Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3609 INDIGO POND DRIVE Palm Harbor, FL 34685

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $315,000

    Updated 2-bedroom condo with water and golf course views.

    Type:Condo/Townhome
    Property size:
    1,283 SF
    Lot size:
    2.93 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    9
    Last Refresh:
    Mar 26 at 12:41 am

    Property Features for 3609 INDIGO POND DRIVE

    General Information

    Standard status
    Active
    Size
    1,283 SF
    Lot size
    2.93 Acres
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    1987

    We can help!

    Listing Contact
    Julie Kelsey
    Julie Kelsey

    Listing agent Julie Kelsey License #3345282

    Listing office COLDWELL BANKER REALTY

    Listing date Mar 24, 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 COLDWELL BANKER REALTY

    Overview

    Stylish Condo with Golf Views

    This stylish condo offers water and golf views. Located in the E. Lake Corridor of Palm Harbor, the property is near the Lansbrook Golf Course, N. Pinellas YMCA, John Chestnut Park, restaurants, shopping, and Gulf Beaches. The 2-bedroom, 2-bathroom condo features an updated kitchen with cream cabinets, granite countertops, and stainless steel appliances. Both bathrooms have been updated. Newer luxury plank vinyl flooring has been installed. The HVAC system was replaced in 2022, and the water heater was replaced in 2024. A spacious screened patio offers views. Community amenities include a heated pool, a covered carport, and an outdoor storage closet. The HOA covers water, sewer, and exterior maintenance. The property is 1283 square feet and does not require flood insurance.
    Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center 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
    -82.7009697
    Latitude
    28.1042823

    Nearby Similar for Sale

    • $640,000
      2,472 SF

      Palm Harbor Duplex: Investment Opportunity

      Multi-family home in Ozona, zoned for short term rentals.
      700 OHIO AVENUE, PALM HARBOR, FL 34683
      View Details
    • $450,000
      1,175 SF

      Palm Harbor Office For Sale

      Office unit with great location and ample parking available now.
      3830 TAMPA ROAD, PALM HARBOR, FL 34684
      View Details
    • $1,750,000
      5,750 SF

      Palm Harbor Retail Stripcenter Opportunity

      Retail stripcenter in the heart of Palm Harbor, Florida.
      1454-1470 ALT 19, PALM HARBOR, FL 34683
      View Details
    • $249,900
      800 SF

      Palm Harbor Commercial Condo Unit

      800 sq ft condo-style commercial space in Palm Harbor.
      36141 US HIGHWAY 19 N, PALM HARBOR, FL 34684
      View Details
    • $365,000
      2,004 SF

      Immaculate Townhouse Near Innisbrook Resort

      Spacious 3-bedroom townhouse with recent updates and community amenities.
      303 OLD MILL POND ROAD 303, PALM HARBOR, FL 34683
      View Details
    • $145,000
      1,000 SF

      Palm Harbor Condo with Garage

      Two-bedroom condo with garage, stainless appliances, and community amenities.
      2718 HIGHLANDS BOULEVARD A, PALM HARBOR, FL 34684
      View Details
    • $289,000
      1,520 SF

      Updated Unit in Countrybrook Community

      Updated unit near shopping, dining, beaches, and entertainment.
      2866 COUNTRYBROOK DRIVE 15, PALM HARBOR, FL 34684
      View Details
    • $1,200,000
      3,528 SF

      Palm Harbor Commercial Building For Sale

      Commercial building with redevelopment potential in Palm Harbor, Florida.
      660 Alderman Rd, Palm Harbor, FL 34683
      View Details
    • $199,900
      900 SF

      Updated Condo in Palm Harbor

      Move-in ready, furnished 2 bed, 2 bath condo with upgrades.
      2998 BONAVENTURE CIRCLE 101, PALM HARBOR, FL 34684
      View Details
    • $267,500
      1,332 SF

      Palm Harbor Duplex Villa

      Two-bedroom villa in active 55+ Highland Lakes community.
      3332 MCMATH DRIVE, PALM HARBOR, FL 34684
      View Details
    • $8,496,000
      17,000 SF

      Palm Harbor Retail Center For Sale

      100% occupied retail center with strong tenant mix.
      33160 US Hwy 19 N, Palm Harbor, FL 34684
      View Details
    • $165,000
      1,038 SF

      Desirable Condo Near Amenities

      Condo with updated features, close to clubhouse and conveniences.
      2688 PINE RIDGE N WAY D1, PALM HARBOR, FL 34684
      View Details

    FAQs

    What type of property is this?
    Residential income property - Updated 2-bedroom condo with water and golf course views.
    Where is this residential income property located?
    The property is located at 3609 INDIGO POND DRIVE Palm Harbor, FL.
    What is the asking price?
    The asking price for this property is $315,000.
    What are key features of this property?
    This property features: Outstanding water and golf course views; Updated kitchen features cream cabinets, granite countertops, and stainless steel appliances; Prime location near Lansbrook Golf Course, YMCA, parks, restaurants, and beaches in the desirable E. Lake Corridor
    (727) 781-3700
    We can help!
    Listing Contact
    Julie Kelsey
    Julie Kelsey
    Real Estate License ID: 3345282
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!