Waterfront Fixer Upper with Direct Gulf Access being sold at land value! Welcome to 5319 Ray Drive, Weeki Wachee, Florida, a one of a kind waterfront property located on a quiet cul de sac. This home sits on a canal with direct access to the famous Weeki Wachee River and the Gulf of Mexico, offering the perfect setting for kayaking, fishing, and boating right from your backyard in one of Florida's most scenic waterfront communities! This unique home features 2 bedrooms/flex room and 1 bath on the main level, plus an upper level addition with a private 1 bedroom suite, walk in closet, bath, and kitchenetteperfect for guests or rental potential. A private balcony upstairs offers picturesque views of the water and surrounding nature. The outdoor space is designed for waterfront living, complete with a 50 foot walking seawall, private boat dock, carport, and patio, making it an ideal place to relax and enjoy the serene setting. Prime Location with Direct Gulf Access just minutes from Rogers Park, Pine Island Beach, and Weeki Wachee Springs State Park, home of the world famous mermaid show. Conveniently close to schools, shopping, restaurants, medical facilities, and major attractions, with an easy commute to Tampa and Orlando. While the home has been affected by hurricane flooding and requires repairs, it presents a rare opportunity to create your dream waterfront retreat. Don't miss your chance to own a piece of paradise with direct access to the Weeki Wachee River and the Gulf of Mexico!