205 SOMERSET LANE, PALM HARBOR, FL, 34684
Active72 days on marketListed Jun 4, 2026MLS #TB8515153
About this home
205 SOMERSET LANE
Welcome to the Villas of Somerset Woods—your beautifully renovated 2-bed, 2.5-bath SANCTUARY tucked inside a quiet cul-de-sac community. This charming townhome with a covered carport offers the perfect blend of comfort, style, and convenience. Step inside to an open-concept first floor filled with natural light, featuring a spacious living area anchored by a cozy wood-burning fireplace. The fully updated kitchen shines with luxurious quartz countertops, modern cabinetry, premium stainless-steel appliances, and a breakfast bar ideal for casual dining. A convenient half bath and an oversized laundry room complete the main level. Upstairs, you’ll find two generously sized bedrooms, each with its own updated bathroom, including a primary suite with a private balcony—a peaceful spot to unwind. Enjoy exceptional storage with two exterior storage closets, one on each floor. Relax and recharge at the sparkling community pool, just steps from your front door. All of this in a prime Palm Harbor location minutes from beautiful beaches, parks, shopping, dining, and major airports. A rare opportunity to own a stylishly updated townhome in a serene, well-kept community—this one checks all the boxes. **Although this home is a townhome, it is located within a condo community and is not eligible for FHA/VA financing.**
Facts & features
The home at a glance
2
Bedrooms
2.5
Bathrooms
1,150
Sqft
0 ac
Lot size
1983
Year built
Two
Levels
$216
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.
$2,454 /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
$2,454/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
+6.2%
$/sqft vs Palm Harbor actives
$216 vs $261
Days on market
72 vs 49 typical
Where $216/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.
The investor lens
Two ways this home pays
This home sits inside Somerset, 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
Zoned & eligible
Projected nightly rate, occupancy and annual revenue for this exact home.
Long-term rental
$2,100/mo median
Live Palm Harbor rental listing data — this home’s rate depends on size, condition and furnishing.
Where it sits
Inside Somerset
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Somerset is a short-term-rental community. See the full guide →
PALM HARBOR 34684 — neighborhood snapshot
Population
26,926
Median age
55.9
Median income
$67,542
Median home value
$293,800
Avg household
2.07
Households w/ children
2,234
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
$420K → $445K
Palm Harbor median sold, yr/yr
96.4%
Sale-to-list ratio (12 mo)
230 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 1% below the PALM HARBOR 34684 median. See the full Palm Harbor market guide →
Paper trail
This home's history
Reality check
What actually sold near 205 SOMERSET LANE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jan ’26$195,000
413 SOMERSET LANE · same community
2 bd · 2.5 ba · 1,150 sqft · $170/sqft · 80 DOM
Sold · Jan ’26$102,000
203 RED MAPLE DRIVE
2 bd · 2 ba · 1,152 sqft · $89/sqft · 65 DOM
Sold · Apr ’26$188,000
105 PINEBARK DRIVE
2 bd · 2 ba · 1,116 sqft · $168/sqft · 34 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
Shawn Headley
Realtor · CENTURY 21 Edge
Tours, negotiation, and every question about 205 SOMERSET LANE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 205 SOMERSET LANE — before you fall in love.
See it in person
Schedule a tour
Live availability from Shawn's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
205 SOMERSET LANE FAQs
What would the monthly payment be for 205 SOMERSET LANE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $2,454/mo — principal and interest, the actual property-tax bill, the $475/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 205 SOMERSET LANE?+
The association fee works out to $475 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 205 SOMERSET LANE?+
The most recent tax bill on record (2025) was $2,996. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Can 205 SOMERSET LANE be rented short-term?+
Yes — this home sits inside Somerset, 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.
Are pets allowed at 205 SOMERSET LANE?+
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 $247,999, this home is listed about 34% below the Palm Harbor median of $375,990. The market section on this page shows how the area is trending.
Which schools are assigned to 205 SOMERSET LANE?+
Sutherland Elementary School (elementary), Tarpon Springs High School (high), Tarpon Springs 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
01Zoned for nightly rentals
Somerset 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.
02Strong assigned schools
Sutherland Elementary School, Tarpon Springs High School, Tarpon Springs Middle School — Sutherland Elementary School rates 5 of 5. Always verify assignments with the district.
03The price has already moved
Listed at $269,999, now $247,999 — a $22K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of SANCTUARY REAL ESTATE GROUP, LLC · Stephanie Bell. MLS #TB8515153.
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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