$199,900
5297 Cherokee Way
Homosassa, FL 34448
Listing updated: May 7, 2026 at 4:28 PM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Seller financing available. Welcome to your perfect investment opportunity nestled along the serene shores, offering unparalleled views and endless amenities. This one-of-a-kind condotel presents an income stream coupled with living features for up to 3 months. This 1 Bedroom, 1 Bathroom is your cozy retreat , offering comfort and convenience for you and your guests. Breathtaking Waterview: Wake up to picturesque scenes and the tranquil sounds of the river, offering a truly immersive experience. River Access: Enjoy direct access to the water, great for boating enthusiasts and water sports lovers. Onsite Management: Hassle-free ownership with dedicated management services ensuring seamless operations. Resort-style Amenities: Indulge in the resort-like lifestyle with a sparkling pool, full-service marina, boat ramps, slips, rentals, kayaking adventures, and exquisite dining options at the onsite restaurant and bar. Generate consistent income through short-term rentals to vacationers seeking a waterfront escape. Tap into the thriving rental market, catering to both leisure and corporate travelers. Benefit from onsite management, ensuring maximum occupancy and optimal rental rates year-round. Experience worry-free ownership with professional management handling all aspects of property upkeep and guest services. Positioned in a high-demand area with limited supply, ensuring consistent rental demand and competitive rental rates. Proximity to local attractions, shopping, dining, and entertainment venues further enhances the property's appeal to guests and tenants alike. Don't miss out on this extraordinary investment opportunity to own a piece of paradise. Schedule your viewing today and embark on a journey towards financial prosperity and waterfront living!
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history804 days on market
- Status: ActiveFeb 23, 2024
- Listed$269,900Feb 23, 2024
- Price reduced$199,900
Facts & features
- Property type
- Residential
- Sub type
- Condo - Hotel
- Status
- Active
- Days on market
- 804
- Subdivision
- Riverside Villa
- County
- Citrus
- Year built
- 1974
- Living area
- 476 sq ft
- Price/sq ft
- $420
- Lot size
- 451 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- AE
- Annual taxes
- $1,489 (2023)
- Parcel #
- : 17E19S310060 00010 1040
- Zoning
- GNC
- MLS #
- T3505477
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Interior Details
- Bedrooms
- 1
- Full bathrooms
- 1
- Flooring
- Laminate
- Appliances
- Electric Water Heater, Range, Refrigerator
- Interior features
- Living Room/Dining Room Combo
- Laundry
- Common Area
- Stories / Levels
- One
- Direction faces
- East
Heating & Cooling
- Heating
- Electric
- Cooling
- Central Air
HOA & Financial
- HOA fee
- $544 / Monthly
- Monthly HOA
- $544/mo
- Total monthly fees
- $858/mo
- Total annual fees
- $10,296
- HOA name
- Laura T
- CDD
- No
- Min lease term
- 1 Month
- Listing terms
- Cash, Other, Owner Financing
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- Yes
- Additional lease restrictions
- Buyer/Buyer's agent to verify with onsite management
- Approval process
- Application agreement required
Exterior & Construction
- Exterior features
- Lighting, Other
- Construction materials
- Vinyl Siding
- Roof
- Shingle
- Foundation
- Slab
- Waterfront
- Yes
- Water access
- Yes
- Water view
- Yes
- Road surface
- Concrete
Utilities
- Sewer
- Other
- Water source
- See Remarks
- Utilities
- Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Community
- Pets allowed
- Yes
Schools
Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Primary Bedroom | First | 14x12 |
| Kitchen | First | 4x11 |
| Living Room | First | 21x14 |
| Bathroom 1 | First |
Listing Details
- Listing date
- 2024-02-23
- On market date
- 2024-02-23
- Original list price
- $269,900
- Occupant type
- Tenant
- MLS area
- 34448 - Homosassa
- Listing AOR
- Suncoast Tampa
- Status changed
- 2024-02-23
- Tax legal description
- RIVERSIDE VILLAS A CONDOMINIUM UNIT 104 VILLA 1
Flood risk
FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
W Bradshaw St. Continue on W Yulee Dr (CR-490). Turn left onto W Yulee Dr. Continue on S Cherokee Way
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of May 7, 2026 at 4:28 PM ET. 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.
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