359 S Gardenia Ter · Crystal River, FL 34429

$319,000

3 bd · 2.0 ba · 1,597 sqft · SingleFamily public records · 274 Days on market

Built 1972 0.37 ac lot Est $249k · 28% over

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +20.0/30.0
• DSCR +6.3/10.0
• 1% rule +4.2/10.0
• Schools +4.1/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to the Tropic Terrace Neighborhood. With no deed or rental restrictions, this property offers you the freedom you desire. This residence has 3 beds, 2 baths, an inside laundry room, a dining room, a kitchen, and living room. Interior painted throughout, kitchen has stainless steal appliance package. The property also includes a detached two-car garage, featuring a separate section perfectly suited as a workshop area. Entertaining friends and family is a breeze in the ample backyard, fully fenced. The house comes with a sturdy metal roof installed in 2019 and a reliable AC system 2019.From incredible fishing opportunities to vibrant nightlife, there's always something exciting to explore in this area. Plus, you'll love the convenience of living in this neighborhood that's only minutes away from shopping, dining, medical facilities, and entertainment options. If you're a boating enthusiast, you're in luck! With Ozello Trail just a few miles away, you can easily launch your boat into the water and start enjoying your aquatic adventures. Schedule your showing now.

Key facts

• Recent upgrades
• Soft close cabinetry
• Modern kitchen

Tags

• QUICK ACCESS TO THE GULF
• SPACIOUS DOUBLE CORNER LOT
• RECENT UPGRADES
• MODERN KITCHEN
• BEAUTIFUL QUARTZ COUNTERTOPS
• SOFT CLOSE CABINETRY

Property features AI

Exterior

• Parking: 2 total parking spaces; Detached 2-car garage; Driveway; Concrete surfaces; Boat parking; Garage door opener
• Utilities: Private well water; Septic tank sewer
• Home design: Single-family residence; One-story; Entry level: One; Residential property
• Construction: Stucco construction; Block foundation; Built with metal roof
• Exterior features: Privacy vinyl fencing; Metal roof; Corner, level lot; Paved road frontage; Garage(s), storage, and workshop on property

Interior

• Kitchen: Dishwasher; Electric cooktop; Electric oven; Electric range; Microwave; Refrigerator; Water heater
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Electric heating; Heat pump; Central air conditioning
• Interior features: Open floorplan; Blinds and window treatments

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $319k.

Deal economics

• At list price, monthly cash flow is $-34 ($-402/yr) — negative.
• To cash-flow at today's rent, offer at most $313k (1.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $295k (7.5% below list).
• Recommended offer: $281k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.8% vs local median 2.1% in Crystal River — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 66/100 on livability (#603 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+; Watch: health & safety C-, amenities F, commute F.
• Citrus (rural): math 49% / reading 50% proficiency, ranked #44 of 73 in FL (top 60%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Rock Crusher Elementary School (math 70% / reading 56%, grade B, #582 of 2,144 statewide, top 28%, 665 students, 68% FRL); Crystal River Middle School (math 49% / reading 47%, grade C-, #286 of 571 statewide, top 50%, 900 students, 64% FRL); Crystal River High School (math 31% / reading 44%, grade F, #336 of 667 statewide, top 51%, 1,249 students, 56% FRL).
• Market conditions: 325 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 2,443 units permitted in Citrus County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.
• Citrus County population projected to shrink 10% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 274 days — a 12% lower offer ($281k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 19y ago; this cycle's ask has dropped $46k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $265k; 20% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $280,720 (12.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 274 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.92% ✗
• Cap rate: 7.77%
• Cash-on-cash: 5.28%
• DSCR: 1.23
• GRM: 9.0

CMA / ARV

• ARV (on-the-fly): $249,132
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
336 S Hibiscus Ave	0.10mi	3/2.5	1,616 (+1%)	24mo	$269,000	$166	72
438 S Camillia Ave	0.18mi	3/2.0	1,758 (+10%)	10mo	$205,000	$117	66
105 S Poinsettia Ter	0.26mi	3/2.0	1,700 (+6%)	19mo	$255,000	$150	61
49 S Poinsettia Ter	0.31mi	3/2.0	1,376 (-14%)	22mo	$215,000	$156	44

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -17.0%
• Equity multiple: 0.40×
• Total profit: $-53,683
• Equity at exit: $47,564

10-year hold

• IRR: -8.8%
• Equity multiple: 0.45×
• Total profit: $-48,915
• Equity at exit: $27,581

Cash invested: $89,320 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 34429

