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$519,900

For Sale - Active
13110 Manistee Rd, Weeki Wachee, FL 34614
3 Beds
3 Baths
2,420 Square Feet
1.22 Acres Lot
Built in 2006
For Sale - Active
1 Units
Checked: 14 hours ago
Updated: Jun 18, 2025 at 03:44AM

Investment Summary


Monthly Cash Flow
-$1,054
Cap Rate
3.7%
Cash-on-Cash Return
-10.6%
Debt Coverage Ratio
0.60
Internal Rate of Return (5 years)
-6.2%

Property Description


1.22 Acres Lot
Built in 2006
For Sale - Active
1 Units

Welcome to your dream retreat at 13110 Manistee Rd, Weeki Wachee, FL 34614—a stunning one-story custom-built single-family home that blends luxury with the serene beauty of Florida’s Nature Coast. This expansive 3-bedroom, 3-bathroom residence boasts 2,420 square feet of meticulously designed living space, complete with an attached 3-car garage. Step inside to discover tile and wood-look laminate flooring flowing throughout, complementing the open living room’s soaring tray ceilings that create an airy, inviting atmosphere. The custom kitchen is a chef’s delight, featuring granite countertops, built-in stainless steel appliances, and a premium KitchenAid 6-burner gas cooktop, perfect for crafting culinary masterpieces. Each bathroom echoes the home’s elegance with granite finishes, while the exterior captivates with a screen-enclosed inground pool and a built-in grill area, ideal for entertaining on the sprawling 1.22-acre private lot. Multiple storage sheds provide ample space for all your needs, ensuring a clutter-free oasis. Located on paved road with huge circular driveway. Just minutes from the crystal-clear Weeki Wachee River, residents can enjoy swimming, kayaking, or boating alongside manatees, fish, and turtles. Nearby, Weeki Wachee Springs State Park (4 miles away) enchants with its famous mermaid shows and Buccaneer Bay water park, offering slides and a lazy river. Nature lovers will relish the Weeki Wachee Preserve (6 miles), perfect for hiking through pristine wilderness, or the Wildlife Survival Sanctuary (10 miles) for exotic animal encounters. With easy access to FL-589, Tampa’s vibrant city life is just 40 miles away, making this home a perfect blend of tranquil retreat and convenient connectivity. Embrace the quintessential Florida lifestyle at 13110 Manistee Rd—schedule your private showing today!

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Location


Property Details


Parking

  • Description: Garage
  • Details: Circular Driveway, Attached
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 3
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Slab
  • Roof Type: Gable or Hip
  • Roof Material: Shingle
  • Pool: Yes

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: R0122117335003790020
  • Lot Size: 53000 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2006

Tax Information

  • Annual Tax: $7,183

Utilities

  • Water & Sewer: Private, Well
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Hernando

Listing Details


Listed by:
Don Suda
TAMPA BAY PREMIER REALTY
(813) 205-6615

Source:
Stellar MLS
MLS#: TB8387765
Stellar MLS

Investment Summary


Monthly Cash Flow
-$1,054
Cap Rate
3.7%
Cash-on-Cash Return
-10.6%
Debt Coverage Ratio
0.60
Internal Rate of Return (5 years)
-6.2%

Purchase Details

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Purchase price:
$519,900
Amount financed:
-$415,920
Down payment:
$103,980
Closing costs:
$15,597
Rehab costs:
$0
Initial cash invested:
$119,577
Square feet:
2,420
Cost per square foot:
$215
Monthly rent per square foot:
$1.32

Financing Details

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Loan amount:
$415,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,663
Property tax:
$599
Insurance:
$224
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,486

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,200 $38,400
Vacancy loss: (6%)
6% -$192 -$2,304
Operating income:
$3,008 $36,096

Operating Expenses


% Rent Monthly Yearly
Property taxes: (19%)
19%-$599-$7,183
Insurance: (7%)
7%-$224-$2,688
Property management: (8%)
8%-$256-$3,072
Repairs & maintenance: (5%)
5%-$160-$1,920
Capital expenditures: (5%)
5%-$160-$1,920
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (44%)
44%-$1,399-$16,783

Cash Flow


Monthly Yearly
Net operating income:
$1,609 $19,308
Mortgage payments:
-$2,663 -$31,956
Cash flow:
$1,054 $12,648