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4384 4TH ISLE DRIVE
About This Property
90 FEET OF WATERFRONT on a LOT AND A HALF in a CUL-DE-SAC in Hernando Beach with your very own PRIVATE BOAT RAMP in the backyard. Not a community ramp. Not a public ramp. Yours. Launch your boat and be in the OPEN GULF IN 5 MINUTES. Scalloping season, offshore fishing, sunset cruises -- this becomes your normal.
The backyard is the reason people fall in love with this one. FLOATING DOCK. SEAWALL WITH CAP. TIKI HUT. FIREPIT. FENCED DOG RUN. HUGE PAVER SIDE YARD. GARDEN AREA. The kind of backyard that makes your friends stop asking why you moved to Florida.
Inside -- CEMENT BOARD CONSTRUCTION. TILE FLOORING THROUGHOUT. ELEVATED LOT. NEW ROOF 2024. NEW HOT WATER HEATER 2025. ALL NEW KITCHEN APPLIANCES 2024. DUAL PANE WINDOWS. The big ticket items are done and this home is ready for its next chapter.
NO HOA. NO SHORT-TERM RENTAL RESTRICTIONS. Golf cart friendly community. Use it as a full time home, a weekend escape, or an income producing waterfront rental. The flexibility is yours.
Evenings at Brian's Place. Lunch at The Lazy Lizard. Live music at the tiki bar. Morning coffee on the dock. Minutes from Weeki Wachee River, Pine Island Beach, and Rogers Park.
4384 4th Isle Drive, Hernando Beach · 500,000.
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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.
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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