507 LAKE STREET, INVERNESS, FL, 34450
Active70 days on marketListed May 27, 2026MLS #OM725479
About this home
507 LAKE STREET
Picture a character-filled older home set just steps from the heart of downtown, where everything you need is within an easy stroll—cafés, small shops, weekend markets, and the quiet hum of a close-knit community. The house itself carries the charm of another era: a front porch great for slow mornings, inside, you might find built-ins, detailed trim, and a layout that feels both cozy and storied, with each room offering its own sense of warmth. What truly sets it apart, though, are the lake views. From the backyard, a balcony, or even a sunroom, the water becomes part of daily life—glassy and calm at sunrise, shimmering in the afternoon, and reflecting soft colors at dusk. There’s often a gentle breeze coming off the lake, carrying that fresh, open-air feeling that’s hard to replicate. It’s the kind of place where you can enjoy the energy of downtown whenever you want, then retreat home to something peaceful, scenic, and full of personality.
Facts & features
The home at a glance
3
Bedrooms
1
Bathrooms
816
Sqft
0.09 ac
Lot size
1950
Year built
One
Levels
$221
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$1,441 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$1,441/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Inverness actives
$221 vs $178
Days on market
70 vs 42 typical
Where $221/sqft sits among the 190 Inverness actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Inverness
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Inverness. See the full Inverness guide →
INVERNESS 34450 — neighborhood snapshot
Population
10,408
Median age
59.5
Median income
$48,955
Median home value
$210,200
Avg household
2.04
Households w/ children
604
For the school run
Citrus County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Inverness market
$235K → $245K
Inverness median sold, yr/yr
96.3%
Sale-to-list ratio (12 mo)
93 of 190
Inverness actives have cut their price
Median sold price, Inverness, trailing 36 months (3-month rolling) · live MLS data.
Paper trail
This home's history
Reality check
What actually sold near 507 LAKE STREET
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · May ’26$350,000
1385 TURNER TERRACE · same community
3 bd · 2 ba · 1,492 sqft · $235/sqft · 3 DOM
Sold · Oct ’25$200,000
310 W DAMPIER STREET
2 bd · 1 ba · 857 sqft · $233/sqft · 3 DOM
Sold · Aug ’25$208,000
833 MAPLE AVENUE
2 bd · 2 ba · 926 sqft · $225/sqft · 32 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 507 LAKE STREET — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 507 LAKE STREET — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
507 LAKE STREET FAQs
What would the monthly payment be for 507 LAKE STREET?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $1,441/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 507 LAKE STREET?+
The most recent tax bill on record (2025) was $1,699. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Inverness?+
At $180,000, this home is listed about 29% below the Inverness median of $255,000. The market section on this page shows how the area is trending.
Which schools are assigned to 507 LAKE STREET?+
Inverness Primary School (elementary), Citrus High School (high), Inverness Middle School (middle) — Citrus County School District. Always verify school assignments with the district before relying on them.
Keep looking
Similar homes nearby
Listing courtesy of LANDMARK REALTY · Janet Bega. MLS #OM725479.
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 is deemed reliable but is not guaranteed accurate by Stellar MLS.
Never miss a listing
New Inverness homes, in your inbox
Like 507 LAKE STREET but not quite? A daily digest of every new listing in Inverness — straight from the MLS, hours after it goes live. Unsubscribe anytime.
Just watching this one home? Ask David to ping you on any price or status change →