Crystal River - Beach Property For Sale #5607986

** PRICED BELOW APPRAISED VALUE ** With never-flooded interiors set upon a pile-driven foundation, this home was engineered to take advantage of every view and weather every storm. Wake-up and enjoy your coffee overlooking a serene Old Florida spring before gearing up to enjoy the Gulf. End the day with breathtaking sunset views from spacious living areas and back decks overlooking Kings Bay. The backyard is encircled by the tranquility of Sailboat Cove, a popular spot with local wildlife, and a 240' recently reinforced seawall with steps leading into the Spring. Nestled in Palm Springs, one of the Bay's most desired neighborhoods, it offers the waterfront lifestyle, but also peace of mind. Designed by an Engineer, the home features a flood management system that has kept it's interiors dry, even through Helene. It also has a laundry, large pantry, fireplace, a library nook that can be converted to wet bar and a two-car garage. The kitchen, updated in 2005, features a breakfast bar, a double sink overlooking the water, propane, reverse osmosis water filter, granite countertops, and solid wood cabinets. It's spacious living room features a fireplace and large picture windows with million-dollar views. The Master Suite and it's Office overlook the Spring and have two walk-in closets (one, a steel-reinforced safe room). The Master Bath features a jetted, garden tub with separate shower and dual sinks. Location affords bridge-free access to the Gulf and is minutes away from the shops and dining of historic downtown Crystal River and the Suncoast Parkway to Tampa-St. Pete. Estate can sell this exceptional Kings Bay Spring home furnished, so it's ready to list on for gross revenues of $75k annually and for the many write-offs. Whether you're seeking a permanent residence or to protect your portfolio against inflation with an STR investment, this property offers a lifestyle of comfort, tranquility and peace of mind along with breathtaking natural beauty and views.