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3184 ROSE ARBOR DRIVE
About This Property
Situated along a wide canal, the property features a NEWLY ADDED 85-FOOT SEAWALL-a major improvement already completed for the future owner. With the lot cleared and the seawall in place, you're one step closer to bringing your vision for a custom waterfront retreat to life.
Enjoy boating, fishing, kayaking, beautiful water views, and everything that makes Hernando Beach such a special place to call home. You'll also be close to everything the community has including local favorites like the Lazy Lizard, the VFW, waterfront dining, marinas, parks, and some of the best fishing and boating along Florida's Nature Coast.
Whether you're looking to build a primary residence, weekend getaway, or waterfront investment, this is your opportunity to own a cleared waterfront lot in one of Hernando Beach's distinctive canal communities. Bring your plans and start creating your own piece of the Florida waterfront lifestyle!
Added value for future construction-geotechnical soil testing has already been completed, including two soil borings to approximately 20 feet, with a geotechnical engineering report and foundation recommendations available.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 8, 2026 | Listed by TROPIC SHORES REALTY LLC | $175,000 | |
| Listed by TROPIC SHORES REALTY LLC | |||
| Jul 5, 2018 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017