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Weeki Wachee Gardens 34607 Weeki Wachee Gardens
5271 Ray DRIVE
$186,000
● Land - Off Market

5271 Ray DRIVE

WEEKI WACHEE, FL 34607
bedrooms
Studio
bathrooms
0 Bath
$200,841
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Winning Ticket!! A spot on this amazing canal connecting to the crystal blue waters of the Weeki Wachee River just does not come along very often! Bring the RV or prepare to build that dream home. 50 ft waterfront in this amazing neighborhood allows you to jump in and swim, kayak and observe the manatees of our wonderful Nature Coast! Call today!!!
Unit Size
-
Days on Market
172 days
Land Size
0.10 acres
Price per sqft
-
Property Type
Land
Property Taxes
$101
HOA Dues
-
Year Built
1968

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 3 years ago (Stellar MLS #U8177754)

Price History

Date / Event Date Event Price
Mar 23, 2023 Sold
Premium
Sold
Sep 26, 2022 Listed by HEART OF FLORIDA REALTY $194,900
Listed by HEART OF FLORIDA REALTY
May 27, 2022 Sold
Premium
Sold
May 26, 2022 No longer available -
No longer available
May 10, 2022 In contract -
In contract
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,250
  • Lot Size Depth Feet: 850
  • Lot Size Frontage Feet: 500
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: WEEKI WACHEE GARDENS UN 2
  • Land Acres: 0000000098
  • Standard Land Use Code: 8001
  • County Land Use Code: 00
  • State Land Use Code: 00
  • Legal Description 1: WEEKIWACHEE GARDENS UNIT 2 LOT 93 OR 291 PG 625

Neighborhood

  • School District Name: Hernando County School District
  • School Tax School District: 36,178
  • Census Tract: 041502

Geography

  • Assessors Map Reference: MAP: 15D
  • Account Number: 00093758
  • Parcel: R32-222-17-3940-0000-0930
  • Lot: 93
  • Meridian: SEC 32 TWN 22S RNG 17E
  • Municipality: COASTAL RIVER BASIN EMS CRES
  • Latitude: 28.5316
  • Longitude: -82.6308

    Address

  • Full Address: 5271 Ray Dr
  • Address - House Number: 5271
  • Address - Street Name: Ray
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Spring Hill
  • Zip Code: 34607

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $185,204
  • Tax Rate Code Area: CW-ES

    Market Valuation

  • Market Total Value: $125,384
  • Market Land Value: $123,800
  • Market Improvement Value: $1,584

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $125,384
  • Assessed Land Value: $123,800
  • Assessed Improvements Value: $1,584

    Sales

  • Current Sale Contract Date: Mar 17, 2023
  • Current Sale Recording Date: Mar 23, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 15621
  • Previous Sale Recording Date: May 27, 2022
  • Previous Sale Contract Date: May 23, 2022
  • Previous Sale Amount: $197,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Weeki Wachee Gardens

Stats & Trends

Median Asking:

$400,000

Sale Price/ft²

$388

Below Asking

0.08%

Average Days on Market

94

Average Home Size

1320 ft²

Average Home Age

52.2 years

Currently For Sale

14 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 6460 River Run Boulevard, WEEKI WACHEE, FL, 34607

$2,000 /mo

  • 2 Beds
  • 2 Baths
  • 1,363 ft²
6460 River Run Boulevard, WEEKI WACHEE, FL, 34607 Listing by Adele Poston
Unit for rent at 4021 Eagle Nest Drive, HERNANDO BEACH, FL, 34607

$2,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,199 ft²
4021 Eagle Nest Drive, HERNANDO BEACH, FL, 34607 Listing by Judy Curry

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Stephanie Rotunda
HEART OF FLORIDA REALTY
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# U8177754
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 5271 Ray Drive built and last sold?
The property at 5271 Ray Drive was built in 1968 and last sold on Mar 17, 2023 for $186,000.
How much is this home worth?
The estimated value of the home located at 5271 Ray Drive is $0.
What are some comparable homes to 5271 Ray Drive?
There are currently no comparable homes to 5271 Ray Drive.
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