38648 FERM CIRCLE, ZEPHYRHILLS, FL, 33540
Active360 days on marketListed Jul 29, 2025MLS #TB8411852
About this home
38648 FERM CIRCLE
PRICE IMPROVED!! Fantastic Zephyrhills Location W/ NO HOA !!! NO CDD !!! This Concrete Block 3 Bedroom, 2 Bath, 1 Car Garage Home Has No Deed Restrictions. 2 Outdoor Sheds For Storage and Work Space !!! Lovingly Maintained and Ready For A New Family. NO CARPETING !! All New Laminate Flooring and Ceramic Tile... The Eat In Kitchen has Solid Wood Cabinets and Corian Countertops. Huge Living Room Has Soaring Ceilings and a Bonus Area W/ Sliders that Lead Out to the Amazing Screened in Back Patio. SPLIT FLOOR PLAN !!! The Spacious Master Bedroom Has a Large Walk in Closet and En Suite Bathroom W/ Separate Water Closet, and A Fantastic Walk in Shower. The Other 2 Bedrooms Share a Full Bathroom. The Fenced Yard and Rear Carport Offering Privacy and Parking For Your Boat and Toys. Located Near Restaurants, Shopping, and a 4 minute Drive to the Hospital. 1 hour to Disney, Beaches, Major Sports Complexes and TIA.
Facts & features
The home at a glance
3
Bedrooms
2
Bathrooms
1,409
Sqft
0.26 ac
Lot size
1
Garage
1985
Year built
Two
Levels
$226
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$2,245 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$2,245/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
+7.7%
$/sqft vs Zephyrhills actives
$226 vs $170
Days on market
360 vs 44 typical
Where $226/sqft sits among the 400 Zephyrhills actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
The investor lens
Two ways this home pays
This home sits inside Groves, a community zoned to allow true short-term rentals — so it can earn as a nightly rental or a traditional lease. Here’s how the two paths compare.
Short-term rental · projected
$34,322/yr gross
Projected nightly rate, occupancy and annual revenue for this exact home.
Long-term rental
$1,900/mo median
Live Zephyrhills rental listing data — this home’s rate depends on size, condition and furnishing.
The Florida short-term market
▼ Softening42%
Occupancy
▼ 29% yr/yr
$167
Avg nightly rate
▲ 14% yr/yr
$14K/yr
Revenue per listing
$75
RevPAR
31 days
Booking lead time
6.6 nights
Avg stay
5
Typical min nights
144
Active rentals
▲ 15% supply
Seasonality — monthly occupancy
Peaks at 57% in Mar · bottoms at 30% in Jun
Last 12 months of data, January–December, bars scaled to the seasonal peak. Market-wide averages across all home sizes in Florida — the projection above is specific to this home’s size.
Where it sits
Inside Groves
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Groves is a short-term-rental community. See the full guide →
Groves — neighborhood snapshot
Population
240
Median age
61
Median income
$65,637
Median home value
$200,900
Avg household
2
Households w/ children
10%
For the school run
Pasco County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Zephyrhills market
$310K → $350K
Zephyrhills median sold, yr/yr
97.2%
Sale-to-list ratio (12 mo)
202 of 400
Zephyrhills actives have cut their price
Median sold price, Zephyrhills, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 3% below the ZEPHYRHILLS 33540 median. See the full Zephyrhills market guide →
Paper trail
This home's history
Reality check
What actually sold near 38648 FERM CIRCLE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Aug ’25$257,000
38668 FERM CIRCLE · same community
3 bd · 1 ba · 1,307 sqft · $197/sqft · 39 DOM
Sold · Jul ’25$275,000
38684 FERM CIRCLE · same community
2 bd · 2 ba · 1,195 sqft · $230/sqft · 0 DOM
Sold · Dec ’25$260,000
38651 FERM CIRCLE · same community
3 bd · 2 ba · 1,647 sqft · $158/sqft · 71 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 38648 FERM CIRCLE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 38648 FERM CIRCLE — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
38648 FERM CIRCLE FAQs
What would the monthly payment be for 38648 FERM CIRCLE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $2,245/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 38648 FERM CIRCLE?+
The most recent tax bill on record (2024) was $786. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Can 38648 FERM CIRCLE be rented short-term?+
Yes — this home sits inside Groves, a community zoned to allow short-term rentals. Nightly-rental income could change the math on this purchase entirely; request a free rental income analysis and our team will prepare projections for this exact home.
How does the price compare to other homes in Zephyrhills?+
At $319,000, this home is listed about 3% above the Zephyrhills median of $309,000. The market section on this page shows how the area is trending.
Which schools are assigned to 38648 FERM CIRCLE?+
Zephyrhills High School (high), Woodland Elementary School (elementary), Centennial Middle School (middle) — Pasco County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Under the ZEPHYRHILLS 33540 market on paper
$319,000 is 3% below the ZEPHYRHILLS 33540 median of $330,000.
02Zoned for nightly rentals
Groves is one of the communities zoned to allow true short-term rentals — nightly income could change the math on this purchase entirely. Ask for the free rental analysis below.
03Time on market is leverage
360 days on market against a Zephyrhills median of 44 — sellers in this position are usually ready to negotiate.
04The price has already moved
Listed at $329,900, now $319,000 — a $11K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of COLDWELL BANKER REALTY · Trisa Ramey. MLS #TB8411852.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
Never miss a listing
New Zephyrhills homes, in your inbox
Like 38648 FERM CIRCLE but not quite? A daily digest of every new listing in Zephyrhills — straight from the MLS, hours after it goes live. Unsubscribe anytime.
Just watching this one home? Ask David to ping you on any price or status change →