3147 E Dorchester Dr
28.0 · Below Average
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3147 E Dorchester Dr

Palm Harbor · Pinellas County · FL 34684

single-family days on market

Property Details

List Price$335,000
Bedrooms2
Bathrooms2
Living Area1,698 sqft
Lot Size8,276 sqft
Year Built1980
Listed2026-05-03

Investment Estimate

Est. Monthly Rent$2,848/mo
Est. Cap Rate10.20%
Gross Rent Multiplier9.8

Description

Under contract-accepting backup offers. Opportunity meets location in this spacious 2-bedroom, 2-bath split-plan home offering 1698 sq ft in the highly desirable community of HIGHLAND LAKES ON LAKE TARPON. Situated on a great street, this solid concrete block home is in a non-flood, non-evacuation zone-an increasingly valuable feature for peace of mind. Inside, the home offers a functional layout with generously sized living areas and bedrooms, and is ready for your personal touch. Although it needs some updating, a recent 4-point inspection states the roof has 4/5 years of life left, the electrical panel is believed to be a Sylvania, and the 2012 AC Blows Ice Cold. The baths and kitchen are waiting for their makeovers to make them shine again. The luma dome ceiling in the kitchen has been recently removed and replaced with recessed lighting, which has brightened up the kitchen. The primary bedroom has 4 CLOSETS! One closet is a HUGE walk-in, which is big enough for the biggest clothes horse! The other 3 closets could be used to create the bathroom of your dreams! The original windows have been replaced with white double-pane windows with exterior hurricane pull-down shutters. There's a backyard patio with an awning - perfect for relaxing. The 2 Car Garage provides ample storage and convenience. With great bones, a prime location, and access to the vibrant Highland Lakes lifestyle, this home is a rare chance to create value and make it your own. Highland Lakes offers FREE golf on 3 Community Owned Executive Golf Courses, FREE RV/Boat storage, Pontoon boat cruises on the Lake, 2 heated community pools, PICKLEBALL, TENNIS, Shuffleboard, Bocce, a Club for EVERYTHING, and SO Much More. Close to Beaches, International Airports, shopping, and Florida Fun!

Source: realtor.com · ID: pinellas-realtor-6468137453 · Last seen: 5/3/2026

Score Breakdown

Composite score:28.0/ 100

Each factor is normalized 0–100 within its county (percentile rank). Contributions show how many points each factor added to the composite score.

Cap Rate(weight 35%)
30.0contributes +10.5 pts

Estimated annual rent yield relative to list price, normalized within county.

Population Growth(weight 20%)
50.0contributes +10.0 pts

Zip-level YoY population growth from Census ACS estimates.

Employment Growth(weight 15%)
50.0contributes +7.5 pts

Metro-level employment and wage growth from BLS QCEW data.

Price Trend(weight 15%)
0.0contributes +0.0 pts

Zip-level YoY median sale price change from Redfin Data Center.

Flood Penalty(weight 15%)
0.0contributes +0.0 pts

FEMA NFHL flood zone severity. Lower is better (0 = no risk, 100 = high risk).

Sub-scores reflect data available at scoring time. Market, demographic, and employment data cached up to 30 days — see footer for freshness.