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About this home
5350 Felker Dr is a 1993-built home in Oakleys Mud River Sub Unrec, Weeki Wachee. Inside you'll find 2 bedrooms, 1 bathrooms, and 1,160 square feet of living space. Listed at $635,000 (about $547/sqft), 56 days on market. Flood zone AE - confirm flood insurance requirements with your lender. HOA runs $250 annually.
Homes on Oakley Island rarely come to market, making this well-kept 2-bedroom, 1-bath stilt 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!
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The essentials
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Details
Districts can re-zone, so verify directly with the district before relying on these.
Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
Price history
Neighborhood
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. HOA includes any condo dues reported on the listing. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$635,000
$547 per sq ft
Beds and baths
2 beds, 1 baths
Size
1,160 sq ft
Time on market
56 days
Year built
1993
Monthly payment
About $3,735/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $1,012 annual tax bill, insurance, and the $250/yr HOA fee.
HOA fee
$250/yr
Managed by Luke Johns.
Flood zone
Zone AE
That is a high-risk designation, so a lender will normally require flood insurance. Confirm the current rate before you write an offer.
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