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This is a once-in-a-lifetime opportunity to own a true Florida paradise with your own spring-fed backyard retreat. This beautifully updated 3-bedroom, 2-bathroom open floor plan home sits on Little Salt Spring and Palm Grove Colony Spring with an incredible 216 feet of frontage along the spring run flowing to the Gulf through the Mud River. Imagine stepping outside your back door and floating with the gentle current in crystal-clear 74-degree spring water year-round. Swim, tube, paddleboard, kayak, or simply relax while enjoying one of Hernando County’s hidden natural treasures right behind your home.
The spring-fed creek creates an unforgettable waterfront lifestyle and endless entertainment for family, guests, or vacation renters. The natural beauty surrounding the property offers peaceful old Florida charm with native palms, coastal marshlands, abundant wildlife, and scenic water views that feel worlds away from the stress of everyday life.
Inside, the home has been fully updated and is move-in ready. Features include wood-look ceramic tile flooring throughout for easy maintenance, an open and airy floor plan, all-wood soft-close shaker cabinets, granite countertops, stainless steel appliances, and updated bathrooms. The spacious master suite includes twin vanities and a walk-in shower. A large screened porch overlooks the spring run, creating the perfect setting for morning coffee, outdoor dining, or relaxing after a day on the water. Washer and dryer are included. The property also features a separate oversized workshop/storage shed for all your tools, kayaks, paddleboards, and outdoor gear.
No HOA and short-term rentals are allowed, making this property ideal as a primary residence, vacation home, or income-producing rental. The spring run flows into the Mud River and eventually out to the Gulf of Mexico, though boating access is limited by a bridge.
Welcome to Palm Grove Colony, a hidden gem in Hernando County located just 60 minutes north of Tampa International Airport with easy access via the Suncoast Parkway. Tucked away from the congestion of US-19 and SR-50, this peaceful spring-fed riverfront community feels like stepping back into old Florida. Residents enjoy access to both the community spring and Little Salt Spring, adding even more value to this unique waterfront lifestyle.
At the heart of the community is the scenic Mud River, a spring-fed waterway flowing approximately three miles to the Gulf at Bayport. Nearby, the famous Weeki Wachee River adds to the area’s natural beauty with its crystal-clear spring water, abundant wildlife, and legendary mermaid attraction that has captivated visitors since the 1940s.
Outdoor recreation opportunities are endless. Spend your days boating, fishing, kayaking, scalloping, paddleboarding, snorkeling, diving, or enjoying unforgettable encounters with manatees and dolphins. Palm Grove Colony offers the rare chance to experience Florida’s natural beauty the way it was meant to be enjoyed—peaceful, scenic, and centered around the water. Discover the magic of spring-fed waterfront living and experience one of the Nature Coast’s most unique properties.
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Our Executive Mortgage Banker:
Our Insurance Division:
$450,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $360,000 | $360,000 | $360,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.750% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.634% | 6.890% | 6.078% |
| Monthly Tax Payment | $312 | $312 | $312 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,217 | $2,335 | $3,014 |
| Total Monthly Payment | $2,604 | $2,722 | $3,401 |
* 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.