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CREATIVITY WELCOMED! HAVE AN IDEA, PRESENT IT! Welcome to a truly incredible treasure in the heart of Old Homosassa, where history, charm, and opportunity come together! This exceptional property is approved for both commercial and residential uses, making it a perfect match for those seeking a dynamic live-work lifestyle or a unique investment opportunity. The main structure boasts 900 sq. ft. of open retail space, complete with wide bay windows that flood the area with natural light, stunning heart pine wood floors, and a welcoming wraparound front porch. Formerly a thriving art gallery, this space is brimming with possibilities—imagine it as a cozy coffee shop, a creative art studio, a tackle and fly shop, or even a short-term rental. Connected to the retail space is a spacious 3-bedroom, 1-bathroom residence with a versatile loft, a private entrance, and backyard access. With ample storage and plenty of charm, this attached living area is perfect for an on-site owner, rental income, or additional workspace. The 60'X30' warehouse offers tons of functionality and has HUGE use potential. It features a roll-up garage door, two bathrooms, two retail-style front windows, side load entry, and an inviting covered front porch. Elevated construction overlooks a beautiful park-like front lawn, creating a picturesque setting for any use. Perfect for a workshop, retail space, work/business office space, art studio, brewery, storage. . . Perfectly situated on the corner is an existing ice cream shop with a very happy paying tenant who would like to stay after the sale. This small but versatile building could go in many directions if new owner wishes. Flexibility is the name of the game with this stand alone building, currently best served as a 1/1 studio apartment, this little charmer with fantastic views would thrive as a short term rental, small retail shop, office, or additional storage. There is an abundance of detached storage on the property, including one that has served as past living space! the current owner has chosen to preserve several features of the compound that have long been considered treasures of the area. The front lawn has been host to many community gatherings, social events, and festivals. The original brick fence walls still stand strong and add that complementary ascetic to the preserved outdoor art features, breathtaking oak trees, and original designer accents. The lawn can be changed to parking under the new owners needed/intended use. This isn't a property that can be easily and appropriately described in a listing description, it has to be seen and felt in person to discover the true wonder and inspiration of what could be! Endless potential, endless possibilities, the only thing missing, is your vision.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,199,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $959,200 | $959,200 | $959,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.440% | 6.110% | 5.952% |
| Monthly Tax Payment | $508 | $508 | $508 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,522 | $5,751 | $7,965 |
| Total Monthly Payment | $6,155 | $6,384 | $8,598 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.