$355,000
3317 OLEANDER DRIVE, HERNANDO BEACH, FL 34607
Beds
2
Baths
3
Sq Ft
1,344 sq ft
Year Built
1981
Lot Size
0.34 acres
Garage
—
About This Property
Short Sale. SHORT SALE.! Discover an exceptional waterfront opportunity in Hernando Beach with this elevated 2-story home featuring inground pool, oversized double lot, direct canal access to the Gulf of Mexico, and tremendous upside potential. This property is priced at $355,000, subject to short-sale lender approval, with a repaired value estimated to exceed $480,000. Main Upper-Level Living – Move-In Ready The elevated main residence offers a comfortable and functional 2-bedroom, 1.5-bath layout with spacious living areas and charming architectural details: Formal living room with wood-burning fireplace Formal dining room Open kitchen with granite counters, breakfast bar, abundant cabinetry, all appliances, and gas range Enclosed balcony/porch finished as a family room Interior laundry room Laminate flooring in main living areas Some cosmetic updates needed, allowing buyers to personalize to taste Ground-Level Living – Rebuilt & Ready for Finishing The ground level was previously enclosed and finished as an additional living area, in-law suite, or rental unit. This level sustained hurricane-related flooding and was professionally gutted and rebuilt with: All new wall studs New drywall Fully laid-out floorplan ready to finish: 2 bedrooms, 1 full bath, laundry room, full kitchen, dining room, formal living room, and screened rear patio This space is currently unfinished, providing a rare opportunity to complete it exactly as desired. Outdoor Features & Waterfront Lifestyle Enjoy Florida coastal living with outstanding outdoor amenities: Inground concrete pool with open patio Separate storage/workshop building Waterfront on a saltwater/brackish canal leading directly to the Gulf of Mexico Seawall in place Boat dock installed (needs some repair) Oversized double lot with room to add a private boat ramp Peaceful waterfront setting close to restaurants, shopping, parks, and all Hernando Beach attractions Short Sale Opportunity This is a short sale with tremendous upside for investors, renovators, or buyers seeking a waterfront home with built-in equity. Final sale price is subject to lender approval. A rare chance to own a waterfront pool home with Gulf access at an exceptional value. Let's Make A Deal Today !
Property Overview
Interior Features
Exterior & Lot
Pool & Spa
Waterfront
Utilities
Parking
HOA & Community
Financial Details
Directions
WEST ON SPRING HILL DR, CONTINUE ON OSOWAW BLVD, TO MORTH ON SHOAL LINE BLVD, TO WEST ON HERMOSA BLVD, TO RIGHT ON OLEANDER DR TO FIRST HOUSE ON LEFT SIDE.
Location
3317 OLEANDER DRIVE, HERNANDO BEACH, FL 34607
Listing Information
Schedule a Tour
Pick a Day
Preferred Time
Home Price
$355,000
Loan Term
How to Buy This Home
Multiple financing options available for this $355,000 home in HERNANDO BEACH.
🏦
Conventional
$17,750 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.
More Homes in Hernando Beach
More Homes in Hernando Beach
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 24, 2026.