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5261 CIRCLE DRIVE

House For Sale
$449,900

BTC: 6.98602484

ETH: 236.46091746

-$20K (2026/04/09)
218 days
Waterfront
4 bds
2 ba
1,248 sqft

Overview

DOUBLE LOT ON THE BOATING SIDE OF THE WEEKI WACHEE RIVER - WHERE THE VALUE IS IN THE LAND & THE LOCATION IS HARD TO BEAT! While many buyers initially focus on the home, the true opportunity here is the rare DOUBLE LOT offering approximately 100 FT OF GULF-ACCESS WATER FRONTAGE in one of the most desirable locations on the boating side of the Weeki Wachee River. Perfectly positioned on a peaceful canal just off the Main River, you'll enjoy the best of both worlds--quick, easy access to the river and Gulf for boating, scalloping, fishing, kayaking, and everything Florida's Nature Coast has to offer, while coming home to a quieter waterfront setting with less boat traffic. Waterfront properties with this combination of location, lot size, and water frontage are becoming increasingly difficult to find, making the land itself a significant part of this property's value. The existing 4 Bedroom, 4 Bathroom home is an incredible asset, featuring an open floor plan with durable vinyl flooring, a beautifully appointed kitchen with white shaker cabinetry, island/breakfast bar, built-in pantry, stainless steel appliances including double ovens, and a dedicated coffee bar. Every bedroom has its own private bathroom, making the layout ideal for guests, extended family, or continued vacation rental use. The Florida Room with bar overlooks the waterfront, while the screened cabana/gazebo is the perfect place to unwind after a day on the water. Manatees are frequent visitors behind the home, adding to the unforgettable Nature Coast experience. The property has previously operated as a successful vacation rental that sleeps up to 10, providing additional flexibility for buyers seeking personal enjoyment, investment potential, or both. A NEW ROOF WILL BE INSTALLED PRIOR TO CLOSING to help with insurance. Opportunities like this--a DOUBLE LOT, approximately 100 FT OF WATER FRONTAGE, a quiet canal just off the Main River, Gulf access, and a spacious 4 Bedroom, 4 Bathroom home--are becoming increasingly rare on the Weeki Wachee River.

Location

Details

Type:
Residential
Parking:
No Data
Year Built:
1972
Lot:
0.21 Acres
Heating:
Central / Electric
Price/sqft:
$360
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$210,000
$130K – $310K
Confidence Low
List vs. estimate
$239K above estimate
List $449,900 · +114.2%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$360
+79.3% vs. city median $201
Based on
21 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$7,009
2025
View
Water
Waterfront
Canal - Freshwater
Furnished
Negotiable
All facts and features
  • Flooring

    • Vinyl

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Dryer

    • Microwave

    • Range

    • Refrigerator

    • Washer

    Other interior features

    • Split Bedroom

    Bedrooms and bathrooms

    • Bedrooms: 4

    • Bathrooms: 2

    • Full bathrooms: 2

  • Property

    • Levels: One

    • Exterior Features: Other

    Lot

    • Lot: 0.21 Acres

    Other Property Information

    • Parcel Number: R3222217395000001870

    • Zoning: R1A

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • BB/HS Internet Available

    • Cable Available

  • Other financial information

    • Annual tax amount: $7,009

  • Source details

    • MLS ID: W7881651

    Other facts

    • Construction Materials: Vinyl Siding / Wood Frame

    • Foundation Details: Crawlspace / Slab

    • Laundry Features: Inside

    • Lot Features: Oversized Lot

    • Direction Faces: South

    • Other Structures: Gazebo

    • Architectural Style: Ranch

    • Waterfront: Yes

    • Water Body Name: WEEKI WACHEE RIVER & GULF

    • Living Area: 1248

    • Water Source: Public

    • Subdivision Name: WEEKI WACHEE GARDENS

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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: RE/MAX ALLIANCE GROUP