NOT LISTED FOR SALE

501 S Canaday Dr Inverness, FL 34450

Estimated Value: $898,288 - $959,000

4 Beds
2.5 Baths
2,286 Sq Ft
$403/Sq Ft Est. Value

Sale Details

Date Sold: June 27, 2025

Last sale price $975,000 $427 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $5,403 / mo

4 Days on Market

Highlights

  • Boathouse
  • Water Access
  • Barn
  • Lake Front
  • Boat Ramp
  • Solar Heated In Ground Pool

About This Home

As of June 2025

Welcome to your lakefront paradise, where every day begins with a spectacular sunrise over the tranquil waters of Lake Henderson, part of the Tsala Apopka Chain of Lakes. Whether you’re enjoying the peaceful view from bed, sipping coffee in the screened lanai, cooking in your chef’s kitchen, or starting the day w/ a refreshing swim, this home invites serenity at every turn. This spacious 4-bed, 2.5-bath home boasts 2,286 sqft of beautifully designed living space and 3,609 total sqft, all nestled on a lush, landscaped lot just 30 minutes from the Gulf coast. Inside, an open floor plan with soaring ceilings, large windows, and 4 French doors offers incredible natural light and sweeping lake views throughout. Tile floors add a clean, elegant touch, while a wood-burning fireplace brings cozy charm to the main living area. The gourmet kitchen features two refrigerator water hookups, an XL pantry that could double as an office, and expansive countertops—all with breathtaking views of the lake. The primary suite on the first floor offers an ensuite w/ a walk-in shower, an extra-large walk-in closet, & direct access to the lanai. Upstairs, 2 guest bedrooms share a Jack-and-Jill bath and open to a loft-style balcony overlooking both the living space & the lake. Outside, the screened lanai (2023) is an entertainer’s dream with a full kitchen hookup, outdoor TV hookup, 4 ceiling fans, a solar-heated pool w/ multicolored lighting, & those panoramic lake views. The property also includes 2 fully equipped boathouses with remote electric lifts, fans, lights, and water — excellent for boating or fishing. Additional features include an 18x42 RV carport w/ water hook ups & 50-amp service, powered shed, concrete patio, screened garage w/ workbench & storage, lush landscaping w/ crape myrtle, bougainvillea, & gardenia, 7 spigots, a 6-zone irrigation system, 2023 water bladder, dual-zone HVAC, privacy fencing, & no HOA or city water bills. Minutes from Liberty Park, shopping, and dining—this is waterfront living at its finest.

Last Agent to Sell the Property

Luke Whitehurst

Century 21 J.W.Morton R.E. License #3273034 Listed on: 06/04/2025

Century 21 J.W.Morton R.E.

Last Buyer's Agent

Danielle Van der Vlugt

Tropic Shores Realty License #3396356

Tropic Shores Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,033

Year Built

  • Built in 2017

Lot Details

  • 33,319 Sq Ft Lot
  • Lake Front
  • Property fronts a county road
  • West Facing Home
  • Privacy Fence
  • Vinyl Fence
  • Chain Link Fence
  • Level Lot
  • Sprinkler System
  • Cleared Lot
  • Landscaped with Trees
  • Property is zoned CLR

Parking

  • 2 Car Attached Garage
  • Detached Carport Space
  • Garage Door Opener
  • Driveway
  • RV Access or Parking

Home Design

  • Block Foundation
  • Slab Foundation
  • Shingle Roof
  • Ridge Vents on the Roof
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 2,286 Sq Ft Home
  • Multi-Level Property
  • Open Floorplan
  • Tray Ceiling
  • High Ceiling
  • Wood Burning Fireplace
  • Double Pane Windows
  • Double Hung Windows
  • Blinds
  • Double Door Entry
  • Lake Views

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Oven
  • Electric Range
  • Range Hood
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Shower Only
  • Separate Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer
  • Laundry Tub

