$199,900
$70K PRICE DROP

5297 S Cherokee Way Unit 104 Homosassa, FL 34448

Estimated payment $1,785/month

Total Views 15,023
1 Bed
1 Bath
476 Sq Ft
$420 Price per Sq Ft

Highlights

  • River Access
  • Community Pool
  • Central Air
  • River View
  • Restaurant
  • Combination Dining and Living Room

About This Home

Welcome to your perfect investment opportunity nestled along the serene shores, offering unparalleled views and endless amenities. This one-of-a-kind condotel presents an income stream coupled with living features for up to 3 months. This 1 Bedroom, 1 Bathroom is your cozy retreat , offering comfort and convenience for you and your guests.
Breathtaking Waterview: Wake up to picturesque scenes and the tranquil sounds of the river, offering a truly immersive experience. River Access: Enjoy direct access to the water, great for boating enthusiasts and water sports lovers.
Onsite Management: Hassle-free ownership with dedicated management services ensuring seamless operations. Resort-style Amenities: Indulge in the resort-like lifestyle with a sparkling pool, full-service marina, boat ramps, slips, rentals, kayaking adventures, and exquisite dining options at the onsite restaurant and bar. Generate consistent income through short-term rentals to vacationers seeking a waterfront escape. Tap into the thriving rental market, catering to both leisure and corporate travelers.
Benefit from onsite management, ensuring maximum occupancy and optimal rental rates year-round. Experience worry-free ownership with professional management handling all aspects of property upkeep and guest services. Positioned in a high-demand area with limited supply, ensuring consistent rental demand and competitive rental rates. Proximity to local attractions, shopping, dining, and entertainment venues further enhances the property's appeal to guests and tenants alike. Don't miss out on this extraordinary investment opportunity to own a piece of paradise. Schedule your viewing today and embark on a journey towards financial prosperity and waterfront living!

Last Listed By

Sharon Gallo

DALTON WADE INC Brokerage Phone: 888-668-8283 License #3461694 Listed on: 02/23/2024

DALTON WADE INC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,489

Year Built

  • Built in 1974

Lot Details

  • River Front
  • East Facing Home

HOA Fees

  • $544 Monthly HOA Fees

Parking

  • 1 Parking Garage Space

Home Design

  • Condo Hotel
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 476 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room
  • Laminate Flooring
  • River Views
  • Range

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Outdoor Features

  • River Access
  • Exterior Lighting

Schools

  • Citrus Springs Elementar Elementary School
  • Crystal River Middle School
  • Crystal River High School

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 14 / 20
  • Assessor Parcel Number : 17E19S310060 00010 1040

Community Details

Overview

  • $314 Other Monthly Fees
  • Laura T Association, Phone Number (352) 628-2474
  • Visit Association Website
  • Riverside Villa Subdivision
  • Association Owns Recreation Facilities

Amenities

  • Restaurant
  • Laundry Facilities

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,489

Year Built

Built in 1974

Lot Details

0

HOA Fees

$544 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condo - Hotel
  • Construction Materials: Vinyl Siding
  • Fireplace: No
  • Living Area: 476
  • Lot Size Acres: 0.01
  • New Construction: No
  • Year Built: 1974
  • Building Area Total: 476
  • Lot Size Sq Ft: 451
  • Directions to Property: W Bradshaw St. Continue on W Yulee Dr (CR-490). Turn left onto W Yulee Dr. Continue on S Cherokee Way
  • Status: Active
  • Street Direction: S
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • Floor Number: 1
  • List Office Head Office Key Nume: 163917242
  • Minimum Lease: 1 Month
  • RATIO Current Price By Calculate: 419.96
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • Water Access YN: 1
  • Other Fees Amount: 314
  • MFR_BedroomClosetType: No Closet
  • MFR_NumAssignedParkingSpaces: 1
  • MFR_InLawSuiteYN: 0
  • Attribution Contact: 888-668-8283
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Laminate
  • Full Bathrooms: 1
  • Interior Amenities: Living Room/Dining Room Combo
  • Appliances Included: Electric Water Heater, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 1
  • Levels: One
  • Stories: 1
  • Street Number Modifier: 5297
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 44.22
  • Room Count: 4

Exterior Features

  • Direction Faces: East
  • Exterior Features: Lighting, Other
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: Yes
  • Road Surface Type: Concrete
  • Disclosures: Condominium Disclosure Available, HOA/PUD/Condo Disclosure, Lead Paint, Seller Property Disclosure
  • Water Access: River
  • Water Extras YN: 0
  • Water View: River
  • Water View YN: 1
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Common Area
  • Sewer: Other
  • Water Source: See Remarks

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Pool, Restaurant
  • Association Fee: 544
  • Association Fee Frequency: Monthly
  • Association Name: Laura T
  • Phone: 352-628-2474
  • Association: Yes
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Pet Restrictions: Buyer/Buyer's Agent to verify pet friendly restrictions
  • Association Fee Requirement: Required
  • Association Email: laura@floridacrackerriversideresort.com
  • Association URL: floridacrackerriversideresort.com

Fee Information

  • Total Annual Fees: 10296.00
  • Total Monthly Fees: 858.00
  • Other Fees Term: Monthly
  • Monthly HOA Amount: 544.00

Schools

  • Elementary School: Citrus Springs Elementar
  • High School: Crystal River High School
  • Middle Or Junior School: Crystal River Middle School

Lot Info

  • Zoning: GNC
  • Parcel Number: : 17E19S310060 00010 1040
  • Additional Parcels: No
  • Flood Zone Code: AE
  • Homestead YN: 0
  • Lot Size Square Meters: 42

Green Features

  • Green Verification Count: 0

Rental Info

  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Buyer/Buyer's agent to verify with onsite management

Tax Info

  • Tax Annual Amount: 1489
  • Tax Block: 20
  • Tax Book Number: 2045/0251
  • Tax Lot: 14

Multi Family

  • Waterfront Features: River Front
  • Approval Process: Application agreement required

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $1,489 $69,609 -- $69,609
2023 $1,489 $95,248 $0 $95,248
2022 $1,374 $95,288 $0 $95,288
2021 $1,129 $64,854 $0 $64,854
2020 $1,131 $64,734 $0 $64,734
2019 $1,780 $104,282 $0 $104,282
2018 $1,790 $104,282 $0 $104,282
2017 $1,774 $100,900 $0 $0
2016 $1,853 $101,900 $75,215 $26,685
2015 $1,844 $101,900 $75,215 $26,685
2014 $1,903 $101,900 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/20/2025 02/20/25 Price Changed $199,900 -7.0% $420 / Sq Ft
07/13/2024 07/13/24 Price Changed $215,000 -10.4% $452 / Sq Ft
03/12/2024 03/12/24 Price Changed $239,900 -11.1% $504 / Sq Ft
02/23/2024 02/23/24 For Sale $269,900 -- $567 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Warranty Deed $215,000 Land Title Insurance Of Citr
Corporate Deed $172,500 Dba Crystal River Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $138,320 Credit Line Revolving
Source: Public Records

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Source: Stellar MLS

MLS Number: T3505477

Stellar MLS

APN: 17E-19S-31-0060-00010-1040