Price Reduction - Waterfront - Master on Main - Lease to Own
5650 S SEA OTTER PATH Homosassa, FL
$ 2,975,000
Property Attributes
  • MLS#S5042288
  • TypeSingle Family
  • CountyCITRUS
  • CityHomosassa
  • AreaHomosassa
  • Zip34448
  • StyleCustom,,Traditional
  • Year Built2000
  • Taxes15124
  • Price$ 2,975,000
  • Bedrooms12
  • Full Bathrooms13
  • Half Bathrooms1
  • Sqr Footage8970
  • Lot Size4 Acres
Listing Provided Courtesy Of:
Data Source:
Stellar MLS
Property Description

SEE ATTACHMENTS FOR ADDITIONAL PROPERTY DIVISION OPTIONS FOR ENTIRE 8.32 RIVER WATERFRONT PENINSULA! PRICE LISTED INCLUDES 5 separate homes (Owner's Main Home and 4 separate rental homes), with an option to purchase 4 (+/-) additional acres. Call this CROWN JEWEL home or create your own VACATION BUSINESS TURN KEY! Nestled directly on the Homosassa River on Fl's Nature Coast, SPRING FED RIVER WITH OTHER RIVERS FLOWING INTO IT. This laid back fishing village is a FL BEST KEPT SECRETE. 20 min boat ride to open gulf access or head up river to famous Homosassa Springs, enjoy fabulous waterfront restaurants around the corner. The Main house is custom built 'Colorado inspired' with HIGH CEILINGS AND WINDOWS, with the best views and sunrises & sunsets of the river. 4/4.5, two story main home has 4570 living sq ft, duel masters (one up, one down), two adjoining bedrooms upstairs can also accommodate a third upstairs master.Incredible architecture,massive light oak beams, soaring ceilings. Southern Charm NOLA inspired banisters, wet bar, gorgeous spiral staircase, ELEVATOR. Open concept, gourmet kitchen. MAIN HOME can easily be turned into four additional rental units,or be enjoyed for your own pampered river lifestyle. FOUR separate income producing stilt homes on property. Two come furnished, fantastic VRBO/AIRBB income 2/2 and 2/3. Two long term, 2/2, w/no lease. NO HOA FEES or RESTRICTIONS.4 docks.Build out potential on the remaining 4 (+/-) acres of untouched land. HUGE POTENTIAL! LUXURY LIVING, BUSINESS OPPORTUNITY, BUILD and GROW. This area allows golf carts on roads and offers close access to LIVE BANDS, INCREDIBLE SEAFOOD, by boat or road.Tranquility and unlimited nature and outdoor activity abounds, MANATEES, DOLPHIN, BIRDS, SCALLOPING, FISHING, BOATING, FRESH SPRING FED WATER, NATURE, DINING, ENTERTAINMENT all out your back door. FREEZER TIKI RESTAURANT, CRUMPS TIKI WITH ENTERTAINMENT, MACRAES, FLORIDA CRACKER RIVERSIDE RESORT AND FLORIDA CRACKER KITCHEN, MARGARETTA GRILL, SEAGRASS RESTAURANT. THIS PROPERTY MAKES AN INCREDIBLE FAMILY COMPOUND, FISHING LODGE, or HIGH INCOME PRODUCING PROPERTY POTENTIAL TO DEVELOP COMMERCIAL, RESIDENTIAL, RECREATIONAL, Possible PUD OPTIONS. SEE ATTACHMENT FOR DIVISION OF PROPERTY POTENTIALS. Call agent for details. Will SELL AS WHOLE 8.32 ACRES (consisting or two current parcels) OR WILL DIVIDE existing parcels separately or re-divide subject to survey as indicated on Attachment. (Re-Divide DIVISION Option 1) ALL 5 HOMES ON 4 (+/-) acres FOR $2.965,00, River Front, Some Otter Creek Frontage, and Canal Frontage. (Re-Divide DIVISION Option 2) 4 (+/-) Vacant buildable lands for $875,000, Road and Otter Creek frontage. (DIVISION Option 3) MAIN HOME and ONE SEPARATE HOME on the RIVER POINT WITH 4 ACRES (+/-) ON RIVER AND DOWN OTTER CREEK, PRICED AT for $1,950,000, as current parcel shows, Alt#3486728 (Includes Owner's main home & one separate single family income producing stilt rental home & acres) (DIVISION Option 4) 3 RENTAL STILT HOMES and 4 (+/-) acreage for DEVELOPMENT ON CANAL AND SOME OTTER CREEK $1,850,000, as current parcel shows Alt#3486716 (Includes Three separate single family incoming producing stilt rental homes & acres.). (DIVISION Option 5) RIVER MAIN house, 4 EXTRA SEPARATE HOMES ON 8.32 ACRES WITH 2000 FEET SHORELINES, 4 DOCKS, $250,000 SEWER INFRASTRUCTURE FOR 34 HOMES, PRICED AT $3,565,000, consisting of the two current parcels, Alt 3486728 & Alt 3486716.