• Home prices YoY: -17.8%
• Active inventory: 325
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $2,950 medium
• Mortgage (P&I): −$1,673
• Tax from tax record: −$132 /mo · $1,580/yr
• Insurance: −$133
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$620
• Net cashflow: $-34

Break-even live

Break-even rent $2,992

Max offer price $313,082

Occupancy floor 96%

Sensitivity live

Price	-10% $147	-5% $57	+0% $-34	+5% $-124	+10% $-214
Rent	-10% $-267	-5% $-150	+0% $-34	+5% $83	+10% $200
Rate	-1.0pp $127	-0.5pp $48	base $-34	+0.5pp $-116	+1.0pp $-200

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $79,750
• Closing costs: $9,570
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
540 N Afterglow Cir Crystal River, FL	3.0	2.0	1500	$2,950	$1.97	21d	1	0.89mi

Listing history 27 events

1. 2026-06-09
   status $319,000 Pending 274 DOM
2. 2026-06-08
   days on market $319,000 Active 274 DOM
3. 2026-06-03
   days on market $319,000 Active 269 DOM
4. 2026-06-02
   days on market $319,000 Active 268 DOM
5. 2026-06-01
   days on market $319,000 Active 267 DOM
6. 2026-05-31
   days on market $319,000 Active 266 DOM
7. 2026-05-30
   days on market $319,000 Active 265 DOM
8. 2026-03-31
   price $319,000
9. 2026-03-27
   status Active
10. 2026-03-19
    status Pending
11. 2026-01-27
    price $328,000
12. 2025-12-17
    price $329,000
13. 2025-10-15
    price $339,499
14. 2025-09-13
    price $349,500
15. 2025-08-29
    listed $364,900 Active
16. 2023-11-22
    soldstatus $265,000
17. 2023-11-17
    soldstatus $265,000 Closed 1084-char remark

    Show marketing remark (1325 chars)

    Welcome to the Tropic Terrace Neighborhood. With no deed or rental restrictions, this property offers you the freedom you desire. This residence has 3 beds, 2 baths, an inside laundry room, a dining room, a kitchen, and living room. The kitchen has stainless steal appliance package, and granite counter tops. The property also includes a detached two-car garage, featuring a workshop area. Entertaining friends and family is a breeze in the ample backyard, fully fenced. There's plenty of room for your toys and even your beloved animals to roam freely. The house comes with a sturdy metal roof installed in 2019 and a reliable AC system 2019. When you're not enjoying the comforts of your home, take advantage of all that Crystal River and Homosassa have to offer. From incredible fishing opportunities to vibrant nightlife, there's always something exciting to explore in this area. Plus, you'll love the convenience of living in this neighborhood that's only minutes away from shopping, dining, medical facilities, and entertainment options. If you're a boating enthusiast, you're in luck! With Ozello Trail just a few miles away, you can easily launch your boat into the water and start enjoying your aquatic adventures. Schedule your showing now and envision the wonderful memories you'll create in this fantastic home!

18. 2023-11-17
    soldstatus $265,000 Closed 1325-char remark

    Show marketing remark (1325 chars)

    Welcome to the Tropic Terrace Neighborhood. With no deed or rental restrictions, this property offers you the freedom you desire. This residence has 3 beds, 2 baths, an inside laundry room, a dining room, a kitchen, and living room. The kitchen has stainless steal appliance package, and granite counter tops. The property also includes a detached two-car garage, featuring a workshop area. Entertaining friends and family is a breeze in the ample backyard, fully fenced. There's plenty of room for your toys and even your beloved animals to roam freely. The house comes with a sturdy metal roof installed in 2019 and a reliable AC system 2019. When you're not enjoying the comforts of your home, take advantage of all that Crystal River and Homosassa have to offer. From incredible fishing opportunities to vibrant nightlife, there's always something exciting to explore in this area. Plus, you'll love the convenience of living in this neighborhood that's only minutes away from shopping, dining, medical facilities, and entertainment options. If you're a boating enthusiast, you're in luck! With Ozello Trail just a few miles away, you can easily launch your boat into the water and start enjoying your aquatic adventures. Schedule your showing now and envision the wonderful memories you'll create in this fantastic home!

