5565 Salem Square Dr N, photo 1
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Overview

2 bd2 ba1,445 sqft2 car garageVilla
TypeVilla
HOA$460/mo
Built1988
Lot4,643 sqft
Living area1,445 sqft
Price / sqft$225
Garage2 car

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

About this home

Cathedral Ceiling(s)Ceiling Fans(s)Open FloorplanSplit BedroomWalk-in Closet(s)SidewalkDeed RestrictionsGated Community - No Guard

5565 Salem Square Dr N is a 1988-built home in Salem Square, Palm Harbor. Inside you'll find 2 bedrooms, 2 bathrooms, and 1,445 square feet of living space. Listed at $325,000 (about $225/sqft), 92 days on market. Flood zone Aexemp - confirm flood insurance requirements with your lender. HOA runs $460 monthly.

From the listing

Virtually Staged. Welcome to this beautifully updated former model villa featuring 2 bedrooms, 2 bathrooms, and a spacious 2-car garage, all perfectly positioned to capture tranquil pond views. Designed for comfortable Florida living, this exceptional home offers an extended lanai and deck where you can relax or entertain while enjoying the peaceful waterfront setting. Inside, you'll find a thoughtfully updated interior with a modernized kitchen and refreshed bathroom vanities, complemented by fresh interior paint and brand-new carpeting installed in June 2026. The inviting courtyard, conveniently accessed from the kitchen, flows seamlessly into the front yard, creating the perfect space for morning coffee, outdoor dining, or evening gatherings. Additional conveniences include an inside laundry room complete with a utility sink, cabinets and shelves for extra storage and washer, and dryer. Major updates provide added peace of mind, including a brand-new 3-ton HVAC heat pump installed in April 2026 with a transferable 10-year parts and labor warranty, as well as new ductwork and updated plumbing throughout the home. Located directly across from the community's sparkling heated pool and cabana, this maintenance-free residence offers carefree living in the highly desirable gated community of Salem Square. Residents enjoy easy access to East Lake's top-rated schools, shopping, dining, and abundant outdoor recreation. The nearby Pinellas Trail and John Chesnut Park, with its boat launch providing access to Lake Tarpon, are just minutes away. The Ridgemoor Master Association also features a playground, basketball, tennis and pickleball courts. Miles of sidewalks for walking and to enhanced outdoor activities. This move-in-ready villa combines modern updates, low-maintenance living, and an unbeatable location with scenic water views. Schedule your private showing today and discover everything this exceptional home has to offer. There is a new Hometown Heroes Down Payment Assistance program available for 2026. See if you qualify before it runs out. Due to angled walls, room measurements are approximate and should be independently verified by the buyer or the buyer's representative

The essentials

Built
1988
Price / sqft
$225
On market
92 days
Annual tax
$2,857
HOA
$460/mo
Flood zone
AEXEMP
Lot
4,643 sqft
Type
Villa

At a glance

Villa
Built 1988
Community pool
Shared amenity
2 car garage
4,643 sqft lot
Lot size
1,445 sqft
Living area

Payment

Est. monthly payment
$2,556/mo
Down payment (20%)
$65,000
Property taxes
$238/mo
HOA
$460/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Villa
Year Built
1988
Lot
4,643 sqft
Cooling
Central Air
Heating
Central, Electric
Parking
-
Days on Market
92
Cathedral Ceiling(s)
Ceiling Fans(s)
Open Floorplan
Split Bedroom
Walk-in Closet(s)
Sidewalk
Deed Restrictions
Gated Community - No Guard
Pool
Sidewalks
Dishwasher
Dryer
Microwave
Range
Refrigerator
Washer
Elementary
Cypress Woods Elementary-PN
Middle
Carwise Middle-PN
High
East Lake High-PN

Districts can re-zone, so verify directly with the district before relying on these.

Homestead exemption on file Flood Zone Aexemp
Annual Tax (2024)
$2,857
Parcel #
26-27-16-78470-000-0620

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
4,643 sqft
In CountySidewalkPrivate
HOA
$460/mo
Melrose Management

Price history

Date
Event
Price
9/19/2026
Price change
Source: Stellar MLS #TB8524190
$325,000-3.0%
$225/sqft
7/11/2026
Listed for sale
Source: Stellar MLS #TB8524190
$335,000
$232/sqft

Neighborhood

5565 Salem Square Dr N
Palm Harbor, FL, 34685 · 34685 - Palm Harbor

Market insights

Offer Insights

Choose an offer strength

List price: $325,000
$315,000 – $325,000
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 92 after a $10,000 cut.

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
$2,556/mo
Principal & interest$1,695
Property taxes$238
Insurance$163
HOA$460
Down payment20% · $65,000
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

$325,000

$225 per sq ft

Beds and baths

2 beds, 2 baths

Size

1,445 sq ft

Time on market

92 days

Year built

1988

Monthly payment

About $2,556/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $2,857 annual tax bill, insurance, and the $460/mo HOA fee.

HOA fee

$460/mo

Managed by Melrose Management.

Flood zone

Zone AEXEMP

That is a high-risk designation, so a lender will normally require flood insurance. Confirm the current rate before you write an offer.

Offer

What should I offer?

Have another question?

Brokered byRE/MAX REALTEC GROUP INCListing agent: Odette GodinListing data from Stellar MLS, MLS# TB8524190.

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