tomo logo

$1,500,000

Beds
2
Baths
2.5
sq ft
1,800

603 Front St, Welaka, FL 32193

603 Front St

Welaka, FL 32193

  • 572 days on market
Seller open to all reasonable offers! * Under Facts and Features Click ''View Virtual Tour'' for Video * Authentic waterfront commercial property with permitted residential use! Situated on .65 acres with 148 ft of waterfront and 100+ year old oak canopies, it offers a one-of-a-kind craftsman cottage, 2 studios or offices, 6 boat slips, and a concrete pad—all with backup power from a 22 KW propane generator. This property provides a unique opportunity because of its versatile use and location. Current zoning permits this space to be creatively activated with ideas such as a brewery, restaurant, shops, wedding venue, yacht club or marina. If a commercial endeavor is not of interest, keep it as a private residence, recording studio or artist sanctuary. The cottage was remodeled in 2017 with modern amenities while thoughtfully maintaining the historic integrity. This open floor plan with artistic touches incorporates finishes like African Wenge & Walnut flooring, a pecky Cypress live edge vanity, beautiful custom stained-glass, reclaimed beams, and panoramic windows overlooking the gardens, deck, fire pit, and St. Johns River for stunning Western sunsets. The private second bed/bath downstairs also has a separate entrance for guests or potential renters. This property is across from 387,000 acres of the Ocala National Forest. It's truly a wildlife sanctuary with animals like bald eagles, manatees, and herons in your back yard. Welaka is a quaint town with convenient access to St. Augustine, Jacksonville, and Daytona. It's a golf cart community with gravel paths canopied with live oaks. It is home to entrepreneurs, artists, veterans, and even world-class outfitter brands, which is fitting considering the river is known as the Bass Fishing Capital of the World and Welaka means river of lakes. 1,000 sqft cottage, 800 sqft studio

Details

Property type

Single Family Residence

Lot size

Unknown

Price per sq ft

$834

Year built

1930

Price History

11/27/2023
RealMLS

RealMLS #1221684

Listed
$1,500,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Marianne Milledge

Loan start date

March 2016

Original loan amount

$200,000

Est. remaining balance

Not provided

Interest rate

3%

Loan type

Commercial

Seller

Michael Anthony Kielas and Estella J Fransbergen

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/04/2024 at 11:30 PM

Listing updated: 09/26/2024 at 5:05 PM

Listed by: MAZIE REGAN, ONE SOTHEBY S INTERNATIONAL REALTY Phone #: (321) 984-3135

MLS: RealMLS #1221684

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