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Waterfront Condotel Investment Opportunity

5297 S CHEROKEE Way 104, Homosassa, FL 34448

For Sale
$179,900

One-bedroom condotel with water views, river access, and resort amenities.

Property Size476 SF
Lot Size0.01 Acres
Days on Market246

Property Features for 5297 S CHEROKEE Way 104

General Information

Standard status Active
Size 476 SF
Lot size 0.01 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $1,489

Building Details

Building Size 476 SF
Year Built 1974
Stories 1
Listing Agency: Dalton Wade Inc
Listed By: Sharon Gallo · License FL #3461694
Source: Elliman
Added: Mar 10 Changed: Aug 12 Last Checked: Aug 12 at 9:53AM

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 Dalton Wade Inc

Rey
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Investment Insights

Based on property information with market context.

This one-bedroom, one-bathroom condotel offers an investment opportunity with waterfront views and amenities. The property provides an income stream coupled with living features for up to 3 months. Enjoy direct access to the river, suitable for boating and water sports. Onsite management ensures seamless operations. Resort-style amenities include a pool, full-service marina, boat ramps, slips, rentals, kayaking, and an onsite restaurant and bar. Generate income through short-term rentals, catering to leisure and corporate travelers. Benefit from onsite management, ensuring occupancy and optimal rental rates. The property's location in a high-demand area ensures rental demand and competitive rates. Proximity to local attractions, shopping, dining, and entertainment enhances its appeal to guests and tenants.

Key Highlights

  • Income‑generating condotel with short‑term rental potential and onsite management for hassle‑free ownership.
  • Direct river access with full‑service marina, boat ramps, slips, and rentals for boating and water sports enthusiasts.
  • Breathtaking waterviews offering a tranquil and immersive living experience.

Property Analytics

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Location Intelligence

Trade Area within ½ mile

203
Businesses Nearby

Demographics for 34448, FL

10,889
Population
6,437
Households
1.7
Avg Household Size
59
Median Age
18%
College-Educated
86%
High-School Grad
72.3 sq mi
ZIP Area
151
Density / Sq Mi
$47,526
Median Household Income
$23,452
Median Earnings
$941
Median Rent
$166,000
Median Home Value
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Short term rental property - One-bedroom condotel with water views, river access, and resort amenities.
Where is this short term rental property located?
The property is located at 5297 S CHEROKEE Way 104 Homosassa, FL.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Income‑generating condotel with short‑term rental potential and onsite management for hassle‑free ownership.; Direct river access with full‑service marina, boat ramps, slips, and rentals for boating and water sports enthusiasts.; Breathtaking waterviews offering a tranquil and immersive living experience.
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