$1,400,000
$250K PRICE DROP

8711 E Cresco Ln Inverness, FL 34450

Estimated payment $8,138/month

Total Views 9,770
5 Beds
6 Baths
4,786 Sq Ft
$293 Price per Sq Ft

Highlights

  • Boathouse
  • Home Theater
  • 1.23 Acre Lot
  • Lake Front
  • Custom Home
  • Open Floorplan

About This Home

Welcome to your dream oasis at 8711 East Cresco Lane, a non-flood zone brick construction masterpiece of elegance and wit nestled on a sprawling 1.23-acre waterfront estate mere steps away from the Inverness Golf and Country Club. The property is secured by a privacy hedge and luxurious custom Viking wrought iron motorized gates that open to your circular driveway. As you walk through the custom mahogany front doors in to the 4,786 square foot single-story that boasts 4 bedrooms and 5 bathrooms, offering a refined space with a true east and west wing for the buyer of the highest caliber. The property doesn’t just stop at the main house. The charming additional 1,388 square foot boat house also offers a waterfront retreat for your guests and water toys! Step inside to discover a world where sophistication meets comfort. The open floor plan seamlessly connects the living areas, creating an inviting atmosphere perfect for hosting soirees or enjoying quiet evenings with loved ones. The gourmet kitchen, a chef's delight, features a top-of-the-line Z Line 6 burner gas range, 2 electric ovens, Bosch dishwasher and refrigerator, leathered granite countertops with a seamless backsplash, a custom mahogany hood, custom mahogany waterfall countertops, and refined two tone soft close shaker cabinetry with below cabinet and in cabinet lighting. If that wasn’t enough, the adjacent bar comes complete with 2 SubZero refrigerator drawers, a copper sink, U-Line ice maker, custom mahogany bar cabinetry, and the walls are custom Venetian plaster throughout. The luxury is truly unparalleled in this home with herringbone bamboo flooring, 9 inch baseboards, custom crown moldings, coffered ceilings in the media room, vaulted ceilings in the living room, an octagonal tray ceiling in the dining room, Pella impact rated windows and sliders, recessed LED lighting, brass art work sconces, double cedar lined closets, and so much more. The updates are truly endless! Imagine mornings spent sipping coffee walking the estate, with the gentle breeze from the water. Outside, the expansive waterfront lot offers endless possibilities for outdoor enjoyment. Whether you're lounging by the water, practicing your swing, or simply soaking in the quintessential Florida lifestyle, this estate is your personal paradise. Embrace the elegance, relish the wit, and make this extraordinary home yours today. FAVORABLE OWNER FINANCING AVAILABLE WITH $500,000 DOWN!

Listing Agent

Zach Steinberger

COMPASS FLORIDA LLC Brokerage Phone: 727-339-7902 License #3438328 Listed on: 11/13/2024

COMPASS FLORIDA LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,878

Year Built

  • Built in 1968

Lot Details

  • 1.23 Acre Lot
  • Lot Dimensions are 196x233
  • Lake Front
  • South Facing Home
  • Mature Landscaping
  • Oversized Lot
  • Lot Has A Rolling Slope
  • Well Sprinkler System
  • Property is zoned CLR

Parking

  • 2 Car Attached Garage
  • Bathroom In Garage
  • Circular Driveway

Home Design

  • Custom Home
  • Midcentury Modern Architecture
  • Contemporary Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 4,786 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Wet Bar
  • Built-In Features
  • Dry Bar
  • Chair Railings
  • Crown Molding
  • Coffered Ceiling
  • Tray Ceiling
  • Vaulted Ceiling
  • Electric Fireplace
  • Shutters
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Home Theater
  • Den
  • Bonus Room
  • Storage Room
  • Chain Of Lake Views
  • Smart Home

Kitchen

  • Eat-In Kitchen
  • Cooktop with Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Wood
  • Tile
  • Travertine

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • 6 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Access To Lake
  • Access To Chain Of Lakes
  • Boat Port
  • Boathouse
  • Exterior Lighting
  • Front Porch

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Water Filtration System
  • Well
  • Electric Water Heater
  • Water Softener
  • Septic Tank
  • Cable TV Available

Additional Features

  • 1,388 SF Accessory Dwelling Unit
  • Property is near a golf course

Community Details

  • No Home Owners Association
  • Davis Lake Golf Estates Unit 02 Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,878

Year Built

Built in 1968

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Contemporary, Custom, Mid-Century Modern, Ranch
  • Construction Materials: Brick
  • Fireplace: Yes
  • Living Area: 4786
  • Lot Size Acres: 1.23
  • New Construction: No
  • Year Built: 1968
  • Building Area Total: 5888
  • Lot Size Sq Ft: 53687
  • Directions to Property: From US 41N, get off and turn right on E Gobbler Dr, turn left on S Old Florida City Rd, turn right on E Sandpiper Rd, turn left on S Country Club Dr, turn left on E Cresco Lane, and home is on the right.
  • Status: Active
  • Street Direction: E
  • Ownership: Fee Simple
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 169647934
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 292.52
  • Total Acreage: 1 to less than 2
  • Unit Number YN: 0
  • Water Access YN: 1
  • MFR_InLawSuiteYN: 1
  • MFR_DockYN: 0
  • MFR_InLawSuiteDescription: 1 Bathroom,1 Bedroom
  • MFR_InLawSuiteUnderAirSqFt: 1388.00
  • Attribution Contact: 727-339-7902
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Electric
  • Living Area Units: Square Feet
  • Flooring: Tile, Travertine, Wood
  • Full Bathrooms: 6
  • Interior Amenities: Built-in Features, Chair Rail, Coffered Ceiling(s), Crown Molding, Dry Bar, Eat-in Kitchen, High Ceilings, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Smart Home, Solid Wood Cabinets, Stone Counters, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar, Window Treatments
  • Appliances Included: Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Washer, Water Filtration System, Water Softener
  • Foundation Details: Slab
  • Total Bedrooms: 5
  • Levels: One
  • Other Equipment: Irrigation Equipment
  • Stories: 1
  • Window Features: Shutters
  • Street Number Modifier: 8711
  • Additional Rooms: Bonus Room,Den/Library/Office,Family Room,Media Room,Storage Rooms
  • Living Area Meters: 444.63
  • Room Count: 4

