604 Timber Bay Cir E, Oldsmar, FL 34677

Inviting Home in Oldsmar’s Timber Bay: A Value Opportunity in a Buyer-Friendly Market!

Asking Price: $264,990

Discover this appealing 2-bedroom, 2-bathroom single-family home located at 604 Timber Bay Cir E, Oldsmar, FL 34677. Built in 1983, this 1,274 sqft residence offers comfortable living in a desirable Pinellas County community, with an estimated refinance payment of $2,146/mo. Positioned in a market currently favoring buyers, this property presents a compelling option for those seeking a well-located home without the burden of HOA fees.

Key Features & Market Insights:

• Comfortable Living Space: At 1,274 sqft with 2 bedrooms and 2 bathrooms, this home offers a practical layout for various living situations, ideal for a small family, couple, or individual.
• No HOA Fees: This property is explicitly listed with “HOA: $0.00/mo” and “Association Fee Requirement: None.” This is a significant advantage, reducing ongoing monthly ownership costs and offering more flexibility for property use.
• Buyer’s Market in Oldsmar: The 34677 zip code (Oldsmar) is currently a Buyer’s Housing Market. This means there’s more inventory than demand, giving buyers a good degree of negotiation power.
  • While the median sold price for all homes in 34677 increased by 5.6% year-over-year to $396,000 in May 2025, 2-bedroom homes specifically saw a slight decrease of 1.8% year-over-year to $249,400.
  • This property’s asking price of $264,990 is slightly above the median for 2-bedroom homes, but its size and location in a desirable community may justify this.
  • Almost 60% of homes in Oldsmar sold below asking price last month, indicating strong negotiation opportunities for buyers.
  • Homes in Oldsmar had an average listing age of 56 days in May 2025, providing ample time for due diligence.
• Property Tax History: Public tax records for a nearby “604 Timber Bay Cir W” show 2024 taxes at $626 on an assessed value of $78,094. However, another source for a different property at “604 Bay Lake Trail, Oldsmar, FL 34677” shows a 2023 assessed value of $105,166. Given the current asking price of $264,990, the property will likely be reassessed much higher, leading to significantly higher annual property taxes after purchase. Buyers should factor this into their long-term budget.
• Solid 1983 Construction: Built in 1983, the home features typical construction for its era (likely concrete block and stucco, or wood frame with siding/stucco) and a shingle roof.
• Community Name: The property is located in the Timber Bay subdivision, which is part of the larger Shoreview Ph I area.

Oldsmar Location & Lifestyle:

• Desirable Pinellas County Community: Oldsmar is a well-regarded city in Pinellas County, known for its strategic location between Tampa and Clearwater, offering a blend of suburban tranquility and convenient access to major urban centers.
• High Safety Rating: Oldsmar is notably safe, ranked as the 8th safest city in Florida (2025 data). It has a very low crime rate (0.89 crimes per 1,000 people), significantly less than the national average. Residents generally feel “very safe” or “pretty safe,” with visible and responsive police presence. This is a major draw for families and individuals prioritizing safety.
• Excellent Schools (Pinellas County Schools): The property is assigned to Pinellas County Schools, which include well-rated options:
  • Oldsmar Elementary School (PK-5, 8/10 GreatSchools Rating, 1.5 mi) – A very strong elementary school rating.
  • Joseph L. Carwise Middle School (6-8, 6/10 GreatSchools Rating, 6.3 mi)
  • East Lake High School (PK, 9-12, 7/10 GreatSchools Rating, 7.9 mi) – Another strong high school rating.
• Parks and Recreation: Oldsmar offers numerous parks and recreational opportunities, including Philippe Park, John Chesnut Sr. Park, and Moccasin Lake Nature Park. The area is known for its green spaces.
• Convenient Location: Located at the top of Old Tampa Bay, Oldsmar provides easy access to local parks, shopping, dining, and major roadways, making commuting convenient. It’s close to Tampa and St. Petersburg.

Important Considerations:

• Condition: While the 1983 build date suggests a relatively modern home, buyers should always conduct a thorough inspection to assess the current condition of the property and its major systems (HVAC, plumbing, electrical, roof, etc.). Budget for potential updates or repairs.
• Flood Risk (Likely Zone AE): Oldsmar is adjacent to Tampa Bay and susceptible to both “coastal” and “inland” flooding. While specific flood zone data for 604 Timber Bay Cir E wasn’t directly found, other properties within Timber Bay Circle E (e.g., 502 Timber Bay Circle E and 619 Timber Bay Circle E) are listed in Flood Zone AE, which indicates a moderate to high flooding risk with mandatory flood insurance purchase requirements for federally-backed mortgages. It is absolutely critical for buyers to consult the official FEMA Flood Map Service Center (MSC) for 604 Timber Bay Cir E, Oldsmar, FL 34677, to confirm the exact flood zone designation. Flood insurance will be an ongoing expense.
• Climate Risks: Oldsmar, like much of Florida, faces an “Extreme” Heat Factor (projected to have many more days above 108°F by 2050) and an “Extreme” Wind Factor (extreme risk of severe winds over the next 30 years). Buyers should ensure their homeowner’s insurance adequately covers potential wind damage from tropical storms or hurricanes.

This home at 604 Timber Bay Cir E offers a compelling blend of affordability, comfortable living, and a prime location within a safe and well-regarded Oldsmar community. Its highly-rated schools and absence of HOA fees further enhance its appeal, making it an excellent opportunity for various types of buyers.

Priced at $264,990 – discover your new home in Oldsmar! Schedule your private showing today.