NOT LISTED FOR SALE

1005 N Pennybacker Rd Inverness, FL 34453

Estimated Value: $582,023

9.7 Acres
$60,002 Price per Acre
422,532 Sq Ft Lot

Last Sold May 20, 2025

Last sale price $462,500

Est. 26% increase in value since last sale

Current estimated payment $3,161/month

34 Days on Market

Highlights

  • 1,400 Feet of Chain of Lakes Waterfront
  • 9.7 Acre Lot
  • Fruit Trees
  • Chain Of Lake Views
  • Lake Privileges
  • Private Lot

About This Lot

As of May 2025

Imagine looking out of your master bedroom with this waterview with NO FLOOD ZONE. Inverness offers pristine waterfront living or perhaps a grand fishing escapade. Nestled in the heart of Inverness, FL, this expansive vacant lot offers a remarkable 1400 linear feet of serene water frontage. Not just a property, but a gateway to the enchanting Tsala Apopka chain of lakes and the bountiful Withlacoochee River, famed for its bass fishing that could easily make a professional angler blush. Imagine the possibilities: a custom-built retreat where each sunrise ignites the shimmering waters, or a cozy lodge with decks almost teasing the fish to jump onboard. Thankfully, flooding is a tale for other lands, as this gem is confidently situated outside any flood zones. Adding practical magic to this dreamy plot are an operational well and a power pole, ensuring you’re not starting from scratch. No need for a lengthy expedition to refuel or indulge, as essentials and more are just a stone's throw away. Winn-Dixie for groceries, Stumpknockers for a taste of local cuisine, or perhaps a visit to the nearby Hospital Corporation of America, ensuring peace of mind is always within reach. Boasting the title of the largest waterfront property currently on the market in the area, this is not just a piece of land, but a canvas for the visionary, the nature lover, and yes, the fishing aficionados. So why just dip your toes? Dive in and make waves in creating your dream waterfront escape.

Last Agent to Sell the Property

Russell Barber

BHHS-FLORIDA SHOWCASE PROPERTIES Brokerage Phone: 352-746-0744 License #3491784 Listed on: 04/07/2025

BHHS-FLORIDA SHOWCASE PROPERTIES

Last Buyer's Agent

Victoria Perez

TROPIC SHORES REALTY LLC License #3447250

TROPIC SHORES REALTY LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $896

Lot Details

  • 9.7 Acre Lot
  • 1,400 Ft Wide Lot
  • 1,400 Feet of Chain of Lakes Waterfront
  • Property fronts a private road
  • Partially Fenced Property
  • Mature Landscaping
  • Private Lot
  • Oversized Lot
  • Level Lot
  • Fruit Trees
  • Wooded Lot
  • Property is zoned CL

Utilities

  • 1 Water Well
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Chain Of Lake Views
  • In Flood Plain

Listing and Financial Details

  • Assessor Parcel Number 20E-18S-33-0000-24300
  • Tax Block 24300

Community Details

Overview

  • No Home Owners Association
  • De Busk Unrec Subdivision

Recreation

  • Access To Chain Of Lakes
  • Minimum Wake Zone
  • Lake Privileges
  • Separate Outdoor Workshop

Property Details

Property Type

Land

Est. Annual Taxes

$896

Lot Details

0

Listing Details

  • Property Type: Land
  • Lot Size Acres: 9.7
  • Lot Size Sq Ft: 422630
  • Directions to Property: N Pennybacker Rd
  • Status: Sold
  • Street Direction: N
  • Ownership: Fee Simple
  • Escrow City: Hernando
  • Escrow Postal Code: 34442
  • Escrow State: FL
  • Escrow Street Name: N Essex
  • Escrow Street Number: 2468
  • List Office Head Office Key Nume: 529793919
  • RATIO Current Price By Calculate: 1.09
  • Total Acreage: 5 to less than 10
  • Water Access YN: 1
  • MFR_DockYN: 0
  • Attribution Contact: 352-746-0744
  • Tax Year: 2024
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Living Area Units: Square Feet
  • Street Number Modifier: 1005

Exterior Features

  • Other Structures: Workshop
  • Road Frontage Type: Private Road
  • View: Water
  • Waterfront: Yes
  • Road Surface Type: Asphalt, Gravel, Limerock
  • Water Access: Lake - Chain of Lakes
  • Water Extras: Minimum Wake Zone
  • Water Extras YN: 1
  • Water View: Lake - Chain of Lakes
  • Water View YN: 1
  • Waterfront Feet Total: 1400
  • Price Per Acre: 47680
  • Water Frontage Feet Lake Chain: 1400

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Available
  • Sewer: None
  • Water Source: Well
  • Number of Wells: 1

