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.

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