1490 Indian Bay Rd Spring Hill, FL 34607
This exceptional 27.9-acre property in Aripeka, Florida, offers a unique blend of recreational and residential potential. Located at 1490 Indian Bay Road, this heavily wooded land boasts significant 1,918-foot frontage on Indian Bay Road, providing easy access. The property is zoned AG (Agriculture) with a future land use designation of Conservation, allowing for diverse uses including hunting, hiking, and private residential development. An estimated 15.37 acres consist of wetlands. Water access is available on-site, while sewer is conveniently located 1.6 miles away on Osowaw Boulevard. Situated in the peaceful town of Aripeka, this location offers a tranquil setting on Florida's Nature Coast, yet remains conveniently close to US Highway 19, providing easy access to shops, restaurants, and medical facilities. Commuting to nearby cities like Weeki Wachee, Spring Hill, Brooksville, Tarpon Springs, Homosassa, Crystal River, and Tampa is also straightforward. Nearby recreational destinations include Weeki Wachee Preserve, SunWest Park, Pine Island Park, and Cabot Citrus Farms. The asking price for this remarkable property is $275,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.