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254 TIMBERVIEW DRIVE
About This Property
Discover the perfect blend of sophisticated living and small-town charm in this beautiful 3-4-bedroom, 2.5-bathroom pool and spa home, situated in one of Pinellas County's most desirable communities. Boasting an elegant brick-paver driveway and exceptional curb appeal, the residence features a thoughtfully executed split floor plan that seamlessly separates the formal living and dining areas from the main living spaces. The heart of the home centers around a bright kitchen complete with neutral cabinetry, granite countertops, and a modern stainless steel appliance package, which flows into an expansive Florida room backing directly up to the pool deck. Designed with ultimate flexibility in mind, the spacious owner's suite features a highly versatile adjoining room ideal for a private nursery, home office, or den, while the separate guest wing hosts a clever built-in Murphy bed to easily transition a secondary bedroom into a workspace or guest accommodations.
Enjoy complete peace of mind with major mechanical upgrades already taken care of, including an HVAC system replaced in 2021, high-impact windows and doors installed in 2022 and 2023, a newer roof from 2019, and a fully owned solar panel system that delivers significant monthly energy savings without any lease agreements to assume. Located just moments from the historic heart of downtown Safety Harbor, you are steps away from a lifestyle defined by walkable, brick-paved streets, award-winning local dining, independent boutiques, the famous Safety Harbor Resort & Spa, and the waterfront vistas of Philippe Park along Old Tampa Bay. This property offers a rare combination of community charm, premium infrastructure, and metropolitan convenience, with quick access to two international airports and the pristine shores of Honeymoon Island and Clearwater Beach.
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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 |
|---|---|---|---|
| Aug 26, 2026 | In contract | - | |
| In contract | |||
| Aug 5, 2026 | Price Decreased |
$479,000
↓ $20K
(4%) | |
| Price Decreased | |||
| Jun 30, 2026 | Price Decreased |
$499,000
↓ $20K
(3.9%) | |
| Price Decreased | |||
| Jun 15, 2026 | Listed by KELLER WILLIAMS REALTY PORTFOLIO COLLECTION | $519,000 | |
| Listed by KELLER WILLIAMS REALTY PORTFOLIO COLLECTION | |||
| Apr 5, 2026 | Price Decreased |
$529,900
↓ $20K
(3.6%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017