4060 SALEM SQUARE PARKWAY
About This Property
Welcome to this move-in ready, updated 3-bedroom, 2-bathroom or 2 bedroom & an office villa with a 2-car garage, nestled in the highly sought-after maintenance-free, gated community of Salem Square of Ridgemoor in Palm Harbor.
Situated on a premium conservation lot, this home offers privacy, tranquility, and beautiful wooded views. Interior features include updated finishes and a charming atrium that brings natural light into the heart of the home. The large primary bedroom has a walk-in closet and ensuite bathroom and access to the enclosed Florida sunroom overlooking the conservation area which adds additional living space (not included in the square footage). The sunroom provides a peaceful retreat to enjoy your morning coffee, unwind at the end of the day, or entertain guests. The split plan offers two other bedrooms and a full bathroom perfect for family or guests. You will be surprised at how spacious this unit is. The third bedroom/office does not have a closet but can be easily converted into a 3rd bedroom. The home also features a water softener and the AC was replaced in 2020.
This villa is truly turnkey - just bring your furniture and start enjoying Florida living! Perfectly maintained.
Residents of Salem Square enjoy access to the private community pool and Ridgemoor Park offers tennis courts and basketball courts. Best of all, NO flood insurance is required! This maintenance free community offers lawn care and exterior maintenance. Close to top-rated schools, grocery store, shopping, dining, golf, beautiful Gulf beaches, John Chesnut Park and the Pinellas Trail. Downtown Palm Harbor, Dunedin, Honeymoon Island, and Downtown Tarpon Springs are easily accessible, and it is a short commute to Tampa International Airport. Experience the perfect blend of privacy, low maintenance living and a convenient location. Schedule your showing today, you will not be disappointed. All information deemed reliable; buyer to verify.
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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 21, 2026 | Sold | ||
| Sold | |||
| Sep 1, 2026 | In contract | - | |
| In contract | |||
| Jul 21, 2026 | Price Decreased |
$359,900
↓ $10K
(2.7%) | |
| Price Decreased | |||
| Jun 12, 2026 | Price Decreased |
$369,900
↓ $26K
(6.6%) | |
| Price Decreased | |||
| Apr 23, 2026 | Relisted | $395,900 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017