7255 Tropical DRIVE, Weeki Wachee, FL, 34607 | $445,000

Seize the extraordinary opportunity to own 54 feet of prime riverfront on the unparalleled beauty of the Weeki Wachee River. Nestled along the 7. 5-mile crystal-clear stretch, this property boasts a rare blend of natural wonders and Florida history. The Weeki Wachee River, fed by the legendary Weeki Wachee Springs, maintains a constant 74-degree temperature year-round, creating an idyllic haven for water enthusiasts.

Weeki Wachee Springs, a historic roadside attraction since the 1940s, is renowned for its live mermaid shows, adding a touch of magic to this already enchanting location. The springs complex contributes over 112 million gallons of water daily to the river's flow, ensuring a continuous spectacle of pristine waters. Multiple smaller springs further enhance the river's allure as it meanders through a state park to its conclusion at the Mud River, ultimately flowing into the Gulf of Mexico at Bayport.

This property is not only a potential future home site but also a sanctuary for RV enthusiasts seeking an immersive experience amid the Weeki Wachee's breathtaking surroundings. An adjacent parcel, also available for purchase, provides the option to expand your riverfront domain to an impressive 104 feet.

Unlike restrictive properties, this lot is free from HOA constraints, allowing for versatile use and short-term rentals. Navigate the waterways seamlessly, with direct access to the Gulf of Mexico and no fixed bridges hindering your aquatic adventures. Witness the graceful movements of manatees and dolphins right from your property and indulge in diverse freshwater and saltwater fishing experiences.

The property currently has a small home on it that was damaged in the recent flooding that can be renovated or torn down by a future owner.

Zoned R3 and generously sized providing ample space for crafting a future dream home. Discover Weeki Wachee Gardens, a spring-fed riverfront community in Hernando County, just 60 minutes north of Tampa International Airport via the Suncoast Parkway. Embrace the essence of old Florida in this secluded haven, a timeless retreat off US 19 and SR 50 that transports you miles away and years back in time. "

Features

  • Lot Size: 54 x 91 x 50 x 78
  • MLS#: W7860579
  • Days on Market: 248 days
  • Website: https://www.raveis.com
    /prop/W7860579/7255tropicaldrive_weekiwachee_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/21/2024 9:32:08 PM)
Listing courtesy of GULF COAST FISHING HOMES RLTY   Phone: 813-394-4356

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NMLS Mortgage Loan Originator ID 16953

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7255 Tropical DRIVE, Weeki Wachee, FL, 34607

$445,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $356,000 $356,000 $356,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.477% 7.159% 6.296%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,368 $2,366 $3,002
Total Monthly Payment $2,443 $2,441 $3,077

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.