5111 S GRAY PELICAN WAY UNIT 5111, HOMOSASSA, FL, 34448
Active409 days on marketListed Jun 29, 2025MLS #TB8402052
About this home
5111 S GRAY PELICAN WAY UNIT 5111
Experience the best waterfront living at this updated condominium on the beautiful Homosassa River. With over 1543sqf + of living space, this fantastic townhome offers two bedrooms, two bathrooms, a spacious family room with a cozy wood-burning fireplace, and two enclosed balconies. The property boasts direct access to both the Gulf of Mexico and Homosassa Springs. For those interested in investment opportunities, it permits short-term rentals, with a minimum requirement of a one-month rental period. Situated in the Sportsman's Lodge community, this townhome offers unobstructed views of the enticing Homosassa River and the famous Monkey Island from the sprawling common area! Under the tree With amenities such as the riverfront swimming pool, three docks equipped with fish cleaning stations, kayak racks, and ice machines, this is a paradise for the outdoors enthusiast. Please note that the monthly fees cover extensive services, including flood insurance, water, sewer, trash, pest control services, and lawn and exterior building maintenance. Ready for the best of waterfront living?
Facts & features
The home at a glance
2
Bedrooms
2
Bathrooms
1,543
Sqft
0.02 ac
Lot size
1
Garage
1990
Year built
Three Or More
Levels
$2
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Principal and interest plus estimated taxes and insurance. Run your own numbers below.
$183 /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
$183/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Estimates only — taxes at 1.1%/yr and typical insurance; 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 Homosassa actives
$2 vs $174
Days on market
409 vs 63 typical
Where $2/sqft sits among the 226 Homosassa 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 Homosassa
Get to know Homosassa. See the full Homosassa guide →
HOMOSASSA 34448 — neighborhood snapshot
Population
10,741
Median age
56
Median income
$47,526
Median home value
$166,000
Avg household
2.28
Households w/ children
866
For the school run
Citrus County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Homosassa market
$314K → $303K
Homosassa median sold, yr/yr
95.9%
Sale-to-list ratio (12 mo)
113 of 226
Homosassa actives have cut their price
Median sold price, Homosassa, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 99% below the HOMOSASSA 34448 median. See the full Homosassa market guide →
Paper trail
This home's history
Reality check
What actually sold near 5111 S GRAY PELICAN WAY UNIT 5111
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jul ’26$310,000
5164 S SWIFTWATER WAY · same community
2 bd · 2 ba · 1,200 sqft · $258/sqft · 118 DOM
Sold · May ’26$400,000
11583 W RIVERHAVEN DRIVE
3 bd · 2.5 ba · 1,552 sqft · $258/sqft · 16 DOM
Sold · Jun ’26$257,500
4800 S WOOD WAY
3 bd · 2 ba · 1,584 sqft · $163/sqft · 116 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 5111 S GRAY PELICAN WAY UNIT 5111 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 5111 S GRAY PELICAN WAY UNIT 5111 — 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
5111 S GRAY PELICAN WAY UNIT 5111 FAQs
What would the monthly payment be for 5111 S GRAY PELICAN WAY UNIT 5111?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $183/mo — principal and interest, estimated property taxes 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.
Are pets allowed at 5111 S GRAY PELICAN WAY UNIT 5111?+
The listing reports pets: No. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Homosassa?+
At $3,200, this home is listed about 99% below the Homosassa median of $348,975. The market section on this page shows how the area is trending.
Which schools are assigned to 5111 S GRAY PELICAN WAY UNIT 5111?+
Rock Crusher Elementary School (elementary), Crystal River Middle School (middle), Crystal River High School (high) — Citrus County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Under the HOMOSASSA 34448 market on paper
$3,200 is 99% below the HOMOSASSA 34448 median of $218,500, and at $2/sqft it sits under the Homosassa average of $220.
02Your own pool
A private pool — the feature Florida buyers ask for first, already in the ground and included in the price.
03Time on market is leverage
409 days on market against a Homosassa median of 63 — sellers in this position are usually ready to negotiate.
04The price has already moved
Listed at $3,500, now $3,200 — a $300 cut. The full history is in the market section below.
Listing courtesy of CENTURY 21 EXECUTIVE TEAM · Chris Remmert. MLS #TB8402052.
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 Homosassa homes, in your inbox
Like 5111 S GRAY PELICAN WAY UNIT 5111 but not quite? A daily digest of every new listing in Homosassa — 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 →