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    Waterfront Apartments on Gulf to Lake
    Updated: Oct 4, 2025
    Waterfront Apartments on Gulf to Lake

    1259 S ELMWOOD Drive, Inverness, FL 34450

    $1,200,000
    5,400 sqft 0.66 AC lot
    Waterfront property with boat ramp access to a chain of lakes, offering potential for high income through Airbnb.
    Ten completely renovated units (efficiency, eight 1‑bedroom, one 2‑bedroom) ready for immediate rental income.
    Two additional 2‑bedroom units framed and ready to be finished, providing opportunity for increased income.
    Substantial investment in new infrastructure: septic system, electrical system (sub panel per unit), plumbing system, AC units with foam insulation, water tanks and filtration system.
    Significant upgrades to interiors including cabinets, flooring, fixtures, appliances, and painting.
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    Waterfront Apartments on Gulf to Lake
    Updated: May 18, 2025
    Waterfront Apartments on Gulf to Lake

    1259 S Elmwood Drive, Inverness, FL 34450

    $1,200,000
    5,400 sqft
    Waterfront property with boat ramp access to a chain of lakes, potentially ideal for Airbnb and high rental income.
    Ten completely renovated units, including a mix of efficiency, one‑bedroom, and two‑bedroom apartments, ready for immediate occupancy.
    Two additional 2‑bedroom units framed and ready to be finished, offering potential for increased income.
    Substantial recent investments in critical infrastructure: new septic, electrical, and plumbing systems.
    New AC units with foam insulation on the roofing.
    View details
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 2 Active listings in Inverness, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 7 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Southern Pines Townhome-Style Apartments
    Southern Pines Townhome-Style Apartments

    3041 SW 20TH St, Ocala, FL 34474

    $1,175,000
    0.50 AC lot

    Well-maintained apartment community near College of Central Florida.

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    Income Property Near College
    Income Property Near College

    2621 SW 33 Ave, Ocala, FL 34474

    $1,399,000

    Eight-unit income property near College of Central Florida.

    View details
    Belleview Multifamily Investment Opportunity
    Belleview Multifamily Investment Opportunity

    11585 SE 59th Avenue, Belleview, FL 34420

    $475,000

    Six-unit multifamily property with income and value-add potential.

    View details
    Belleview Multi-Family Investment Opportunity
    Belleview Multi-Family Investment Opportunity

    5433 SE 113TH STREET, Belleview, FL 34420

    $465,000
    2,406 sqft 0.21 AC lot

    Seven-unit mobile home park near shopping and dining in Belleview.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Waterfront Lot in Treasure Island
    Waterfront Lot in Treasure Island

    141 104TH AVENUE, Treasure Island, FL 33706

    $2,225,000
    0.34 AC lot

    Waterfront lot zoned for multifamily residential use in Treasure Island.

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    Prime Miami Development Opportunity
    Prime Miami Development Opportunity

    2801 NW 102nd St, Miami, FL 33165

    $4,350,000
    0.96 AC lot

    Rare 1-acre parcel in Miami, pre-approved for 80+ units.

    View details
    Ocean Springs Highway 90 Land
    Ocean Springs Highway 90 Land

    Bienville Blvd, Ocean Springs, MS 39564

    $675,000
    143,748 sqft 3.30 AC lot

    3.3 acre commercial land on Highway 90, Ocean Springs.

    View details
    Greenville Development Opportunity: 1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

    71 Salters Road, Greenville, SC 29607

    $699,900
    1.33 AC lot

    1.33 acre parcel suitable for multi-family development near downtown.

    View details

    Off-Market Properties in Inverness, FL

    Consider similar Off-Market properties in Inverness, FL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    4949 Anna Jo Dr
    APARTMENT HOUSE (5+ UNITS)

    4949 Anna Jo Dr, Inverness, FL 34452-8311

    $1,485,000
    Estimated value
    9,402 sqft 1.62 AC lot
    View details
    6003 Turner Cp Rd
    APARTMENT HOUSE (5+ UNITS)

    6003 Turner Cp Rd, Inverness, FL 34453-7092

    Value Estimation by Request
    8,726 sqft 0.45 AC lot
    View details
    5321 Pleasant Grv Rd
    APARTMENT HOUSE (5+ UNITS)

    5321 Pleasant Grv Rd, Inverness, FL 34452-7804

    Value Estimation by Request
    9,402 sqft 1.80 AC lot
    View details
    300 Washington Ave
    APARTMENT HOUSE (5+ UNITS)

    300 Washington Ave, Inverness, FL 34450-4909

    $610,000
    Estimated value
    4,768 sqft 5.30 AC lot
    View details
    409 Vine St
    APARTMENT HOUSE (5+ UNITS)

    409 Vine St, Inverness, FL 34450-4342

    Value Estimation by Request
    2,952 sqft 0.42 AC lot
    View details
    210 Seminole Ave
    APARTMENT HOUSE (5+ UNITS)

    210 Seminole Ave, Inverness, FL 34450-4169

    Value Estimation by Request
    4,032 sqft 0.75 AC lot
    View details
    222 Pleasant Grv Rd
    APARTMENT HOUSE (5+ UNITS)

    222 Pleasant Grv Rd, Inverness, FL 34452-4447

    Value Estimation by Request
    3,492 sqft 0.76 AC lot
    View details

    Inverness, FL Apartment Buildings Market Trends and Statistics

    Explore 9 apartment buildings for sale in Inverness, FL on our real estate platform. These investment opportunities span a total of 10,800 square feet of properties for sale, with an estimated market value of $2,400,000.

    Sale prices for two-family homes in Inverness, FL start at $1,200,000, averaging $1,200,000, and reaching up to $1,200,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 35K
    Population Growth (5Y) +3.0%
    Median Household Income $55,378
    College Educated 18.7%

    High-Yield Neighborhoods for Investment

    Identify Inverness submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    34450 $1.2M

    Taxes & Financing

    Tax Rate (average for all types) 1.55%
    Property Tax per SF $39.20 per SF
    Tax Rate vs County Average 0.01 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Citrus County

    New Delisted

    Total CRE Inventory on Market (SF)

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