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    Waterfront Apartments on Gulf to Lake

    1259 S ELMWOOD Drive Inverness, FL 34450

    Claim this Listing
    For Sale
    $1,200,000

    COMMERCIAL - Inverness, FL

    Property size:
    5,400 SF
    Lot size:
    0.66 Acres
    Price / SF:
    $222.22/SF
    Added:
    Oct 4, 2025
    Days on Market:
    284
    Last Refresh:
    Jul 14 at 6:06 am

    Property Features for 1259 S ELMWOOD Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    12
    Rooms
    Bathroom 2, Bathroom 6, Bathroom 4, Bathroom 8, Bathroom 11, Bathroom 9, Bathroom 3, Bathroom 1, Bathroom 12, Bathroom 7, Bathroom 5, Bathroom 10
    Parking features
    Assigned
    Standard status
    Active
    Size
    5,400 SF
    Lot size
    0.66 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    7190

    Utilities

    Sewer type
    Septic Tank
    Water source
    Well
    Water front
    1

    Building Details

    Year built
    1970
    Floors in Building
    2
    Number of units
    8
    Building materials
    Block, Frame, Stucco
    Roof type
    Metal

    Listing agent Ron Valure License #3219711

    Listing office Tropic Shores Realty LLC 3441 Deltona Boulevard, Spring Hill, FL

    Listing date Oct 4, 2025

    MLS# 2255964

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

    Investment Insights

    Based on property information with market context.

    A collection of ten completely renovated apartment units is available for sale. The property includes one efficiency unit, eight one-bedroom units, and one two-bedroom unit. There are also two additional two-bedroom units framed and ready to be finished, offering the potential for additional income. The property has undergone extensive renovations, including a completely new septic system, a new electrical system with a sub-panel for each unit, and a new plumbing system. New AC units have been installed, and the roofing has foam insulation. The property also features new water tanks and a filtration system. Interior renovations include new cabinets, flooring, fixtures, appliances, and painting. Exterior renovations and painting have also been completed. The property is located on the waterfront with a boat ramp leading to a chain of lakes, presenting a potential opportunity for Airbnb rentals. The property is located in Inverness, Florida, on a 0.66-acre lot. The building size is 5,400 square feet.

    Key Highlights

    • 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.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Building Supply Restaurant (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Plumbing Service Electronics & Wireless Store Garden Center

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

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    FAQs

    What type of property is this?
    Apartment building - Renovated waterfront apartments with potential for high income.
    Where is this apartment building located?
    The property is located at 1259 S ELMWOOD Drive Inverness, FL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 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.
    Contact an agent
    (352) 684-7371
    We can help!
    Contact an agent
    Ron Valure
    Real Estate License ID: 3219711
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