5515 Salem Square Dr S, photo 1
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Overview

2 bd2 ba1,659 sqft2 car garageVilla
TypeVilla
HOA$460/mo
Built1991
Lot4,853 sqft
Living area1,659 sqft
Price / sqft$253
Garage2 car

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

Ceiling Fans(s)Eat-in KitchenHigh CeilingsLiving Room/Dining Room ComboSplit BedroomWalk-in Closet(s)Window TreatmentsBasketball Court

5515 Salem Square Dr S is a 1991-built home in Salem Square, Palm Harbor. Inside you'll find 2 bedrooms, 2 bathrooms, and 1,659 square feet of living space. Listed at $420,000 (about $253/sqft), 123 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable. HOA runs $460 monthly.

From the listing

Enjoy perfect blend of comfort and convenience in this meticulously maintained 2-bedroom + den, 2-bathroom, 1659 square foot villa with a 2-car garage, located in the highly sought-after Salem Square subdivision of Ridgemoor in the East Lake corridor. This home features an expanded kitchen with ample counter space, custom backsplash designed for both style and function, complete with newer stainless-steel appliances, convection oven, corian countertops, wood cabinets with pull outs, center island with storage perfect for the chef in the family. Enjoy your meals in the spacious dining room and extend your living space outdoors to the centrally located atrium that fills the home with natural light, creating a warm and inviting space. The split-bedroom floor plan offers privacy, with upgraded en-suite primary bedroom w/sliders overlooking the serene pond serving as a relaxing retreat with a large spacious walk-in closet w/built California closet shelving. The primary bath features upgraded cabinets, dual marble sinks, soaker tub & separate shower. Additional features include a large screened in pavered patio, perfect for entertaining family & friends and watching the wildlife on the peaceful pond. Engineered hard wood floors in the huge family room/living room, 23 x23 custom tile in the entrance and on into the kitchen, a den with laminate floors could easily be turned into a 3rd bedroom. The spacious guest suite with laminate floors and ample closet space is located to the front of the villa. Guest bath is nicely appointed with tub & shower, upgraded cabinets, lighting, corian sink & fixtures. Located in a maintenance-free community, you’ll enjoy the benefits of carefree living in the highly desirable Salem Square neighborhood, complete with proximity to shopping, and dining. Salem Square is a gated community, offering a prime location for outdoor activities including the Pinellas Trail and a short distance to John Chesnut Park with boat launch for access to Lake Tarpon. Enjoy the sparkling community pool just seconds away, playground, basketball and tennis courts and plenty of sidewalks for your Florida sunshine enjoyment. Minutes to the best beaches in America.

The essentials

Built
1991
Price / sqft
$253
On market
123 days
Annual tax
$1,723
HOA
$460/mo
Flood zone
X · Low risk
Lot
4,853 sqft
Type
Villa

At a glance

Villa
Built 1991
Waterfront
Pond
Community pool
Shared amenity
2 car garage
Driveway
4,853 sqft lot
Lot size

Payment

Est. monthly payment
$3,004/mo
Down payment (20%)
$84,000
Property taxes
$144/mo
HOA
$460/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Villa
Year Built
1991
Lot
4,853 sqft
Cooling
Central Air
Heating
Central
Parking
Driveway, Garage Door Opener, Guest
Waterfront
Pond
Days on Market
123
Ceiling Fans(s)
Eat-in Kitchen
High Ceilings
Living Room/Dining Room Combo
Split Bedroom
Walk-in Closet(s)
Window Treatments
Basketball Court
Playground
Sidewalk
Sliding Doors
Tennis Court(s)
Deed Restrictions
Gated Community - No Guard
Park
Pool
Sidewalks
Street Lights
Cooktop
Dishwasher
Electric Water Heater
Microwave
Range
Refrigerator
Homestead exemption on file Flood Zone X
Annual Tax (2025)
$1,723
Parcel #
26-27-16-78470-000-0850

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Salem Square
County
Pinellas
MLS Area
34685 - Palm Harbor
Lot Size
4,853 sqft
In CountyLandscapedSidewalkPaved
HOA
$460/mo
Salem Square HOA/Melrose Management

Price history

Date
Event
Price
6/10/2026
Listed for sale
Source: Stellar MLS #TB8517528
$420,000
$253/sqft

Neighborhood

5515 Salem Square Dr S
Palm Harbor, FL, 34685 · 34685 - Palm Harbor

Market insights

Offer Insights

Choose an offer strength

List price: $420,000
$407,500 – $420,000
97.2% – 100% of listTops out right at the list price
80% of listList price
12 of the last 23 townhouse or villa closings in 34685 landed at this number or higher (52%). The median one sat 60 days before it went under contract, and this one is on day 123.

Sample: 23 closed townhouse or villa sales in 34685 over the last 8 months, Stellar MLS. A small sample in a thin market. A starting point, not a guarantee.

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Calculator

Est. monthly payment
$3,004/mo
Principal & interest$2,190
Property taxes$144
Insurance$210
HOA$460
Down payment20% · $84,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. HOA is the fee reported on the listing. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$420,000

$253 per sq ft

Beds and baths

2 beds, 2 baths

Size

1,659 sq ft

Time on market

123 days

Year built

1991

Monthly payment

About $3,004/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $1,723 annual tax bill, insurance, and the $460/mo HOA fee.

HOA fee

$460/mo

Managed by Salem Square HOA/Melrose Management.

Flood zone

Zone X

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Offer

What should I offer?

Have another question?

Brokered byRE/MAX ACTION FIRST OF FLORIDAListing agent: Archie Campbell, IIIListing data from Stellar MLS, MLS# TB8517528.

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