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List Price

$499,000

3460 Crape Myrtle, Hernando Beach, FL 34607

201 days on market↓ $26K from original list price

Estimated Payment

$4,405/mo

$0 down with a USDA loan and current market rates

Bedrooms2 bdBathrooms2 baLiving area1,392 Square FeetUSDA-eligible areaUSDA-eligible areaYear builtBuilt 1988

Listed by

Sarah Hill

HILL POINT REALTY INC.

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PRICED UNDER APPRAISED VALUE!! ICONIC PINK three-story octagon WATERFRONT home with PRESERVE & GULF VIEWS – ACTIVE VACATION RENTAL – SOLD TURNKEY in Hernando Beach! Welcome to one of the most unique and eye-catching homes on the coast—this 3-story octagon WATERFRONT retreat perfectly positioned to capture BREATHTAKING PRESERVE AND GULF VIEWS. Located in the heart of Hernando Beach, this TURNKEY property blends architectural character, modern updates, and the ultimate FLORIDA COASTAL lifestyle. The second-story MAIN LIVING LEVEL features an OPEN-CONCEPT floor plan filled with natural light, SHIPLAP accent walls, and seamless INDOOR-OUTDOOR living. The DESIGNER KITCHEN showcases GRAY SHAKER CABINETRY, QUARTZ COUNTERTOPS, TILE BACKSPLASH, FLOATING SHELVES, FARMHOUSE SINK, GLASS-TOP COOKTOP, BUILT-IN OVEN, AND HOOD VENT. This level also offers a spacious guest bedroom, full bath with GLASS-ENCLOSED tub/shower combo, and a convenient laundry area tucked behind a stylish BARN DOOR. Step outside to enjoy COASTAL BREEZES from both the BALCONY AND SCREENED PORCH overlooking the peaceful PRESERVE. A striking SPIRAL STAIRCASE leads to the third-level PRIMARY SUITE, where you’ll find the most spectacular PANORAMIC VIEWS in the home. Take in SWEEPING SUNSETS, GULF WATERS, AND UNTOUCHED NATURAL LANDSCAPES from your private retreat. The suite features a WALK-IN CLOSET with custom shelving and a beautifully updated ENSUITE BATHROOM with CUSTOM VANITY AND WALK-IN SHOWER WITH GLASS ENCLOSURE AND NICHE. The outdoor space is designed for true COASTAL LIVING with 75 FEET OF WATERFRONT, a CONCRETE PATIO, and a FLOATING DOCK. Launch your KAYAK OR PADDLEBOARD directly from your backyard and explore serene MANGROVE-LINED WATERWAYS. The FULLY FENCED YARD with two separate sections provides flexibility for PETS, ENTERTAINING, OR FUTURE POOL ADDITION. Additional highlights include a newer AC, 2024 tankless hot water heater and 2021 ROOF which contribute to the owners 2,501 dollars/YEAR HOMEOWNERS INSURANCE policy, and approximately 4,370 dollars /YEAR FLOOD INSURANCE. Located just a short distance to the HERNANDO BEACH BOAT LIFT, offering EASY ACCESS TO THE GULF for boating enthusiasts. Currently operating as an ACTIVE SHORT-TERM VACATION RENTAL and being SOLD FULLY FURNISHED / TURNKEY, this property is ideal as a PRIMARY RESIDENCE, SECOND HOME, OR INCOME-PRODUCING INVESTMENT.

3460 Crape Myrtle, Hernando Beach, FL 34607 in Hernando Beach, FL 34607 is listed for $499,000. The home has 2 bedrooms, 2 bathrooms, and 1,392 square feet, and was built in 1988. Listed 201 days ago. The price was reduced from $525,000. The listing is held by HILL POINT REALTY INC..

34607 Market Report

Interested? Here's what happens next.

From showing to closing, HomeJam keeps the process moving.

