1540 E WEDGEWOOD LANE, Hernando, FL, 34442 | $340,000

Investor Alert! Located in Fairview Estates on 1. 10 acres, this spacious 3 bedroom, 3 bathroom home with just over 2, 300 square feet offers incredible potential for the right buyer. Please note the property includes a mandatory Citrus Hills Social Membership with dues currently at $614 per quarter, separate from the Fairview Estates HOA fee of $82. 50 annually. Featuring a split floor plan, the layout provides flexibility and separation of space, including a third bedroom with its own ensuite that could easily function as a second primary suite, mother in law setup, or convenient pool bath access. Four separate sets of sliding glass doors lead out to the screened in ground pool, creating a bright indoor outdoor feel with abundant natural light throughout. The expansive covered lanai features a low maintenance vinyl ceiling along with a summer kitchen setup, making it great for entertaining. Soaring ceilings, a formal dining room, and separate living area add to the home's spacious feel. Major updates include contemporary French front doors with a 3 point locking system, newer refrigerator and stove, 2014 roof, and 2018 HVAC. The home backs up to a retention area with no rear neighbors directly behind the property. This is a true handyman or investor special and the home does need TLC, but the size, layout, acreage, and location create an incredible opportunity to transform the property into something special. The home is priced accordingly for its current condition. Fairview Estates, part of the Villages of Citrus Hills, is known for its acre lots, oak lined streets, and tucked away garden atmosphere. Conveniently located about 6 miles from the Shoppes at Black Diamond for restaurants, grocery stores, and shopping, and just 1. 5 miles from the 47 mile Withlacoochee State Trail bike and walking trail.

Features

  • Rooms: 3
  • Bedrooms: 3
  • Baths: 3 full
  • Laundry: Laundry Room
  • Year Built: 1994
  • Garage: 2-car
  • Heating: Heat Pump
  • Cooling: Central Air
  • Approx Sq. Feet: 2,305
  • Acreage: 1.1
  • Est. Taxes: $2,354
  • HOA Fee: $83 Annually
  • Lot Desc: Landscaped, Private
  • View: Garden
  • Elem. School: Central Ridge Elementary School
  • Middle School: Citrus Springs Middle School
  • High School: Lecanto High School
  • Pool: Gunite, In Ground, Outside Bath Access, Screen Enclosure
  • Pet Policy: Yes
  • Appliances: Dishwasher, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator
  • MLS#: OM724444
  • Days on Market: 10 days
  • Website: https://www.raveis.com
    /prop/OM724444/1540ewedgewoodlane_hernando_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is 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. (last updated 5/22/2026 7:47:07 AM)
Listing courtesy of LPT Realty   Phone: 877-366-2213

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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1540 E WEDGEWOOD LANE, Hernando, FL, 34442

$340,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $272,000 $272,000 $272,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.250% 6.625% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.609% 6.887% 6.078%
Monthly Tax Payment $196 $196 $196
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,675 $1,742 $2,277
Total Monthly Payment $1,946 $2,013 $2,548

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.