2459 Columbia Dr #67 · Clearwater, FL 33763

$119,995

1 bd · 1.0 ba · 825 sqft · Condo public records · 31 Days on market

Built 1971 $521/mo HOA · 34% of rent

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +10.6/30.0
• 1% rule +7.7/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• DSCR +3.1/10.0
• Condition / age +2.5/5.0
• Rent growth +1.8/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

MUST SEE THIS BEAUTIFUL 1 BEDROOM/1 BATHROOM CONDO IN ON TOP OF THE WORLD! ENJOY SITTING AT THE BAR IN THE UPDATED OPEN KITCHEN WITH GRANITE COUNTERTOPS! CLEAN AND BRIGHT! YOU WILL LOVE THE BEDROOM SUITE WITH ATTACHED ROOM FOR SITTING/TV ROOM OR OFFICE! LAMINATE FLOORING THROUGHOUT! THIS CONDO WILL NOT LAST! PRICE TO SELL!

Key facts

• No carpet anywhere
• Corian countertops
• Built-in shelves

Tags

• IMPACT RESISTANT WINDOWS
• IMPACT RESISTANT FRONT DOOR
• NO CARPET ANYWHERE
• CORIAN COUNTERTOPS
• UPDATED SHOWER
• BUILT-IN SHELVES

Property features AI

Finance

• Other: Orientation Department Clearwater is the association name; Unit is unfurnished; Third party listing; Directions: From Sunset Point Rd turn North onto World Parkway Blvd. Continue North to Columbia Dr. Turn Right (East) on Columbia. Building 17 is the last building on the right.
• Financial info: Monthly condo/association fee: $521; Total annual association fees: $6,252; Lease restrictions apply
• HOA & community: Monthly condo/association fee required (includes cable TV, pool, internet, structure and grounds maintenance, management, private road, recreational facilities, sewer, trash, water); Association provides gated entry, laundry, maintenance; Association approval required; Association fee paid monthly; Community amenities: fitness center, golf, pool, tennis courts, sidewalks, street lights, irrigation with reclaimed water; association recreation may allow lease; Pets allowed

Exterior

• Parking: Assigned parking
• Utilities: Public water; Private sewer; Cable available; Electricity connected; Fire hydrant nearby; Phone available; Sewer connected; Recycled sprinkler system; Underground utilities
• Home design: Condominium; Residential property; 3-story building, unit on third floor; Faces east; One level unit; Slab foundation
• Construction: Block construction; Membrane roof
• Exterior features: Sidewalk

Interior

• Kitchen: Dishwasher; Disposal; Range; Refrigerator; Electric water heater
• Bedrooms: 1 bedroom
• Flooring: Ceramic tile; Other
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Building has elevator
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $120k.

Deal economics

• At list price, monthly cash flow is $-58 ($-700/yr) — negative.
• To cash-flow at today's rent, offer at most $110k (8.6% below list).
• Meets the 1% rule at list price ($2k rent vs $120k).
• Recommended offer: $110k (8.6% below list) — sets the bar for cash-flow.
• Cap rate 5.7% vs local median 2.9% in Clearwater — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 82/100 on livability (#60 in FL, #988 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+; Watch: employment C-.
• Pinellas (suburban): math 51% / reading 51% proficiency, ranked #31 of 73 in FL (top 42%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Mcmullen-Booth Elementary School (math 44% / reading 46%, grade D-, #1,271 of 2,144 statewide, top 60%, 458 students, 63% FRL); Safety Harbor Middle School (math 45% / reading 43%, grade D, #327 of 571 statewide, top 57%, 974 students, 50% FRL); Countryside High School (math 25% / reading 45%, grade F, #379 of 667 statewide, top 58%, 1,741 students, 44% FRL) — zoned schools at 52% FRL track the district average.
• Market conditions: Rents soft (-2.6%/yr); 293 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• This rent runs 33% of the median local income ($55k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $829 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Pinellas County population projected at +14% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 31 days — a 3% lower offer ($116k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 6y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $80k; 50% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 34% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $109,690 (8.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 31 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
3. Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.27% ✓
• Cap rate: 5.71%
• Cash-on-cash: -2.08%
• DSCR: 0.91
• GRM: 6.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -24.9%
• Equity multiple: 0.19×
• Total profit: $-27,349
• Equity at exit: $17,892

