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5421 Gay St, Weeki Wachee, FL, 34607

2beds
2baths
912sqft
$550,000
$603price/sqft
$3,911/moest. monthly cost
$156,440/yrincome needed

About This Home

Write Your Own Story In the heart of Weeki Wachee--where crystal-clear spring waters wind gently toward the Gulf, where manatees drift like living sculptures beneath the surface, and where the legendary mermaids of Weeki Wachee Springs State Park have enchanted generations--there exists a way of life that feels untouched, unhurried, and entirely unforgettable. Here, mornings begin with the quiet glide of a kayak along the river, afternoons unfold beneath the Florida sun with paddleboards and boats drifting toward the Gulf, and evenings are reserved for waterfront dining, golden sunsets, and the rhythmic lull of water against the shore. From the depths of Hospital Hole to the lively local marinas and hidden restaurants accessible by boat, this is not just a destination--it's a feeling. A rhythm. A return to something simpler, yet richer. And nestled within this rare coastal paradise on Gay Street is a property that captures it all. Set along an extraordinary stretch of waterfront, this private riverfront retreat is more than a home--it is an experience. With expansive water frontage and direct access to the Gulf, it invites you to live fully immersed in the Nature Coast lifestyle. Launch your boat from your own backyard. Watch wildlife pass by as if on cue. Gather under the stars by the fire pit, or sip coffee at sunrise as the river awakens around you. Inside, the home is a seamless extension of its surroundings--light-filled, thoughtfully designed, and curated for comfort. Every detail speaks to ease and elegance, creating a space that feels both refined and effortlessly relaxed. It is the kind of place where days blur together in the best way, where time slows down, and where memories are made without effort. Equally compelling is its potential--not only as a personal escape but as a high-performing vacation rental in one of Florida's most sought-after waterfront markets. Travelers come here searching for exactly this: authenticity, beauty, and access to everything that makes Weeki Wachee so iconic. And this property delivers it in full. This is not just a home on the river. It is your front-row seat to a lifestyle most only visit--and now, one you can own. Property Highlights: 2 Bedroom | 2 Bathroom Riverfront Bungalow Situated on an oversized double lot on a quiet dead-end street Completely remodeled from top to bottom - true turnkey opportunity Approx. 260 ft of waterfront with direct Gulf access via deep canal Private boat launch - be on the water in minutes 160 ft seawall - ideal for boating, docking, and waterfront living Fully furnished - perfect for personal use or immediate vacation rental income Bright, open-concept layout with water views from nearly every room Porcelain wood-look tile flooring throughout Modern kitchen with soft-close cabinetry, granite countertops, stainless steel gas stove, breakfast bar, and built-in washer/dryer combo Spacious primary bedroom + bunk room for guests Two spa-inspired bathrooms with premium finishes and glass-enclosed showers French doors leading to a screened-in porch overlooking the water Expansive outdoor living: fire pit, gazebo, outdoor shower 12x24 detached shed with electric, French doors, deck & awning - ideal for studio, office, or workshop RV hookup and ample parking for boats, trailers, and multiple vehicles Surrounded by lush tropical landscaping for ultimate privacy and ambiance. MUST SEE!

Getting Around

7
WalkingCar-Dependent
0
TransitVery Limited Transit
28
BikeSomewhat Bikeable

Schools

4/10
4/10
Fox Chapel Middle SchoolGrades 6-83.9 mi
3/10
Weeki Wachee High SchoolGrades 9-126.5 mi

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1963

Materials

  • Roof: Metal
  • Construction materials: Block

Type & Style

  • Home type: SingleFamily
  • Architectural style: Contemporary
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Gas Range,Gas Water Heater,Microwave,Refrigerator,Washer/Dryer Stacked
  • Laundry features: In Unit

Bedroom1

  • Level: Main

Bedroom2

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Breakfast Bar,Ceiling Fan(s),Smart Thermostat
  • Flooring: Tile
  • Fireplace features: Electric
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Electric,Other
  • Cooling features: Wall/Window Unit(s),Other

Interior Area

  • Total structure area: 912
  • Total interior livable area: 912 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Property

Details

  • Parcel number: R32 222 17 3960 0000 0740
  • Zoning: R1A
  • Zoning description: Residential
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Porch,Rear Porch,Screened
  • Exterior features: Boat Ramp - Private,Outdoor Shower
  • Has view: Yes
  • View description: Canal,River,Water
  • Has water view: Yes
  • Water view: Canal,River,Water
  • On waterfront: Yes
  • Waterfront features: Canal Front,River Access,Seawall

Lot

  • Lot size: 10,018 sqft
  • Features: Corner Lot,Dead End Street

Parking

  • Parking features: Off Street

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

  • Coastal Flooding
    Coastal FloodingVery High
  • Hurricane
    HurricaneModerate
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate
  • Wildfire
    WildfireModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
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 *$184$2,208
Property Taxes $749$8,988
Electricity $197$2,366
Total$3,911$46,932
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$134,091/yr
40% on housing$117,330/yr
45% on housing$104,293/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

$603This listing

vs Other Active Listings

Avg $/sqft

ZIP 34607$243
Hernando County$169

vs Homes Sold Last Month

Median $/sqft

ZIP 34607$303
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)

Price History

DateEventPrice
2026-04-22Price change$550,000
2026-04-03Price change$559,900
2026-01-06Price change$565,000
2025-12-27Price change$566,000
2025-12-21Price change$567,000
2025-12-15Price change$568,000
2025-11-19Price change$569,000
2025-11-07Listed for sale$599,000
2025-09-27Pending sale$599,000
2025-09-11Price change$599,000
2025-07-26Price change$629,000
2025-05-02Listed for sale$699,000
2022-10-14Sold$580,000
2022-08-30Pending sale$649,950
2022-07-01Listed for sale$649,950

For Sale by Agent

AgentSummer Philhower
BrokeragePeoples Trust Realty Inc

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