Home Security

  • Home Security System
  • Fire and Smoke Detector

Pool

  • Solar Heated In Ground Pool
  • Room in yard for a pool
  • Screen Enclosure

Outdoor Features

  • Water Access
  • Rip-Rap
  • Boat Ramp
  • Boathouse
  • Lake Privileges
  • Deck
  • Exterior Lighting
  • Shed
  • Rain Gutters

Schools

  • Inverness Primary Elementary School
  • Inverness Middle School
  • Citrus High School

Farming

  • Barn

Utilities

  • Central Air
  • Heat Pump System
  • Programmable Thermostat
  • Well
  • Water Heater
  • Water Purifier is Owned
  • Water Softener is Owned
  • Septic Tank
  • High Speed Internet

Community Details

Overview

  • No Home Owners Association
  • Gospel Island Homesites Subdivision

Amenities

  • Shops

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,033

Year Built

Built in 2017

Lot Details

0.76 Acres

Parking

2

Listing Details

  • Architectural Style: Multi-Level
  • Carport Y N: Yes
  • Directions: From downtown Inverness go on N Apopka Ave, turn right on Gospel Island rd. Turn right on E Allen Dr. Turn right onto S Canaday Dr. Home is on the right.
  • Water Frontage Type: Lakefront, Waterfront
  • Garage Yn: Yes
  • Lot Size Acres: 0.76
  • New Construction: No
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • Subdivision Name: Gospel Island Homesites
  • Year Built: 2017
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Oven, Electric Range, Water Purifier Owned, Refrigerator, Range Hood, Water Softener Owned, Water Heater, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: Double Door Entry
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Tile
  • Interior Amenities: Breakfast Bar, Tray Ceiling(s), Eat-in Kitchen, Fireplace, High Ceilings, Main Level Primary, Primary Suite, Open Floorplan, Stone Counters, Split Bedrooms, Shower Only, Separate Shower, Updated Kitchen, Walk-In Closet(s), Wood Cabinets, Window Treatments, First Floor Entry, Programmable Thermostat
  • Living Area: 2286.0
  • Window Features: Blinds, Double Hung, Double Pane Windows

Exterior Features

  • Construction Type: Stucco
  • Direction Faces: West
  • Exterior Features: Sprinkler/Irrigation, Landscaping, Lighting, Rain Gutters, Concrete Driveway, Paved Driveway, Room For Pool
  • Fencing: Chain Link, Mixed, Privacy, Vinyl
  • Foundation Details: Block, Slab
  • Lot Features: Cleared, Flat, Trees
  • Other Structures: Barn(s), Shed(s), Boat House
  • Patio And Porch Features: Deck
  • Pool Features: Concrete, Heated, In Ground, Pool, Screen Enclosure, Solar Heat
  • Roof: Asphalt, Shingle, Ridge Vents
  • Topography: Varied
  • View: Lake, Water
  • View: Yes
  • Waterfront Features: Boat Ramp/Lift Access, Lake Privileges, Riprap, Water Access, Lake Front, Waterfront
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Concrete, Detached Carport, Driveway, Garage, Paved, Garage Door Opener, RV Access/Parking
  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Laundry Features: Laundry - Living Area, Laundry Tub
  • Security: Security System, Smoke Detector(s)
  • Sewer: Septic Tank
  • Utilities: High Speed Internet Available
  • Water Source: Well

Condo/Co-op/Association

  • Association: No
  • Community Features: Shopping
  • Senior Community: No

Schools

  • Elementary School: Inverness Primary
  • High School: Citrus High
  • Middle Or Junior School: Inverness Middle

Lot Info

  • Lot Size Sq Ft: 33319.0
  • Zoning: CLR

Tax Info

  • Tax Annual Amount: 5032.65
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2025
Closed on
Jun 23, 2025
Sold by
Dunham Jeffrey and Jeff And Lori Dunham Family Trust
Bought by
Sullivan Family Trust and Sullivan
Seller's Agent
Luke Whitehurst
Century 21 J.W.Morton R.E.
Buyer's Agent
Danielle Van der Vlugt
Tropic Shores Realty
List Price
$995,000
Sold Price
$975,000
Premium/Discount to List
-$20,000
-2.01%
Views
24
Current Estimated Value
$921,072

