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    Waterfront Land in Dixie Shores Title is generated by Realmo AI

    11561 W Dixie Shores Drive, Crystal River, FL 34429

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    Claim this Listing
    For Sale
    $259,900

    LAND - Crystal River, FL

    Lot size:
    0.67 Acres
    Added:
    Feb 26, 2026
    Days on Market:
    97
    Last Refresh:
    Jun 3 at 9:06 pm

    Property Features for 11561 W Dixie Shores Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    CLR
    Standard status
    Active
    APN
    3235357
    Lot size
    0.67 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOT 2 OF AN UNREC SUB IN SEC 30-18-17: LOT 2: COM AT THE MOST E'LY CORNER OF LT 28 REPLAT OF DIXIE SHORES UNIT 1 TH N 18DEG 30M 04S E AL THE W'LY RIGH T OF WAY LN OF A 66 FT WIDE RD A DIS OF 162.28 FT TH AL S D RIGHT OF WAY LN N 45DEG 06M 24S E 157.8 0 FT TH S 44DEG 53M 36S E 25.91 FT TO A PT SD PT BEING ON THE N'LY RIGHT OF WAY LN OF A 50 FT WIDE RD TH CONT S 44DEG 53M 36S E AL SD N'LY RIGHT OF WAY LN A DIS OF 302.03 FT TO THE POB TH CONT S 44DEG 53M 36S E AL SD N'LY RIGHT OF WAY LN A DIS OF 98. 32 FT TH LEAVING SD RIGHT OF WAY LN N 38DEG 18M 35S E 274.62 FT TH N 77DEG 16M 07S W 159.60 FT TH S 24DEG 53 M 06S W 199.53 FT TO THE POB TITLE IN OR BK 1752 PG 2384
    Tax Annual Amount
    1482

    Utilities

    Sewer type
    Septic Needed
    Water source
    Public
    Water front features
    Waterfront
    Water front
    1

    We can help!

    Listing Contact
    Donna Dorsey

    Listing agent Donna Dorsey License #3160930

    Listing office Citrus Realty, LLC 1014 W Citrus Springs Blvd, Citrus Springs, FL

    Listing date Feb 26, 2026

    MLS# 852687 Listing URL

    Copyright © 2026 REALTORS Association of Citrus County, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Direct Gulf access for boating, fishing, and scalloping.
    • Waterfront property in the desirable Dixie Shores community.
    • Located on peaceful waters with views of manatees and sunsets.
    • Close proximity to Crystal River's springs and waterfront dining.
    • Minutes from downtown Crystal River's shops and restaurants.
    • Ideal for full‑time residence or vacation retreat.

    Overview

    This Crystal River property, situated in the Dixie Shores community, offers direct access to the Gulf. The property is framed by palms and native Florida landscape. It provides access to Crystal River's springs, fishing grounds, scalloping waters, and waterfront dining. This location is suited for boaters, nature enthusiasts, or those seeking a tranquil escape. The property's setting allows for various possibilities, from a full-time residence to a vacation retreat. Activities such as kayaking, paddleboarding, fishing, and wildlife watching can become part of a daily routine. Located minutes from downtown Crystal River, it provides a balance of privacy and convenience, with shops, restaurants, and marinas nearby. The lot size is 0.67 acres. The property is located in Citrus County, Florida.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    HVAC Service Travel Agency Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Crystal River
    County
    Citrus
    State
    Florida
    Longitude
    -82.626392
    Latitude
    28.882679

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    FAQs

    What type of property is this?
    Waterfront Land - Waterfront property with Gulf access in Crystal River, Florida.
    Where is this waterfront land located?
    The property is located at 11561 W Dixie Shores Drive Crystal River, FL.
    What is the asking price?
    The asking price for this property is $259,900.
    What are key features of this property?
    This property features: Direct Gulf access for boating, fishing, and scalloping.; Waterfront property in the desirable Dixie Shores community.; Located on peaceful waters with views of manatees and sunsets.
    (352) 613-2718
    We can help!
    Listing Contact
    Donna Dorsey
    Real Estate License ID: 3160930
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    11561 W Dixie Shores Drive, Crystal River, FL 34429
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