857 N Palm Springs Terrace Crystal River waterfront living at its finest! This 4-bedroom, 3.5-bath, two-story home is tucked away on a private canal off Kings Bay with direct Gulf access, offering the ultimate Florida lifestyle. Whether you're searching for a personal waterfront retreat, a part-time getaway, or an income-producing investment, this property checks every box. Currently operating as a turnkey short-term rental, the home also offers tremendous upside potential for increased rental income, as the owners often chose personal enjoyment over maximizing occupancy. Step outside to nearly 100 feet of seawall featuring a private boathouse cut into the seawall - ready for your boat and endless adventures on the water. From here, spend your days fishing in the Gulf, scalloping in the nearby grass flats, kayaking crystal-clear springs, or rafting up with friends at the famous shallows. Crystal River is known worldwide as the "Home of the Manatee, " and it's not uncommon to watch manatees, dolphins, and schools of fish right from your backyard. Surrounded by wetlands and natural beauty, you'll also enjoy daily sightings of osprey, bald eagles, hawks, and other native wildlife. Wake up each morning to peaceful sunrise views from the private second-story balcony off the primary suite while sipping coffee and enjoying the tranquil waterfront setting. Located in the highly desirable Palm Springs neighborhood - one of Crystal River's most sought-after waterfront communities with surrounding million-dollar homes - this property offers an incredible opportunity to own waterfront at a fraction of the price. The home experienced flooding during recent hurricanes but has since been professionally remediated and renovated. Additional updates include a new roof and one new A/C unit installed in 2023. Crystal River continues to grow in popularity for its laid-back "Old Florida" charm, freshwater springs, boating lifestyle, and direct access to the Gulf. Waterfront property here is limited, and demand continues to rise - making opportunities like this increasingly rare. Don't miss your chance to own a slice of paradise before it's gone.