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    3314 Fernleaf Dr Hernando Beach, FL 34607

    Sponsored
    For Sale
    $155,000

    Land - HERNANDO BEACH, FL

    Lot size:
    0.20 Acres
    Days on Market:
    24
    Last Refresh:
    Feb 28 at 3:06 am

    Property Features for 3314 Fernleaf Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R2
    APN
    R13-223-16-2390-1320-0010
    Pets allowed
    Cats OK, Dogs OK
    Exterior features
    Corner Lot, Level, Paved, Fencing, Dock
    Dock
    1
    Fencing
    Fenced
    Lot size
    0.20 Acres

    Utilities

    Water front features
    Canal - Freshwater, Canal - Saltwater, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Brandon Rimes
    Brandon Rimes

    Keller Williams Realty (727) 772-0772

    Listing agent Brandon Rimes (727) 772-0772 License #3228106

    Listing date Feb 5, 2026

    MLS# TB8415551 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Waterfront Double Lot in Hernando

    Located in Hernando Beach, this double lot offers exceptional value and space. A solid seawall, approximately 80 feet, is in place, along with a permanent dock that can accommodate two boats. The property provides access to open Gulf waters, mangroves, and the Weeki Wachee Preserve. The lot is approximately 82' x 100'. Pavers were installed three years ago, and the fenced yard includes a wide gate for easy access. Public water service has already been brought to the lot corner, complete with an outdoor spigot. Soil testing has been completed, and those reports are available upon request. The rear of the property faces east toward the Weeki Wachee Preserve, providing natural views and sunrises. The front faces west toward the neighborhood and the Gulf. The canal location offers vessel access to the Gulf. A nearby marina offers a bait and tackle shop, ice, boating supplies, and an open-air waterfront restaurant. The property is suited for building a coastal dream home with views of the Weeki Wachee Preserve, which features lakes and hiking/walking trails. Hernando Beach is popular among boaters, anglers, kayakers, and wildlife enthusiasts. The location is near shopping, including Home Goods, TJMaxx, Publix, and Walmart, all less than a 10-minute drive away. Tampa International Airport is less than an hour away, and Walt Disney is about a 1.5-hour drive.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Nail Salon Kitchen & Bath Showroom Food Market Grocery & Convenience Store Furniture & Home Goods

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hernando Beach
    County
    Hernando
    State
    Florida
    Longitude
    -82.651516
    Latitude
    28.481537

    Nearby Similar for Sale

    • $2,050,000
      0.80 Acres

      Waterfront Commercial Opportunity in Hernando

      Multi-use commercial building on 1.75 acres with Gulf views.
      4001 Shoal Line Blvd, Hernando Beach, FL 34607
      View Details
    • $69,900

      hernando Beach

      Specialty properties
      0 3456, Hernando Beach, FL 34607
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Double lot with seawall, dock, and Gulf access.
    Where is this residential land & home lot located?
    The property is located at 3314 Fernleaf Dr Hernando Beach, FL.
    What is the asking price?
    The asking price for this property is $155,000.
    What are key features of this property?
    This property features: - Double lot with **80' seawall and dock accommodating two boats**, providing exceptional value and direct Gulf access.; - Located directly across from the Weeki Wachee Preserve, offering peaceful natural views and stunning sunrises, also access to hiking/walking trails.; - No HOA, CDD fees, or deed restrictions, allowing freedom with rental options.
    (813) 917-1894
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    3314 Fernleaf Dr Hernando Beach, FL 34607
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    Hernando Beach, FL 34607
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3314 Fernleaf Dr Hernando Beach, FL 34607
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    We can help!
    Listing Contact
    Brandon Rimes
    Brandon Rimes
    Real Estate License ID: 3228106
    (813) 917-1894 (727) 772-0772 (727) 222-9829
    Learn more
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