10-year hold

• IRR: -46.8%
• Equity multiple: -0.33×
• Total profit: $-44,731
• Equity at exit: $10,375

Cash invested: $33,599 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 33763

• Rents YoY: -2.6%
• Active inventory: 293
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $1,529 high
• Mortgage (P&I): −$629
• Tax from tax record: −$66 /mo · $792/yr
• Insurance: −$50
• HOA: −$521
• Vacancy / Maint / Mgmt: −$321
• Net cashflow: $-58

Break-even live

Break-even rent $1,603

Max offer price $109,690

Occupancy floor 99%

Sensitivity live

Price	-10% $10	-5% $-24	+0% $-58	+5% $-92	+10% $-126
Rent	-10% $-179	-5% $-119	+0% $-58	+5% $2	+10% $62
Rate	-1.0pp $2	-0.5pp $-28	base $-58	+0.5pp $-89	+1.0pp $-121

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $29,999
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2458 Columbia Dr #64 Clearwater, FL	1.0	1.0	825	$1,275	$1.55	26d	1	0.06mi
2448 Columbia Dr #72 Clearwater, FL	2.0	2.0	1100	$1,600	$1.45	25d	1	0.11mi
2451 Canadian Way Clearwater, FL	2.0	1.0–2.0	1250	$1,598	$1.28	9d	2	0.13mi
24862 US Highway 19 N #3202 Clearwater, FL	1.0	1.0	600	$1,295	$2.16	5d	1	0.13mi
2466 Ecuadorian Way #32 Clearwater, FL	2.0	2.0	1100	$1,600	$1.45	26d	1	0.13mi
2428 Columbia Dr #68 Clearwater, FL	2.0	2.0	1100	$1,750	$1.59	5d	1	0.16mi
2456 Ecuadorian Way #42 Clearwater, FL	2.0	2.0	1100	$1,700	$1.55	6d	1	0.17mi
2455 Finlandia Ln #67 Clearwater, FL	2.0	2.0	1100	$1,495	$1.36	13d	1	0.17mi
2429 Ecuadorian Way #65 Clearwater, FL	2.0	2.0	1100	$1,600	$1.45	6d	1	0.17mi
2463 Brazilia Dr #61 Clearwater, FL	2.0	1.0	1100	$1,450	$1.32	26d	1	0.18mi
2464 Australia Way E #24 Clearwater, FL	2.0	2.0	1100	$1,600	$1.45	26d	1	0.19mi
2464 Australia Way E #72 Clearwater, FL	1.0	1.0	1100	$1,295	$1.18	0d	1	0.19mi
24862 U.S. 19 Unit 3202 1 Clearwater, FL	1.0	1.0	640	$1,295	$2.02	25d	1	0.19mi
2433 Brazilia Dr #49 Clearwater, FL	2.0	2.0	1100	$1,750	$1.59	26d	1	0.24mi
2071 Australia Way W #29 Clearwater, FL	2.0	2.0	1100	$1,525	$1.39	26d	1	0.33mi
2358 Ecuadorian Way #56 Clearwater, FL	2.0	2.0	1100	$1,500	$1.36	4d	1	0.38mi
2359 Finlandia Ln Clearwater, FL	2.0	2.0–20.0	1100	$1,400	$1.27	19d	2	0.38mi
2042 Australia Way W Clearwater, FL	1.0	1.0	825	$1,350	$1.64	12d	1	0.38mi
2400 Franciscan Dr #44 Clearwater, FL	1.0	1.0	735	$1,200	$1.63	26d	1	0.44mi
25350 US Highway 19 N Clearwater, FL	3.0	1.0–2.0	875	$1,466	$1.68	0d	34	0.45mi
2310 Denmark St Clearwater, FL	2.0	2.0	1100	$1,550	$1.41	0d	1	0.46mi
2311 Brisbane St #65 Clearwater, FL	2.0	2.0	1100	$1,700	$1.55	14d	1	0.46mi
2331 Finlandia Ln #53 Clearwater, FL	1.0	1.0	825	$1,345	$1.63	4d	1	0.47mi
2031 Glass Loop Clearwater, FL	1.0–3.0	1.0–2.0	1058	$1,798	$1.70	0d	37	0.51mi
2287 Philippine Dr #29 Clearwater, FL	2.0	2.0	1070	$1,550	$1.45	9d	1	0.56mi
2287 Philippine Dr #29 Clearwater, FL	2.0	2.0	1070	$1,550	$1.45	4d	1	0.56mi
2284 Philippine Dr #59 Clearwater, FL	2.0	2.0	1100	$1,795	$1.63	23d	1	0.57mi
2460 Persian Dr #44 Clearwater, FL	2.0	2.0	1100	$1,800	$1.64	6d	1	0.60mi
2363 Israeli Dr #67 Clearwater, FL	2.0	2.0	1100	$1,600	$1.45	26d	1	0.62mi
2262 Swedish Dr #10 Clearwater, FL	2.0	2.0	1115	$2,000	$1.79	26d	1	0.73mi
2386 Sumatran Way #14 Clearwater, FL	2.0	2.0	1100	$1,600	$1.45	19d	1	0.76mi
2550 Stag Run Blvd Clearwater, FL	1.0–3.0	1.0–2.0	1189	$1,455	$1.22	3d	19	0.80mi
1730 Audrey Dr Unit 2 Clearwater, FL	1.0	1.0	700	$2,100	$3.00	26d	1	0.99mi
2599 Countryside Blvd #210 Clearwater, FL	1.0	1.0	575	$1,400	$2.43	4d	1	1.00mi
2597 Countryside Blvd #209 Clearwater, FL	1.0	1.0	575	$1,500	$2.61	5d	1	1.05mi
2690 Enterprise Rd E Clearwater, FL	1.0–2.0	1.0–2.0	1051	$1,548	$1.47	0d	11	1.12mi
2524 Alexander Pl Clearwater, FL	1.0–2.0	1.0–2.0	948	$1,685	$1.78	0d	20	1.16mi
2625 Florida 590 Unit 1414 Clearwater, FL	1.0	1.0	600	$1,300	$2.17	26d	1	1.18mi
2583 Countryside Blvd #3103 Clearwater, FL	1.0	1.0	555	$1,400	$2.52	26d	1	1.25mi
2037 Sunset Grove Ln Clearwater, FL	2.0	2.0	935	$1,750	$1.87	26d	1	1.26mi

