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3406 BLUEFISH DRIVE
About This Property
Discover the perfect opportunity to build your custom coastal retreat on this cleared, build-ready lot located on a wide canal in Hernando Beach, Florida. Situated in a serene, waterfront neighborhood, this lot offers direct canal access and is just minutes from the Gulf of Mexico via the nearby community boat ramp.
Enjoy peace of mind with a fire hydrant conveniently located on the east side of the property, and take advantage of the proximity to local marinas, giving you multiple options for boat storage and maintenance.
Property Highlights:
• Cleared, level canal-front lot – ready for construction
• Fire hydrant on east side of lot (ideal for insurance and safety)
• Direct Gulf access via canal and community boat ramp
• Marinas nearby for added boating convenience
• Utilities available at the street
• Located in a coastal community with waterfront dining, parks, and nature preserves nearby
• Enjoy fishing, kayaking, and boating right from your backyard, or take a short ride out to the open Gulf for world-class fishing and diving. Minutes from local restaurants, parks, Weeki Wachee Springs, and U.S. 19 for easy access to shopping and Tampa-area amenities.
• This is more than just a lot-it's the start of your coastal lifestyle. Come see it today and start planning your dream home!
Elevated construction required.
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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 |
|---|---|---|---|
| Jun 26, 2026 | Price Decreased |
$59,000
↓ $10K
(14.5%) | |
| Price Decreased | |||
| Jun 21, 2025 | Listed by FLORIDAS BEST HOMES REALTY LLC | $69,000 | |
| Listed by FLORIDAS BEST HOMES REALTY LLC | |||
Property Highlights
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About Hernando Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017