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201 LAGOON DRIVE
About This Property
Step inside to a welcoming open-concept floor plan where natural light, generous living spaces, and thoughtful details create an ideal environment for both everyday living and entertaining. The spacious great room features a charming wood-burning fireplace and flows seamlessly into the beautifully appointed kitchen. Designed to be the heart of the home, the kitchen offers a generous center island, ample cabinetry, and an open connection to the surrounding living and dining areas.
French doors provide a seamless transition from the interior living spaces to a spacious, fully screened balcony. With generous room for dining, entertaining, and relaxing, this elevated outdoor space overlooks the sparkling pool and beautifully landscaped paver lanai, creating a private retreat for enjoying Florida's year-round outdoor lifestyle. The primary suite offers its own peaceful escape, with access to the screened balcony and tranquil views of the pool and surrounding grounds.
The home's elevated design provides exceptional flexibility and additional living potential. The lower level features a spacious area with a second kitchen and private-entry potential, offering a variety of possibilities for a guest suite, multigenerational living arrangement, home office, recreation room, or additional entertaining space. This versatile configuration provides the opportunity to tailor the home to a variety of lifestyles and needs.
Outdoor living is equally impressive, with a newly refinished pool surrounded by a spacious paver lanai, mature landscaping, outdoor shower, and ample room for entertaining. The property also features a two-car garage, RV hook up and parking, a front deck, and an inviting outdoor setting that takes full advantage of the Florida climate.
Ideally situated in the desirable Ozona community, this home offers a wonderful combination of privacy, convenience, and coastal charm. Enjoy the area's relaxed atmosphere and golf-cart-friendly lifestyle while being close to local restaurants, shops, marinas, the Gulf, the Pinellas Trail, downtown Palm Harbor, and the vibrant dining and entertainment options of nearby Dunedin.
With its beautifully remodeled interior, flexible living spaces, elevated design, private pool, exceptional outdoor entertaining areas, and desirable Ozona location, 201 Lagoon Drive presents a rare opportunity to experience the best of Palm Harbor's coastal lifestyle. Whether you're looking for a full-time residence, a private Florida retreat, or a home designed for entertaining and extended family, this distinctive property offers the space, versatility, and setting to make Florida living truly exceptional.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 22, 2026 | Price Decreased |
$939,000
↓ $31K
(3.2%) | |
| Price Decreased | |||
| Aug 22, 2026 | Listed by BHHS FLORIDA PROPERTIES GROUP | $970,000 | |
| Listed by BHHS FLORIDA PROPERTIES GROUP | |||
| Jun 26, 2026 | Price Decreased |
$979,000
↓ $21K
(2.1%) | |
| Price Decreased | |||
| Jun 6, 2026 | Price Decreased |
$999,999
↓ $50K
(4.8%) | |
| Price Decreased | |||
| Apr 7, 2026 | Listed by EXP REALTY LLC | $1,050,000 | |
| Listed by EXP REALTY LLC | |||
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DISCOVER OZONA. DISCOVER A DIFFERENT WAY OF LIVING.
Some homes are defined by their square footage. Others are defined by the lifestyle they offer. Welcome to 201 Lagoon Drive, a beautifully updated 4 bedroom, 3 bath residence offering 2,764 square feet in the heart of Ozona, one of Tampa Bay’s most sought-after coastal communities. Here, your weekends aren’t spent sitting in traffic... they’re spent on the water, exploring nearby marinas, enjoying waterfront restaurants, riding the Pinellas Trail, or taking a short golf cart ride through one of Palm Harbor’s most charming neighborhoods. Inside, you’ll find a thoughtfully updated home designed for the way people live today. Bright, inviting living spaces, stylish finishes, and a flexible multi-level floor plan provide the perfect balance of comfort, functionality, and effortless entertaining. Whether you’re hosting family and friends, working from home, or simply enjoying a quiet evening, this home offers the space and versatility to fit your lifestyle. The true value of 201 Lagoon extends well beyond its walls... You’re just minutes from downtown Palm Harbor, vibrant Downtown Dunedin, award winning Gulf beaches, local breweries, boutique shopping, parks, marinas, and some of the best boating and fishing Tampa Bay has to offer. Finding a beautifully updated home of this size in Ozona, at this price point, is an increasingly rare opportunity. If you’ve been searching for more than just another house, but instead a place where every day feels like you’re living the Florida lifestyle you imagined, 201 Lagoon Drive deserves a place at the top of your list. Schedule your private showing today and experience firsthand why so many people fall in love with the Ozona lifestyle.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017