  1. 1

    TOUR

    Step 1

    Tour the Home

    Pick a time and verify your identity. HomeJam sends the request to the listing side.

  2. 2

    OFFER

    Step 2

    Make Your Offer

    Choose your price, financing, deposit, closing date and terms.

  3. 3

    AGREE

    Step 3

    Agree on Terms

    The seller can accept, counter or decline until both sides agree.

  4. 4

    SIGN

    Step 4

    Sign Online

    HomeJam prepares the Purchase Agreement from the agreed terms for electronic signature.

  5. 5

    CLOSE

    Step 5

    Close

    HomeJam keeps your closing, documents, milestones and next steps together.

Understand the Cost of This Home

Property Costs

Annual property tax$5,745 (tax year 2025)

Do not rely on the reported annual tax as what you would pay. A change of ownership triggers reassessment, so the tax bill after a sale is often higher than the current owner pays.

Monthly Cost Estimate

Monthly Cost Estimate

An estimate of your monthly payment for this home, with 0% down on a USDA Rural Development loan, based on today's published rate.

Illustrative estimate

Loan Program

Choose a loan type to see how it changes the estimate.

0%

Down payment (0% of price): $0

$

$4,405/moest.

0% down -- about $846 more per month than 20% down conventional.

  • Principal & Interest 76%
  • Property Taxes 11%
  • Insurance 9%
  • USDA Fee 3%
Principal & Interest
$3,363
Property Taxesfrom listing
$479
Insurance
$416
USDA Annual Fee
$147

The USDA annual fee continues for the life of the loan.

Included in your loan amount

USDA Guarantee Fee (financed)
$4,990

30-year fixed at 7.03%, as of September 24, 2026

Assumptions

USDA Rural Development: upfront fee 1.00%, annual mortgage insurance 0.35%; fee schedule effective October 1, 2025.

Mortgage rate: 7.03% for a 30-year fixed loan, published September 24, 2026. Your actual rate depends on your credit, loan type, and lender.

Down payment: 0% of the list price. PMI is included when the down payment is below 20%.

Property taxes: based on the listing's reported annual tax. Taxes are often reassessed after a sale, so your amount may differ.

Home insurance: estimated at about 1% of the price per year. Florida premiums frequently run higher than the national average -- get a real quote before relying on this number.

HOA dues: taken from the listing's association fees. One-time special assessments and capital contributions are not included.

Affordability bands: based on common debt-to-income guidelines (about 28% of income toward housing, 36% toward total debt). Individual lenders set their own limits.

This is an illustrative estimate, not a Loan Estimate, quote, or credit decision. It uses common debt-to-income guidelines and the current published 30-year rate. Actual costs and loan terms require pre-qualification with a licensed lender. Area eligibility is one requirement; USDA also applies household income limits and requires a primary residence. Your lender determines eligibility.

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Frequently Asked Questions

The estimated monthly payment is $4,405, based on 0% down at current market rates. This is an estimate and does not include every cost of ownership.

The annual property tax is $5,745 for tax year 2025. Do not rely on this amount as what you would pay. A change of ownership triggers reassessment, so the tax bill after a sale is often higher than the current owner pays. Contact the county property appraiser for an estimate.

Use the Schedule a Tour button on this page to submit a tour request. HomeJam forwards your request to the listing brokerage for this home.

Yes. You can submit an offer through HomeJam on this page, with or without a buyer's agent. If you already work with an agent, they can make offers and manage the transaction for you through HomeJam too.

Once you and the seller agree on terms, HomeJam prepares the Purchase Agreement using those terms. After both sides eSign, your transaction moves into HomeJam's closing experience with documents, milestones, and next steps organized in one place.

Data courtesy of Stellar MLS as distributed by MLS GRID as of Sep 27, 2026 5:58 AM ET through Sep 28, 2026 5:58 AM ET. MLS# MFR784519582. HomeJam is not the listing broker.

List Price

$499,000

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