Single Family Residence at 5421 GAY ST, WEEKI WACHEE
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66 photos

$498,900

5421 GAY ST
WEEKI WACHEE, FL 34607
Listed by Summer Philhower · PEOPLE'S TRUST REALTY
Bedrooms
2
Bathrooms
2
Living area
912 sqft
Year built
1963

About this home

WRITE YOUR OWN STORY ON THE WATER BACK ON THE MARKET THROUGH NO FAULT OF THE PROPERTY! Previous buyers were unable to close due to personal circumstances -- their loss is your opportunity to own a truly unique piece of the Weeki Wachee waterfront lifestyle. Priced to sell and ready for its next owner! Welcome to this one-of-a-kind waterfront escape in sought-after Weeki Wachee Gardens. Situated on multiple lots at the end of a quiet dead-end street, this rare corner property is surrounded by water on approximately two-thirds of the property and offers approximately 260 feet of waterfront -- creating exceptional privacy, expansive water views and a setting that's difficult to duplicate. Whether your dream is a full-time waterfront home, Florida getaway, boating and kayaking retreat, short-term vacation rental, or long-term investment property, this Nature Coast gem offers incredible flexibility for today and the future. Inside, you'll find a comfortable, updated home featuring a modern kitchen with granite countertops and gas cooking, porcelain wood-look tile flooring, two updated bathrooms, a primary bedroom plus bunk room, and a convenient washer/dryer combination. But the real magic is outside. Enjoy Florida living from the screened porch, waterfront gazebo, sun deck and fire pit. Grab one of the included kayaks and head out to explore the crystal-clear waters of the Weeki Wachee. Manatees, turtles and other wildlife are frequent visitors to the surrounding waterways, creating your own little piece of Florida paradise. The oversized property offers abundant room for vehicles, boats and trailers, along with an RV hookup. Approximately 160 feet of seawall complements the property's extensive waterfrontage and outdoor living spaces. Just a short walk from Rogers Park and its public boat launch, you'll have easy access to boating, kayaking and everything the Weeki Wachee River lifestyle. Weeki Wachee Springs State Park, Hospital Hole, local restaurants and Gulf access via Bayport are also nearby. The property has been successfully used as a short-term vacation rental, giving its next owner even more possibilities. Continue using it as a vacation rental, make it your own weekend escape or second home, settle in full-time, or hold this unique waterfront property for the future. Rental history is available upon request. And if you've seen this home before, take another look. Multiple buyers have already fallen in love with this special property and put it under contract, but buyer circumstances prevented those transactions from closing -- not an issue with the property. Now it's your opportunity. Come fall in love with this Nature Coast gem and discover waterfront living, boating, kayaking, wildlife and the laid-back Weeki Wachee lifestyle -- right from your own backyard.

Highlights

WaterfrontFireplace

Property details

MLS
Stellar MLS
MLS #
MFRTB8538007
Property type
Single Family Residence
Subdivision
WEEKI WACHEE GARDENS
Status
Active
Days on market
33
On market date
August 15, 2026
Stories
N/A
Total bathrooms
2
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.23 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
EXPLORER K-8
5.29 mi away · Grades -1-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,582
Student:teacher ratio
15.1:1
District
HERNANDO
Middle
FOX CHAPEL MIDDLE SCHOOL
3.98 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
810
Student:teacher ratio
18.4:1
District
HERNANDO
High
FRANK W. SPRINGSTEAD HIGH SCHOOL
6.14 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,894
Student:teacher ratio
20.4:1
District
HERNANDO

Walkability

Blended score for WEEKI WACHEE's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

21
Car-dependent
out of 100
EPA National Walkability Index
4.2 / 20 -- Least walkable
Google Places amenity density
20 / 100
Restaurants & cafes2
Grocery stores0
Parks1
Schools0
Transit stops6
Pharmacies0

Market position

How this listing compares to current activity in WEEKI WACHEE, from live MLS data.

On the market 33 days -- 83 fewer days than WEEKI WACHEE's current average of 116 days.
For reference, the median list price across 579 active listings in WEEKI WACHEE right now is $324,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Adjust tax / insurance estimates
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/mo
Est. monthly payment
$3,154/mo
$99,780 down
$399,120 loan
Principal & interest$2,589
Property tax (est.)$416
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated September 17, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.