8424 BALM STREET, Weeki Wachee, FL, 34607
About This Home
INCOME-PRODUCING POTENTIAL WITH DETACHED GUEST APARTMENT + PRIVATE 0.57 ACRE POOL HOME! Rare opportunity offering flexibility, space, and value with NO HOA and located in a NO FLOOD ZONE. This beautifully upgraded property delivers the perfect combination of modern living, privacy, and additional income potential in one package. The standout feature is the detached guest apartment with its own private entrance, full kitchen, bedroom, bathroom, split A/C system, and complete independence—ideal for multigenerational living, long-term guests, or generating rental income. Situated on a fully fenced 0.57-acre lot, the property offers exceptional privacy and functionality with a newly installed galvanized fence and remote-controlled sliding gate. There is ample space for RVs, boats, trailers, and additional vehicles, making it perfect for those who need room to spread out. Inside the main home, the open-concept layout features brand-new ceramic tile flooring installed just two months ago, premium finishes, and a stunning waterfall quartz island that serves as the centerpiece of the modern kitchen. Soft-close cabinetry, custom storage solutions, and newer appliances complete the stylish design. The spacious primary suite offers a relaxing retreat with a spa-inspired bathroom featuring a garden tub, dual vanities, and an upgraded walk-in shower with custom glass enclosure. Step outside to a screened-in pool area designed for year-round enjoyment, entertaining, and peaceful Florida living. Conveniently located near shopping, dining, boating, kayaking, Weeki Wachee Springs, and Gulf Coast beaches, this property combines lifestyle, space, and opportunity. Whether you're looking for a primary residence with income potential or a flexible multi-use property, this one is truly a rare find.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2006
Materials
- Foundation: Slab
- Roof: Shingle
- Construction materials: Block,Stucco
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Electric Water Heater,Microwave,Range,Refrigerator
- Laundry features: Inside
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Features
- Ceiling Fan(s),High Ceilings,Living Room/Dining Room Combo,Open Floorplan,Primary Bedroom Main Floor,PrimaryBedroom Upstairs,Stone Counters,Thermostat,Walk-In Closet(s)
- Flooring: Ceramic Tile
Heating & Cooling
- Heating features: Central,Electric
- Cooling features: Central Air,Ductless
Interior Area
- Total structure area: 2,996
- Total interior livable area: 2,684 sqft
Kitchen
- Features: Pantry,Storage Closet
- Level: First
- Area: 529
- Dimensions: 23x23
Living Room
- Features: Ceiling Fan(s)
- Level: First
- Area: 99
- Dimensions: 9x11
Primary Bedroom
- Features: Ceiling Fan(s),Walk-In Closet(s)
- Level: First
- Area: 253
- Dimensions: 11x23
Property
Details
- Parcel number: R1022317142000700050
- Zoning: R1
- Special condition: None
Features
- Levels: One
- Stories: 1
- Private pool: Yes
- Pool features: In Ground,Screen Enclosure
- Exterior features: Lighting,Private Entrance,Private Mailbox,Private Yard,Storage
- Fencing: Electric,Fenced,Other
Lot
- Lot size: 0.57 Acres
- Features: Cleared
Parking
- Total spaces: 2
- Parking features: Driveway,Garage Door Opener
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- Has uncovered spaces: Yes
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
- Lightning
- Tornado
- Coastal Flooding
- Inland Flooding
- Strong Wind
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Hernando County and Florida
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,907 | $34,884 |
| Home Insurance * | $192 | $2,304 |
| Property Taxes | $660 | $7,920 |
| Electricity | $270 | $3,241 |
| Total | $4,029 | $48,348 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-23 | Price change | $574,900 |
| 2026-06-05 | Listed for sale | $584,900 |
| 2023-05-25 | Sold | $435,000 |
| 2023-05-16 | Pending sale | $439,900 |
| 2023-05-15 | Listed for sale | $439,900 |
| 2023-05-10 | Pending sale | $439,900 |
| 2023-05-04 | Price change | $439,900 |
| 2023-02-26 | Pending sale | $459,900 |
| 2023-02-08 | Price change | $459,900 |
| 2023-01-03 | Price change | $489,900 |
| 2022-12-29 | Listed for sale | $489,000 |
| 2022-10-05 | Sold | $253,000 |
| 2016-01-26 | Sold | $78,900 |
| 2016-01-08 | Pending sale | $78,900 |
| 2015-12-16 | Listed for sale | $78,900 |
| 2006-10-13 | Sold | $212,600 |
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