HOA detail condo

• Monthly dues: $521 · $6,252/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 21 events

1. 2026-06-22
   days on market $119,995 Active 31 DOM
2. 2026-06-18
   days on market $119,995 Active 28 DOM
3. 2026-06-17
   days on market $119,995 Active 27 DOM
4. 2026-06-16
   days on market $119,995 Active 26 DOM
5. 2026-06-15
   days on market $119,995 Active 25 DOM
6. 2026-06-13
   days on market $119,995 Active 23 DOM
7. 2026-06-09
   days on market $119,995 Active 19 DOM
8. 2026-06-08
   days on market $119,995 Active 18 DOM
9. 2026-06-07
   days on market $119,995 Active 17 DOM
10. 2026-06-04
    days on market $119,995 Active 14 DOM
11. 2026-06-03
    days on market $119,995 Active 13 DOM
12. 2026-06-02
    days on market $119,995 Active 12 DOM
13. 2026-06-01
    days on market $119,995 Active 11 DOM
14. 2026-05-31
    days on market $119,995 Active 10 DOM
15. 2026-05-21
    listed $119,995 Active
16. 2020-11-16
    soldstatus $80,000
17. 2020-11-12
    soldstatus $80,000 Sold 330-char remark

    Show marketing remark (330 chars)

    MUST SEE THIS BEAUTIFUL 1 BEDROOM/1 BATHROOM CONDO IN ON TOP OF THE WORLD! ENJOY SITTING AT THE BAR IN THE UPDATED OPEN KITCHEN WITH GRANITE COUNTERTOPS! CLEAN AND BRIGHT! YOU WILL LOVE THE BEDROOM SUITE WITH ATTACHED ROOM FOR SITTING/TV ROOM OR OFFICE! LAMINATE FLOORING THROUGHOUT! THIS CONDO WILL NOT LAST! PRICE TO SELL!

