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5421 GAY STREET

House For Sale
$498,900

BTC: 7.79531250

ETH: 262.21460707

3 days
Waterfront
2 bds
2 ba
912 sqft

Overview

Virtually Staged. WRITE YOUR OWN STORY in the heart of WEEKI WACHEE, where crystal-clear spring waters wind toward the Gulf, manatees drift through the waterways, and the legendary mermaids of Weeki Wachee Springs have enchanted generations. Tucked away on a QUIET DEAD-END STREET, this beautifully remodeled 2 BEDROOM, 2 BATH WATERFRONT BUNGALOW offers the opportunity to experience the Florida Nature Coast lifestyle from your own backyard. Situated on an OVERSIZED DOUBLE LOT with APPROXIMATELY 260 FT OF WATERFRONT, 160 FT OF SEAWALL, a PRIVATE BOAT LAUNCH, and DIRECT GULF ACCESS VIA DEEP CANAL, this property was made for those who love life on the water. Launch your boat, kayaks, or paddleboards without leaving home, spend the day exploring the Weeki Wachee waterways and Gulf, then return for an evening around the FIRE PIT overlooking your own waterfront retreat. COMPLETELY REMODELED FROM TOP TO BOTTOM and offered FULLY FURNISHED, this home provides a TRUE TURNKEY OPPORTUNITY for a full-time residence, weekend getaway, or VACATION RENTAL. Inside, the BRIGHT, OPEN-CONCEPT FLOOR PLAN features PORCELAIN WOOD-LOOK TILE THROUGHOUT and beautiful WATER VIEWS FROM NEARLY EVERY ROOM. The UPDATED KITCHEN features SOFT-CLOSE CABINETRY, GRANITE COUNTERTOPS, STAINLESS STEEL APPLIANCES, GAS STOVE, BREAKFAST BAR, and a BUILT-IN WASHER/DRYER COMBO. The home offers a SPACIOUS PRIMARY BEDROOM plus a BUNK ROOM for additional guests and TWO BEAUTIFULLY UPDATED BATHROOMS featuring premium finishes and GLASS-ENCLOSED SHOWERS. FRENCH DOORS open to the SCREENED WATERFRONT PORCH, creating the perfect place for morning coffee, evening cocktails, or simply watching the wildlife and water go by. Outdoor living continues with a FIRE PIT, GAZEBO, OUTDOOR SHOWER, and LUSH TROPICAL LANDSCAPING providing privacy and that unmistakable Old Florida atmosphere. Need additional space? The property also includes a 12' X 24' DETACHED SHED WITH ELECTRIC, FRENCH DOORS, DECK AND AWNING--ideal for a WORKSHOP, STUDIO, OFFICE, HOBBY SPACE, or additional storage. An RV HOOKUP and AMPLE PARKING provide plenty of room for BOATS, TRAILERS, RVs, and multiple vehicles. Whether you're kayaking the river, boating toward the Gulf, visiting nearby waterfront restaurants, exploring Hospital Hole, or simply relaxing in your own backyard, this property puts the WEEKI WACHEE WATERFRONT LIFESTYLE at your fingertips. With its EXPANSIVE WATERFRONT, PRIVATE BOAT LAUNCH, DIRECT GULF ACCESS, OVERSIZED DOUBLE LOT, TURNKEY FURNISHINGS, and VACATION RENTAL POTENTIAL, this is more than a home on the water--it is an opportunity to own your own piece of Florida's Nature Coast. COME WRITE YOUR OWN STORY ON THE WATER.

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
$143,900
$105K – $519K
Confidence Low
List vs. estimate
$355K above estimate
List $498,900 · +246.7%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$547
+177.5% vs. city median $197
Based on
17 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

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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: PEOPLE'S TRUST REALTY