3165 PHLOX DRIVE at

3165 PHLOX DRIVE

For sale Days on market 13

$199,999

$234/sq ft

$50,001
Price Decreased

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Overview

Bedroom

Bath

Year Built

1984

Garage

Sqft

855

Property Type

Villa

Property Description

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/Month This 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 area Right-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 project Just $230/month HOA — covers water, sewer, trash, and exterior/community maintenance, keeping your carrying costs low during renovation and your margins protected after Land ownership — no lot-lease traps eating into your returns Investor-friendly community — no restrictive rental caps working against your exit strategy Only one shared wall — near-single-family feel and privacy, which commands a premium with buyers and tenants alike Private 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.

Property Details

MLS#

TB8517639

Garage

Total Floor in Bldg

Address

3165 PHLOX

City

PALM HARBOR

State/county

Zip/Postal Code

34684

Area

Cloverplace Condo

Country

United States

HOA

Yes

Assoc Fee

$225

Assoc Fee Pd

Monthly

Tax Amount

$743

Maint Fee

$--

Tax Year

2025

Dishwasher

Disposal

Range

Range Hood

Refrigerator

Washer

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