Exterior Features

  • Direction Faces: South
  • Other Structures: Boat House
  • Exterior Features: Lighting, Outdoor Shower
  • Roof: Shingle
  • Pool Private: No
  • View: Water
  • Waterfront: Yes
  • Patio and Porch Features: Front Porch, Rear Porch
  • Road Surface Type: Asphalt
  • Water Access: Lake,Lake - Chain of Lakes
  • Water Extras: Boat Port
  • Water Extras YN: 1
  • Water View: Lake,Lake - Chain of Lakes
  • Water View YN: 1
  • Waterfront Feet Total: 0

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Bath In Garage, Circular Driveway

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Sprinkler Well, Water Connected
  • Cooling: Central Air, Ductless
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Room
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

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

Lot Info

  • Zoning: CLR
  • Parcel Number: 20E-19S-22-0020-000A0-0190
  • Additional Parcels: No
  • Lot Features: Near Golf Course, Oversized Lot, Rolling Slope
  • Lot Dimensions: 196x233
  • Flood Zone Code: X
  • Homestead YN: 1
  • Lot Size Square Meters: 4988

Green Features

  • Green Verification Count: 0

Rental Info

  • Lease Restrictions YN: 0

Tax Info

  • Tax Annual Amount: 4877.62
  • Tax Block: A
  • Tax Book Number: 4-28
  • Tax Lot: 19

Multi Family

  • Waterfront Features: Lake Front, Lake Privileges

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $4,878 $363,472 -- --
2023 $4,878 $352,885 $0 $0
2022 $4,565 $342,607 $0 $0
2021 $4,383 $332,628 $0 $0
2020 $4,222 $323,114 $56,700 $266,414
2019 $4,696 $336,948 $56,700 $280,248
2018 $4,101 $266,692 $56,700 $209,992
2017 $2,767 $214,591 $59,500 $155,091
2016 $2,804 $210,177 $59,500 $150,677
2015 $2,848 $208,716 $59,500 $149,216
2014 $2,914 $207,060 $52,840 $154,220
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2025 07/07/25 Price Changed $1,400,000 -6.7% $293 / Sq Ft
01/22/2025 01/22/25 Price Changed $1,500,000 -9.1% $313 / Sq Ft
11/13/2024 11/13/24 For Sale $1,650,000 +371.4% $345 / Sq Ft
11/01/2019 11/01/19 Sold $350,000 -9.1% $65 / Sq Ft
10/02/2019 10/02/19 Pending -- -- --
04/22/2019 04/22/19 For Sale $384,900 -- $72 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $350,000 American Ttl Svcs Of Citrus
Interfamily Deed Transfer -- None Available
Deed $139,500 --
Deed $109,700 --
Deed $192,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $200,000 Credit Line Revolving
Closed $250,000 New Conventional
Closed $100,000 Credit Line Revolving
Closed $25,000 Purchase Money Mortgage
Source: Public Records

Similar Homes in Inverness, FL

  • 130 Blanton Dr, Inverness, FL 34450

    $1,600,000

    • 3 Beds
    • 2 Baths
    • 2,612 Sq Ft
    • 130 Blanton Dr
    • Inverness, FL

    Might be the Last of it's Kind-Over 3 Acres of OPEN Lakefront in the City Limits with access to City Water & Sewer just off US 41 & SR 44 East. Property offers a Large over 2500 sq. ft. Living area 2 story 3 Bedroom 2 Bath House-2 Cottages-1 Duplex PLUS a 34x46 Garage/Workshop w/RV entry doors. Also a double carport/Garage next to the home. This is truly one of a kind in the City Limits.

    Skip Craven Craven Realty, Inc

    Section Image
  • 8700 E Matthew Meadow Ct, Inverness, FL 34453

    $1,743,000

    • 6 Beds
    • 4 Baths
    • 4,235 Sq Ft
    • 8700 E Matthew Meadow Ct
    • Inverness, FL

    115-Acre Waterfront Estate with 6BR/4BA Home, Finished Basement, Pond, Pole Barn & Canal Access to Lake Apopka ChainWelcome to a rare opportunity to own 115 acres of fully fenced, versatile land with over 2,000 feet of waterfront along a canal that leads directly Lake Tsala Apopka Chain of Lakes. The spacious 6-bedroom, 4-bath home includes a finished basement with a separate

    Timothy E Bender Century 21 J.W.Morton R.E.

    Section Image

Source: Stellar MLS

MLS Number: TB8319110

Stellar MLS

APN: 20E-19S-22-0020-000A0-0190