Waterfront Apartments on Gulf to
1259 S Elmwood Drive, Inverness, FL 34450
Renovated waterfront apartments with potential for high income generation.
Type:Mixed Use
Property size:
5,400 SFPrice / SF:
$222/SF- Added:
- Jul 24, 2025
- Days on Market:
- 308
- Last Refresh:
- Apr 24 at 5:36 am
Property Features for 1259 S Elmwood Drive
General Information
- Standard status
- Active
- Size
- 5,400 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1970
Listing agent Ron Valure License #3219711 (352) 684-7371
Listing office Tropic Shores Realty LLC (352) 684-7371
Listing date Jul 24, 2025
Source Xome
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Tropic Shores Realty LLC
HighLights
- 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.
- Completely renovated interiors with new cabinets, flooring, fixtures, appliances, and paint.
Overview
This waterfront property features ten completely renovated units, including one efficiency, 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 new septic system, a completely new electrical system with a sub-panel per unit, and a new plumbing system. New AC units with foam insulation have been installed on the roofing, along with new water tanks and a filtration system. The interiors feature new cabinets, flooring, fixtures, appliances, and paint. Exterior renovations and painting have also been completed. The property offers an excellent investment opportunity with the potential for high income generation, especially with the possibility of using the units as Airbnb rentals, given the boat ramp access to a chain of lakes. The property size is 5400 square feet.
Location Intelligence
Current Use by Public Records
Waterfront Land
Location Insight
- Map
- Local Demand
- City
- Inverness
- County
- Citrus
- State
- Florida
- Longitude
- -82.2851971
- Latitude
- 28.8436924
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Renovated waterfront apartments with potential for high income generation.
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, 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.
