RARE & REMARKABLE OPPORTUNITY! Discover the perfect blend of privacy, coastal beauty, and future potential with 5 acres MOL offering stunning Gulf views and indirect Gulf access. This truly one-of-a-kind property delivers the ultimate Old Florida lifestyle — where nature, water, and wide-open space come together. The updated 2-bedroom, 1.5-bath home is full of classic Florida character and charm, thoughtfully improved while maintaining its coastal appeal. One of the standout features is the covered and screened patio overlooking the canal — the ideal setting for morning coffee, evening sunsets, fishing, bird watching, and enjoying the peaceful waterfront surroundings. This property feels like your own private sanctuary. For those who need extra space, the impressive 28x24 detached garage provides ample room for boats, kayaks, workshop space, or additional storage. Another amazing feature is the private neighborhood park area across the street that provides direct access to the Gulf. Located just minutes from Hernando Beach, shopping, and local restaurants, you’ll enjoy the charm of this laid-back coastal community while still having acreage that is nearly impossible to find near the water. Whether you’re looking for a private waterfront retreat, multigenerational living potential, or future investment opportunity with subdivision options per Hernando County, this property delivers flexibility and upside that are hard to match. Waterfront acreage. Gulf views. Endless potential. This is what Florida dreams are made of.
RARE & REMARKABLE OPPORTUNITY! Discover the perfect blend of privacy, coastal beauty, and future potential with 5 acres MOL offering stunning Gulf views and indirect Gulf access. This truly one-of-a-kind property delivers the ultimate Old Florida lifestyle -- where nature, water, and wide-open space come together. The updated 2-bedroom, 1.5-bath home is full of classic Florida character and charm, thoughtfully improved while maintaining its coastal appeal. One of the standout features is the covered and screened patio overlooking the canal -- the ideal setting for morning coffee, evening sunsets, fishing, bird watching, and enjoying the peaceful waterfront surroundings. This property feels like your own private sanctuary. For those who need extra space, the impressive 28x24 detached garage provides ample room for boats, kayaks, workshop space, or additional storage. Located just minutes from Hernando Beach, shopping, and local restaurants, you'll enjoy the charm of this laid-back coastal community while still having acreage that is nearly impossible to find near the water. Whether you're looking for a private waterfront retreat, multigenerational living potential, or future investment opportunity with subdivision options per Hernando County, this property delivers flexibility and upside that are hard to match. Waterfront acreage. Gulf views. Endless potential. This is what Florida dreams are made of.
Stellar MLS as Distributed by MLS Grid #TB8481004
Feb 28, 2026
Listed
$725,000
$538/sq ft
HCAR #2145335
Nov 11, 2019
Listing Removed
—
Jul 22, 2013
Listed
$199,000
$148/sq ft
Public Records
Apr 4, 2018
Sold
$100,000
$74/sq ft
Stellar MLS as Distributed by MLS Grid #W7638988
Mar 19, 2018
Listing Removed
—
Stellar MLS as Distributed by MLS Grid #W7632306
Jan 25, 2018
Listing Removed
—
Stellar MLS as Distributed by MLS Grid #W7531512
Jul 22, 2014
Listing Removed
—
HCAR #2132790
Feb 4, 2013
Listing Removed
—
Feb 1, 2012
Listed
$219,000
$162/sq ft
Public Records
Mar 26, 1997
Sold
$80,000
$59/sq ft
Public Records
Jan 1, 1980
Sold
$24,000
$18/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$4,686 (+0.1%)
2024
$4,680 (+4.0%)
2023
$4,499 (+14.8%)
2022
$3,919 (+13.2%)
2021
$3,463 (+10.7%)
2020
$3,128 (+1.8%)
$108,920 + $81,425
$190,345
2019
$3,073 (+284.1%)
$102,785 + $67,213
$169,998
2018
$800 (+6.8%)
2017
$749 (+12.5%)
2016
$666 (−2.6%)
2015
$684 (+1.0%)
2014
$677
Public record
Public record
Zoning
Beds
2
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
4.9 Acres
Year renovated
1973
Finished Sq. Ft.
1,348
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,348
Year built
1945
Style
Single Family Residential
County
Hernando County
APN
R25 423 16 0000 0110 0020
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 27, 2026.
AG
Agricultural District
This district is designed to promote and encourage the conservation and utilization of prime and productive agricultural land, as well as the preservation of the open character of certain land, which, by virtue of their topography, soil types, natural resources and/or relationship to other land use areas, should be carefully reviewed and evaluated prior to their possible development or else should continue to be developed at a relatively low-density to maintain their overall natural environment and unique character with the county.
Permitted uses
Include but are not limited to:
Agriculture
Housing-Single unit
Recreation
Housing-Mobile home park
Climate risks
10/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
5/10 Fire Factor
4% chance of being in a wildfire in next 30 years
10/10 Heat Factor
7 days above 110° expected this year, 22 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Spring Hill, FL • 34607
Average low and high temperatures (°F)
66
45
72
51
79
57
83
62
88
70
90
74
91
76
90
76
89
73
83
66
78
57
72
51
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
93/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.1 hrs
6.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1524 Indian Bay Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $240,000 and $645,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $240K to $645K.