Price History
11/6/2020 Listed $3,575,000
12/15/2020 1% - $3,565,000
3/29/2021 17% - $2,975,000

General Features

Additional Parcels Y/N Yes
Additional Rooms Great Room, Inside Utility, Interior In-Law Suite
Additional Water Information River is spring fed. Several spring rivers merge into Homosassa River. 20 Minutes to Gulf. Four docks (200 feet of dockage).
Appliances Bar Fridge, Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Indoor Grill, Microwave, Refrigerator, Trash Compactor, Washer
Architectural Style Custom, Other, Traditional
Building Elevator Y/N Yes
Carport Spaces 5
Carport Y/N Yes
Construction Materials SIP (Structurally Insulated Panel), Stucco
Cooling Central Air, Zoned
Exterior Features Balcony, Lighting, Rain Gutters, Sidewalk, Sliding Doors
Facing Direction North
Flooring Carpet, Ceramic Tile, Porcelain Tile, Tile, Travertine
Heating Central, Electric, Heat Pump, Zoned
Homestead Yes
Interior Features Cathedral Ceiling(s), Ceiling Fans(s), Eating Space In Kitchen, Elevator, High Ceiling(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Master Bedroom Downstairs, Open Floorplan
Levels Two
MLS Area 34448 - Homosassa
Minimum Lease Period No Minimum
Other Structures Additional Single Family Home, Guest House, Shed(s)
Patio/Porch Features Covered, Wrap Around
Property Description Stilt Home
Property SubType Single Family Residence
Property Type Residential
Roof Metal
Security Features Fire Alarm, Medical Alarm, Security System, Security System Leased, Smoke Detector(s)
Sewer Public Sewer
Special Listing Conditions None
Status Active
Subdivision Name N/A
Terms Cash, Conventional
Township 19
Utilities Cable Connected, Electricity Connected, Public, Sewer Connected, Underground Utilities, Water Connected
View Water
Water Access Type River
Water Access Y/N Yes
Waterfront Features River
Year Built 2000
Zoning PDR

Interior Features

Fireplace Features Decorative, Electric, Living Room, Master Bedroom
Fireplace Y/N Yes
Furnished Y/N Furnished Or Unfurnished
Laundry Features Laundry Room
Living Area 8970.00
Total Bedrooms 12

Exterior Features

Building Area Total 15226.00
Foundation Details Slab, Stilt/On Piling
Lot Features In County, Near Golf Course, Near Marina, Street Paved
Lot Size Acres 4.00
Number of Lots 2
Vegetation Trees/Landscaped, Wooded
Water Extras Dock - Open, Dock - Wood, No Wake Zone, Riprap
Water Extras Yn Yes
Water Frontage Feet River 2000
Water View River
Water View Y/N Yes
Waterfront Feet Total 2000
Waterfront Y/N Yes


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 34448

AVG $580K
AVG $3,201
AVG 36
Year Built
AVG 1993

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