346 RANCH ROAD
About This Property
Professionally decorated and thoughtfully refreshed, the 4-bedroom, 3-bath home is now complemented by additional land clearing that showcases more of the usable homesite while preserving the beauty and privacy of the surrounding woods. The open floor plan features spacious living areas, a wood-burning fireplace, quartz countertops, shaker cabinetry, stainless steel appliances, and an oversized 2-car garage. The primary suite opens to the covered patio, creating a peaceful place to enjoy your morning coffee or unwind at the end of the day.
The outdoor possibilities are what truly set this property apart. Approximately 1.3 acres are buildable, providing generous room for a pool, outdoor living, RV, boat, trailers, and future improvements. The remaining 4.39 wooded acres create a private natural setting where deer and other native wildlife are frequent visitors. Enjoy walking trails, ATV adventures, dirt bikes, or simply the peace and privacy of your own wooded retreat. A picturesque seasonal creek meanders along the southern edge of the property, adding character and an additional layer of privacy.
The existing 4-stall stable offers exceptional versatility. Use it for horses, convert it into a workshop or hobby space, or explore the possibilities of a future barn with guest quarters or an apartment. Whether you envision an equestrian property, a multigenerational family retreat, a weekend getaway, or a property with short-term rental potential, this acreage gives you room to make it your own.
Located in unincorporated Pinellas County, where short-term rentals are permitted, this property offers flexibility for an Airbnb, vacation rental, or multigenerational living arrangement. Families will appreciate the A-rated school district and East Lake High School zoning.
Despite its peaceful, country-like setting, the location is remarkably convenient: approximately 15 minutes to Fred Howard Park, Sunset Beach, and the historic Tarpon Springs Sponge Docks; 20 minutes to Downtown Dunedin; 30 minutes to Clearwater Beach; and roughly 35 minutes to Tampa International Airport and St. Pete-Clearwater International Airport. Shopping, dining, golf, parks, medical facilities, and major commuter routes are all nearby.
For added peace of mind, the home previously experienced soil settlement at the rear of the property. The foundation has since been professionally reinforced and stabilized by a licensed foundation repair contractor, and the repair includes a transferable lifetime warranty.
Schedule your private showing and explore the acreage, the possibilities, and the value this property offers.
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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 |
|---|---|---|---|
| Oct 29, 2026 | Price Decreased |
$725,000
↓ $25K
(3.3%) | |
| Price Decreased | |||
| Sep 4, 2026 | Price Decreased |
$750,000
↓ $49K
(6.1%) | |
| Price Decreased | |||
| Jul 15, 2026 | Listed by KELLER WILLIAMS REALTY- PALM HARBOR | $799,000 | |
| Listed by KELLER WILLIAMS REALTY- PALM HARBOR | |||
| Nov 5, 2018 | Sold | ||
| Sold | |||
| Nov 3, 2018 | No longer available | - | |
| No longer available | |||
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About East Lake
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017