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    Waterfront Land in Dunnellon, Florida Title is generated by Realmo AI

    2319 W Wildflower Court, Dunnellon, FL 34434

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    For Sale
    $60,000

    LAND - Dunnellon, FL

    Lot size:
    1.36 Acres
    Added:
    Jan 27, 2026
    Days on Market:
    124
    Last Refresh:
    May 31 at 8:06 pm

    Property Features for 2319 W Wildflower Court

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    GNC
    Standard status
    Active
    APN
    2451297
    Lot size
    1.36 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LAKE GARDENS OF CITRUS INC UNREC SUB LOT 44:COM AT SE COR TH N O DEG 11M 56S W AL E LN 1370.32 FT TH S 89 DEG 40M 09S W 2093.58 FT TO POB SD PT ON A CUL DE SAC CONC E HAVING CT RL ANG OF 300 DEG & A RAD OF 50 FT TH NE & SE AL ARC OF CUL DE SAC 130.90 FT TO PT (CHORD BEAR- ING & DIS BETW PTS BEIN G N 74 DEG 40M 09S E 96.59 FT TH N 0 DEG 19M 51S W 1200 FT TH S 89 DEG 40M 09S W 110 FT MOL TO PT ON WTR OF CANAL TH S 45 DEG 42M 23S W AL WTR 324.12 FT TO PT THAT BEARS S 89 D EG 40M 09S W FROM POB TH N 89 DEG 40M 09S E 250 FT MOL TO POB DESC IN OR BK 685 PG 1344 & OR BK 937 PG 252
    Tax Annual Amount
    883

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed
    Water front features
    Waterfront, Canal Access
    Water front
    1

    We can help!

    Listing Contact
    Tomika Spires-Hanssen

    Listing agent Tomika Spires-Hanssen License #696338

    Listing office Keller Williams Realty - Elite Partners II 105 W Main St, Spring hill, FL

    Listing date Jan 27, 2026

    MLS# 851570 Listing URL

    Copyright © 2026 REALTORS Association of Citrus County, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1.36 acres of waterfront property for $60,000
    • Direct water access via waterfront canal
    • Opportunity to build a custom home
    • Located in Lake Gardens deed restricted subdivision
    • Serene natural setting with scenic views
    • Conveniently located near amenities, shopping, dining, and outdoor recreation

    Overview

    This 1.36-acre property is located in the Lake Gardens deed-restricted subdivision. Situated along a waterfront canal, the parcel offers direct water access and a natural setting. The property provides space for designing and building a custom home with scenic views. The location offers a quiet residential atmosphere with proximity to local amenities, shopping, dining, and outdoor recreation. This property is suitable for a private retreat, a future homesite, or an investment opportunity. The property is located in Dunnellon, Florida.
    Property Profile Location Intelligence

    Current Use by Public Records

    JND Tile Inc General Contractor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Hair Salon Auto Repair Shop Gym & Fitness Center Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Dunnellon
    County
    Citrus
    State
    Florida
    Longitude
    -82.475251
    Latitude
    29.042142

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    FAQs

    What type of property is this?
    Residential land & home lot - 1.36-acre waterfront property in Lake Gardens subdivision with water access.
    Where is this residential land & home lot located?
    The property is located at 2319 W Wildflower Court Dunnellon, FL.
    What is the asking price?
    The asking price for this property is $60,000.
    What are key features of this property?
    This property features: 1.36 acres of waterfront property for $60,000; Direct water access via waterfront canal; Opportunity to build a custom home
    (352) 586-6598
    We can help!
    Listing Contact
    Tomika Spires-Hanssen
    Real Estate License ID: 696338
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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.

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