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4009 CROAKER DRIVE
About This Property
Build your dream home on this exceptional 75' x 100' parcel with desirable rear southern exposure in the tranquil, highly sought-after community of Hernando Beach South. Located adjacent to the Weeki Wachee Preserve, this rare offering combines natural beauty with easy access to everyday conveniences.
Key features:
Generous 75' x 100' buildable lot with rear southern exposure for optimal light and outdoor living
Situated in a peaceful, well-maintained neighborhood bordering the Weeki Wachee Preserve
Short walking distance to more than half a dozen restaurants and local shops
Minutes to Weeki Wachee Springs and the pristine Weeki Wachee River - ideal for kayaking, boating and nature exploration
Easy boating access: spend weekends on the Hernando Beach "Flats" or cruise to nearby destinations such as Anclote and the Homosassa River
Low annual HOA fee of just $306 - includes lawn maintenance until construction is complete and access to the community boat ramp
On-site survey and soil test reports available to streamline planning and building
Potential for expansive third-floor views overlooking the preserve and sparkling Gulf waters
This property is an exceptional opportunity to design and build a coastal residence that captures sun, water and serene preserve vistas. With practical utilities already evaluated and a community focused on waterfront living, this lot is a ready canvas for your next chapter.
Contact me for additional details, to review the survey and soil report, or to schedule a site visit
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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.
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About Hernando Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017