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Investor Special – Gulf Views, Direct Gulf Access & Unlimited Potential in Aripeka!
This is a rare opportunity for investors, builders, developers, or visionaries looking to capitalize on one of Florida's hidden waterfront gems. This 4-bedroom, 3-bathroom two-story home sustained flooding damage during Hurricane Helene and is being offered as a true blank canvas. Whether you choose to renovate, elevate, redesign, or build an entirely new waterfront masterpiece, the possibilities are endless.
Positioned on a premium waterfront homesite, the property offers breathtaking unobstructed Gulf views and overlooks an undeveloped island across the canal, creating a spectacular backdrop of open water, marshlands, wildlife, and unforgettable sunsets. Opportunities to secure a lot with views like this are becoming increasingly rare along Florida's Gulf Coast.
Boaters will appreciate the property's exceptional location on the main Aripeka channel with 100 feet of concrete seawall frontage. This deep-water saltwater canal provides direct access to the Gulf of Mexico with no fixed bridges and no tidal restrictions, making it ideal for larger vessels, fishing boats, sailboats, and waterfront enthusiasts. Spend your days chasing redfish, snook, trout, tarpon, and snapper, or simply relax while dolphins and manatees glide past your backyard.
The investment potential extends far beyond the waterfront lifestyle. Located in Hernando County, this property is situated in an area that allows nightly short-term rentals, creating an exceptional opportunity for a vacation rental, fishing lodge, waterfront retreat, or luxury coastal getaway. With no HOA restrictions, owners enjoy the flexibility to use the property as they choose. Hernando County also allows boats, RVs, and trailers to be parked on-site, providing additional appeal for vacation renters and outdoor enthusiasts.
The current homeowner has already worked with Hernando County to establish a new building appraisal value, creating a pathway for rebuilding under the county's 50/50 rule. Buyers should complete all desired due diligence to determine the best use for this unique property.
Nestled along Florida's Nature Coast, Aripeka is one of the state's last authentic "Old Florida" fishing villages. Surrounded by pristine marshes, protected coastal habitat, and some of the best inshore fishing on the Gulf Coast, Aripeka offers a peaceful waterfront lifestyle that feels worlds away from crowded tourist destinations. Yet it remains within easy boating distance of popular destinations including Hernando Beach Flats, the Weeki Wachee River, Homosassa, Crystal River, and the famous Anclote Key Sandbar.
Whether you're searching for your next waterfront investment project, a future luxury coastal estate, or a high-income vacation rental opportunity, this property offers something increasingly difficult to find: direct Gulf access, incredible views, short-term rental potential, no HOA, and a premier waterfront location with unlimited upside.
Being sold As-Is, Where-Is, and How-Is. Seller retains rights to any insurance proceeds or other payments related to prior damage. Buyers are responsible for verifying all information and conducting their own inspections and due diligence.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
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Our Executive Mortgage Banker:
Our Insurance Division:
$300,000
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 | $240,000 | $240,000 | $240,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.230% | 6.512% | 5.866% |
| Monthly Tax Payment | $246 | $246 | $246 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,420 | $1,497 | $1,977 |
| Total Monthly Payment | $1,741 | $1,818 | $2,298 |
* 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.