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8711 E Cresco Ln, Inverness, FL, 34450

$1,650,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
6 Full Baths
4,786 SqFt
$345/SqFt
House

Location

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8711 E Cresco Ln, Inverness$1,650,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingBath In Garage, Circular Driveway
Attached Garage2 spaces
Year Built1968
HeatingCentral, Electric
CoolingCentral Air, Zoned
WaterfrontLake Front
FireplaceElectric
ViewWater
MLS #TB8319110
Lot Size1.23 Acres
StatusActive

About 8711 E Cresco Ln

Welcome to your dream oasis at 8711 East Cresco Lane, a non-flood zone brick construction masterpiece of elegance and wit nestled on a sprawling 1.23-acre waterfront estate mere steps away from the Inverness Golf and Country Club. The property is secured by a privacy hedge and luxurious custom Viking wrought iron motorized gates that open to your circular driveway. As you walk through the custom mahogany front doors in to the 4,786 square foot single-story that boasts 4 bedrooms and 5 bathrooms, offering a refined space with a true east and west wing for the buyer of the highest caliber. The property doesn’t just stop at the main house. The charming additional 1,388 square foot boat house also offers a waterfront retreat for your guests and water toys! Step inside to discover a world where sophistication meets comfort. The open floor plan seamlessly connects the living areas, creating an inviting atmosphere perfect for hosting soirées or enjoying quiet evenings with loved ones. The gourmet kitchen, a chef's delight, features a top-of-the-line Z Line 6 burner gas range, 2 electric ovens, Bosch dishwasher and refrigerator, leathered granite countertops with a seamless backsplash, a custom mahogany hood, custom mahogany waterfall countertops, and refined two tone soft close shaker cabinetry with below cabinet and in cabinet lighting. If that wasn’t enough, the adjacent bar comes complete with 2 SubZero refrigerator drawers, a copper sink, U-Line ice maker, custom mahogany bar cabinetry, and the walls are custom Venetian plaster throughout. The luxury is truly unparalleled in this home with herringbone bamboo flooring, 9 inch baseboards, custom crown moldings, coffered ceilings in the media room, vaulted ceilings in the living room, an octagonal tray ceiling in the dining room, Pella impact rated windows and sliders, recessed LED lighting, brass art work sconces, double cedar lined closets, and so much more. The updates are truly endless! Imagine mornings spent sipping coffee walking the estate, with the gentle breeze from the water. Outside, the expansive waterfront lot offers endless possibilities for outdoor enjoyment. Whether you're lounging by the water, practicing your swing, or simply soaking in the quintessential Florida lifestyle, this estate is your personal paradise. Embrace the elegance, relish the wit, and make this extraordinary home yours today.

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary, Custom, Mid-Century Modern
  • Year Built: 1968
  • Stories: 1
  • Living Area: 4,786 SqFt

Listing Office:

  • Office Name: COMPASS FLORIDA LLC
  • Office Phone: (727) 339-7902
  • Listing Agent: Zach Steinberger

Interior Features

Interior Information:

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Washer, Water Filtration System, Water Softener
  • Flooring Type: Tile, Wood
  • Interior: Built-in Features, Chair Rail, Coffered Ceiling(s), Crown Molding, Dry Bar, Eat-in Kitchen, High Ceilings, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Smart Home, Solid Wood Cabinets, Stone Counters, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar, Window Treatments
  • Fireplace: Electric

Bedroom and Bathroom Information:

  • Full Bathrooms: 6
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Lake Front
  • View: Water
  • Exterior: Irrigation System, Lighting, Outdoor Shower

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Bath In Garage, Circular Driveway

Virtual/3D Tour

  • Virtual Tour: 8711 E Cresco Ln
Virtual Tour

Lot Features

Lot Information:

  • Lot: Near Golf Course, Oversized Lot, Rolling/Hilly
  • Lot Size: 1.23 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Zoned

Other

Directions Information:

  • Directions: From US 41N, get off and turn right on E Gobbler Dr, turn left on S Old Florida City Rd, turn right on E Sandpiper Rd, turn left on S Country Club Dr, turn left on E Cresco Lane, and home is on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,650,000
  • Price Per SqFt: $345/SqFt

Tax Information:

  • Annual Amount: $4,222
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Inverness, FL.

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Inverness, FL

City

Med. Sold Price

$241K

Med. Price/SqFt

$180

Avg. Days On Market

73

# of Sold Homes

23

8711 E Cresco Ln vs Inverness

1 DAY ON ROCKET

-72 Days

$1,650,000

+$1.4M More

$345/SqFt

+$164 More

KEY TAKEAWAY

This property is $1.4M more than the Median Sold Price and $164/SqFt more than other homes in Inverness, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #TB8319110

Listing Office:

  • Office Name: COMPASS FLORIDA LLC
  • Office Phone: (727) 339-7902
  • Listing Agent: Zach Steinberger

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/14/2024, 6:19:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Nov 04, 2019Home Sold
$350,000
Oct 27, 1997Home Sold
$139,500

Tax History

YEARPROP. TAXASSESSMENT
2020$4,222$323,114
2019$4,695$336,948
2018$2,767$266,692
2017$2,767$214,591

History based on county public records data.

Payment Calculator

$8,303

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,013

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-275883
4
/10

  • Inverness Primary School

  • 206 S Line Ave

  • 3.07 miles

  • Public District Grades PK-5

school-card-donut-275884
6
/10

  • Pleasant Grove Elementary School

  • 630 Pleasant Grove Rd

  • 3.79 miles

  • Public District Grades PK-5

school-card-donut-275885
5
/10

  • Floral City Elementary School

  • 8457 E Marvin St

  • 4.58 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $49,829. The most common annual income of people living in Inverness, FL is between $35k-100k. The most common type of family is married, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 8711 E Cresco Ln

What is the listing price of this property?

The listing price of 8711 E Cresco Ln property is $1,650,000.

What type of property is this?

The property 8711 E Cresco Ln is a house located in Inverness, Florida, 34450.

Is this property for sale now?

Active Listing: 8711 E Cresco Ln is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $4,222 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on November 4, 2019 for $350,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 8711 E Cresco Ln has 5 bedrooms and 6 bathrooms.

What is the square footage of this property?

The property 8711 E Cresco Ln is 4,786 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 8711 E Cresco Ln is 1968.

Rocket Homes›Florida›Citrus County›Inverness›34450›8711 E Cresco Ln

This home is located at 8711 E Cresco Ln in Inverness, FL and zip code 34450. This 4,786 square foot home, which was built in 1968, sits on a 1.23 acre lot. Features: 5 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since November 13, 2024 and is currently priced at $1,650,000.

Inverness, FL housing market in October 2024 saw over 1 listings sold above listed price, more than 5 sold at listed price and over 17 sold below. The number of homes for sale in Inverness, FL increased by 6% between September 2024 and October 2024. In October 2024 median list price was $241,000 and the average listing age was 73 days.

From Rocket Homes Real Estate and based on county public records data.

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