Property Description
Crystal River DEEP-WATER CANAL HOME with DIRECT GULF ACCESS + ~$72K GROSS INCOME A rare opportunity to own a fully updated, income-producing waterfront property in one of Crystal River’s most desirable canal communities, offering a compelling combination of proven revenue, major system upgrades, and direct Gulf access. Now operating in its fully updated condition, the home has produced approximately $72,000 in gross rental income over the past 12 months (March 2025–March 2026), demonstrating strong, stabilized earning potential with flexibility for personal use. What truly sets this property apart is the level of completed capital improvements. The home features a new roof (2023), updated AC, water heater, full repipe, sewer conversion, remodeled kitchen and bathrooms, new appliances, updated furnishings, and refreshed interior and exterior finishes — allowing the next owner to step into a turnkey asset with major expenses already addressed. Situated on a quiet deep-water canal with direct access to Kings Bay, Three Sisters Springs, and the Gulf of Mexico, the property includes a personal dock accommodating vessels up to approximately 30 feet, making boating, fishing, scalloping, and sunset cruising part of everyday ownership. Enjoy frequent visits from manatees, dolphins, and coastal wildlife right from your backyard. The 3-bedroom, 2-bath layout is designed for both comfort and guest appeal, featuring two queen bedrooms and a bunk-style third bedroom great for maximizing flexibility and occupancy. The open living space flows naturally into the kitchen and out to thoughtfully designed outdoor areas. Outdoor living is a highlight, with a shaded pergola, fire pit, grill area, multiple seating and dining spaces, and a fully fenced backyard great for entertaining, pets, and family use. Located just minutes from historic downtown Crystal River, waterfront dining, shopping, and the area’s world-renowned springs, the property is ideally positioned for continued demand as both a personal retreat and an income-producing property. Whether you're seeking a turnkey short-term rental, second home with income potential, or a waterfront investment with major upgrades already completed, this property delivers a rare blend of stability, usability, and performance. Opportunities offering this level of updates, income, and direct Gulf access are increasingly hard to find in Crystal River.