5515 SALEM SQUARE DRIVE S, PALM HARBOR, FL, 34685
Active54 days on marketListed Jun 10, 2026MLS #TB8517528
About this home
5515 SALEM SQUARE DRIVE S
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.
Facts & features
The home at a glance
2
Bedrooms
2
Bathrooms
1,659
Sqft
0.11 ac
Lot size
2
Garage
1991
Year built
One
Levels
$253
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 and the real association fee — not generic estimates.
$3,422 /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
$3,422/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
+5.1%
$/sqft vs Palm Harbor actives
$253 vs $261
Days on market
54 vs 42 typical
Where $253/sqft sits among the 400 Palm Harbor 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.
Where it sits
Inside Ridgemoor
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Palm Harbor. See the full Palm Harbor guide →
Ridgemoor — neighborhood snapshot
Population
2,300
Median age
56
Median income
$63,976
Median home value
$392,234
Avg household
2
Households w/ children
228
For the school run
Pinellas County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Palm Harbor market
$425K → $450K
Palm Harbor median sold, yr/yr
96.3%
Sale-to-list ratio (12 mo)
204 of 400
Palm Harbor actives have cut their price
Median sold price, Palm Harbor, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 21% above the PALM HARBOR 34685 median. See the full Palm Harbor market guide →
Paper trail
This home's history
Reality check
What actually sold near 5515 SALEM SQUARE DRIVE S
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jun ’26$366,500
4032 SALEM SQUARE COURT · same community
2 bd · 2 ba · 1,659 sqft · $221/sqft · 333 DOM
Sold · Jun ’26$345,000
5511 SALEM SQUARE DRIVE N · same community
3 bd · 2 ba · 1,659 sqft · $208/sqft · 283 DOM
Sold · Mar ’26$377,000
3815 MUIRFIELD COURT · same community
2 bd · 2 ba · 1,659 sqft · $227/sqft · 147 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 5515 SALEM SQUARE DRIVE S — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 5515 SALEM SQUARE DRIVE S — 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
5515 SALEM SQUARE DRIVE S FAQs
What would the monthly payment be for 5515 SALEM SQUARE DRIVE S?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $3,422/mo — principal and interest, the actual property-tax bill, the $460/mo association fee 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.
How much are the HOA fees at 5515 SALEM SQUARE DRIVE S?+
The association fee works out to $460 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 5515 SALEM SQUARE DRIVE S?+
The most recent tax bill on record (2025) was $1,723. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 5515 SALEM SQUARE DRIVE S?+
The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Palm Harbor?+
At $420,000, this home is listed about 12% above the Palm Harbor median of $375,000. The market section on this page shows how the area is trending.
Which schools are assigned to 5515 SALEM SQUARE DRIVE S?+
Cypress Woods Elementary School (elementary), East Lake High School (high), Joseph L. Carwise Middle School (middle) — Pinellas County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Positioned at the premium end
$420,000 runs 21% above the PALM HARBOR 34685 median.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Strong assigned schools
Cypress Woods Elementary School, East Lake High School, Joseph L. Carwise Middle School — Cypress Woods Elementary School rates 5 of 5. Always verify assignments with the district.
Keep looking
Similar homes nearby
Listing courtesy of RE/MAX ACTION FIRST OF FLORIDA · Archie Campbell, III. MLS #TB8517528.
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.
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