Condo/Co-op/Association

  • Association: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: CL
  • Parcel Number: 20E-18S-33-0000-24300
  • Additional Parcels: No
  • Current Use: Residential
  • Fencing: Partial
  • Lot Features: Buildable, Flood Plain/Bottom Land, In County, Level, Oversized Lot, Room For Pool, Private
  • Lot Dimensions: IRR
  • Flood Zone Code: AE/X
  • Lot Size Square Meters: 39264

Tax Info

  • Tax Annual Amount: 896.04
  • Tax Block: 24300
  • Tax Book Number: 2340

Multi Family

  • Waterfront Features: Lake Privileges

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2025
Closed on
May 16, 2025
Sold by
Doucette Mark
Bought by
Mcgee Scott
Seller's Agent
Russell Barber
BHHS-FLORIDA SHOWCASE PROPERTIES
Buyer's Agent
Victoria Perez
TROPIC SHORES REALTY LLC
List Price
$599,900
Sold Price
$462,500
Premium/Discount to List
-$137,400
-22.9%
Views
15
Current Estimated Value
$582,023

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,523
Avg. Annual Appreciation
100.68%

Purchase Details

Listed on
Oct 10, 2017
Closed on
May 30, 2018
Sold by
Agostinis Karen E and Graybill Robert M
Bought by
Doucette Mark
Seller's Agent
Robert Volini
SOUTH TAMPA REALTY LLC
Buyer's Agent
TRACEY PINES
REAL ESTATE SOLUTIONS
List Price
$175,000
Sold Price
$125,000
Premium/Discount to List
-$50,000
-28.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.68%

Purchase Details

Closed on
Feb 21, 2008
Sold by
Agostinis Karen E and M William Graybill Living Trus
Bought by
Agostinis Karen E and Graybill Robert M

Purchase Details

Closed on
Mar 1, 1998
Bought by
Agostinis Karen E and Graybill Robert M

Purchase Details

Closed on
Jun 1, 1995
Bought by
Agostinis Karen E and Graybill Robert M

Purchase Details

Closed on
Jan 1, 1981
Bought by
Agostinis Karen E and Graybill Robert M
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mcgee Scott $462,500 Manatee Title
Mcgee Scott $462,500 Manatee Title
Doucette Mark $120,000 Total Home Title Llc
Agostinis Karen E -- None Available
Agostinis Karen E $100 --
Agostinis Karen E $100 --
Agostinis Karen E $11,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/20/2025 05/20/25 Sold $462,500 -22.9% --
05/11/2025 05/11/25 Pending -- -- --
04/07/2025 04/07/25 For Sale $599,900 +379.9% --
06/04/2018 06/04/18 Sold $125,000 -3.8% -- View Prior Sale
05/21/2018 05/21/18 Pending -- -- --
05/03/2018 05/03/18 Price Changed $130,000 -7.1% --
04/16/2018 04/16/18 Price Changed $140,000 -6.7% --
04/04/2018 04/04/18 Price Changed $150,000 -9.1% --
02/06/2018 02/06/18 Price Changed $165,000 -5.7% --
10/10/2017 10/10/17 For Sale $175,000 -- --
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $905 $59,810 $57,590 $2,220
2023 $905 $59,810 $57,590 $2,220
2022 $867 $59,810 $57,590 $2,220
2021 $856 $59,740 $57,590 $2,150
2020 $870 $59,580 $57,590 $1,990
2019 $882 $59,580 $57,590 $1,990
2018 $903 $59,680 $57,590 $2,090
2017 $952 $61,520 $59,360 $2,160
2016 $990 $61,570 $59,360 $2,210
2015 $1,018 $61,690 $59,360 $2,330
2014 $1,056 $61,864 $59,484 $2,380
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2025

    Russell Barber

    BHHS-FLORIDA SHOWCASE PROPERTIES

    (352) 630-3193

    11 in this area

    214 Total Sales

    Russell Barber
    Section Image
  • Victoria Perez

    Buyer's Agent in 2025

    Victoria Perez

    TROPIC SHORES REALTY LLC

    (352) 584-9093

    4 in this area

    145 Total Sales

    Victoria Perez
    Section Image

  • R

    Seller's Agent in 2018

    Robert Volini

    SOUTH TAMPA REALTY LLC

    Section Image
  • TRACEY PINES

    Buyer's Agent in 2018

    TRACEY PINES

    REAL ESTATE SOLUTIONS

    (813) 245-7912

    21 Total Sales

    TRACEY PINES
    Section Image
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Map

Source: Stellar MLS

MLS Number: OM698833

Stellar MLS

APN: 20E-18S-33-0000-24300

Florida Citrus County Inverness 34453

1005 N Pennybacker Rd, Inverness, FL

This home is located at 1005 N Pennybacker Rd, Inverness, FL 34453 since 07 April 2025 and is currently priced at $582,023. 1005 N Pennybacker Rd is a home located in Citrus County with nearby schools including Hernando Elementary School, Inverness Middle School, and Citrus High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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