3333 POINSETTIA DRIVE
About This Property
Bring your vision to this flood-damaged, gutted home located on a wide canal in the coastal community of Hernando Beach. This property offers indirect Gulf access and is just steps from the community boat lift, making it perfect for boaters who want convenient water access without the Gulf-front price. The home has been taken down to the studs and is ready for your renovation or rebuild plans. With a solid concrete block structure, a private dock, and a 79-foot seawall, this property provides a strong foundation for your dream waterfront retreat or investment project.
Hernando Beach is a unique, laid-back boating community on Florida's Nature Coast, known for its scenic canals, Gulf sunsets, and small-town coastal charm. Enjoy nearby marinas, local waterfront restaurants, and the Weeki Wachee Preserve with miles of nature trails. There's no HOA, giving you the freedom to design and use the property your way while still being close to shopping, medical facilities, and the Suncoast Parkway for an easy drive to Tampa.
Sold AS-IS. Cash or renovation financing. A great opportunity for builders, investors, or buyers looking to create a custom waterfront home in one of Hernando County's most desirable coastal neighborhoods.
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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 |
|---|---|---|---|
| Dec 9, 2025 | Sold | ||
| Sold | |||
| Nov 20, 2025 | In contract | - | |
| In contract | |||
| Nov 8, 2025 | Price Decreased |
$260,000
↓ $50K
(16.1%) | |
| Price Decreased | |||
| Oct 8, 2025 | Listed by COLDWELL BANKER WEAVER GROUP REALTY | $310,000 | |
| Listed by COLDWELL BANKER WEAVER GROUP REALTY | |||
| Apr 8, 2010 | Sold | ||
| Sold | |||
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About Hernando Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017