Sell Your Home
Get a free home valuation
Contact
Tell us about your needs

5421 GAY STREET

House For Sale
$498,900

BTC: 6.34329307

ETH: 197.15471251

29 days
Waterfront
2 bds
2 ba
912 sqft

Overview

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.

Location

Details

Type:
Residential
Parking:
No Data
Year Built:
1963
Lot:
0.23 Acres
Heating:
Electric
Price/sqft:
$547
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$161,950
$106K – $514K
Confidence Low
List vs. estimate
$336K above estimate
List $498,900 · +208.1%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$547
+176.3% vs. city median $197
Based on
18 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$5,280
2025
View
Water
Waterfront
Canal - Freshwater
Furnished
Furnished
All facts and features
  • Flooring

    • Ceramic Tile

    Heating

    • Electric

    Cooling

    • Central Air

    Appliances

    • Gas Water Heater

    • Microwave

    • Range

    • Refrigerator

    • Tankless Water Heater

    Other interior features

    • Ceiling Fan(s)

    • Stone Counters

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 2

  • Property

    • Levels: One

    • Exterior Features: Outdoor Shower / Private Mailbox / Rain Gutters / Storage

    Lot

    • Lot: 0.23 Acres

    Other Property Information

    • Parcel Number: R3222217396000000740

    • Zoning: R1A

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Cable Available

    • Electricity Connected

    • Propane

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $5,280

  • Source details

    • MLS ID: TB8538007

    Other facts

    • Construction Materials: Block / Wood Frame (FSC Certified)

    • Foundation Details: Slab

    • Fireplace Features: Electric

    • Laundry Features: In Kitchen / Inside

    • Lot Features: Cleared / Street Dead-End

    • Patio And Porch Features: Covered / Deck / Front Porch / Screened

    • Direction Faces: South

    • Other Structures: Shed(s)

    • Architectural Style: Bungalow

    • Waterfront: Yes

    • Fireplace: Yes

    • Water Body Name: LYNNE CANAL

    • Living Area: 912

    • Water Source: Public

    • Subdivision Name: WEEKI WACHEE GARDENS

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

More like this

New
For Sale
$509,900
House
4 bds · 2 ba · 2,346 sqft
RIVER COUNTRY ESTATES, WEEKI WACHEE
5304 PATRICIA PLACE
New
For Sale
$359,900
House
3 bds · 2 ba · 1,655 sqft
BERKELEY MANOR, SPRING HILL
8161 SHALOM DRIVE
For Sale
$391,000
House
3 bds · 2 ba · 1,813 sqft
RIVER COUNTRY ESTATES, WEEKI WACHEE
8171 CHAUCER DRIVE
For Sale
$439,900
House
3 bds · 2 ba · 2,179 sqft
LAKE IN THE WOODS PH I, SPRING HILL
7256 ROYAL OAK DRIVE
-$16K
For Sale
$449,000
House
3 bds · 2 ba · 1,260 sqft
HERNANDO BEACH, HERNANDO BEACH
4392 3RD ISLE DRIVE
For Sale
$425,000
House
3 bds · 2 ba · 2,111 sqft
RIVER COUNTRY ESTATES, WEEKI WACHEE
8057 DELAWARE DRIVE
For Sale
$610,000
House
3 bds · 2 ba · 1,993 sqft
GULF COAST RET, HERNANDO BEACH
4514 NEPTUNE DRIVE
For Sale
$495,000
3 bds · 2 ba · 1,188 sqft
WEEKI WACHEE GARDENS, WEEKI WACHEE
5610 RAMADA STREET

Market around this address

Live counts in the same area.
View all

The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: PEOPLE'S TRUST REALTY