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2924 PENRIDGE DRIVE
About This Property
This beautifully maintained 3-bedroom, 2-bath, Large Backyard on a corner lot home located in the desirable Deep Spring subdivision of Palm Harbor. The HOME has (3) Three car garage.
The home is situated on just under a quarter-acre lot, this spacious property offers the perfect blend of comfort, style, and functionality.
Inside, you'll find soaring high ceilings and a bright, open layout filled with natural light. The main living areas feature elegant tile flooring, complemented by warm wood floors that add character and charm throughout the home. The kitchen is designed for both everyday living and entertaining, showcasing stainless steel appliances, granite countertops, wood burning fireplace and ample cabinet space.
The inviting living room centers around a cozy fireplace, creating the perfect atmosphere for relaxing evenings at home. The spacious primary suite offers a private retreat complete with a luxurious garden tub and well-appointed en-suite bath. Ceiling fans throughout the home provide year-round comfort.
Step outside to the covered outdoor lanai, an ideal space for entertaining guests, dining outdoors, or simply enjoying peaceful Florida evenings.
Additional highlights include a spacious 3-car garage and an excellent location close to top-rated schools, shopping, dining, parks, and Gulf beaches. This exceptional Palm Harbor property truly offers the best of Florida living.
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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 21, 2026 | Sold | ||
| Sold | |||
| Jul 23, 2026 | In contract | - | |
| In contract | |||
| Jul 13, 2026 | Relisted | $499,000 | |
| Relisted | |||
| Jun 1, 2026 | In contract | - | |
| In contract | |||
| May 11, 2026 | Listed by DALTON WADE INC | $494,900 | |
| Listed by DALTON WADE INC | |||
Property Highlights
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About Palm Harbor
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017