves a closer look.
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What does this mean?
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 |
|---|---|---|---|
| Oct 2, 2026 | Listed by 54 REALTY LLC | $299,900 | |
| Listed by 54 REALTY LLC | |||
| Aug 16, 2026 | No longer available | - | |
| No longer available | |||
| Aug 1, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jun 30, 2026 | Price Decreased |
$329,900
↓ $19K
(5.5%) | |
| Price Decreased | |||
| Apr 13, 2026 | Listed by Century 21 J.W.Morton R.E. | $349,000 | |
| Listed by Century 21 J.W.Morton R.E. | |||
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One or more photo(s) has been virtually staged. Welcome to your beautifully remodeled retreat in the heart of downtown Crystal River! This stunning 2-bedroom, 2-bath home has been thoughtfully updated from top to bottom, offering the perfect blend of modern comfort and coastal charm.
Step inside to discover a bright, open-concept living space featuring brand-new flooring, fresh paint, and stylish finishes throughout. The fully renovated kitchen boasts sleek countertops, updated cabinetry, and new stainless-steel appliances—ideal for both everyday living and entertaining. Both bedrooms are spacious and inviting, with ample closet space, while the two fully updated bathrooms showcase contemporary fixtures and elegant design. Every detail has been carefully considered, making this home truly move-in ready.
Enjoy the convenience of downtown living with shops, restaurants, and waterfront attractions just moments away. Whether you're looking for a full-time residence, vacation getaway, or investment property, this home offers the best of Florida living in a prime location. Don’t miss your chance to own a turnkey property in one of Crystal River’s most desirable areas!
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About Crystal River
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017