19. 2023-10-02
    status Pending 1084-char remark

    Show marketing remark (1325 chars)

    Welcome to the Tropic Terrace Neighborhood. With no deed or rental restrictions, this property offers you the freedom you desire. This residence has 3 beds, 2 baths, an inside laundry room, a dining room, a kitchen, and living room. The kitchen has stainless steal appliance package, and granite counter tops. The property also includes a detached two-car garage, featuring a workshop area. Entertaining friends and family is a breeze in the ample backyard, fully fenced. There's plenty of room for your toys and even your beloved animals to roam freely. The house comes with a sturdy metal roof installed in 2019 and a reliable AC system 2019. When you're not enjoying the comforts of your home, take advantage of all that Crystal River and Homosassa have to offer. From incredible fishing opportunities to vibrant nightlife, there's always something exciting to explore in this area. Plus, you'll love the convenience of living in this neighborhood that's only minutes away from shopping, dining, medical facilities, and entertainment options. If you're a boating enthusiast, you're in luck! With Ozello Trail just a few miles away, you can easily launch your boat into the water and start enjoying your aquatic adventures. Schedule your showing now and envision the wonderful memories you'll create in this fantastic home!

20. 2023-10-02
    status Pending 1325-char remark

    Show marketing remark (1325 chars)

    Welcome to the Tropic Terrace Neighborhood. With no deed or rental restrictions, this property offers you the freedom you desire. This residence has 3 beds, 2 baths, an inside laundry room, a dining room, a kitchen, and living room. The kitchen has stainless steal appliance package, and granite counter tops. The property also includes a detached two-car garage, featuring a workshop area. Entertaining friends and family is a breeze in the ample backyard, fully fenced. There's plenty of room for your toys and even your beloved animals to roam freely. The house comes with a sturdy metal roof installed in 2019 and a reliable AC system 2019. When you're not enjoying the comforts of your home, take advantage of all that Crystal River and Homosassa have to offer. From incredible fishing opportunities to vibrant nightlife, there's always something exciting to explore in this area. Plus, you'll love the convenience of living in this neighborhood that's only minutes away from shopping, dining, medical facilities, and entertainment options. If you're a boating enthusiast, you're in luck! With Ozello Trail just a few miles away, you can easily launch your boat into the water and start enjoying your aquatic adventures. Schedule your showing now and envision the wonderful memories you'll create in this fantastic home!

21. 2023-08-24
    price $279,900 1325-char remark

    Show marketing remark (1325 chars)

    Welcome to the Tropic Terrace Neighborhood. With no deed or rental restrictions, this property offers you the freedom you desire. This residence has 3 beds, 2 baths, an inside laundry room, a dining room, a kitchen, and living room. The kitchen has stainless steal appliance package, and granite counter tops. The property also includes a detached two-car garage, featuring a workshop area. Entertaining friends and family is a breeze in the ample backyard, fully fenced. There's plenty of room for your toys and even your beloved animals to roam freely. The house comes with a sturdy metal roof installed in 2019 and a reliable AC system 2019. When you're not enjoying the comforts of your home, take advantage of all that Crystal River and Homosassa have to offer. From incredible fishing opportunities to vibrant nightlife, there's always something exciting to explore in this area. Plus, you'll love the convenience of living in this neighborhood that's only minutes away from shopping, dining, medical facilities, and entertainment options. If you're a boating enthusiast, you're in luck! With Ozello Trail just a few miles away, you can easily launch your boat into the water and start enjoying your aquatic adventures. Schedule your showing now and envision the wonderful memories you'll create in this fantastic home!

22. 2023-08-01
    listed $279,900 Active 1084-char remark

    Show marketing remark (1325 chars)

    Welcome to the Tropic Terrace Neighborhood. With no deed or rental restrictions, this property offers you the freedom you desire. This residence has 3 beds, 2 baths, an inside laundry room, a dining room, a kitchen, and living room. The kitchen has stainless steal appliance package, and granite counter tops. The property also includes a detached two-car garage, featuring a workshop area. Entertaining friends and family is a breeze in the ample backyard, fully fenced. There's plenty of room for your toys and even your beloved animals to roam freely. The house comes with a sturdy metal roof installed in 2019 and a reliable AC system 2019. When you're not enjoying the comforts of your home, take advantage of all that Crystal River and Homosassa have to offer. From incredible fishing opportunities to vibrant nightlife, there's always something exciting to explore in this area. Plus, you'll love the convenience of living in this neighborhood that's only minutes away from shopping, dining, medical facilities, and entertainment options. If you're a boating enthusiast, you're in luck! With Ozello Trail just a few miles away, you can easily launch your boat into the water and start enjoying your aquatic adventures. Schedule your showing now and envision the wonderful memories you'll create in this fantastic home!

