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$498,900

5421 GAY STREET, WEEKI WACHEE, FL 34607

3D Tour
Active52 days on market

Beds

2

Baths

2

Sq Ft

912 sq ft

Year Built

1963

Lot Size

0.23 acres

Garage

,

About This Property

WRITE YOUR OWN STORY ON THE WATER BACK ON THE MARKET THROUGH NO FAULT OF THE PROPERTY! Previous buyers were unable to close due to personal circumstances -- their loss is your opportunity to own a truly unique piece of the Weeki Wachee waterfront lifestyle. Priced to sell and ready for its next owner! Welcome to this one-of-a-kind waterfront escape in sought-after Weeki Wachee Gardens. Situated on multiple lots at the end of a quiet dead-end street, this rare corner property is surrounded by water on approximately two-thirds of the property and offers approximately 260 feet of waterfront -- creating exceptional privacy, expansive water views and a setting that's difficult to duplicate. Whether your dream is a full-time waterfront home, Florida getaway, boating and kayaking retreat, short-term vacation rental, or long-term investment property, this Nature Coast gem offers incredible flexibility for today and the future. Inside, you'll find a comfortable, updated home featuring a modern kitchen with granite countertops and gas cooking, porcelain wood-look tile flooring, two updated bathrooms, a primary bedroom plus bunk room, and a convenient washer/dryer combination. But the real magic is outside. Enjoy Florida living from the screened porch, waterfront gazebo, sun deck and fire pit. Grab one of the included kayaks and head out to explore the crystal-clear waters of the Weeki Wachee. Manatees, turtles and other wildlife are frequent visitors to the surrounding waterways, creating your own little piece of Florida paradise. The oversized property offers abundant room for vehicles, boats and trailers, along with an RV hookup. Approximately 160 feet of seawall complements the property's extensive waterfrontage and outdoor living spaces. Just a short walk from Rogers Park and its public boat launch, you'll have easy access to boating, kayaking and everything the Weeki Wachee River lifestyle. Weeki Wachee Springs State Park, Hospital Hole, local restaurants and Gulf access via Bayport are also nearby. The property has been successfully used as a short-term vacation rental, giving its next owner even more possibilities. Continue using it as a vacation rental, make it your own weekend escape or second home, settle in full-time, or hold this unique waterfront property for the future. Rental history is available upon request. And if you've seen this home before, take another look. Multiple buyers have already fallen in love with this special property and put it under contract, but buyer circumstances prevented those transactions from closing -- not an issue with the property. Now it's your opportunity. Come fall in love with this Nature Coast gem and discover waterfront living, boating, kayaking, wildlife and the laid-back Weeki Wachee lifestyle -- right from your own backyard.

Property Overview

Property TypeResidential
Sub TypeSingle Family Residence
MLS #TB8538007
StatusActive
Year Built1963
Total Rooms5
ConstructionBlock, Wood Frame (FSC Certified)
RoofMetal
FoundationSlab
FacesSouth
SubdivisionWEEKI WACHEE GARDENS
CountyHernando
OwnershipFee Simple
FurnishedFurnished

Interior Features

InteriorCeiling Fan(s), Stone Counters, Window Treatments
FlooringCeramic Tile
AppliancesGas Water Heater, Microwave, Range, Refrigerator, Tankless Water Heater
LaundryIn Kitchen, Inside
CoolingCentral Air
HeatingElectric
FireplaceYes ()

Exterior & Lot

ExteriorOutdoor Shower, Private Mailbox, Rain Gutters, Storage
Other StructuresShed(s)
Lot Size0.23 acres (10,209 sq ft)
Lot FeaturesCleared, Street Dead-End
Road SurfacePaved
ViewWater
0

Waterfront

WaterfrontYes
FeaturesCanal - Freshwater

Utilities

WaterPublic
SewerPublic Sewer
UtilitiesCable Available, Electricity Connected, Propane, Sewer Connected, Water Connected

Parking

GarageNo

HOA & Community

HOANo
Senior CommunityNo

Financial Details

List Price$498,900
Annual Taxes$5,280 (2025)
FinancingCash, Conventional, FHA, VA Loan
ZoningR1A
Parcel #R3222217396000000740

Schools

ElementaryWestside Elementary-HN
MiddleFox Chapel Middle School
HighWeeki Wachee High School

Directions

Shoal Line Blvd to Darlene St. to Gay St.

Location

5421 GAY STREET, WEEKI WACHEE, FL 34607

Listing Information

OfficePEOPLE'S TRUST REALTY
ListedAugust 15, 2026

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Preferred Time

Scheduling is free, and you can cancel anytime.

Home Price

$498,900

20% ($99,780)
6.75%

Loan Term

Principal & Interest$2,589
Property Tax (est.)$457
Insurance (est.)$150
Total Monthly$3,196
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Nearby Schools

How to Buy This Home

Multiple financing options available for this $498,900 home in WEEKI WACHEE.

🏛️

FHA Loan

$17,462 Down

Government-backed, low down payment. Credit scores as low as 580.

🎖️

VA Loan

$0 Down

Zero down for eligible veterans, active duty, and military families.

🏦

Conventional

$24,945 Down

Traditional financing. As low as 3-5% down with good credit.

Florida Down Payment Assistance Programs

You may qualify for up to $35,000 in assistance to cover your down payment and closing costs.

Florida Hometown Heroes

Up to $35,000

First-time buyers working in FL

FL Assist

Up to $10,000

FHA, VA, or USDA borrowers

FL HLP Second Mortgage

Up to $10,000

First-time buyers, 0% deferred

Hernando County SHIP

Varies

Income-qualifying Hernando residents

Can You Afford This Home?

Quick check based on the 28% debt-to-income rule. Not a guarantee, just a starting point.

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Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. IDX information is provided exclusively 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. Data last updated: September 17, 2026.

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