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Silvia Dukes, BSBA, CIPS, TRC, AHWD,

2008 in Review: Waterfront Lot Sales in Hernando Beach, Florida

Vacant land sales in Hernando Beach continued to be slow in 2008. As a result, lot prices have come down considerably.

Lots are available in all three areas of Hernando Beach which are differentiated by their accessibility to the Gulf of Mexico and accordingly indicated as "direct access", "indirect access/Central" and "indirect access/South". The indirect access areas require boaters to use a boatlift to gain access to the saltwater canals leading to the Gulf of Mexico. Hernando Beach South is the only neighborhood that is deed-restricted.

The access to the Gulf of Mexico has an impact on pricing, indirect access lots typically can expect to obtain a lower price than direct access lots with direct gulf front lots being at a premium. Other factors to consider are lot size and waterfrontage as well as features such as seawalls and docks already in place.

Sales in Hernando Beach:

Total Closed Transactions: 8

Sales Price Range: $66,500 - $165,000

Median Price: $130,000

Average Price: $117,062

Average Marketing Time: 141 Days

Hernando Beach Direct Access:

Closed Transactions: 5

Sales Price Range: $130,000 - $165,000

Median Price: $145,000

Average Price: $144,000

Average Marketing Time: 172 Days

Hernando Beach Central (indirect access): None

Hernando Beach South (indirect access):

Closed Transactions: 3

Sales Price Range: $66,500 - $75,000

Median Price: $75,000

Average Price: $72,167

Average Marketing Time: 89 Days

Currently Available and under Contract:

Offered for Sale: 143

List Price Range: $57,500 - $700,000

Median List Price: $153,900

Average List Price: $181,003

Under Contract: None

For home sale reports in Hernando Beach please read:

Sales in Hernando Beach, a Summary

Sales in Hernando Beach, Direct Access

Sales in Hernando Beach, Indirect Access, for a summary and sales data for Hernando Beach Central

Sales in Hernando Beach South, A deed-restricted Waterfront Community

Sales in Hernando County 2008

For more information about waterfront properties in Hernando Beach, Weeki Wachee, or Pine Island, please contact me.

Below: This 0.27 acre direct access residential lot with 137 feet of seawall on two sides sold for $150,000 in December 2008.

Hernando Beach Waterfront Properties

Sales Data derived from Hernando County MLS and believed to be accurate but not guaranteed.

2008 in Review: Home Sales in Hernando Beach, Florida, Indirect Gulf Access

Hernando Beach Indirect Gulf Access areas include Hernando Beach Central and Hernando Beach South which is a deed-restricted area. Gulf access is gained via a boat lift located just south of Companera Entra.

Sales in Hernando Beach, Indirect Access:

Total Closed Transactions: 13

Sales Price Range: $145,000 - $495,000

Median Price: $250,000

Average Price: $274,115

Average Marketing Time: 143 Days

Sales in Hernando Beach Central:

The Hernando Beach Central neighborhood is located West of Shoalline Blvd, South of Companera Entra, and North of Hernando Beach South and includes all street locations off of Hermosa Blvd.

Closed Transactions: 9

Sales Price Range: $145,000 - $495,000

Median Price: $225,000

Average Price: $248,722

Average Marketing Time: 117 Days

Please also read:

Sales in Hernando Beach (a summary)

Sales in Hernando Beach, Direct Access

Sales in Hernando Beach, Indirect Access, for a summary and sales data for Hernando Beach Central

Sales in Hernando Beach South, A deed-restricted Waterfront Community

Sales in Hernando County 2008

For more information about waterfront properties in Hernando Beach, Weeki Wachee, or Pine Island, please contact me.

Hernando Beach Boat Lift

Sales Data derived from Hernando County MLS and believed to be accurate but not guaranteed.

