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    The Largest CRE Database in the US with Over 1 Million Listings

    117 Carlyle Dr Palm Harbor, FL 34683

    Sponsored
    For Sale
    $850,000

    Land - PALM HARBOR, FL

    Lot size:
    0.32 Acres
    Days on Market:
    272
    Last Refresh:
    Jan 27 at 5:06 am

    Property Features for 117 Carlyle Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-3
    APN
    26-27-15-42624-001-0160
    Pets allowed
    Yes
    Exterior features
    Paved, Dock
    Dock
    1
    Lot size
    0.32 Acres

    Utilities

    Water front features
    Canal - Saltwater, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Lori Balkin
    Lori Balkin

    Coldwell Banker Residential (727) 442-7000

    Listing agent Lori Balkin (727) 581-9411 License #3414347

    Listing date May 1, 2025

    MLS# TB8377220 Listing URL

    Copyright © 2026 Pinellas Suncoast Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Cleared Land Ready for Builders

    This cleared land, formerly known as "The Mango Land," is ready for builders and boaters seeking the old Florida lifestyle on a historic island. Located in the prestigious private community of Indian Bluff Island, which was homesteaded in 1914, this property offers the opportunity to build a dream home. The previous house was removed 10 years ago, and a new composite dock has been recently installed. Utilities are available on site. The neighborhood provides a quiet and unique setting, minutes from Downtown Palm Harbor, Tarpon Springs, Dunedin, and Clearwater, with convenient access to Tampa International Airport and St. Pete/Clw Airport. Top schools, the Pinellas bike trail, Wall Springs Park, the world-famous Innisbrook Golf Course, additional golf and tennis facilities, hospitals, shopping, restaurants, and other conveniences are nearby. The property includes 50 feet of deep water in a sheltered cove, suitable for adding a lift, and offers a quick cruise through Boggy Bayou to St. Joseph Sound, with frequent sightings of manatees, dolphins, turtles, and seabirds, leading to open water where Three Rooker and Honeymoon Island meet. The location provides access to fishing, Honeymoon, Caladesi, Three Rooker, and Anclote Island. A non-mandatory HOA plans activities such as fishing tournaments and community yard sales. The lot size is 0.32 acres. Build your new home to your exact specifications and FEMA requirements.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palm Harbor
    County
    Pinellas
    State
    Florida
    Longitude
    -82.781514
    Latitude
    28.102505

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    FAQs

    What type of property is this?
    Land - Cleared land in a prestigious private community with utilities on site.
    Where is this land located?
    The property is located at 117 Carlyle Dr Palm Harbor, FL.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Deep water access with a NEW COMPOSITE DOCK for quick access to St. Joseph Sound, Three Rooker, and Honeymoon Island.; - Cleared lot READY FOR BUILDING your custom home to your specifications on a historic island.; - Utilities on site in a quiet, private island community.
    (727) 365-0078
    Request Owner's contact information
    117 Carlyle Dr Palm Harbor, FL 34683
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    Palm Harbor, FL 34683
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    117 Carlyle Dr Palm Harbor, FL 34683
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    We can help!
    Listing Contact
    Lori Balkin
    Lori Balkin
    Real Estate License ID: 3414347
    (727) 365-0078
    Learn more
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