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4018 SHEEPHEAD DRIVE
About This Property
Commuting is easy with quick access to Tampa via the Suncoast Parkway and Orlando via Highway 50, so you can enjoy coastal living without feeling disconnected. Bring your vision and start building-this is your opportunity to create something special along Florida's Nature Coast.
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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%.
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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 13, 2026 | Price Decreased |
$69,000
↓ $5K
(6.8%) | |
| Price Decreased | |||
| Apr 28, 2026 | Price Decreased |
$74,000
↓ $5K
(6.3%) | |
| Price Decreased | |||
| Jan 28, 2026 | Listed by PREMIERE PROPERTIES | $79,000 | |
| Listed by PREMIERE PROPERTIES | |||
| Apr 17, 2025 | Listed | $80,900 | |
| Listed | |||
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Lot 34 Cobia Drive in Hernando Beach South, Florida, is a 7,500 sq ft residential lot (75 ft x 100 ft) zoned R1C for single-family homes. This waterfront property offers 75 feet of canal frontage with indirect Gulf access via a community boat lift—ideal for boating and kayaking enthusiasts. Located in a quiet, deed-restricted neighborhood with an annual HOA fee of $330, the community maintains vacant lots and offers shared amenities like a boat slip. It's an ideal spot to build your coastal dream home. Just a short drive away, Weeki Wachee Springs State Park offers crystal-clear waters for kayaking, paddleboarding, and manatee spotting. With peaceful surroundings and outdoor adventure at your doorstep, this lot blends the best of Florida waterfront living.
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About Hernando Beach
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$1,900 /mo
- 2 Beds
- 2 Baths
- 1,114 ft²
$2,000 /mo
- 3 Beds
- 2 Baths
- 1,352 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017