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$498,900
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Property Description
WRITE YOUR OWN STORY ON THE WATER BACK ON THE MARKET THROUGH NO FAULT OF THE PROPERTY! Previous buyers were unable to close due to personal circumstances -- their loss is your opportunity to own a truly unique piece of the Weeki Wachee waterfront lifestyle. Priced to sell and ready for its next owner! Welcome to this one-of-a-kind waterfront escape in sought-after Weeki Wachee Gardens. Situated on multiple lots at the end of a quiet dead-end street, this rare corner property is surrounded by water on approximately two-thirds of the property and offers approximately 260 feet of waterfront -- creating exceptional privacy, expansive water views and a setting that's difficult to duplicate. Whether your dream is a full-time waterfront home, Florida getaway, boating and kayaking retreat, short-term vacation rental, or long-term investment property, this Nature Coast gem offers incredible flexibility for today and the future. Inside, you'll find a comfortable, updated home featuring a modern kitchen with granite countertops and gas cooking, porcelain wood-look tile flooring, two updated bathrooms, a primary bedroom plus bunk room, and a convenient washer/dryer combination. But the real magic is outside. Enjoy Florida living from the screened porch, waterfront gazebo, sun deck and fire pit. Grab one of the included kayaks and head out to explore the crystal-clear waters of the Weeki Wachee. Manatees, turtles and other wildlife are frequent visitors to the surrounding waterways, creating your own little piece of Florida paradise. The oversized property offers abundant room for vehicles, boats and trailers, along with an RV hookup. Approximately 160 feet of seawall complements the property's extensive waterfrontage and outdoor living spaces. Just a short walk from Rogers Park and its public boat launch, you'll have easy access to boating, kayaking and everything the Weeki Wachee River lifestyle. Weeki Wachee Springs State Park, Hospital Hole, local restaurants and Gulf access via Bayport are also nearby. The property has been successfully used as a short-term vacation rental, giving its next owner even more possibilities. Continue using it as a vacation rental, make it your own weekend escape or second home, settle in full-time, or hold this unique waterfront property for the future. Rental history is available upon request. And if you've seen this home before, take another look. Multiple buyers have already fallen in love with this special property and put it under contract, but buyer circumstances prevented those transactions from closing -- not an issue with the property. Now it's your opportunity. Come fall in love with this Nature Coast gem and discover waterfront living, boating, kayaking, wildlife and the laid-back Weeki Wachee lifestyle -- right from your own backyard.
Full Property Details
Full Property Details for 5421 Gay St
General
- Price: $498,900
- Taxes: $5,280 (2025)
- Status: Active
- Type: Single Family
- Source: MidFloridaRegionalMLS
- MLS ID: TB8538007
- Updated: 8/20/2026
- Added to Site: 50 day(s) ago
Rental Information
- Min. Lease: No Minimum
Interior
- Number of Rooms: 5
- Interior Features: Ceiling Fan(s), Stone Counters, Window Treatments
- Fireplace: Yes
- Fireplace(s): Electric
- Appliances: Gas Water Heater, Microwave, Range, Refrigerator, Tankless Water Heater
- Furnishings: Furnished
- Flooring: Ceramic Tile
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Laundry: In Kitchen, Inside
Exterior
- Exterior Features: Outdoor Shower, Private Mailbox, Rain Gutters, Storage
- Deck/Patio: Covered, Deck, Front Porch, Screened
- Porch/Patio/Deck: Covered, Deck, Front Porch, Screened
Location
- Area: 34607 - Spring Hl/Brksville/WeekiWachee/Hernando Bch
- County: Hernando
- Development Name: 34607 - Spring Hl/Brksville/WeekiWachee/Hernando Bch
- Subdivision: WEEKI WACHEE GARDENS
- Driving Directions: Shoal Line Blvd to Darlene St. to Gay St.
- Direction Faces: South
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
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
- Water District: LYNNE CANAL
- Water: Public
- Utility Description: Cable TV Available, Electricity Connected, Propane, Sewer Connected, Water Connected
Structural Information
- Architectural Info: Bungalow
- Architectural Style: Bungalow
- Exterior Const.: Block, Wood Frame (FSC Certified)
- Roof: Metal
- Stories/Levels: One
- Square Feet: 912
- Sq. Ft. Source: Public Records
- Year Built: 1963
Additional Structures
- Other Structures: Shed(s)
Lot Features
- Property View: Water
- Lot Size (Acres): 0.23
- Lot Size (Sq. Ft.): 10,209
- Lot Size: 10209
- Frontage: Street Dead-End, Street Paved
- Street/Road Desc.: Paved
Water Features
- Water Front: Yes
- Water View: Yes
- Water Access: Yes
- Water Access Desc: Canal - Freshwater, River
- Water Extras: Yes
- Water Front Name: LYNNE CANAL
- Water Front Desc.: Freshwater Canal
Financial Considerations
- Tax Amount: $5,280
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: WEEKIWACHEE GARDENS UNIT 4 LOTS 74 & 75 ORB 533 PG 419 & ORB 641 PG 1709
- Flood Zone Info: AE
- APN: R3222217396000000740
- Property ID: R3222217396000000740
Listed by People's Trust Realty
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Schools
Schools serving 5421 Gay St
School District:Hernando County School District
| Name | Grades | Distance |
|---|---|---|
Westside Elementary School, Spring Hill, FL 5400 Applegate Drive, Spring Hill, FL 34606 | PK-5 | 5.5 mi |
Fox Chapel Middle School 9412 Fox Chapel Lane, Spring Hill, FL 34606 | 6-8 | 3.9 mi |
Weeki Wachee High School 12150 Vespa Way, Weeki Wachee, FL 34614 | 9-12 | 6.5 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 5421 Gay St
Date
Details
Price
Change
Source
8/15/2026
Listed
$498,900
-13.98%
MLS
10/14/2022
Sold
$580,000
—
Public Record
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 5421 Gay St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,280
-17%
$401,492
2%
2024
$6,327
16%
$394,698
10%
2022
$5,474
89%
$360,404
220%
2022
$2,896
330%
$112,586
3%
2021
$674
-61%
$109,307
1%
2020
$1,744
97%
$107,798
2%
2019
$886
3%
$105,374
2%
2018
$859
9%
$103,409
2%
2017
$790
107%
$101,282
2%
2016
$382
-4%
$99,199
1%
2015
$399
-48%
$98,509
1%
2014
$773
—
$97,727
1%
2013
$771
—
$96,283
—
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 5421 Gay St
5421 Gay Street, Weeki Wachee, FL 34607 (MLS# TB8538007) is a Single Family property with 2 bedrooms and 2 full bathrooms. 5421 Gay Street is currently listed for $498,900 and was received on August 15, 2026. Want to learn more about 5421 Gay Street? Do you have questions about finding other Single Family 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.

