$1,300,000
$350K PRICE DROP

8711 E Cresco Ln Inverness, FL 34450

Estimated payment $7,298/month

Total Views 11,188
5 Beds
6 Baths
4,786 Sq Ft
$272 Price per Sq Ft

Highlights

  • Boathouse
  • Updated Kitchen
  • Lake Privileges
  • Lake Front
  • 1.23 Acre Lot
  • Room in yard for a pool

About This Home

Welcome to your dream oasis! 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 hidden 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, and custom mahogany bar cabinetry. The luxury is 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! Whether you're lounging by the water, practicing your swing, or simply soaking in the quintessential Florida lifestyle, this estate is your personal paradise. FAVORABLE OWNER FINANCING AVAILABLE WITH $500,000 DOWN!

Listing Agent

Zach Steinberger

Compass Florida LLC 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
  • Lake Front
  • Landscaped
  • Irregular Lot
  • Lot Has A Rolling Slope
  • Sprinkler System
  • Cleared Lot
  • Property is zoned R1

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Circular Driveway
  • Parking Garage Space

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 4,786 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Bar Fridge
  • Crown Molding
  • Coffered Ceiling
  • Tray Ceiling
  • Vaulted Ceiling
  • Recessed Lighting
  • Fireplace
  • Impact Glass

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Freezer
  • Bosch Dishwasher
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Bamboo
  • Travertine

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 6 Full Bathrooms
  • Secondary Bathroom Jetted Tub

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Room in yard for a pool
  • Boathouse
  • Lake Privileges
  • Outdoor Water Feature
  • Exterior Lighting
  • Pergola

Schools

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

Utilities

  • Central Heating and Cooling System
  • Well
  • Water Heater
  • Water Purifier is Owned
  • Water Softener is Owned
  • Septic Tank

Community Details

  • No Home Owners Association
  • Davis Lake Golf Est. Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,878

Year Built

Built in 1968

Lot Details

0

Parking

2

Listing Details

  • Architectural Style: Contemporary, Ranch, One Story
  • Carport Y N: No
  • Directions: 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.
  • Water Frontage Type: Lakefront
  • Garage Yn: Yes
  • Unit Levels: One
  • Lot Size Acres: 1.23
  • New Construction: No
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: City Street
  • Building Stories: 1
  • Subdivision Name: Davis Lake Golf Est.
  • Year Built: 1968
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Bar Fridge, Dryer, Dishwasher, Electric Oven, Electric Range, Freezer, Gas Cooktop, Disposal, Gas Oven, Gas Range, Microwave, Water Purifier Owned, Refrigerator, Range Hood, Water Softener Owned, Water Heater, Washer
  • Full Bathrooms: 6
  • Total Bedrooms: 5
  • Flooring: Bamboo, Tile, Travertine
  • Interior Amenities: Wet Bar, Tray Ceiling(s), Coffered Ceiling(s), Eat-in Kitchen, Fireplace, High Ceilings, Jetted Tub, Primary Suite, Pantry, Stone Counters, Split Bedrooms, Updated Kitchen, Vaulted Ceiling(s), Walk-In Closet(s), Wood Cabinets, First Floor Entry
  • Living Area: 4786.0
  • Window Features: Impact Glass

Exterior Features

  • Construction Type: Block, Concrete, Brick
  • Exterior Features: Sprinkler/Irrigation, Landscaping, Lighting, Water Feature, Circular Driveway, Room For Pool
  • Foundation Details: Block, Slab
  • Lot Features: Acreage, Cleared, Irregular Lot, Rolling Slope, Sloped
  • Other Structures: Garage(s), Pergola, Boat House
  • Pool Features: None
  • Roof: Asphalt, Shingle
  • Waterfront Features: Lake Privileges, Lake Front, Waterfront
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Circular Driveway, Garage, Garage Door Opener
  • Total Parking Spaces: 2.0

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Laundry - Living Area
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Lot Size Sq Ft: 53687.0
  • Zoning: R1

Tax Info

  • Tax Annual Amount: 4877.62
  • Tax Year: 2023

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
09/23/2025 09/23/25 Price Changed $1,300,000 -7.1% $272 / Sq Ft
07/07/2025 07/07/25 Price Changed $1,400,000 -6.7% $293 / Sq Ft
06/02/2025 06/02/25 For Sale $1,500,000 0.0% $313 / Sq Ft
05/31/2025 05/31/25 Off Market $1,500,000 -- --
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: REALTORS® Association of Citrus County

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 $25,000 Purchase Money Mortgage
Source: Public Records

Source: REALTORS® Association of Citrus County

MLS Number: 839038

REALTORS® Association of Citrus County

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