20319 PAINTER PLACE
About This Property
At the heart of the property is a recently remodeled and lovingly cared-for 5-bedroom, 4-bath main home with a grand yet comfortable feel and an exceptionally versatile floor plan. The bright, beautiful kitchen is the centerpiece of the home, designed to be both welcoming and highly functional, while multiple living areas create tremendous flexibility. The layout lends itself beautifully to a growing family, multigenerational living with room for independence, homeschooling, home-based business operations, or other creative residential and potential business uses permitted by zoning. Updates and improvements include newer HVAC, numerous permitted replacement windows, remodeled bathrooms, new interior and exterior paint, new appliances, new washer and dryer, a whole-home water filtration system, and a newly paved driveway. An additional Florida room adds even more usable space, while the backyard offers room to create an incredible garden, greenhouse, outdoor living area, or expanded homesteading setup.
THE GUEST HOUSE: Separate from the main residence is a charming 1-bedroom, 1-bath accessory dwelling unit with central HVAC, an open floor plan, and a wraparound porch overlooking the property's rolling pastures. Use it for extended family, guests, a detached office or school space, or explore its potential as an income-producing rental. Its separation from the main home gives it a sense of independence while remaining part of the overall property.
Outside, the infrastructure continues with an enclosed workshop with additional covered storage, carport, tack/storage room, tool barn, additional storage buildings, shed, and small chicken coop. Dual entrances provide excellent accessibility and functionality for residential, agricultural, and business activity. A small portion of the property is also currently utilized for month-to-month commercial storage of trucks and equipment, generating approximately $1,200 per month, creating existing income while leaving the majority of the property available for the owner's use.
And then there is the zoning. Pasco County AC – Agricultural Commercial zoning is where the possibilities really begin. For the buyer dreaming of serious homesteading, agricultural production, commercial growing, livestock, equipment or agricultural business uses, or simply wanting land with greater flexibility than conventional residential zoning can provide, this property deserves a closer look. Buyers should independently verify their intended use with Pasco County.
Two residences. Existing income. Agricultural-commercial zoning. Workshops and storage. Rolling pasture. Room for family, business, animals, gardens and ideas.
You bring the dream. Painter Place just might give you the place to build it.
Listed By
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 3, 2026 | Listed by FLORIDA CRACKER PROPERTIES | $895,000 | |
| Listed by FLORIDA CRACKER PROPERTIES | |||
| Dec 5, 2022 | Sold | ||
| Sold | |||
| Oct 14, 2022 | Listed by FLORIDA CRACKER PROPERTIES | $585,000 | |
| Listed by FLORIDA CRACKER PROPERTIES | |||
| Mar 17, 2020 | No longer available | - | |
| No longer available | |||
| Mar 9, 2020 | Price Decreased |
$434,500
↓ $26K
(5.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017