$599,000
506 LAKE STREET, INVERNESS, FL 34450
Beds
4
Baths
3
Sq Ft
1,358 sq ft
Year Built
1930
Lot Size
0.12 acres
Garage
—
About This Property
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!
Property Overview
Interior Features
Exterior & Lot
Waterfront
Utilities
Parking
HOA & Community
Financial Details
Schools
Directions
Off Highway i75 take a right onto SW College Rd, turn left onto N Florida Ave in 21 miles and left onto Zephyr St in 5 miles. Turn left onto N Line Ave in 0.4 miles then the destination will be on your left in 450ft.
Location
506 LAKE STREET, INVERNESS, FL 34450
Listing Information
Schedule a Tour
Pick a Day
Preferred Time
Home Price
$599,000
Loan Term
Nearby Schools
How to Buy This Home
Multiple financing options available for this $599,000 home in INVERNESS.
🏦
Conventional
$29,950 Down
Traditional financing. As low as 3-5% down with good credit.
Florida Down Payment Assistance Programs
You may qualify for up to $35,000 in assistance to cover your down payment and closing costs.
Florida Hometown Heroes
Up to $35,000
First-time buyers working in FL
FL Assist
Up to $10,000
FHA, VA, or USDA borrowers
FL HLP Second Mortgage
Up to $10,000
First-time buyers, 0% deferred
Citrus County SHIP
Varies
Income-qualifying Citrus residents
Can You Afford This Home?
Quick check based on the 28% debt-to-income rule. Not a guarantee — just a starting point.
More Homes in Inverness
More Homes in Inverness
Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. 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. Data last updated: August 11, 2026.