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$225,000 Just Listed
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Property Description
LIVE ON AN ISLAND!!! DIRECT GULF ACCESS!!! BUILD YOUR DREAM COASTAL HOME ON OAKLEY'S ISLAND! Discover this unique opportunity to own a WATERFRONT LOT on beautiful OAKLEY'S ISLAND in the OAKLEY'S MUD RIVER SUBDIVISION, offering access to the WEEKI WACHEE RIVER and the OPEN GULF ! This spacious 8,765 SQ FT (approximately 75 x 117) with 75FT SEAWALL .homesite provides the perfect setting to build your dream island retreat and embrace the ultimate FLORIDA WATERFRONT LIFESTYLE! THE PROPERTY FEATURES A COVERED BOAT RAMP AND AN EXISTING CONCRETE PAD WHERE A PREVIOUS HOME WAS REMOVED! READY TO START BUILDING YOUR NEW DREAM HOME . Imagine spending your days BOATING, FISHING, KAYAKING, PADDLEBOARDING, or simply relaxing and enjoying the peaceful coastal surroundings. AND BEST OF ALL - Because there was a previous home on the property, IMPACT FEES have been paid as well as all utility connection fees. (No utilities are currently active on the property. Zoned R1B for SINGLE-FAMILY RESIDENTIAL USE ONLY (NO MANUFACTURED HOMES), this property offers NO TIMELINE TO BUILD, giving you the flexibility to purchase your slice of paradise today and build when you're ready! Whether you're dreaming of a PRIMARY RESIDENCE or a PERSONAL VACATION GETAWAY, this island homesite offers an exceptional opportunity to create your own coastal escape. Please note that SHORT-TERM RENTALS ARE NOT PERMITTED. The property is located in a FLOOD ZONE, and future construction will need to meet applicable elevation requirements. This is NOT AN RV LOT, and living in an RV on the property is NOT PERMITTED. Located in the charming coastal community of OAKLEY'S MUD RIVER, you'll enjoy the tranquility of ISLAND LIVING while remaining close to waterfront restaurants, local marinas, live entertainment, and endless outdoor recreation. Explore the nearby WEEKI WACHEE SPRINGS STATE PARK, famous for its crystal-clear spring-fed waters, scenic kayaking adventures, and breathtaking natural beauty. Shopping, dining, medical facilities, and everyday conveniences are all within reach, allowing you to enjoy the best of both worlds-PEACEFUL WATERFRONT LIVING with convenient access to modern amenities. LOCATION: The property is located on the RIGHT SIDE OF THE STREET just past 5376 FELKER DR. Please note that LOT LINES SHOWN IN AERIAL PHOTOGRAPHS ARE APPROXIMATE. LAND FINANCING OPTIONS ARE AVAILABLE! Don't miss this opportunity to own your very own piece of ISLAND PARADISE with DIRECT GULF ACCESS, A COVERED BOAT RAMP, AND AN EXISTING CONCRETE PAD! BRING YOUR PLANS, BUILD YOUR DREAM HOME, AND START LIVING THE FLORIDA COASTAL LIFESTYLE YOU'VE ALWAYS IMAGINED! Lot Next door is also available for sale separately.
Full Property Details
Full Property Details for 5362 Felker Dr
General
- Price: $225,000
- HOA FEE: $21/month
- HOA FEE FREQ.: Annually
- Taxes: $2,699 (2025)
- Status: Active
- Type: Lots/Land
- Source: MidFloridaRegionalMLS
- MLS ID: W7890501
- Updated: 10/27/2026
- Added to Site: 3 day(s) ago
Location
- Area: 34607 - Spring Hl/Brksville/WeekiWachee/Hernando Bch
- County: Hernando
- Development Name: 34607 - Spring Hl/Brksville/WeekiWachee/Hernando Bch
- Subdivision: OAKLEYS MUD RIVER SUB UNREC
- Driving Directions: Shoal Line Blvd North to continue left on Shoal Line to left on Cofer Rd to left on Felker follow to lot on Right side of street after 5376 Felker Dr
- Direction Faces: Northwest
School Information
- Elementary School: Westside Elementary-HN
- Middle School: Fox Chapel Middle School
- High School: Weeki Wachee High School
Community
- Community Name: 34607 - Spring Hl/Brksville/WeekiWachee/Hernando Bch
- Community Features: Canal Front, Water Access, Waterfront
- Association: Yes
- Assoc. Name: a
Utilities
- Sewer: Public Sewer
- Water District: MUD RIVER
- Water: Public
- Utility Description: Sewer Available, Water Available
Structural Information
- Current Bldg. Use: Residential
Lot Features
- Property View: Water
- Lot Size (Acres): 0.2
- Lot Size (Sq. Ft.): 8,800
- Lot Size: 8800
- Lot Dimensions: 75 x 117
- Frontage: Private Road
- Street/Road Desc.: Asphalt, Paved
Water Features
- Water Front: Yes
- Water View: Yes
- Water Access: Yes
- Water Access Desc: Canal - Freshwater, Gulf/Ocean, River
- Water Extras: Yes
- Water Front Name: MUD RIVER
- Water Front Desc.: Canal Front, Waterfront, River Front
Financial Considerations
- Price Per Acre: $1,125,000
- Association Fee: $250
- Assoc Fee Freq.: Annually
- Assoc Fee Desc.: Required
- Tax Amount: $2,699.28
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: OAKLEYS MUD RIVER SUB UNREC TRACT 12 ORB 254 PG 559
- Flood Zone Info: AE
- APN: R2922217280500000120
- Property ID: R2922217280500000120
Listed by Hill Point Realty Inc.
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Schools
Schools serving 5362 Felker Dr
School District:Hernando County School District
| Name | Grades | Distance |
|---|---|---|
Westside Elementary School, Spring Hill, FL 5400 Applegate Drive, Spring Hill, FL 34606 | PK-5 | 6.1 mi |
Fox Chapel Middle School 9412 Fox Chapel Lane, Spring Hill, FL 34606 | 6-8 | 4.3 mi |
Weeki Wachee High School 12150 Vespa Way, Weeki Wachee, FL 34614 | 9-12 | 6.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5362 Felker Dr
Date
Details
Price
Change
Source
10/24/2026
Listed
$225,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5362 Felker Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,699
1%
$152,736
10%
2024
$2,672
25%
$138,851
10%
2022
$2,144
10%
$126,228
-9%
2022
$1,953
12%
$138,155
28%
2021
$1,739
13%
$108,207
14%
2020
$1,534
-13%
$94,837
9%
2019
$1,767
15%
$87,233
10%
2018
$1,535
9%
$79,303
9%
2017
$1,411
9%
$72,427
10%
2016
$1,289
—
$65,860
1%
2015
$1,292
2%
$65,236
1%
2014
$1,264
—
$64,296
1%
2013
$1,263
—
$63,828
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5362 Felker Dr
5362 Felker Drive, Weeki Wachee, FL 34607 (MLS# W7890501) is a Lots/Land property with a lot size of 0.2 acres. 5362 Felker Drive is currently listed for $225,000 and was received on October 24, 2026. Want to learn more about 5362 Felker Drive? Do you have questions about finding other Lots/Land real estate for sale in Weeki Wachee? You can browse all Weeki Wachee real estate or contact a Coldwell Banker agent to request more information.

