3165 PHLOX DRIVE PALM HARBOR FL 34684 MLS #TB8517639 | Gary Kusher | Florida Real Estate

Under contract-accepting backup offers. Calling All Investors, Flippers & DIY Enthusiasts — Value-Add Opportunity in Palm Harbor’s Cloverplace
$199,999 | 855 Sq Ft | 2 Bed / 1 Bath | HOA Only $230/Month
This villa-style home in the highly sought-after Cloverplace community is a rare find for anyone looking to build equity through renovation. Compact and efficient, this is an ideal scale for a first flip, a manageable DIY project, or a low-maintenance rental — with good bones, a smart layout, and a location that already commands strong demand.
Why This Deal Works:

Priced to leave room for renovation budget — at $199,999, this is one of the most accessible entry points into Cloverplace, leaving equity room to invest in updates and still land below comparable renovated homes in the area
Right-sized for a fast turnaround — 855 sq ft keeps renovation costs and timelines manageable, ideal for a first-time flipper or a weekend-warrior DIY project
Just $230/month HOA — covers water, sewer, trash, and exterior/community maintenance, keeping your carrying costs low during renovation and your margins protected after
Land ownership — no lot-lease traps eating into your returns
Investor-friendly community — no restrictive rental caps working against your exit strategy
Only one shared wall — near-single-family feel and privacy, which commands a premium with buyers and tenants alike
Private fenced backyard — instant value-add potential for outdoor living space, a huge draw for resale or rental.

The Upside:
The layout offers real flexibility for a renovation plan: the primary suite connects via sliding glass doors to a bonus room ideal for staging as a home office, den, or fitness space — a feature today’s buyers pay extra for, and one that helps this 2-bed unit feel bigger than its footprint. Open living/dining flow gives you a blank canvas for a full kitchen and interior refresh without major structural work.
The Numbers Story:
Cloverplace homes are known for strong desirability and affordability in the Palm Harbor market, close to shopping, dining, and a short drive to Gulf beaches — all things that support strong resale value or rental demand once updates are complete. With a low entry price, low HOA, and a compact footprint, this deal keeps your total investment (purchase + renovation) well-positioned against post-renovation comps. Whether your plan is fix-and-flip, buy-and-hold rental, or a live-in renovation, the fundamentals here — location, land ownership, low carrying costs — do a lot of the heavy lifting for your business plan.
This is the kind of project that doesn’t sit on the market long. Schedule your showing today and run your numbers on Cloverplace best value opportunity.