$250,000
SOLD FEB 24, 2025

506 Driftwood Dr E Palm Harbor, FL 34683

3 Beds
1.5 Baths
1,066 Sq Ft
7,762 Sq Ft Lot

Recently Sold

$235 Per Sq Ft

23% Below List Price

89 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • Family Room Off Kitchen
  • Sunset Hills Elementary School Rated A-
  • No HOA
  • Crown Molding

About This Home

As of February 2025

Check out this three-bedroom, one-and-a-half bathroom home in Palm Harbor that is situated on a LARGE CORNER LOT with room to CREATE THE HOME OF YOUR DREAMS! The LOWEST PRICED HOME in a neighborhood with DIRECT GULF ACCESS, and NO HOA. The home features a nice layout with an open floor plan and an open kitchen. There is crown molding throughout and ceiling fans to keep the home cool on warm Florida days. The living and dining combo creates an ideal space for entertaining. Step outside to the patio, perfect for grilling and enjoying the Florida weather. The home’s corner lot provides plenty of space, with ample room for a pool to create your own backyard oasis. For convenience, there is covered carport parking with easy access to the home. The location is unbeatable, nestled between the historic Tarpon Springs Sponge Docks and vibrant Downtown Palm Harbor, both known for their fantastic food and boutique shopping. You’re also just minutes from Wall Springs Park, a local favorite for nature walks and scenic views, as well as Gulf beaches, shopping centers, and entertainment. This property offers an exceptional opportunity to live in one of the most sought-after areas of Palm Harbor in a home you can make your own. With a little vision, some TLC, and attention to some flooding concerns, this home could be transformed into your perfect Florida retreat.

Last Agent to Sell the Property

Jeffrey Borham

EXP REALTY LLC License #3115528 Listed on: 11/14/2024

EXP REALTY LLC

Last Buyer's Agent

Jamie Jackson

ROBERT SLACK LLC License #3401798

ROBERT SLACK LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $753

Year Built

  • Built in 1959

Lot Details

  • 7,762 Sq Ft Lot
  • East Facing Home
  • Property is zoned R-3

Home Design

  • Slab Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,066 Sq Ft Home
  • Open Floorplan
  • Crown Molding
  • Ceiling Fan
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Microwave

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • 1 Carport Space
  • Driveway

Outdoor Features

  • Exterior Lighting
  • Rain Gutters
  • Private Mailbox

Schools

  • Sunset Hills Elementary School
  • Tarpon Springs Middle School
  • Tarpon Springs High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Baywood Village Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$753

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Stucco
  • Fireplace: No
  • Living Area: 1066
  • Lot Size Acres: 0.18
  • New Construction: No
  • Year Built: 1959
  • Building Area Total: 1542
  • Lot Size Sq Ft: 7762
  • Status: Sold
  • Street Post Direction: E
  • Ownership: Fee Simple
  • Building Area Total Srch Sq M: 143.26
  • Escrow City: Palm Harbor
  • Escrow State: FL
  • Escrow Street Name: US-19 ALT, Ste B
  • RATIO Current Price By Calculate: 234.52
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 0
  • MFR_InLawSuiteYN: 0
  • Tax Year: 2023
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile, Wood
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Crown Molding, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan
  • Appliances Included: Microwave
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Living Area Meters: 99.03

Exterior Features

  • Direction Faces: East
  • Exterior Features: Lighting, Private Mailbox, Rain Gutters
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Paved
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Panel: 12103C0057H

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Garage Yn: No
  • Parking Features: Driveway

Utilities

  • Utilities: Cable Connected, Electricity Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: None
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

  • Elementary School: Sunset Hills Elementary-PN
  • High School: Tarpon Springs High-PN
  • Middle Or Junior School: Tarpon Springs Middle-PN

Lot Info

  • Zoning: R-3
  • Parcel Number: 23-27-15-05814-000-0510
  • Additional Parcels: No
  • Flood Zone Code: AE

Tax Info

  • Tax Annual Amount: 753
  • Tax Block: 00
  • Tax Book Number: 47-4
  • Tax Lot: 51

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2024
Closed on
Feb 24, 2025
Sold by
Drosos Phillip G and Drosos Philip G
Bought by
Fossum Mary and Fossum Jerry
Seller's Agent
Jeffrey Borham
EXP REALTY LLC
Buyer's Agent
Jamie Jackson
ROBERT SLACK LLC
List Price
$325,000
Sold Price
$250,000
Premium/Discount to List
-$75,000
-23.08%
Views
66
Current Estimated Value
$290,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,000
Avg. Annual Appreciation
19.84%

Purchase Details

Closed on
Jun 10, 2002
Sold by
Drosos Phillip G
Bought by
Drosos Philip G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
6.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 2, 1998
Sold by
Prosser William L
Bought by
Drosos Phillip G and Drosos Bernard C

Purchase Details

Closed on
May 20, 1998
Sold by
Jones Kenneth F and Jones Tamara E
Bought by
Advo Inc

Purchase Details

Closed on
Oct 25, 1995
Sold by
Jan A Kirkwood Tr
Bought by
Jones Kenneth F and Jones Tamara E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $250,000 Elevated Title
Quit Claim Deed $17,300 --
Warranty Deed $53,600 --
Deed $44,900 --
Quit Claim Deed $66,500 --
Warranty Deed $53,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $92,200 New Conventional
Previous Owner $64,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2025 02/24/25 Sold $250,000 -16.6% $235 / Sq Ft
02/11/2025 02/11/25 Pending -- -- --
12/03/2024 12/03/24 Price Changed $299,900 -7.7% $281 / Sq Ft
11/14/2024 11/14/24 For Sale $325,000 -- $305 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $782 $65,071 -- --
2024 $753 $80,801 -- --
2023 $753 $78,448 $0 $0
2022 $712 $76,163 $0 $0
2021 $712 $73,945 $0 $0
2020 $715 $72,924 $0 $0
2019 $713 $71,284 $0 $0
2018 $711 $69,955 $0 $0
2017 $714 $68,516 $0 $0
2016 $716 $67,107 $0 $0
2015 $733 $66,641 $0 $0
2014 $733 $66,112 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: TB8316883

Stellar MLS

APN: 23-27-15-05814-000-0510