11882 W BAYSHORE DRIVE, Crystal River, FL 34429 - Citrus County

Water-Front Opportunity – Your Dream Home Awaits! Welcome to this rare 3-bedroom, 3-bathroom water-front home, offering an open floor plan, two spacious living areas, and breathtaking views from the comfort of your own home. Nestled on a premium HALF-ACRE LOT with approximately 140 FEET OF WATER FRONTAGE, this property combines stunning waterfront living with endless potential. With an ARV (AFTER REPAIR VALUE) OF $950,000, this is an incredible opportunity for a remodel, teardown and rebuild, or even raising the existing home to enhance its value further. This home is a great candidate for an FHA OR CONVENTIONAL REHAB LOAN. Enjoy the best of Florida’s coastal lifestyle with a fully functional pool, a serene koi pond within the screened enclosure (just needing new screens), and a 10,000 pound boat lift, perfectly suitable for boats 28ft. and a wrap around dock (lift requires new electronics but is otherwise in excellent condition). The spacious 2-car garage offers abundant storage, with an additional storage room and a kayak rack for your outdoor adventures. Inside, the home features TWO PRIMARY SUITES, a wood-burning fireplace, and recessed impact sliders in the living room that provide security and energy efficiency. The open floor plan allows for seamless flow between living spaces, making it ideal for entertaining or relaxing while taking in the incredible views. A guest suite off the pool area provides the perfect retreat for visitors. Although the home was impacted by Hurricane Helene and has been taken down to the studs, it offers a blank canvas for your creative vision and personal touch. With a NEWER ROOF (2021) in excellent condition and a functioning AC SYSTEM (2024), the groundwork is already in place. Whether you envision a full-scale renovation or a custom rebuild, properties like this with extensive water frontage are truly rare. Don’t miss this amazing opportunity to create your dream water-front home—schedule your private tour today!

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