18. 2020-10-14
    status Pending 330-char remark

    Show marketing remark (330 chars)

    MUST SEE THIS BEAUTIFUL 1 BEDROOM/1 BATHROOM CONDO IN ON TOP OF THE WORLD! ENJOY SITTING AT THE BAR IN THE UPDATED OPEN KITCHEN WITH GRANITE COUNTERTOPS! CLEAN AND BRIGHT! YOU WILL LOVE THE BEDROOM SUITE WITH ATTACHED ROOM FOR SITTING/TV ROOM OR OFFICE! LAMINATE FLOORING THROUGHOUT! THIS CONDO WILL NOT LAST! PRICE TO SELL!

19. 2020-10-09
    listed $84,900 Active 330-char remark

    Show marketing remark (330 chars)

    MUST SEE THIS BEAUTIFUL 1 BEDROOM/1 BATHROOM CONDO IN ON TOP OF THE WORLD! ENJOY SITTING AT THE BAR IN THE UPDATED OPEN KITCHEN WITH GRANITE COUNTERTOPS! CLEAN AND BRIGHT! YOU WILL LOVE THE BEDROOM SUITE WITH ATTACHED ROOM FOR SITTING/TV ROOM OR OFFICE! LAMINATE FLOORING THROUGHOUT! THIS CONDO WILL NOT LAST! PRICE TO SELL!

20. 1996-07-01
    soldstatus $33,000
21. 1996-02-07
    soldstatus $23,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $792 · $66/mo
• Projected year-2 tax: $996 · $83/mo
• Expected delta: +$204/yr (+$17/mo · 25.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 25 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,348
• − Mortgage interest: −$6,722
• − Property taxes: −$792
• − Insurance: −$600
• − Repairs & maintenance: −$1,468
• − Management: −$1,468
• − HOA: −$6,252
• − Depreciation: −$3,491
• Taxable loss: −$2,444
• Est. tax savings @ 24.0%: +$587
• After-tax cash flow: $-114/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Pinellas
• NCES district ID: 1201560
• Math proficiency: 51% ▼ -5.00%
• Reading proficiency: 51% ▼ -3.00%
• Median HH income: $46,270
• Composite: 43.27/100
• National rank: #3046
• State rank: #31 of 73 in FL

Livability — Clearwater

• Score: 82/100
• State rank: #60
• US rank: #988

Category grades

Amenities B Commute A+ Cost of living A- Crime B+ Employment C- Housing A+ Health & safety A+ User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Pinellas County · 939,478 people
• City population: 170,933
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 21,146
• Household income: $54,794
• Rent vs Own: 27.6% rent · 72.4% own
• Severe rent burden: 753.0

Population outlook (Pinellas County) Hauer SSP2

• Today (2025): 1,027,532 people
• By 2030: 1,063,586 · +3.5%
• By 2040: 1,125,020 · +9.5%
• By 2050: 1,168,637 · +13.7%
• By 2075: 1,265,188 · +23.1%
• By 2100: 1,260,357 · +22.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Hispanic / Latino 17% Two or more races 9% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 5% Puerto Rican 3% Cuban 1%
• Common ancestry: Romanian 3% Lithuanian 2% Slovak 2%
• Foreign-born: 15% · Canada, Jamaica, Vietnam
• Languages at home: 81% English-only · Spanish 10% Other Indo-European 3% Russian/Polish/Slavic 1%

Political lean MEDSL · Pinellas

• 2024 margin: Lean R (+5.2) · D 46.9% · R 52.1%
• 2008→2024 swing: -13.5pp toward R · 2008: 8.3pp · 2024: -5.2pp
• All cycles: 2024: R+5.2 2020: D+0.2 2016: R+1.1 2012: D+5.6 2008: D+8.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -439.90%
• Current HPI: 265.3099
• Rent YoY: ▼ -2.63%
• Metro: Tampa-St. Petersburg-Clearwater, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+421.7% since first listed

7 events — show timeline

• 2026-05-21 Listed $119,995 Stellar MLS as Distributed by MLS Grid
• 2020-11-16 Sold (Public Records) $80,000 Public Records
• 2020-11-12 Sold (MLS) $80,000 Stellar MLS as Distributed by MLS Grid
• 2020-10-14 Pending — Stellar MLS as Distributed by MLS Grid
• 2020-10-09 Listed $84,900 Stellar MLS as Distributed by MLS Grid
• 1996-07-01 Sold (Public Records) $33,000 Public Records
• 1996-02-07 Sold (Public Records) $23,000 Public Records

Property tax history

+2.9%/yr

Latest (2025): $792 · +7.5% YoY. Source: county tax records.