$645,000
●
House -
Off Market
32923 DRAKE ESTATES WAY
DADE CITY, FL 33525
4 Beds
2 Baths,
1
Half Bath
2,161 Ft²
$3,867
Est. Monthly
$38
HOA / Fees
About This Property
Welcome to 32923 Drake Estates Way in Dade City, Florida, a
beautifully upgraded 2022-built home on nearly one acre in Pasco
County offering the perfect blend of modern comfort and peaceful
country living.
This 4-bedroom, 2.5-bath home with over 2,100 square feet of living space features an open, functional floor plan designed for both everyday living and entertaining. Luxury vinyl plank flooring flows throughout the main living areas, creating a cohesive and low-maintenance space with a clean, modern feel.
The kitchen opens seamlessly to the living and dining areas, making it ideal for gatherings, while large windows bring in natural light and views of the surrounding countryside.
Recent upgrades provide added value and peace of mind, including:
• New larger-capacity HVAC system (2025)
• Whole-home sulfur block and saltwater water purification system
• Modern flooring throughout the home
• Move-in ready condition
Situated on nearly a full acre, this property offers the space and privacy many buyers are searching for while still being conveniently located near shopping, dining, and major commuter routes connecting Dade City, Wesley Chapel, and Tampa.
Enjoy the charm of rural Florida living with modern construction, where wide open spaces and quiet surroundings meet the convenience of nearby amenities.
If you're searching for homes for sale in Dade City with land, newer construction homes in Pasco County, or a move-in ready home on acreage near Wesley Chapel, this property is one you won't want to miss.
Schedule your private showing today and experience the lifestyle this beautiful property offers.
This 4-bedroom, 2.5-bath home with over 2,100 square feet of living space features an open, functional floor plan designed for both everyday living and entertaining. Luxury vinyl plank flooring flows throughout the main living areas, creating a cohesive and low-maintenance space with a clean, modern feel.
The kitchen opens seamlessly to the living and dining areas, making it ideal for gatherings, while large windows bring in natural light and views of the surrounding countryside.
Recent upgrades provide added value and peace of mind, including:
• New larger-capacity HVAC system (2025)
• Whole-home sulfur block and saltwater water purification system
• Modern flooring throughout the home
• Move-in ready condition
Situated on nearly a full acre, this property offers the space and privacy many buyers are searching for while still being conveniently located near shopping, dining, and major commuter routes connecting Dade City, Wesley Chapel, and Tampa.
Enjoy the charm of rural Florida living with modern construction, where wide open spaces and quiet surroundings meet the convenience of nearby amenities.
If you're searching for homes for sale in Dade City with land, newer construction homes in Pasco County, or a move-in ready home on acreage near Wesley Chapel, this property is one you won't want to miss.
Schedule your private showing today and experience the lifestyle this beautiful property offers.
Unit Size
2,161 Ft²
Days on Market
105 days
Land Size
0.96 acres
Price per sqft
$303
Property Type
House
Property Taxes
$613
HOA Dues
$38
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 7 months ago (Stellar MLS #TB8464891)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 30, 2026 | Sold | ||
| Sold | |||
| Mar 22, 2026 | In contract | - | |
| In contract | |||
| Feb 17, 2026 | Price Decreased |
$655,000
↓ $5K
(0.8%) | |
| Price Decreased | |||
| Feb 2, 2026 | Price Decreased |
$660,000
↓ $10K
(1.5%) | |
| Price Decreased | |||
| Jan 15, 2026 | Listed by REAL BROKER, LLC | $670,000 | |
| Listed by REAL BROKER, LLC | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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About Pasco
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Listed by: Michelle Sands
REAL BROKER, LLC
Last Updated: 7 months ago
Data Source: Stellar MLS, MLS# TB8464891
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
REAL BROKER, LLC
Last Updated: 7 months ago
Data Source: Stellar MLS, MLS# TB8464891
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017