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PARALLEL ROAD
About This Property
Surrounded by mature trees and serene nature views, you'll enjoy privacy and tranquility with NO HOA and NO deed restrictions - giving you the freedom to create the custom home, workshop, pool, RV storage, or outdoor living space you've always wanted. With 1.55 acres of land, there is plenty of room to spread out and enjoy the Florida lifestyle.
Perfect for remote workers or commuters, this property is conveniently located near US-19, Hwy 50, and the Suncoast Parkway/Veterans Expressway, providing easy access to Tampa, Orlando, Clearwater, and St. Petersburg. You'll also be close to shopping, dining, schools, medical facilities, airports, and Florida's beautiful Gulf Coast beaches.
Outdoor enthusiasts will love being just minutes from Weeki Wachee Springs State Park, the Weeki Wachee River, and Chassahowitzka Wildlife Management Area, where you can enjoy boating, fishing, kayaking, hiking, wildlife viewing, and endless recreational opportunities.
Whether you're looking to build your forever home, create a private retreat, or invest in one of Florida's rapidly growing areas, this is your opportunity to own a slice of paradise in beautiful Weeki Wachee!
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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 |
|---|---|---|---|
| Sep 8, 2026 | In contract | - | |
| In contract | |||
| Aug 11, 2026 | Price Decreased |
$57,900
↓ $2K
(3.3%) | |
| Price Decreased | |||
| May 21, 2026 | Price Increased |
$59,900
↑ $10K
(20%) | |
| Price Increased | |||
| May 12, 2026 | Listed by DALTON WADE INC | $49,900 | |
| Listed by DALTON WADE INC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017