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8007 CHAUCER DRIVE
About This Property
Discover the opportunity to build your dream home on over ½ acre homesite in River Country Estates, one of Weeki Wachee's established and desirable communities.
Measuring approximately 200' x 110', this property offers plenty of room to create a private retreat surrounded by mature Florida landscaping and a peaceful, residential setting. Enjoy the tranquility and natural beauty of Weeki Wachee while remaining conveniently connected to the amenities and attractions of the Tampa Bay area.
With easy access to US-19 and the Suncoast Parkway, commuting and traveling throughout the region is a breeze. Major employment centers, airports, sporting venues, shopping, dining, and entertainment are all within convenient reach. No CDD fees and low annual HOA fee, approximately $125 per year.
Key features and details of the community include:
• Private Park & Recreation: Includes a playground, basketball courts, pickleball courts, and a refurbished baseball diamond.
• Nature & Water Features: Features a scenic bird sanctuary lake/pond with open green space, mature trees, a gazebo, and picnic/grilling areas.
• Neighborhood Vibe: The community does not have a large resort-style clubhouse or multiple pools; instead, it focuses on a low-density, quiet neighborhood environment with low annual HOA fees (around $125 per year). Property is high a dry not flood insurance required.
• Location Benefits: Situated close to outdoor attractions like Weeki Wachee Springs State Park, local kayaking spots, and Rogers Park.
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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 |
|---|---|---|---|
| Sep 25, 2026 | In contract | - | |
| In contract | |||
| Sep 16, 2026 | Listed by SAVVY AVENUE, LLC | $50,000 | |
| Listed by SAVVY AVENUE, LLC | |||
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About Spring Hill
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017