16404 Cayman RoadNew Construction Home in Weeki Wachee, FL
Weeki Wachee, FL 34614 · Hernando County
$145,000
$129/sq ft
Photos of 16404 Cayman Road
1 / 7Who is building this home?
This home is listed as built by Legendary, floor plan Melina B. Builder quality, warranty responsiveness, and willingness to fix punch-list items vary enormously between companies in Tampa Bay.
Compare Tampa Bay builder scorecards →About this home
Under Construction. Rare opportunity on a build in progress. Lovely cleared lot in Royal Highlands. House has walls up, roof sheathed, plumbing roughed in and interior studs completed. Windows are purchased, not installed and included in sale. Doors on building are strictly for security purposes and are not inspected. Property is currently halted mid construction. All work to date was permitted, inspected and then the permit closed prior to sale to the current owner. Current owner scheduled, permitted and paid for a well to be drilled which is currently underway. However, he has experienced a major health set back which has left him unable to proceed. This leaves the door open for a major savings on a partially completed home. Completion will require the hiring of a licensed contractor and buyer is responsible for all costs associated with any and all further construction. There are no licensed contractors, other than the well company, currently associated with the property. Price includes completed/functioning, potable water producing well. Well is contracted for and currently under construction.
Home details and costs
- MLS number
- W7890502
- Property type
- Single Family Residence
- Build stage
- Under Construction
- Builder
- Legendary
- Floor plan
- Melina B
- Heated square feet
- 1,120 sq ft
- Total under roof
- 1,733 sq ft
- Stories
- 1 Story
- Lot size
- 0.46 acres
- Subdivision
- Royal Highlands
- HOA fee
- No HOA
- Annual property tax
- $396 (current assessment)
- Days on market
- 1 days
Heads up on that tax figure. On new construction, the number in the MLS is often the tax on the bare lot, not the finished home. Expect it to jump once the county reassesses with the house on it. How Florida reassesses new builds
What would this home actually cost per month?
Pre-filled with this listing's price and HOA. Adjust anything to match your situation.
Estimated monthly payment
$1,288
$14,500 down (10%) on a $130,500 loan
- Principal and interest
- $825
- Property tax (estimated)
- $143
- Homeowners insurance
- $267
- PMI (under 20% down)
- $54
CDD defaults to zero, and that is often wrong.Many Tampa Bay new-construction communities carry a Community Development District assessment of roughly $1,500 to $3,000 a year on top of HOA, and it is rarely included in a builder's payment estimate. Ask whether this address is in a CDD before you budget.
The tax figure in the MLS looks like a bare-lot assessment. It lists $396 a year, while taxing this purchase price works out closer to $1,710. On new construction the county reassesses once the house is finished, so budget from the higher number.
Estimates only. Actual taxes, insurance, and assessments vary by address and change year to year.
Get the real numbers on this homeWhat is negotiable on this home?
Here is what this listing's numbers say about the builder's position.
On the market 1 daysContext
Still relatively fresh. Expect the sales office to hold firmer here than on inventory that has been sitting.
Still under constructionContext
The builder has money in the ground but no finished house to carry, so there is less pressure than on standing inventory. The upside is that some finish selections are usually still open.
Where builders actually give
Rarely on the published base price. It sets the comp for every unsold home behind this one, and protecting it protects their appraisals. The real room is in closing cost credits, interest rate buydowns, and upgrades moved into the base. Asking for the right one in the right order is most of the job.
Assigned schools
- Elementary
- Winding Waters K8
- Middle
- West Hernando Middle School
- High
- Weeki Wachee High School
School assignments come from the MLS and change. Confirm directly with the district before relying on them.
Virtual tour
View the virtual tour for 16404 Cayman Road→Listed by Homan Realty Group Inc. Listing data provided courtesy of Stellar MLS via Bridge Interactive. Information is deemed reliable but not guaranteed and is provided for consumers' personal, non-commercial use. 16404 Cayman Road, Weeki Wachee, FL 34614 is presented by Barrett Henry, REMAX Collective. Prices, availability, and incentives change without notice.