23. 2023-08-01
    listed $284,900 Active 1325-char remark

    Show marketing remark (1325 chars)

    Welcome to the Tropic Terrace Neighborhood. With no deed or rental restrictions, this property offers you the freedom you desire. This residence has 3 beds, 2 baths, an inside laundry room, a dining room, a kitchen, and living room. The kitchen has stainless steal appliance package, and granite counter tops. The property also includes a detached two-car garage, featuring a workshop area. Entertaining friends and family is a breeze in the ample backyard, fully fenced. There's plenty of room for your toys and even your beloved animals to roam freely. The house comes with a sturdy metal roof installed in 2019 and a reliable AC system 2019. When you're not enjoying the comforts of your home, take advantage of all that Crystal River and Homosassa have to offer. From incredible fishing opportunities to vibrant nightlife, there's always something exciting to explore in this area. Plus, you'll love the convenience of living in this neighborhood that's only minutes away from shopping, dining, medical facilities, and entertainment options. If you're a boating enthusiast, you're in luck! With Ozello Trail just a few miles away, you can easily launch your boat into the water and start enjoying your aquatic adventures. Schedule your showing now and envision the wonderful memories you'll create in this fantastic home!

24. 2022-08-30
    soldstatus $195,000
25. 2009-10-19
    soldstatus $60,000
26. 2009-10-15
    soldstatus $60,000
27. 2007-01-11
    listed $79,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $1,580 · $132/mo
• Projected year-2 tax: $2,648 · $221/mo
• Expected delta: +$1,068/yr (+$89/mo · 67.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°F today · 27 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $35,400
• − Mortgage interest: −$17,869
• − Property taxes: −$1,580
• − Insurance: −$6,714
• − Repairs & maintenance: −$2,832
• − Management: −$2,832
• − Depreciation: −$9,280
• Taxable loss: −$5,707
• Est. tax savings @ 24.0%: +$1,370
• After-tax cash flow: $968/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Citrus
• NCES district ID: 1200270
• Math proficiency: 49% ▼ -10.00%
• Reading proficiency: 50% ▼ -6.00%
• Median HH income: $38,618
• Composite: 41.28/100
• National rank: #3519
• State rank: #44 of 73 in FL

Livability — Crystal River

• Score: 66/100
• State rank: #603
• US rank: #11564

Category grades

Amenities F Commute F Cost of living A+ Crime A+ Employment F Housing B- Health & safety C- User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 10,163
• Population (ZIP): 9,494

Population outlook (Citrus County) Hauer SSP2

• Today (2025): 138,622 people
• By 2030: 136,886 · -1.3%
• By 2040: 132,009 · -4.8%
• By 2050: 125,196 · -9.7%
• By 2075: 108,570 · -21.7%
• By 2100: 84,454 · -39.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Black 5% Hispanic / Latino 4% Two or more races 3%
• Common ancestry: Italian 7% Slovak 2% Lithuanian 2%
• Foreign-born: 4% · Canada
• Languages at home: 97% English-only · Spanish 1% Tagalog/Filipino 1%

Political lean MEDSL · Citrus

• 2024 margin: Solid R (+45.9) · D 26.8% · R 72.6%
• 2008→2024 swing: -29.8pp toward R · 2008: -16.1pp · 2024: -45.9pp
• All cycles: 2024: R+45.9 2020: R+41.0 2016: R+39.7 2012: R+21.9 2008: R+16.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -58.92%
• Current HPI: 271.3171
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+299.2% since first listed

20 events — show timeline

• 2026-03-31 Price Changed $319,000 RACC
• 2026-03-27 Relisted — RACC
• 2026-03-19 Pending — RACC
• 2026-01-27 Price Changed $328,000 RACC
• 2025-12-17 Price Changed $329,000 RACC
• 2025-10-15 Price Changed $339,499 RACC
• 2025-09-13 Price Changed $349,500 RACC
• 2025-08-29 Listed $364,900 RACC
• 2023-11-22 Sold (Public Records) $265,000 Public Records
• 2023-11-17 Sold (MLS) $265,000 Stellar MLS as Distributed by MLS Grid
• 2023-11-17 Sold (MLS) $265,000 RACC
• 2023-10-02 Pending — RACC
• 2023-10-02 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-08-24 Price Changed $279,900 Stellar MLS as Distributed by MLS Grid
• 2023-08-01 Listed $284,900 Stellar MLS as Distributed by MLS Grid
• 2023-08-01 Listed $279,900 RACC
• 2022-08-30 Sold (Public Records) $195,000 Public Records
• 2009-10-19 Sold (Public Records) $60,000 Public Records
• 2009-10-15 Sold (MLS) $60,000 RACC
• 2007-01-11 Listed $79,900 RACC

Property tax history

+4.3%/yr

Latest (2025): $1,580 · +6.4% YoY. Source: county tax records.