Waterfront Fixer-Upper with Direct Gulf Access being sold at land value! Welcome to 5319 Ray Drive, Weeki Wachee, Florida, a one-of-a-kind waterfront property located on a quiet cul-de-sac. This home sits on a canal with direct access to the famous Weeki Wachee River and the Gulf of Mexico, offering the perfect setting for kayaking, fishing, and boating right from your backyard in one of Florida’s most scenic waterfront communities! This unique home features 2 bedrooms/flex room and 1 bath on the main level, plus an upper-level addition with a private 1-bedroom suite, walk-in closet, bath, and kitchenette—perfect for guests or rental potential. A private balcony upstairs offers picturesque views of the water and surrounding nature. The outdoor space is designed for waterfront living, complete with a 50-foot walking seawall, private boat dock, carport, and patio, making it an ideal place to relax and enjoy the serene setting. Prime Location with Direct Gulf Access just minutes from Rogers Park, Pine Island Beach, and Weeki Wachee Springs State Park, home of the world-famous mermaid show. Conveniently close to schools, shopping, restaurants, medical facilities, and major attractions, with an easy commute to Tampa and Orlando. While the home has been affected by hurricane flooding and requires repairs, it presents a rare opportunity to create your dream waterfront retreat. Don’t miss your chance to own a piece of paradise with direct access to the Weeki Wachee River and the Gulf of Mexico!
Single-familyProperty Type
1970Year Built
4,250 sq ftLot Size
$233Est. Price/Sq.Ft.
Listed by Cookie Miller, PA• RE/MAX SUNSET REALTY
Contact: 727-863-2402
Bought with Steven Dickson Kremer• RUSH PROPERTIES
Waterfront Fixer-Upper with Direct Gulf Access being sold at land value! Welcome to 5319 Ray Drive, Weeki Wachee, Florida, a one-of-a-kind waterfront property located on a quiet cul-de-sac. This home sits on a canal with direct access to the famous Weeki Wachee River and the Gulf of Mexico, offering the perfect setting for kayaking, fishing, and boating right from your backyard in one of Florida's most scenic waterfront communities! This unique home features 2 bedrooms/flex room and 1 bath on the main level, plus an upper-level addition with a private 1-bedroom suite, walk-in closet, bath, and kitchenette—perfect for guests or rental potential. A private balcony upstairs offers picturesque views of the water and surrounding nature. The outdoor space is designed for waterfront living, complete with a 50-foot walking seawall, private boat dock, carport, and patio, making it an ideal place to relax and enjoy the serene setting. Prime Location with Direct Gulf Access just minutes from Rogers Park, Pine Island Beach, and Weeki Wachee Springs State Park, home of the world-famous mermaid show. Conveniently close to schools, shopping, restaurants, medical facilities, and major attractions, with an easy commute to Tampa and Orlando. While the home has been affected by hurricane flooding and requires repairs, it presents a rare opportunity to create your dream waterfront retreat. Don't miss your chance to own a piece of paradise with direct access to the Weeki Wachee River and the Gulf of Mexico!
HCAR #2112894
Jan 8, 2010
Sold
$100,000
$69/sq ft
Sep 30, 2009
Listed
$108,200
$74/sq ft
Public Records
Mar 12, 1999
Sold
$62,000
$43/sq ft
Public Records
Jul 21, 1993
Sold
$55,000
$38/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$4,122 (+5.2%)
2024
$3,920 (+6.8%)
2023
$3,668 (+5.5%)
2022
$3,476 (+17.9%)
2021
$2,948 (+14.8%)
2020
$2,568 (+6.3%)
2019
$2,416 (+8.5%)
$42,513 + $77,517
$120,030
2018
$2,226 (+6.6%)
$42,470 + $71,927
$114,397
2017
$2,088 (+7.7%)
$42,088 + $63,323
$105,411
2016
$1,938 (+1.4%)
$42,088 + $55,332
$97,420
2015
$1,911 (+0.7%)
$42,088 + $52,140
$94,228
2014
$1,897
Tax history for 5319 Ray Dr
Year
Property tax
Land + Additions
Assessment*
2025
$4,122 (+5.2%)
2024
$3,920 (+6.8%)
2023
$3,668 (+5.5%)
2022
$3,476 (+17.9%)
2021
$2,948 (+14.8%)
2020
$2,568 (+6.3%)
2019
$2,416 (+8.5%)
$42,513 + $77,517
$120,030
2018
$2,226 (+6.6%)
$42,470 + $71,927
$114,397
2017
$2,088 (+7.7%)
$42,088 + $63,323
$105,411
2016
$1,938 (+1.4%)
$42,088 + $55,332
$97,420
2015
$1,911 (+0.7%)
$42,088 + $52,140
$94,228
2014
$1,897
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
2
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
4,250 Sq. Ft.
Year renovated
1980
Sq. Ft.
1,456
Year built
1970
Style
Single Family Residential
County
Hernando County
APN
R32 222 17 3940 0000 0840
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 27, 2026.
R1A
Residential District
This district is designed primarily to permit the continued development of established residential areas which include a mixture of conventional single-family dwellings and mobile homes and is, therefore, not intended to be utilized extensively for future development.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Mobile home park
Property details
Parking
Parking Information
Has Carport
Carport Spaces: 0
Interior
Virtual Tour
Bedroom Information
# of Bedrooms: 3
Bathroom Information
# of Full Baths (Total): 2
Laundry Room Information
Laundry Features: Inside
Other Rooms Information
# of Rooms: 7
Heating & Cooling
Heating Information: None
Cooling Information: None, Wall/Window Unit(s)
Interior Features
Interior Features: Open Floorplan, Walk-in Closet(s)