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This stunning WATERFRONT home with Quick access to Weeki Wachee River and the Gulf was built in 2008, combines durability and style, designed to meet the HIGHEST construction standards for hurricane-prone areas. Now Priced $26K Below Market Value, this home is Situated on CEMENT stilts, the home offers breathtaking views of lush trees and the tranquil river to the west, with easy access to natural beauty. Mudd River, flowing directly to the Gulf without any bridges, is just a 10-minute ride away, including a 5-minute ''No Wake'' zone to protect manatees. A short paddle through the marsh leads to the Weeki Wachee River, offering endless exploration opportunities. MUDD RIVER SPRING IS JUST 300 YARDS FROM THE HOME offering a GREAT fishing SPOT. Built to last, the home features ENERGY EFFICIENT design elements such as insulated glass throughout. Its sturdy exterior includes a steel ''no screw'' Rated 140 MPH wind proof roof, cast-crete block construction, concrete-filled pillars, and a stucco finish. The rot-resistant TEK composite balconies and exterior stairs, along with a dock and ramp, PROVIDE CAREFREE UPKEEP. A 70-FOOT CEMENT SEAWALL and a community boat ramp add to the appeal. The home also boasts screened-in porches on both the upper and lower levels, perfect for enjoying the outdoors. Inside, you'll find high-end finishes, including solid WALNUT wood doors, KraftMaid soft-close HICKORY cabinets, tray ceilings with inset lighting, and hardwood ACACIA floors installed in 2024. The OPEN-CONCEPT floor plan includes a spacious eat-in kitchen, living room, office, 2 bedrooms, office, and 2 bathrooms on the main level. The primary bath features a jetted tub, walk-in shower, and double sinks. The home is equipped with a 2019 Trane AC/heat pump for year-round comfort. The lower level offers a separate apartment, ideal for an Airbnb, complete with a 2022 Mitsubishi mini-split AC/heat unit. The garage, featuring 10-foot doors, is air-conditioned (new in 2025) and includes an RV hookup. ABUNDANT 12 ft high shelves on all walls of DOUBLE Garage. Additional features include a GENERATOR, metal storm shutters, a ''she shed, '' and a fiberglass mermaid that conveys with the property. The main level starts 13. 5 FEET ABOVE GROUND, and a dumbwaiter makes bringing groceries upstairs effortless. Roof turbines help reduce AC costs and remove attic moisture, with the attic insulated to R-30 standards. The lighted steel roof and cedar pavilion (10' x 20') giving flexible space, whether as a sitting area or for parking a vehicle or boat. with no neighbors to the south or rear (west), the property is beautifully landscaped with lush gardens and pavers, reducing lawn maintenance. You can unwind in the breezy pavilion, fish from the dock, or enjoy tubing and kayaking in Salt Creek, located just south of the property. Explore nearby islands in the Gulf by boat or take a refreshing swim in the spring-fed community swimming hole near the entrance. Located in the friendly community of Palm Grove Colony in Weeki Wachee, this unique waterfront home is a true gem!! Also with-in minutes of FIVE area parks including Pine Island Beach, Bayport Pier, Rogers Park on Weeki Wachee River, 11000 acre Weeki Wachee preserve, and the world famous Weeki Wachee State Park with live performing underwater mermaids and yet still easily accessible to Tampa international airport.
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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
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $576,000 | $576,000 | $576,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.875% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.944% | 7.025% | 6.046% |
Monthly Tax Payment | $304 | $304 | $304 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,547 | $3,784 | $4,783 |
Total Monthly Payment | $3,943 | $4,180 | $5,179 |
* 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.