711 W WHEELING LANE
About This Property
Discover your own private retreat on more than 2 acres at 711 W Wheeling Lane in Hernando, Florida.
The home has been refreshed with new carpet and interior paint, creating a clean, bright, move-in ready feel. Major system updates add real value and peace of mind, including a new roof, new hot water heater, new well tank, and an AC system replaced just two years ago with a transferable ten-year warranty.
Step outside to a screened-in pool and oversized patio designed for year-round Florida living. The pool is equipped with a high-efficiency variable-speed pump, keeping operating costs in check while maximizing enjoyment.
The property delivers privacy, space, and a true Florida lifestyle. Located just minutes from Homosassa Springs, the wildlife park, local restaurants, shops, and outdoor recreation, you get the best of both worlds, quiet living with convenient access.
Whether you're looking for a full-time residence, weekend escape, or long-term investment, this property offers flexibility and upside in a high-demand area.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Apr 3, 2026 | Sold | ||
| Sold | |||
| Mar 10, 2026 | In contract | - | |
| In contract | |||
| Jan 26, 2026 | Price Decreased |
$390,000
↓ $5K
(1.2%) | |
| Price Decreased | |||
| Nov 11, 2025 | Price Decreased |
$394,900
↓ $15K
(3.7%) | |
| Price Decreased | |||
| Jul 23, 2025 | Listed by EXP REALTY LLC | $410,000 | |
| Listed by EXP REALTY LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017