2008 in Review: Home Sales in Hernando Beach South, A deed-restricted Waterfront Community

Sales in Hernando Beach South:

Hernando Beach South is located West of Shoalline Blvd and is the newest and most southern neighborhood in Hernando Beach. It is a deed-restricted community with a mandatory HOA.

The community is considered an "indirect gulf access area" and boaters are required to use the help of the boatlift located just South of Companera Entra to gain access to the saltwater canals leading to the Gulf of Mexico. Another option is boat storage at one of the many commercial marinas.

Closed Transactions: 4

Sales Price Range: $240,000 - $400,000

Median Price: $342,500

Average Price: $331,250

Average Marketing Time: 203 Days

Please click here for sales information in Hernando Beach Central, the other "indirect gulf access" neighborhood in Hernando Beach.

Please also read:

Sales in Hernando Beach (a summary)

Sales in Hernando Beach, Direct Access

Sales in Hernando Beach, Indirect Access, for a summary and sales data for Hernando Beach Central

Sales in Hernando County 2008

For more information about homes available in Hernando Beach or other waterfront communities in Hernando County including Weeki Wachee and Pine Island, please contact me.

Hernando Beach Florida Marina

Sales Data derived from Hernando County MLS and believed to be accurate but not guaranteed.

2008 in Review: Home Sales in Hernando Beach, Florida, Direct Gulf Access

Hernando Beach developed in the 1960's from the dredging of deep and wide canals along the coast of the Gulf of Mexico. Hernando Beach "Direct Access" areas include Hernando Beach units and Gulf Coast Retreats.

Sales in Hernando Beach, Direct Access:

Total Closed Transactions: 15

Sales Price Range: $145,000 - $425,000

Median Price: $242,500

Average Price: $269,969

Average Marketing Time: 207 Days

Please also read:

Sales in Hernando Beach (a summary)

Sales in Hernando Beach, Indirect Access, for a summary and sales data for Hernando Beach Central

Sales in Hernando Beach South, A deed-restricted Waterfront Community

Sales in Hernando County 2008

For more information about waterfront properties in Hernando Beach, Weeki Wachee, or Pine Island, please contact me.

This 3 bedroom/2 bath home below sold on December 29, 2008. List Price was $395,000, it sold for $345,000. Other features include pool, fire place, seawall and dock.

Hernando Beach Waterfront Home

Sales Data derived from Hernando County MLS and believed to be accurate but not guaranteed.

2008 in Review: Home Sales for Hernando Beach, Florida

Hernando Beach is a waterfront community consisting of three distinct areas that are differentiated by the accessibility they afford to the Gulf of Mexico.

Hernando Beach Direct Access is a non-deed restricted area North of Companero Entra. Boaters can use the wide canals to directly go out into the Gulf of Mexico.

Hernando Beach Indirect Access is the area South of Companero Entra and consists of Hernando Beach Central, a non-deed restricted neighborhood, and Hernando Beach South, a deed-restricted neighborhood on fresh water canals. Boaters living in either indirect access neighborhood will require the use of a boatlift to get access to the saltwater canals of the direct access areas.

Sales in Hernando Beach:

Total Closed Transactions: 28

Sales Price Range: $145,000 - $495,000

Median Price: $242,500

Average Price: $271,964

Average Marketing Time: 183 Days

Currently Available and under Contract:

Offered for Sale: 95

List Price Range: $135,000 - $899,000

Median List Price: $340,000

Average List Price: $365,834

Under Contract: 5

List Price Range: $184,900 - $499,999

Median List Price: $269,000

Average List Price: $286,140

Please also read:

Sales in Hernando Beach, Direct Access

Sales in Hernando Beach, Indirect Access, for a summary and sales data for Hernando Beach Central

Sales in Hernando Beach South, A deed-restricted Waterfront Community

Sales in Hernando County 2008

For more information about waterfront properties in Hernando Beach, Weeki Wachee, or Pine Island, please contact me.

Hernando Beach Waterfront Living

Sales Data derived from Hernando County MLS and believed to be accurate but not guaranteed.