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4489 BURMUDA DRIVE
About This Property
The property is fully fenced for added privacy and security and comes equipped with a floating dock, and 70 feet of seawall with built-in steps for easy water access. Electric, water, and sewer connections are in place, making this a true turnkey opportunity to build now or hold for the future.
Enjoy the freedom of no deed restrictions and no HOA fees while embracing the laid-back coastal lifestyle Hernando Beach is known for. Spend your days fishing, scalloping, kayaking, or heading out to "The Flats," the area's locally famous sandbar. With waterfront dining, local bars, parks, and unforgettable Gulf sunsets just moments away, this is your chance to truly vacation where you live.
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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 |
|---|---|---|---|
| May 28, 2026 | Listed by PREMIERE PROPERTIES | $299,000 | |
| Listed by PREMIERE PROPERTIES | |||
| Apr 16, 2025 | Sold | ||
| Sold | |||
| Apr 2, 2025 | In contract | - | |
| In contract | |||
| Mar 13, 2025 | Price Decreased |
$275,000
↓ $25K
(8.3%) | |
| Price Decreased | |||
| Feb 12, 2025 | Listed by RE/MAX MARKETING SPECIALISTS | $300,000 | |
| Listed by RE/MAX MARKETING SPECIALISTS | |||
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Prime Waterfront Lot with Direct Gulf Access! This exceptional vacant waterfront lot is ready for your dream home! Water access is already installed, making it even easier to start enjoying the coastal lifestyle. It features a new seawall and a 70x3-foot pier (built in 2019) that extends along the water, making it easy to launch your boat, kayak, or just enjoy the breathtaking coastal views. The floating dock with a brand-new topper (2023), this property is perfect for boating enthusiasts. The dock is 8x12 and includes an extra-wide walkway/ramp (4 feet instead of the standard 3 feet) for added convenience. The lot is PVC-fenced on three sides with a double gate for easy access, while leaving the backyard open to maximize your waterfront experience. With direct, quick access to the open Gulf, this property is a boater’s paradise—whether you're fishing, island-hopping, or simply soaking in the stunning Florida sunsets. It's only minutes away from the marina and lots of fresh seafood restaurants and live music, the best of what the area has to offer! Don’t miss this rare opportunity to own a piece of waterfront paradise!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017