See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

15217 Bailey Hill Rd, Brooksville, FL, 34614

7beds
5baths
580sqft
$550,000
$948price/sqft
$3,554/moest. monthly cost
$142,160/yrincome needed

About This Home

One or more photo(s) has been virtually staged. Rare Income-Producing Opportunity: Fully renovated 5-acre multi-family compound in Brooksville, Hernando County, featuring three separate residences plus detached garage/workshop on agriculturally zoned, fully fenced land with NO HOA and NO CDD fees. This turnkey investment property offers immediate rental income potential, multi-generational living flexibility, or agricultural business operations with multiple revenue streams. Zoning: Agricultural (AG)—buyer to verify —allows residential use, livestock, farming, nursery operations, equestrian activities, RV/equipment storage, and home-based businesses, subject to county permits. Property includes 4 structures with individual utilities: (1) Block-constructed 1-bedroom/1-bathroom home (approx. 580sqft) with bonus flex room, completely rewired electrical system(2025), updated kitchen and bathroom, new roof October 2025, central AC, individual electric meter, separate septic system, own postal address, and exterior water/electrical hookups; (2) Renovated 3-bedroom/2-bathroom double-wide mobile home (1973) with complete interior updates, modern kitchen and bathrooms, luxury vinyl flooring, central AC, individual electric meter, separate septic, own postal address, aluminum roof (1999), washer and dryer, and exterior utilities; (3) Second renovated 3-bedroom/2-bathroom double-wide mobile home (1972) with complete electrical system replacement (2025), full interior updates, kitchen, bathrooms, contemporary ceramic tile flooring, central AC, individual electric meter, separate septic system, own postal address, Aluminum Roof (1999), washer and dryer and exterior water/electrical access; (4) Block-constructed detached garage with finished interior, utility sink, electricity, water hookup, new roof October 2025, suitable for studio, workshop, or additional storage/rental income. Each residence has its own postal address, enabling separate rental agreements. The completely fenced 5-acre parcel includes substantial cleared usable land ideal for small livestock, gardens, workshops, equipment parking, RV/boat storage, or future agricultural expansion. Infrastructure highlights: Private well system serving all structures, separate septic tanks, individual electric meters for each living unit allowing tenant-paid utilities, exterior hose bibs and 110V electrical outlets on all structures, central AC systems in all three homes, and ample parking throughout. The fully fenced acreage offers cleared land perfect for vegetable gardens, farming, chicken coops, goat/sheep enclosures, horse paddocks, greenhouse operations, or nursery business—all subject to Hernando County zoning regulations and permits. Income potential: Three rentable residences with separate addresses and utilities create immediate cash flow, while garage/workshop adds rental or business value. Prime Brooksville location with convenient access to US-19, Cortez Boulevard (SR-50), Weeki Wachee Springs State Park, Brooksville downtown, shopping (Walmart, Publix), dining, Oak Hill Hospital, and essential services—perfect balance of rural privacy with urban convenience. This turnkey agricultural compound with NO HOA/NO CDD provides unlimited flexibility for investors, multi-generational families, agricultural entrepreneurs, or income property seekers in Florida's Nature Coast. Showings strongly recommended to appreciate the extensive renovations, income-producing layout, and versatility this rare 5-acre property offers.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
14
BikeSomewhat Bikeable

Schools

5/10
Winding Waters K-8Grades PK-84.5 mi
3/10
Weeki Wachee High SchoolGrades 9-124.5 mi

Construction

Condition

  • Year built: 1978

Materials

  • Foundation: Concrete Perimeter
  • Roof: Shingle
  • Construction materials: Block

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Microwave,Range,Refrigerator
  • Laundry features: Outside

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 5
  • Full bathrooms: 5

Features

  • None
  • Flooring: Ceramic Tile,Vinyl

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 720
  • Total interior livable area: 580 sqft

Kitchen

  • Level: First
  • Area: 106.488
  • Dimensions: 8.7x12.24

Living Room

  • Level: First
  • Area: 165.5254
  • Dimensions: 9.14x18.11

Primary Bedroom

  • Features: Built-in Closet
  • Level: First
  • Area: 99
  • Dimensions: 9x11

Property

Details

  • Parcel number: R0242218000003100000
  • Zoning: AG
  • Special condition: None

Features

  • Levels: One
  • Stories: 1
  • Exterior features: Lighting

Lot

  • Lot size: 5 Acres

Parking

  • Total spaces: 1
  • Parking features: Garage
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneRelatively High
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate
  • Wildfire
    WildfireModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Tornado
Wildfire
Tsunami

FEMA Declared Disasters in Hernando County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,781$33,372
Home Insurance *$251$3,012
Property Taxes $325$3,900
Electricity $197$2,366
Total$3,554$42,648
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$121,851/yr
40% on housing$106,620/yr
45% on housing$94,773/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.9%
11.9%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 4.1%
4.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$948This listing

vs Other Active Listings

Avg $/sqft

ZIP 34614$191
Hernando County$169

vs Homes Sold Last Month

Median $/sqft

ZIP 34614$189
Hernando County$182

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-03-04Price change$574,000
2025-11-16Listed for sale$599,000
2018-01-22Sold$85,000
2017-11-18Price change$115,000
2017-11-02Price change$130,000
2017-10-27Price change$135,000
2017-10-22Price change$140,000
2017-09-21Listed for sale$150,000
2000-06-22Sold$135,000

For Sale by Agent

AgentMaria Mirt Sanchez
BrokerageJPT REALTY LLC

Similar Homes