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15499 MALDEN ROAD
About This Property
Finding a full acre of buildable land in this location at this price point is not easy. This is it. 15499 Malden Road sits quietly on a peaceful street, zoned R1C Residential and ready for your vision.
High and dry, no flood zone, no HOA, no CDD. Just one full acre of land waiting for you to build exactly what you want, exactly the way you want it. NO HOA. No cookie cutter neighborhood.
NO HOA. No builder telling you what your house has to look like. No compromises.
You are minutes from some of the most iconic natural attractions in all of Florida. Weeki Wachee Springs State Park is just down the road -- crystal clear spring water, world famous mermaids, kayaking and tubing on the Weeki Wachee River that locals have been enjoying for decades. Homosassa Springs is a short drive away -- manatees, wildlife, old Florida charm that most of the state has paved over. Hernando Beach puts you on the water with boat ramps, waterfront dining, and Gulf Coast sunsets that never get old. This is the kind of land that does not come up often in a location this good. Zoned for Winding Waters K-8 and Weeki Wachee High School -- two of the area's newest schools.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 2, 2026 | Sold | ||
| Sold | |||
| Jun 11, 2026 | In contract | - | |
| In contract | |||
| Jun 9, 2026 | Listed by MERIDIAN REAL ESTATE | $65,000 | |
| Listed by MERIDIAN REAL ESTATE | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017