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18182 RAPIDAN ROAD
About This Property
Nestled among mature trees in the desirable Royal Highlands community of Weeki Wachee, this PARTIALLY CLEARED HOMESITE offers the perfect combination of privacy, natural beauty, and valuable improvements already in place! The sellers have invested in preparing the property for its next owner, including a PRIVATE WELL COMPLETED IN DECEMBER 2025 AND AN RV ELECTRICAL PEDESTAL WITH 30-AMP AND 50-AMP RECEPTACLES! With plenty of space to envision your future custom home with plenty of room for your RV, boat, and outdoor toys, this property offers exciting possibilities.
With NO HOA OR CDD FEES, you'll appreciate the flexibility of owning over an acre of land with room to plan your dream home, garage, workshop, and space for your RV, boat, or outdoor toys. Enjoy the privacy and tranquility of country living without sacrificing convenience!
Located in Florida's beautiful Nature Coast, you're just a short drive from shopping, restaurants, schools, medical facilities, parks, and golf courses. Outdoor enthusiasts will love the proximity to Weeki Wachee Springs, the Weeki Wachee Preserve, the Chassahowitzka River, and the Gulf Coast, offering endless opportunities for kayaking, boating, fishing, and exploring Florida's natural beauty. Convenient access to US-19 makes traveling throughout the area easy.
Whether you're planning your future dream home or looking for a long-term land investment, this property offers an opportunity to own acreage in one of Hernando County's desirable residential areas. COME EXPLORE THE POSSIBILITIES AND MAKE THIS BEAUTIFUL HOMESITE YOURS!
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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 |
|---|---|---|---|
| Oct 23, 2026 | Listed by FUTURE HOME REALTY INC | $65,000 | |
| Listed by FUTURE HOME REALTY INC | |||
| Sep 25, 2023 | Sold | ||
| Sold | |||
| Aug 28, 2023 | In contract | - | |
| In contract | |||
| Jun 7, 2023 | Listed by FUTURE HOME REALTY INC | $39,900 | |
| Listed by FUTURE HOME REALTY INC | |||
| Oct 20, 2004 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017