5350 FELKER DRIVE, WEEKI WACHEE, FL, 34607
Active32 days on marketListed Aug 19, 2026MLS #W7888686
About this home
5350 FELKER DRIVE
Homes on Oakley Island rarely come to market, making this well-kept 2-bedroom, 1-bath silt waterfront home a special opportunity to own a piece of this tucked-away riverfront community. Set directly on the Mud River, the home offers a peaceful connection to nature with water views, mature native palms, and the unmistakable feeling of being somewhere truly removed from the ordinary. The single owner home is comfortable and lovingly maintained, with beautiful wood floors and a layout ready to enjoy now. The screened back porch is the true heart of the home—a wonderful place to linger over coffee, unwind at the end of the day, or simply take in the ever-changing views of the river and surrounding natural landscape. Waterfront living continues outside, with a concrete seawall, private 16' x 5' dock, and the unique advantage of the river along the rear of the property and a canal bordering the side. Whether you're launching a kayak, fishing, watching wildlife, or simply enjoying the quiet rhythm of the water, the setting is what makes this property extraordinary. Oakley Island is governed by an HOA that does not allow short-term rentals, helping preserve the quiet, residential character of the community. Here, the appeal isn't about turning a property into an investment—it's about owning a home in a special place and enjoying the privacy, nature, and waterfront lifestyle that make Oakley Island so desirable. Call today to schedule a private showing!
Facts & features
The home at a glance
2
Bedrooms
1
Bathrooms
1,160
Sqft
0.23 ac
Lot size
1
Garage
1993
Year built
Two
Levels
$560
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$4,016 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$4,016/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
+66.8%
$/sqft vs Weeki Wachee actives
$560 vs $198
Days on market
32 vs 50 typical
Where $560/sqft sits among the 280 Weeki Wachee actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Weeki Wachee
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Weeki Wachee. See the full Weeki Wachee guide →
WEEKI WACHEE 34607 — neighborhood snapshot
Population
9,046
Median age
55.7
Median income
$61,221
Median home value
$343,100
Avg household
2.3
Households w/ children
740
For the school run
Hernando County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Weeki Wachee market
$350K → $348K
Weeki Wachee median sold, yr/yr
97.0%
Sale-to-list ratio (12 mo)
148 of 280
Weeki Wachee actives have cut their price
Median sold price, Weeki Wachee, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 92% above the WEEKI WACHEE 34607 median. See the full Weeki Wachee market guide →
Paper trail
This home's history
Reality check
What actually sold near 5350 FELKER DRIVE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jul ’26$350,000
6150 ISLAND DRIVE
2 bd · 2 ba · 1,152 sqft · $304/sqft · 13 DOM
Sold · Mar ’26$340,000
6274 FINE STREET
2 bd · 2 ba · 1,128 sqft · $301/sqft · 93 DOM
Sold · Oct ’25$379,000
5369 TUSCAWILLA DRIVE
3 bd · 2 ba · 1,121 sqft · $338/sqft · 2 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Shawn Lewis
Realtor · CENTURY 21 Edge
Tours, negotiation, and every question about 5350 FELKER DRIVE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 5350 FELKER DRIVE — before you fall in love.
See it in person
Schedule a tour
Live availability from Shawn's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
5350 FELKER DRIVE FAQs
What would the monthly payment be for 5350 FELKER DRIVE?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $4,016/mo — principal and interest, the actual property-tax bill, the $21/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 5350 FELKER DRIVE?+
The association fee works out to $21 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 5350 FELKER DRIVE?+
The most recent tax bill on record (2025) was $1,012. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 5350 FELKER DRIVE?+
The listing reports pets: Dogs OK. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Weeki Wachee?+
At $650,000, this home is listed about 69% above the Weeki Wachee median of $383,990. The market section on this page shows how the area is trending.
Which schools are assigned to 5350 FELKER DRIVE?+
Westside Elementary School (elementary), Fox Chapel Middle School (middle), Weeki Wachee High School (high) — Hernando County School District. Always verify school assignments with the district before relying on them.
Keep looking
Similar homes nearby
Listing courtesy of FLORIDA CRACKER PROPERTIES · Emily Barr. MLS #W7888686.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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