Under contract-accepting backup offers. Calling All Investors, Flippers & DIY Enthusiasts - Value-Add Opportunity in Palm Harbor's Cloverplace$199,999 | 855 Sq Ft | 2 Bed / 1 Bath | HOA Only $230/MonthThis villa-style home in the highly sought-after Cloverplace community is a rare find for anyone looking to build equity through renovation. Compact and efficient, this is an ideal scale for a first flip, a manageable DIY project, or a low-maintenance rental - with good bones, a smart layout, and a location that already commands strong demand.Why This Deal Works:Priced to leave room for renovation budget - at $199,999, this is one of the most accessible entry points into Cloverplace, leaving equity room to invest in updates and still land below comparable renovated homes in the areaRight-sized for a fast turnaround - 855 sq ft keeps renovation costs and timelines manageable, ideal for a first-time flipper or a weekend-warrior DIY projectJust $230/month HOA - covers water, sewer, trash, and exterior/community maintenance, keeping your carrying costs low during renovation and your margins protected afterLand ownership - no lot-lease traps eating into your returnsInvestor-friendly community - no restrictive rental caps working against your exit strategyOnly one shared wall - near-single-family feel and privacy, which commands a premium with buyers and tenants alikePrivate fenced backyard - instant value-add potential for outdoor living space, a huge draw for resale or rental. The Upside:The layout offers real flexibility for a renovation plan: the primary suite connects via sliding glass doors to a bonus room ideal for staging as a home office, den, or fitness space - a feature today's buyers pay extra for, and one that helps this 2-bed unit feel bigger than its footprint. Open living/dining flow gives you a blank canvas for a full kitchen and interior refresh without major structural work.The Numbers Story:Cloverplace homes are known for strong desirability and affordability in the Palm Harbor market, close to shopping, dining, and a short drive to Gulf beaches - all things that support strong resale value or rental demand once updates are complete. With a low entry price, low HOA, and a compact footprint, this deal keeps your total investment (purchase + renovation) well-positioned against post-renovation comps. Whether your plan is fix-and-flip, buy-and-hold rental, or a live-in renovation, the fundamentals here - location, land ownership, low carrying costs - do a lot of the heavy lifting for your business plan.This is the kind of project that doesn't sit on the market long. Schedule your showing today and run your numbers on Cloverplace best value opportunity.
Listed By
Agency Name: KELLER WILLIAMS REALTY- PALM H
Agency Contact: 727-772-0772
Shown By
Agent Name: Banke Ayanleke
Agent Phone: (850) 792-4919
Agency Title: Watson Realty Corp., REALTORS ®
Estimated Payment
$ 1,128.40 per month $1,008.15 Principal & Interest $61.92 Property Tax $58.33 Homeowner's InsuranceSend an email with a link to
3165 Phlox Drive, Palm Harbor, FL 34684.
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3165 Phlox Drive | MLS# TB8517639
This condo located at 3165 Phlox Drive, Palm Harbor, FL 34684 is currently listed for sale with an asking price of $199,999. This property was built in 1984 and has 2 bedrooms and 1 full baths with 855 sq. ft. Phlox Drive is located in the CLOVERPLACE CONDO subdivision. Search CLOVERPLACE CONDO real estate on www.bankeayanleke.com today.