Desirable Condo Near
2688 PINE RIDGE N WAY D1, Palm Harbor, FL 34684
Condo with updated features, close to clubhouse and conveniences.
Type:Condo/Townhome
Property size:
1,038 SFPrice / SF:
$158/SF- Added:
- Mar 23, 2026
- Days on Market:
- 57
- Last Refresh:
- Apr 5 at 11:49 pm
Property Features for 2688 PINE RIDGE N WAY D1
General Information
- Standard status
- Active
- Size
- 1,038 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1983
Listing agent Jonathan Minerick License #01523060
Listing office HOMECOIN.COM (888) 400-2513
Listing date Mar 23, 2026
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of HOMECOIN.COM
HighLights
- Short distance to clubhouse, pool, and activities.
- Convenient to stores, hospitals, and doctors.
- New 2022 A/C.
- Updated bathrooms (vanities, toilets, and floors).
- Large laundry room and eat‑in kitchen.
- Ground floor unit.
Overview
This residential condo offers a chance to own property a short distance from a clubhouse, pool, and various activities. Its location provides convenient access to stores, hospitals, and doctors' offices. The condo features a large laundry room and an eat-in kitchen. Recent updates include fresh paint and bathroom renovations, including new vanities, toilets, and floors. A new A/C unit was installed in 2022, along with custom blinds and a new refrigerator. The property has a size of 1038 square feet and is located on the bottom floor.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$106.1K
NOI $9,547 @ 9.00% cap · cautious / downside scenario
Moderate
$136.4K
NOI $9,547 @ 7.00% cap · market / base-case scenario
Aggressive
$190.9K
NOI $9,547 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.7k | $18.00 |
| − Vacancy | −$1.3k | −$1.28 |
| EGI | $17.4k | $16.72 |
| − OpEx | −$7.8k | −$7.52 |
| NOI | $9.5k | $9.20 |
1,038 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$136.4K
$119.3K – $159.1K
NOI $9,547 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$270.0K
$236.2K – $315.0K
NOI $18,899 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Residential income properties
Location Insight
- Map
- Local Demand
- City
- Palm Harbor
- County
- Pinellas
- State
- Florida
- Longitude
- -82.7359197
- Latitude
- 28.0845736
Nearby Similar for Sale
FAQs
What type of property is this?
Residential income property - Condo with updated features, close to clubhouse and conveniences.
Where is this residential income property located?
The property is located at 2688 PINE RIDGE N WAY D1 Palm Harbor, FL.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Short distance to clubhouse, pool, and activities.; Convenient to stores, hospitals, and doctors.; New 2022 A/C.
