Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    11905 W Eldred Ln Homosassa, FL 34448

    Sponsored
    Picture of Residential land & home lots at W Eldred Ln 11905, Homosassa, FL
    For Sale
    $134,500

    LAND - Homosassa, FL

    Lot size:
    1.39 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 7 at 2:06 pm

    Property Features for 11905 W Eldred Ln

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    CLRMH
    APN
    3457595
    Lot size
    1.39 Acres

    Utilities

    Sewer type
    Septic Needed
    Water source
    Public

    We can help!

    Listing Contact
    Mendy Bacon

    BonJorn Real Estate Inc. (352) 394-2112

    Listing agent Mendy Bacon (352) 394-2112 License #3483992

    Listing date Feb 6, 2026

    MLS# 852105 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.

    Learn more

    Property Insight Report

    Overview

    Homosassa Vacant Land Opportunity

    Located in Old Homosassa, Florida, on Nature's Coast, this 1.38-acre vacant lot offers 198 feet of paved road frontage. The property is zoned CLRMH. With no HOA restrictions, the lot presents an opportunity to build a home or split the land. The location on W. Eldred Lane, just off Mason Creek, places it within 5 minutes of two public boat ramps, multiple state parks, restaurants, entertainment options, and Homosassa Springs. The area is known for its relaxed atmosphere, with golf carts being a common mode of transportation. Boating opportunities include access to Ozello, the Gulf of America for fishing, scalloping, dolphin watching, and sunsets, as well as the Homosassa Springs for manatee sightings. This area on Florida's west coast is known for its vacation fishing village vibe.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Auto Repair Shop Hotel & Motel Department Store Travel Agency Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Homosassa
    County
    Citrus
    State
    Florida
    Longitude
    -82.63048
    Latitude
    28.765649

    Nearby Similar for Sale

    • $1,100,000
      2,444 SF

      Unique Homosassa Mixed-Use Compound

      Historic Homosassa property with residential, retail, and income potential.
      10844 W Yulee Dr, Homosassa, FL 34448
      View Details
    • $975,000
      4,636 SF

      Versatile Commercial Property Near Walmart

      Multi-use property with high visibility and traffic count.
      6991 W Cardinal St, Homosassa, FL 34446
      View Details
    • $174,000
      Pending

      Move-In-Ready Home with Two Masters

      Meticulously maintained home with spacious bedrooms, near amenities and Homosassa River.
      8356 W Earl Loop, Homosassa, FL 34446
      View Details
    • $699,000
      0.92 Acres

      Homosassa Commercial Buildings with Highway Frontage

      Two buildings on 0.92 acres with excellent highway frontage.
      4828-4824 S Suncoast Blvd, Homosassa, FL 34446
      View Details
    • $750,000
      0.29 Acres

      Income-Producing Retail Center For Sale

      Three-unit retail center on US Highway 19 in Homosassa, FL.
      4065 S Suncoast Blvd, Homosassa, FL 34446
      View Details
    • New
      $199,900
      4,544 SF

      Commercial Property on US-19 Corridor

      Highly visible commercial property with redevelopment potential on US-19.
      4950 S Suncoast Blvd, Homosassa, FL 34446
      View Details
    • $299,000
      1,536 SF

      Updated Duplex in Homosassa, FL

      Well-maintained duplex with new roof, AC, and updated interiors.
      3135 S Lantana Way, Homosassa, FL 34448
      View Details
    • $45,000
      0.31 Acres

      Homosassa Land with Development Potential

      Desirable multi-family lot in Homosassa, close to amenities.
      6230 W Oak Park Blvd, Homosassa, FL 34446
      View Details
    • $479,900

      New Duplex Investment Opportunity

      Pre-construction duplex with qualified tenants and financing options.
      6040 W Oak Park Blvd, Homosassa, FL 34446
      View Details
    • Contact for pricing

      Retail Space in Homosassa, FL

      Retail space available in Homosassa, Florida with excellent visibility.
      9525 S Suncoast Blvd, Homosassa, FL 34446
      View Details
    • $539,900

      Homosassa Commercial Property For Sale

      Commercial property in Homosassa with vacation rental and owner financing.
      10460 New York St, Homosassa, FL 34448
      View Details
    • $548,500

      Homosassa Commercial Property For Sale

      Commercial property in Homosassa with owner financing and vacation rental.
      10460 W New York St, Homosassa, FL 34448
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.38 acre vacant lot near Homosassa Springs.
    Where is this residential land & home lot located?
    The property is located at 11905 W Eldred Ln Homosassa, FL.
    What is the asking price?
    The asking price for this property is $134,500.
    What are key features of this property?
    This property features: - Large 1.38 acre vacant lot with 198' of paved road frontage in Old Homosassa.; - No HOA, offering freedom to build a dream home or split the lot.; - Located near Mason Creek, 5 minutes from 2 public boat ramps, state parks, restaurants, and Homosassa Springs.
    (352) 394-2112
    Request Owner's contact information
    11905 W Eldred Ln Homosassa, FL 34448
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11905 W Eldred Ln
    Homosassa, FL 34448
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    11905 W Eldred Ln Homosassa, FL 34448
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mendy Bacon
    Real Estate License ID: 3483992
    (352) 394-2112
    Learn more
    Google sign-in failed. Please try again or use another login method.