200 Country Club Dr #1101 · Largo, FL 33771

$109,900

1 bd · 1.0 ba · 824 sqft · Condo public records · 26 Days on market

Built 1972 $568/mo HOA · 37% 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 +10.5/30.0
• 1% rule +9.1/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• DSCR +3.0/10.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks

Auction Property. This FIRST FLOOR, END UNIT condo with a view of the 5th Fairway of the East Bay Golf Course across the street, is located in the Venetia Country Club. This property flooded in 2024 and is currently undergoing a comprehensive restoration through an insurance approved scope of work for a majority of the condo already in progress with contractors diligently working to restore your new home as quickly as possible (full completion date TBD). Interior renovations to date include new drywall, baseboards, electrical switches and outlets, tub and shower stall, vanity, toilet, interior doors and a fresh coat of paint. Additional updates will include lower kitchen cabinets with a for

Key facts

• New drywall
• New baseboards
• End unit

Tags

• FIRST FLOOR
• END UNIT
• VIEW OF THE 5TH FAIRWAY
• COMPREHENSIVE RESTORATION
• NEW DRYWALL
• NEW BASEBOARDS

Property features AI

Finance

• Other: Living area reported as 824 square feet; Unit is unfurnished
• Financial info: Total monthly fees: $568; Total annual fees: $6,816; Lease restrictions apply
• HOA & community: Monthly condo fee: $568 (includes cable TV, pool, escrow reserves fund, insurance, internet, structure maintenance, grounds maintenance, recreational facilities, trash); Association name: Willy Culkar; Association approval required; Pets allowed with restrictions (cats and dogs ok, breed/number/size limits; max pet weight 35 lbs); Community clubhouse and pool

Exterior

• Utilities: Public water; Public sewer; Sewer connected; Water available
• Home design: Residential condominium; Attached unit; One story; Faces east; First-floor end unit
• Construction: Block construction; Shingle roof; Slab foundation; Built as part of Building 11
• Exterior features: Sliding doors; Paved road access

Interior

• Kitchen: Other appliances
• Bedrooms: 1 bedroom
• Flooring: Tile flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Open floorplan; Walk-in closet(s); Inside utility
• Laundry & utility: Laundry inside

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $110k.

Deal economics

• At list price, monthly cash flow is $-57 ($-684/yr) — negative.
• To cash-flow at today's rent, offer at most $100k (9.2% below list).
• Meets the 1% rule at list price ($2k rent vs $110k).
• Recommended offer: $100k (9.2% below list) — sets the bar for cash-flow.
• Cap rate 5.7% vs local median 4.3% in Largo — 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 (#82 in FL, #1,240 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, amenities F.
• 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: Walsingham Elementary School (math 62% / reading 52%, grade C+, #781 of 2,144 statewide, top 38%, 392 students, 67% FRL); Largo Middle School (math 38% / reading 35%, grade F, #405 of 571 statewide, top 72%, 882 students, 66% FRL); Largo High School (math 30% / reading 50%, grade F, #296 of 667 statewide, top 45%, 2,055 students, 53% FRL).
• Market conditions: Rents soft (-1.1%/yr); 225 active listings in the ZIP; 35 comparable units currently listed for rent nearby; rentals leasing fast (median 10d 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 31% of the median local income ($60k/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 $760 of loan paydown is wiped out by about $3k 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 26 days — a 2% lower offer ($108k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Risks & watch-outs

• Watch-outs: HOA is 37% of rent.
• Climate carrying-cost: major flood risk; 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 $99,836 (9.2% 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. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 1.41% ✓
• Cap rate: 5.67%
• Cash-on-cash: -2.22%
• DSCR: 0.90
• GRM: 5.9

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: -25.7%
• Equity multiple: 0.17×
• Total profit: $-25,641
• Equity at exit: $16,386

10-year hold

• IRR: -56.0%
• Equity multiple: -0.40×
• Total profit: $-43,176
• Equity at exit: $9,502