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$53,928
Avg. Annual Appreciation
-6.06%

Purchase Details

Listed on
Sep 4, 2018
Closed on
Jun 28, 2019
Sold by
Shcell Frank and Shcell Eileen
Bought by
Dunham Jeffrey and Dunham Lori A
Seller's Agent
John Holloway
The Holloway Group
Buyer's Agent
Ernestine Brinager
Tropic Shores Realty
List Price
$529,900
Sold Price
$475,000
Premium/Discount to List
-$54,900
-10.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.73%
Original Mortgage
$300,000
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 18, 2016
Closed on
May 5, 2016
Sold by
Bradshaw Robert Wesley and Bradshaw Leigh Ann
Bought by
Schell Frank and Schell Eileen
Seller's Agent
Margaret Turner
ERA American Suncoast Realty
Buyer's Agent
Quade Feeser
Century 21 J.W.Morton R.E.
List Price
$125,000
Sold Price
$100,000
Premium/Discount to List
-$25,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
63.99%

Purchase Details

Closed on
Jul 1, 2013
Bought by
Schell Frank and Schell Eileen

Purchase Details

Closed on
Feb 26, 2003
Sold by
Lanham Debrah D
Bought by
Bradshaw Robert Wesley and Bradshaw Leigh Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
5.95%

Purchase Details

Closed on
Jun 1, 2002
Bought by
Schell Frank and Schell Eileen

Purchase Details

Closed on
Dec 1, 1987
Bought by
Schell Frank and Schell Eileen

Purchase Details

Closed on
Mar 1, 1986
Bought by
Schell Frank and Schell Eileen

Purchase Details

Closed on
Apr 1, 1983
Bought by
Schell Frank and Schell Eileen
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Sullivan Family Trust $975,000 First National Title
Sullivan Family Trust $975,000 First National Title
Dunham Jeffrey $475,000 First International Ttl Inc
Schell Frank $100,000 First Intl Title Inc
Schell Frank $100 --
Bradshaw Robert Wesley $65,000 Citrus Land Title Llc
Schell Frank $100 --
Schell Frank $85,000 --
Schell Frank $100 --
Schell Frank $100 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner Dunham Jeffrey $300,000
Previous Owner Bradshaw Robert Wesley $55,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/27/2025 06/27/25 Sold $975,000 -2.0% $427 / Sq Ft
06/08/2025 06/08/25 Pending -- -- --
06/04/2025 06/04/25 For Sale $995,000 +109.5% $435 / Sq Ft
06/28/2019 06/28/19 Sold $475,000 -10.4% $201 / Sq Ft View Prior Sale
05/29/2019 05/29/19 Pending -- -- --
09/04/2018 09/04/18 For Sale $529,900 +429.9% $224 / Sq Ft
05/05/2016 05/05/16 Sold $100,000 -20.0% $49 / Sq Ft View Prior Sale
04/18/2016 04/18/16 For Sale $125,000 -- $61 / Sq Ft
Source: REALTORS® Association of Citrus County

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
2025 $5,033 $377,069 -- --
2024 $4,921 $366,442 -- --
2023 $4,921 $355,769 $0 $0
2022 $4,605 $345,407 $0 $0
2021 $4,422 $335,347 $0 $0
2020 $4,332 $330,717 $45,580 $285,137
2019 $4,128 $313,112 $45,580 $267,532
2018 $4,168 $319,152 $45,580 $273,572
2017 $702 $45,330 $45,330 $0
2016 $1,388 $92,519 $33,250 $59,269
2015 $1,172 $66,715 $27,910 $38,805
2014 $1,332 $73,860 $28,981 $44,879
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTORS® Association of Citrus County

MLS Number: 845244

REALTORS® Association of Citrus County

APN: 20E-19S-09-0010-000A0-0070

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