3/2 Flip in Tarpon Springs

This 3-bedroom, 2-bath home has 1,541 square feet on a 7,749-square-foot lot in Lake View Villas, along with a 160-square-foot screened porch, a 2020 roof, and a 2011 HVAC system. The interior has an older kitchen and dated bathrooms, while the screened porch, exterior surfaces, rear hardscape, and landscaping need attention too. The property is in FEMA Flood Zone X and will be vacant at closing.

Estimated Repairs Needed

• Update the kitchen with new cabinetry, counters, backsplash, sink, fixtures, appliances, and lighting.
• Renovate both bathrooms and repair or replace worn flooring and transitions as needed.
• Complete interior paint, drywall touch-up, trim, doors, hardware, lighting, and ceiling-fan updates.
• Repair and refresh the screened porch, including screens, enclosure surfaces, door, trim, and porch floor.
• Clean and paint exterior surfaces, address worn fascia, soffit, and trim, repair rear hardscape, and refresh the landscaping.
• Service the HVAC and verify normal operation during renovation.

Comparable Sales

1. 1448 Lakeview Dr — 0.11 mile away; 4/3; 2,320 square feet; sold November 2025 for $450,000; 7,593-square-foot lot; no pool; driveway with no garage. This fully renovated same-street sale had a new kitchen, updated bathrooms, new flooring, and refreshed systems. Its extra 779 square feet, bedroom, bathroom, and in-law suite require a substantial downward adjustment.
2. 275 S Highland Ave — 0.37 mile away; 3/2; 1,741 square feet; sold May 2026 for $425,000; 14,732-square-foot lot on a double-lot site; above-ground pool; 2-car garage. The home was updated and move-in ready. The above-ground pool was treated as having no meaningful contributory value. Its larger living area, double lot, garage, and newer construction were adjusted downward.
3. 1272 Jasmine Lake Dr — 0.82 mile away; 3/2; 1,619 square feet; sold June 2026 for $490,000; 6,294-square-foot lot; screened in-ground pool; 2-car garage. This renovated home had a 2024 kitchen, newer systems, solar panels, and a gated HOA setting. Its pool, garage, newer construction, and community differences were adjusted downward.
4. 738 N Lake Blvd — 0.91 mile away; 3/2; 1,746 square feet; sold June 2026 for $487,500; 7,562-square-foot lot; screened saltwater pool; 2-car garage. This updated home had a renovated kitchen and primary bathroom, impact openings, and a gated HOA setting. Its larger living area, pool, garage, and newer construction were adjusted downward.

ARV & Rental Analysis

Estimated ARV: $380,000 to $399,000 +/-

Estimated Rent: $2,300 to $2,500 per month +/-