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    Crystal River Duplexes and Buildable Lots Title is generated by Realmo AI

    6408 W Flanders Lane, Crystal River, FL 34429

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    For Sale
    $2,500,000

    MULTI_FAMILY - Other - Crystal River, FL

    Property size:
    3,600 SF
    Lot size:
    3.00 Acres
    Price / SF:
    $694/SF
    Added:
    May 27, 2026
    Days on Market:
    1
    Last Refresh:
    May 27 at 5:06 pm

    Property Features for 6408 W Flanders Lane

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Zoning
    MDRMH
    Parking features
    Driveway
    Appliances
    Dryer, Dishwasher, ElectricCooktop, Disposal, MicrowaveHoodFan, Microwave, Refrigerator, Washer
    Standard status
    Active
    APN
    3528650
    Size
    3,600 SF
    Lot size
    3.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    THE NARROWS OF CRYSTAL RIVER PB 21 PG 86, A REPLAT OF LOT8-16 BLK 5 SECTION ONE CRYSTAL HEIGHTS DEVELOPMENT CO PB 1PG 42, LOT B. 8 parcels altogether
    Tax Annual Amount
    115

    Utilities

    Sewer type
    Septic Tank
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2024
    Floors in Building
    1
    Number of units
    7
    Flooring type
    Wood
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Sarita Harty
    Sarita Harty

    Listing agent Sarita Harty License #3189231

    Listing office Compass Florida LLC 3615 Bromley Grand Avenue Suite 230, Tampa, FL

    Listing date May 27, 2026

    MLS# 855107 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

    • 4 Duplexes plus 41 Buildable Lots with water and private sewer offer significant investment and expansion potential.
    • New 2025 construction with modern finishes, including spa‑like bathrooms with marble showers and open‑concept living spaces.
    • Villas feature desirable amenities such as 14ft vaulted ceilings, hardwood flooring, gourmet kitchen with quartz countertops and stainless steel Samsung appliances.
    • Convenient location in Crystal River, FL, with easy access to Suncoast Parkway for commuting.
    • Solid construction with no carpets, wheelchair access, and private garages with remote & keypad.
    • Rentals stay rented, offering immediate income potential with short & long term lease options and pet‑friendly policy.

    Overview

    This property features four duplexes along with 41 buildable lots, all equipped with water and a private sewer system. Located in Crystal River, Florida, the property offers convenient commuting access via the nearby Suncoast Parkway. The existing 3-bedroom, 2-bathroom villas feature open-concept living spaces. Each unit is constructed without carpets and includes modern finishes. Amenities include 14ft vaulted ceilings, hardwood flooring, a gourmet kitchen, breakfast bar, stainless steel Samsung appliances, quartz countertops, washer and dryer hook-ups, Ring door security, walk-in shower, walk-in closets, dual vanity, kitchen pantry, remote thermostats, remote ceiling fans, board and batten wall design, recessed LED lighting, private garages with remote and keypad, window coverings, wheelchair access, and high-speed internet. Short and long-term lease options are available, and the property is pet-friendly. Renters are responsible for gas, electric, water, sewer, and garbage expenses, with a $50 monthly lawn-care fee. The buildable lots are suitable for constructing additional duplexes or mobile homes. The property size is 3600 square feet, situated on a 3-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Choice Advantage Homes Construction Company

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Crystal River
    County
    Citrus
    State
    Florida
    Longitude
    -82.5411161
    Latitude
    28.8775102

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    FAQs

    What type of property is this?
    Duplex - Four duplexes plus 41 buildable lots in Crystal River.
    Where is this duplex located?
    The property is located at 6408 W Flanders Lane Crystal River, FL.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 4 Duplexes plus 41 Buildable Lots with water and private sewer offer significant investment and expansion potential.; **New 2025 construction with modern finishes, including spa‑like bathrooms with marble showers and open‑concept living spaces.**; **Villas feature desirable amenities such as 14ft vaulted ceilings, hardwood flooring, gourmet kitchen with quartz countertops and stainless steel Samsung appliances.**
    (561) 339-8299
    We can help!
    Listing Contact
    Sarita Harty
    Sarita Harty
    Real Estate License ID: 3189231
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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.

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