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5278 Tuscawilla Drive
Weeki Wachee, FL 34607
$950,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
2255
Property Description
Under contract-accepting backup offers. Welcome to this unrivaled, NEW CONSTRUCTION LUXURY WATERFRONT HOME on the world-renowned Weeki Wachee River! Expertly crafted by Vista homes with modern amenities and curb appeal that complements the beauty and tranquility of its surroundings. The exterior features board and batten styling, contemporary colors and clean lines. Elevated on sturdy columns, there is parking for up to 4 vehicles on the ground level or an idyllic shaded gathering space. Upon entering, you are greeted by the expansive open floorplan and soaring 20 ft ceilings. The kitchen boasts a generous island, stunning tile backsplash, quartz countertops, stainless steel Samsung appliances, solid wood cabinets with soft-close, roll-out trash cans and a multitude of storage solutions. Natural light envelopes the living room during the day, while an electric fireplace lights up your serene evenings. Luxury vinyl flooring throughout for easy maintenance. Custom steel and cable railings along the stairs take you to the 2nd floor loft, where you will find loft area with a custom wet bar with sink and beverage cooler. The residence boasts a Primary Bedroom has a walk-in closet with custom shelving, 3 additional bedrooms with built-in closets and 3 beautifully appointed custom-designed bathrooms, each adorned with glass shower enclosures. The generous 15 by 30 foot rear deck is a canvas for your outdoor living aspirations; grilling under the stars, lounging in style, or savoring alfresco meals with loved ones. This home transcends the ordinary and invites you to experience modern living in its purest form, where innovation, luxury and nature converge in perfect harmony. Design upgrades including hurricane shutters on all of the windows and doors, a metal roof, and elevating the home out of the flood plane resulted in insurance estimates for flood and home owners insurance COMBINED at under $3,000 for the year. In addition, the builder will also be providing a 1 year BUILDER WARRANTY and a 7 year structural warranty. The home is short paddle from the main Weeki Wachee River and Rogers park. This one of kind property is on over 1/3 of an acre (almost 3 times as much as the average parcel in the area) with 87 foot of waterfront. The cove to the north of the property is home to manatees, dolphins and some of the best fishing in the area. This home would be an ideal primary residents, secondary vacation home, or investment property. This area has NO DEED RESTRICTIONS, NO HOA, AND NO SHORT TERM RENTAL RESTRICTIONS. 5394 Tuscawilla Drive (black home) is currently under contract so don't miss out on your chance to own the last remaining property.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2024
MLS Number
T3522284
Location
Address
5278 TUSCAWILLA DRIVE
City
WEEKI WACHEE
State
FL
Zip Code
34607
County
HERNANDO (COUNTY WEST)
Listing
Provider
JT Realty & Associates LLC, original listing
Name
JT Realty & Associates LLC
Phone
(352) 279-2640
Office Name
JT REALTY & ASSOCIATES
Office Phone
(352) 279-2640
Agent Name
Sarah Hill

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.