Cash invested: $30,772 (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 33771

• Home prices YoY: -30.2%
• Rents YoY: -1.1%
• Active inventory: 225
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $1,552 high
• Mortgage (P&I): −$576
• Tax from tax record: −$93 /mo · $1,117/yr
• Insurance: −$46
• HOA: −$568
• Vacancy / Maint / Mgmt: −$326
• Net cashflow: $-57

Break-even live

Break-even rent $1,624

Max offer price $99,836

Occupancy floor 99%

Sensitivity live

Price	-10% $5	-5% $-26	+0% $-57	+5% $-88	+10% $-119
Rent	-10% $-180	-5% $-118	+0% $-57	+5% $4	+10% $66
Rate	-1.0pp $-2	-0.5pp $-29	base $-57	+0.5pp $-85	+1.0pp $-114

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: $27,475
• Closing costs: $3,297
• Reserves months: —
• Total cash needed: —

Rent comps 35 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2045 E Bay Dr Largo, FL	1.0–2.0	1.0–2.0	1114	$1,368	$1.23	0d	16	0.31mi
221 Lake Ave NE Largo, FL	1.0–2.0	1.0–2.0	1095	$1,540	$1.41	0d	11	0.37mi
1100 East Bay Dr #104 Largo, FL	2.0	2.0	840	$1,950	$2.32	6d	1	0.45mi
2291 E Bay Dr Largo, FL	2.0	2.0	708	$1,600	$2.26	23d	1	0.45mi
2291 E Bay Dr Largo, FL	2.0	2.0	708	$1,600	$2.26	22d	1	0.45mi
600 Starkey Rd Largo, FL	1.0–3.0	1.0–2.0	982	$1,349	$1.37	0d	24	0.46mi
504 7th St SE Largo, FL	2.0	1.0	888	$2,250	$2.53	0d	1	0.55mi
101 Imperial Palm Dr Largo, FL	1.0–2.0	1.0–2.0	907	$1,299	$1.43	0d	34	0.57mi
2505 E Bay Dr Lot 77 Largo, FL	2.0	1.5	1080	$1,395	$1.29	22d	1	0.61mi
705 Redbud LN Largo, FL	1.0–2.0	1.0–2.0	986	$1,670	$1.69	0d	185	0.63mi
1517 16th Cir SE Largo, FL	1.0	1.0	625	$1,250	$2.00	6d	1	0.80mi
447 6th Ave NE Unit B Largo, FL	2.0	1.0	840	$1,650	$1.96	12d	1	0.87mi
636 Lake Palms Dr Unit Stylish Largo, FL	2.0	2.0	870	$2,000	$2.30	6d	1	0.89mi
3022 Meadow Lake Ave Largo, FL	2.0	1.0	900	$1,450	$1.61	12d	1	0.93mi
3022 Meadow Lake Ave Largo, FL	2.0	1.0	900	$1,450	$1.61	6d	1	0.93mi
3073 Pine Tree Ave Largo, FL	2.0	1.0	825	$1,350	$1.64	26d	1	0.96mi
3135 Pine Tree Ave Unit A Largo, FL	2.0	1.0	923	$1,395	$1.51	23d	1	0.99mi
3135 Pine Tree Ave Largo, FL	2.0	1.0	923	$1,395	$1.51	12d	1	0.99mi
601 Rosery Rd NE Largo, FL	1.0–3.0	1.0–2.5	1192	$1,390	$1.17	0d	36	1.00mi
401 Rosery Rd NE Largo, FL	2.0	1.0–2.0	850	$1,549	$1.82	3d	31	1.03mi
1201 Seminole Blvd Largo, FL	1.0–3.0	1.0–2.0	1067	$1,295	$1.21	3d	1	1.07mi
199 Fulton St NE Unit 4 Largo, FL	2.0	1.0	760	$1,600	$2.11	16d	1	1.08mi
1845 S Highland Ave Clearwater, FL	2.0	2.0	904	$1,525	$1.69	4d	2	1.11mi
157 2nd Ave SW Unit A Largo, FL	2.0	1.0	678	$1,600	$2.36	26d	1	1.15mi
2871 S Pines Dr #24 Largo, FL	2.0	1.5	1048	$1,800	$1.72	26d	1	1.15mi
2820 S Pines Dr #132 Largo, FL	2.0	1.5	1048	$1,800	$1.72	0d	1	1.15mi
3377 Sherwood Dr Unit A Largo, FL	2.0	1.0	1064	$1,650	$1.55	9d	1	1.16mi
779 34th St SE Unit 1319966P Largo, FL	2.0	1.0	990	$2,941	$2.97	9d	1	1.21mi
301 Seacrest Dr Largo, FL	1.0–2.0	1.0–1.5	975	$1,345	$1.38	23d	1	1.27mi
428 4th St NW Largo, FL	2.0	1.0	850	$1,900	$2.24	26d	1	1.37mi
417 Woodrow Ave Largo, FL	1.0	1.0	650	$1,175	$1.81	19d	1	1.38mi
253 Sago Palm St Largo, FL	2.0	2.0	1000	$1,295	$1.29	26d	1	1.39mi
500 Belcher Rd S #18 Largo, FL	1.0	1.0	637	$1,500	$2.35	4d	1	1.41mi
3331 Whispering Dr N Largo, FL	2.0	2.0	1053	$2,190	$2.08	25d	1	1.42mi
605 4th Ave NW Largo, FL	1.0–2.0	1.0–2.0	1032	$1,699	$1.65	5d	6	1.49mi

