3317 Oleander Drive

Short Sale. SHORT SALE.! Discover an exceptional waterfront opportunity in Hernando Beach with this elevated 2-story home featuring inground pool, oversized double lot, direct canal access to the Gulf of Mexico, and tremendous upside potential. This property is priced at $355,000, subject to short-sale lender approval, with a repaired value estimated to exceed $480,000.
Main Upper-Level Living – Move-In Ready
The elevated main residence offers a comfortable and functional 2-bedroom, 1.5-bath layout with spacious living areas and charming architectural details:
Formal living room with wood-burning fireplace
Formal dining room
Open kitchen with granite counters, breakfast bar, abundant cabinetry, all appliances, and gas range
Enclosed balcony/porch finished as a family room
Interior laundry room
Laminate flooring in main living areas
Some cosmetic updates needed, allowing buyers to personalize to taste
Ground-Level Living – Rebuilt & Ready for Finishing
The ground level was previously enclosed and finished as an additional living area, in-law suite, or rental unit. This level sustained hurricane-related flooding and was professionally gutted and rebuilt with:
All new wall studs
New drywall
Fully laid-out floorplan ready to finish: 2 bedrooms, 1 full bath, laundry room, full kitchen, dining room, formal living room, and screened rear patio
This space is currently unfinished, providing a rare opportunity to complete it exactly as desired.
Outdoor Features & Waterfront Lifestyle
Enjoy Florida coastal living with outstanding outdoor amenities:
Inground concrete pool with open patio
Separate storage/workshop building
Waterfront on a saltwater/brackish canal leading directly to the Gulf of Mexico
Seawall in place
Boat dock installed (needs some repair)
Oversized double lot with room to add a private boat ramp
Peaceful waterfront setting close to restaurants, shopping, parks, and all Hernando Beach attractions
Short Sale Opportunity
This is a short sale with tremendous upside for investors, renovators, or buyers seeking a waterfront home with built-in equity. Final sale price is subject to lender approval.
A rare chance to own a waterfront pool home with Gulf access at an exceptional value. Let's Make A Deal Today !