$449,900
5261 Circle Drive
Weeki Wachee, FL 34607
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
WEEKI WACHEE WATERFRONT AIRBNB - GULF ACCESS + MERMAID MAGIC + MANATEES! Welcome to the world-famous Weeki Wachee area—home of the legendary mermaids, crystal-clear springs, and one of Florida's most in-demand vacation destinations. This is a currently operating Airbnb that sleeps 10 and has been renting for approximately 350/night, making it an exciting opportunity for investors or anyone wanting a flexible second home with income potential. Situated on a DOUBLE LOT with an impressive 100 FT of WATER FRONTAGE, this waterfront retreat includes a seawall and a prime boating location on the boating section west of the bridge. The canal runs directly to the Main River with Gulf Access, so days on the water are effortless. And the best part? Manatees are common visitors behind the home, adding a true ''only in Florida'' experience guests love. Inside, enjoy an open floor plan with durable vinyl flooring and a kitchen designed for entertaining: island/breakfast bar with pendant lights, white shaker cabinets, built-in pantry, and stainless steel appliances including a double oven, plus a dedicated coffee bar. Practical extras include a stackable washer & dryer—ideal for rental turnover. The layout is a standout with 4 Bedrooms and 4 Bathrooms—EVERY bedroom has its own bathroom (a rare and highly desirable setup for short-term rentals and guests). Unwind in the Florida Room with a bar overlooking the waterfront, or take the party outside to the screened cabana/gazebo—perfect for relaxing evenings after kayaking, boating, or a spring day in mermaid country. NEW ROOF prior to closing to help get a good insurance quote. A Weeki Wachee Gulf-access waterfront income producer with manatees, a bar room on the water, and a 4/4 ensuite layout—this one is special.
Local Insight
At $361/sqft for a 1972 waterfront home in an AE flood zone, you're paying a premium for water access that comes with mandatory flood insurance and potential future mitigation costs—so factor those into your true carrying expenses. The in-law suite is genuinely useful for multi-generational living or rental income on a tight 0.21-acre lot, but with no HOA you'll own 100% of maintenance responsibility on an aging property, which matters more here than in newer developments. The real question is whether the Weeki Wachee location and river access justify the flood risk and ongoing upkeep costs, especially since comparable non-waterfront homes in the area typically run significantly less.
AI-generated insight based on listing data and neighborhood context. Verify independently.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history104 days on market
- Status: ActiveDec 27, 2025
- Listed$469,900Dec 26, 2025
- Price reduced$449,900
Virtual Tour
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Active
- Days on market
- 104
- Subdivision
- Weeki Wachee Gardens
- County
- Hernando
- Year built
- 1972
- Living area
- 1,248 sq ft
- Price/sq ft
- $361
- Building area
- 1,720 sq ft (Public Records)
- Lot size
- 9,000 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- AE (12053C0142E)
- Annual taxes
- $7,009 (2025)
- Parcel #
- R32-222-17-3950-0000-1870
- Zoning
- R1A
- MLS #
- W7881651
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Interior Details
- Bedrooms
- 4
- Full bathrooms
- 2
- Half bathrooms
- 2
- Flooring
- Vinyl
- Appliances
- Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
- Interior features
- Split Bedroom
- Laundry
- Inside
- Stories / Levels
- One
- Direction faces
- South
- In-law suite
- Yes
Heating & Cooling
- Heating
- Central, Electric
- Cooling
- Central Air
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Min lease term
- No Minimum
- Listing terms
- Cash, Conventional
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- No
Exterior & Construction
- Exterior features
- Other
- Construction materials
- Vinyl Siding, Frame
- Roof
- Shingle
- Foundation
- Crawlspace, Slab
- Waterfront
- Yes
- Water access
- Yes
- Water view
- Yes
- Road surface
- Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- BB/HS Internet Available, Cable Available
Schools
Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Great Room | First | 23x27 |
| Primary Bedroom | First | 11x13.5 |
| Bedroom 2 | First | 10x11 |
| Bedroom 3 | First | 13.5x11 |
| Bedroom 4 | First | 13.5x11 |
| Florida Room | First | 10x17 |
| Kitchen | First |
Listing Details
- Listing date
- 2025-12-26
- On market date
- 2025-12-26
- Original list price
- $469,900
- Occupant type
- Tenant
- MLS area
- 34607 - Spring Hl/Brksville/WeekiWachee/Hernando Bch
- Listing AOR
- West Pasco
- Status changed
- 2025-12-27
- Tax legal description
- WEEKIWACHEE GARDENS UNIT 3 LOTS 187 & 188
Flood risk
FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
US HWY 19, West on Cortez Blvd, Left on Shoal Line Blvd., Right on Alpaca Dr., Right on Westwind St., Right on Circle Dr
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of April 9, 2026 at 3:04 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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