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Move-In Ready Villa with Upgrades

7499 HEATHER WALK Dr Weeki Wachee, FL 34613

7499 HEATHER WALK Dr, Weeki Wachee, FL, 34613
$196,000
For Sale
$196,000

Updated villa in established neighborhood with modern style and amenities.

Property Size1,439 SF
Lot Size0.04 Acres
Price / SF$136.21
Days on Market617

Property Features for 7499 HEATHER WALK Dr

General Information

Standard status
Active
Size
1,439 SF
Lot size
0.04 Acres
Property subtype
Condo/Townhome

Building Details

Year Built
1983
Listing Agency TROPIC SHORES REALTY LLC
Listed by Deborah Garland · License #3200370
Source Exitrealty
Added: Nov 8, 2024 Checked: Jul 17 at 5:35 am

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TROPIC SHORES REALTY LLC


Investment Insights

Based on property information with market context.

This move-in ready villa, located in the Heather Walk neighborhood, features hurricane impact windows. The residence includes two bedrooms and two bathrooms. The combined living and dining room area has a wet bar with a granite countertop and wood-look granite tile flooring. An extended living space off the living room includes skylights, plantation-like blinds, and flooring, with a partial view of the community pool. The kitchen features wood cabinets with pull-out shelving and granite countertops, along with a pass-through window. The laundry room, located off the kitchen, provides storage space and a counter for folding clothes. The master bedroom includes a remote ceiling fan, wood-look ceramic tile flooring, and a built-in dressing table with a mirror. His and hers closets have Ikea shelving and pull-out storage bins. The master bath has a walk-in shower. The guest bedroom features a walk-in closet with upgraded Ikea shelving and pull-out storage baskets, along with laminate flooring. The guest bath has a shower and tub combination. The one-car garage includes pull-down screening. Overhead storage is accessible via pull-down steps. The extended driveway allows for two-car off-street parking. HOA fees include high-speed internet, basic cable, lawn care, pest control, flat roof repair, exterior painting, and access to a community saltwater pool and spa. The pool area has a screened-in sunbathing area and grills. RV and boat storage and a 9-hole golf course are available for a separate fee. The property has landscaped front and back yards and is located near major roadways, shopping, and area attractions. The property size is 1439 square feet. This is a repaired sinkhole home and is insurable; a report is available.

Key Highlights

  • Hurricane impact windows offer crucial protection.
  • HOA fees include high‑speed internet, basic cable, lawn care, pest control, flat roof repair, exterior painting, and access to a community saltwater pool and spa.
  • Renovated kitchen is a chef's delight with wood cabinets, granite countertops, and a pass‑through window.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $25.9k $18.00
− Vacancy −$1.8k −$1.28
EGI $24.1k $16.72
− OpEx −$10.8k −$7.52
NOI $13.2k $9.20
1,439 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$189.1K
$165.4K – $220.6K (±1% cap)
NOI $13,235 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$327.8K
$286.8K – $382.4K (±1% cap)
NOI $22,946 @ 7.0% cap · market cap 11.71%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Residential income properties

Suggested Use

Real Estate Agency Law Firm Bakery Big Box & Wholesale Store (Bike/Boat/Book/etc) Store HVAC Service Computer & Electronic Repair Skin Care Clinic Pharmacy Acupuncture

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

FAQs

What type of property is this?
Residential income property - Updated villa in established neighborhood with modern style and amenities.
Where is this residential income property located?
The property is located at 7499 HEATHER WALK Dr Weeki Wachee, FL.
What is the asking price?
The asking price for this property is $196,000.
What are key features of this property?
This property features: Hurricane impact windows offer crucial protection.; HOA fees include high‑speed internet, basic cable, lawn care, pest control, flat roof repair, exterior painting, and access to a community saltwater pool and spa.; Renovated kitchen is a chef's delight with wood cabinets, granite countertops, and a pass‑through window.
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