Active · Single Family

506 LAKE STREET

INVERNESS, FL 34450

$599,000

$441/sqft

Beds

4 beds

Baths

3 baths

Area

1,358 sqft

Single FamilyBuilt 19305,410 sqft lotCentralCentral Air$441/sqft7 days on market

About this home

Experience the charm of Inverness’ Historic District with this beautiful waterfront home offering 4 bedrooms, 1 full bath, and 2 half baths on Lake Henderson with direct access to the Tsala Apopka Chain of Lakes. Whether you enjoy boating, fishing, kayaking, paddleboarding, or simply taking in the peaceful water views, this property offers the perfect Florida lifestyle. As you step inside, you are welcomed by a spacious living room filled with natural light. The main level features two bedrooms, including a primary suite with a full ensuite bathroom. The galley kitchen offers a gas stove, plenty of cabinets, and ample countertop space for preparing meals. Just off the kitchen is a versatile bonus room with stunning views of the backyard and lake, making it the perfect space for a dining room, sitting area, playroom, home office, or art studio. Upstairs, you will find two additional guest bedrooms and a half bath, all while enjoying more beautiful views overlooking the water. Step outside to your own private waterfront retreat. The backyard features a storage shed for all your outdoor equipment and a private dock where you can tie up your boat, jet skis, or kayaks, or spend the day fishing right from your backyard. Whether you’re searching for a profitable short term vacation rental, a long term investment property, a peaceful winter retreat, or your forever home, this property offers incredible flexibility. Its prime waterfront location, close proximity to downtown Inverness, and access to the Chain of Lakes make it an attractive option for both homeowners and guests alike. Located just minutes from the heart of downtown Inverness, you will enjoy easy access to locally owned restaurants, boutique shopping, coffee shops, parks, entertainment, festivals, and so much more. Combining historic charm, waterfront living, and an unbeatable location, this home offers the opportunity to enjoy everything the Nature Coast has to offer!

Facts & features

Interior

Bedrooms: 4
Bathrooms: 3
Living area: 1,358 sqft
Heating: Central
Cooling: Central Air
Flooring: Carpet, Laminate, Luxury Vinyl
Stories: 2
Features: Ceiling Fans(s), High Ceilings, Primary Bedroom Main Floor, Solid Wood Cabinets, Split Bedroom, Vaulted Ceiling(s)
Appliances: Dryer, Electric Water Heater, Microwave, Range, Washer

Exterior & lot

Lot size: 5,410 sqft (0.12 ac)
Waterfront: Yes
Roof: Metal, Shingle
Construction: Vinyl Siding, Frame
Exterior: Private Mailbox, Private Yard, Rain Gutters, Storage

Financial

Annual tax: $771 (2025)
Price / sqft: $441/sqft

Utilities

Water: Public
Sewer: Private Sewer
Utilities: BB/HS Internet Available, Electricity Connected, Sewer Connected, Water Connected

Property

Property type: Single Family
Year built: 1930
Subdivision: HAWKINS ADD
County: Citrus

Assigned schools

Elementary: Inverness Primary School
Middle: Inverness Middle School
High: Citrus High School

Listing

Status: Active
Days on market: 1 day
MLS #: MFR801100042
Source: Stellar MLS

Listed by Chad MacBlain · KELLER WILLIAMS CORNERSTONE RE

Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.

RRENA ValiQEstimate

Sample estimate — not an appraisal

$560k

−6.5% vs asking

$524k low$596k high

Based on 29 comparable sales within 1 mile of INVERNESS, FL. priced over RENA ValiQ.

Reference only. Estimates blend public sale comps, neighbourhood trend and the listing’s own metrics. Final price moves on diligence, terms and timing — RENA is your second read, not your agent.

Estimate your monthly cost

PITI + HOA

Down payment (%)

Interest rate (%)

Loan term (yrs)

Property tax (% / yr)

Home insurance ($ / yr)

HOA dues ($ / mo)

Estimated monthly payment$3,837/mo

Principal & interest: $3,188/mo
Property tax: $449/mo
Home insurance: $200/mo

Tax, insurance and HOA are editable estimates with Florida-typical defaults — Florida homeowners insurance in particular varies widely by location and elevation. Confirm exact figures with a lender and insurer.