1865 SE Third Court W

Description

Luvit Properties purchased and renovated this 3 bedroom 2 and one-half bath waterfront pool home. Because the original home has three floors and a oversized four car garage with high ceilings, the Seller is in the process of taking advantage of that extra space and adding a completely separate three bedroom 2 and one-half bath addition with a separate entrance which when finished will provide a total of 6 bedrooms 6 bathrooms and 2 half baths with 4,665 square feet of living space under the original roof. The Seller has written bids of $40,000 to $50,000 to complete the additional living space which is currently under construction and is willing to escrow that amount at closing to guarantee completion.This will add a tremendous amount of value to the home. This additional living space can serve as a mother-in-law suite or it can be rented for additional income since it will have a private entrance. The home suffered only minor damage from the recent hurricane because the majority of the living space is on the upper floors and the elevation of the front entrance is 14.3 feet above sea level. A detailed package of information concerning the home's location, renovation and new expansionion is avaiable from the listing broker. This home also has a very high land value. A one-half acre vacant waterfront lot located within the same area recently sold for a record $1.2 million dollars. Our subject home and lot has a large kidney shaped pool and an artisian well which provides an unlimited supply of free fresh water for the pool, landscaping, boat washing etc. This is a great opportunity for someone looking for a large home with deep water access in beautiful Crystal River, Florida. An astute buyer with a little vision can easily turn this home into one of the premier waterfront properties in Florida.