2740 SATURN ROAD
About This Property
Located just minutes away from the Eastern Hernando-Pasco County line, this 12.8-acre agriculturally zoned property offers a rare blend of natural beauty, privacy, and potential. What truly sets it apart is the remarkable canopy of massive live oak trees-many estimated to be 80 to 100 years old-spreading across much of the land. These iconic trees lend a timeless character and a sense of heritage that's increasingly difficult to find in this part of Florida.
The land is features a quaint pond that attracts the local wildlife and is ideal for simply enjoying the view. Whether you're envisioning a private estate, a personal farm, or a future custom build with lots of acreage, the setting is both inspiring and practical.
A 1940s-era home still stands on the property and will likely require either a substantial renovation or full replacement. Two older outbuildings also remain, offering potential utility as barns or storage spaces with some work. A functioning well currently supplies water to the home, while the septic system will likely need repair or replacement.
Located just minutes from the Hernando-Pasco border, this property offers both privacy and proximity-rural peace with convenient access to growth corridors.
With its stunning tree canopy, pond, and flexible land use, this is more than just acreage-it's a rare opportunity to own a piece of Florida's natural heritage. This opportunity won't last long.
*All information provided is intended to be accurate however the buyer and buyer's agent must confirm and perform their own due diligence. For risk management purposes, an approved waiver of liability must be signed by the showing agent and customer prior to obtaining permission to show. This property under the control of a special magistrate pursuant to a Missouri Court Final Judgement, therefore any offers must contain a signed copy of the provided "Receiver's Addendum" and will also be subject to a modified "AS IS" contract. The acceptance date of any As-Is contract should not be less than seven business days. According to the Hernando County Planning and Zoning Department, Impact Fees have been credited to this property. The majority of the 12.8 acres is in FEMA Flood Zone X, however, there are two areas in Flood Zone A, with one being the pond area.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017