Two-Home Residential Income
For Sale
$525,000
Pending
6890 COUNTY ROAD 95, Palm Harbor, FL 34684
Two separate residences on a spacious parcel support flexible living, storage, livestock, or income-producing uses.
Property Size3,338 SF
Lot Size3.20 Acres
Days on Market51
Property Features for 6890 COUNTY ROAD 95
General Information
Standard status
Pending
Size
3,338 SF
Lot size
3.20 Acres
Property subtype
Single Family Residence
Property Condition
Severity
Repairs Needed
Evidence
need some TLC
Units
Unit Mix
1 x 4BR/4BA, 1 x 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,713
Building Details
Building Size
3,338 SF
Year Built
1983
Buildings
2
Listing Agency:
COLDWELL BANKER REALTY
Listed By:
Vincent Gepp · License #3080899
(727) 481-7042
Source:
Kingofrealestate
Added: Sep 8
Changed: Oct 25
Last Checked: Oct 28 at 2:00PM
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
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Investment Insights
Based on property information with market context.
This residential income property includes two separate homes positioned on a 3.2-acre parcel. The primary residence contains 2,608 SF under air, with 4 bedrooms, 4 bathrooms, and a covered front porch. A detached single-level home adds 730 SF under air, along with 2 bedrooms and 2 bathrooms. Both residences were built in 1983 and require some TLC.
The property sits high on a hill in Palm Harbor, and the source information states that flood insurance is not required. The acreage also includes room for additional improvements, including a large garage for RVs, boats, or equipment. The property information identifies potential for a private compound, home business, outdoor storage, horses or livestock, and income generation.
The property sits high on a hill in Palm Harbor, and the source information states that flood insurance is not required. The acreage also includes room for additional improvements, including a large garage for RVs, boats, or equipment. The property information identifies potential for a private compound, home business, outdoor storage, horses or livestock, and income generation.
Key Highlights
- Two separate homes on 3.2 acres
- Primary residence: 2,608 SF under air, 4 bed/4 bath
- Detached residence: 730 SF under air, 2 bed/2 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,700
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$614,000
$614.0K
Cap Rate 7%
$438,571
$438.6K
Cap Rate 9%
$341,111
$341.1K
Market Conditions
NOI Build-Up for 3,338 SF
Gross rent
$60.1K $18.00/SF
− Vacancy
−$4.3K −$1.28/SF
EGI
$55.8K $16.72/SF
− OpEx
−$25.1K −$7.52/SF
NOI
$30.7K $9.20/SF
Area
Pinellas County, FL
Vacancy
7.10%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$614,000
Cap Rate 7%
$438,571
Cap Rate 9%
$341,111
Alternative Uses
Best Use
Apartment 5plus
$438.6K
$383.8K – $511.7K
NOI $30,700 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$868.2K
$759.7K – $1.01M
NOI $60,777 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
952
Businesses Nearby
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Business Placement
Demographics for 34684, FL
27,078
Population
14,308
Households
1.9
Avg Household Size
54
Median Age
35%
College-Educated
95%
High-School Grad
6.7 sq mi
ZIP Area
4,041
Density / Sq Mi
$67,542
Median Household Income
$47,427
Median Earnings
$1,781
Median Rent
$293,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two separate residences on a spacious parcel support flexible living, storage, livestock, or income-producing uses.
Where is this residential income property located?
The property is located at 6890 COUNTY ROAD 95 Palm Harbor, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two separate homes on 3.2 acres; Primary residence: 2,608 SF under air, 4 bed/4 bath; Detached residence: 730 SF under air, 2 bed/2 bath