HOA detail condo

• Monthly dues: $568 · $6,816/yr
• Likely covers: electric
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 16 events

1. 2026-06-22
   days on market $109,900 Active 26 DOM
2. 2026-06-18
   days on market $109,900 Active 23 DOM
3. 2026-06-17
   days on market $109,900 Active 22 DOM
4. 2026-06-16
   days on market $109,900 Active 21 DOM
5. 2026-06-15
   days on market $109,900 Active 20 DOM
6. 2026-06-13
   days on market $109,900 Active 18 DOM
7. 2026-06-09
   days on market $109,900 Active 14 DOM
8. 2026-06-08
   days on market $109,900 Active 13 DOM
9. 2026-06-07
   days on market $109,900 Active 12 DOM
10. 2026-06-04
    days on market $109,900 Active 9 DOM
11. 2026-06-03
    days on market $109,900 Active 8 DOM
12. 2026-06-02
    days on market $109,900 Active 7 DOM
13. 2026-06-01
    days on market $109,900 Active 6 DOM
14. 2026-05-31
    days on market $109,900 Active 5 DOM
15. 2026-05-26
    listed $109,900 Active
16. 2025-04-03
    listed $69,900 Active

ⓘ 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: $1,117 · $93/mo
• Projected year-2 tax: $1,117 · $93/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (shaded) · 58% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°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 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,626
• − Mortgage interest: −$6,156
• − Property taxes: −$1,117
• − Insurance: −$550
• − Repairs & maintenance: −$1,490
• − Management: −$1,490
• − HOA: −$6,816
• − Depreciation: −$3,197
• Taxable loss: −$2,190
• Est. tax savings @ 24.0%: +$526
• After-tax cash flow: $-158/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 — Largo

• Score: 82/100
• State rank: #82
• US rank: #1240

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Largo, FL
• County: Pinellas County · 939,478 people
• City population: 106,311
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 27,596
• Household income: $59,993
• Rent vs Own: 35.5% rent · 64.5% own
• Severe rent burden: 1243.0

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 (74%)
• Race & ethnicity: White 74% Hispanic / Latino 14% Two or more races 9% Black 4% Asian 3%
• Hispanic origin (detail): Mexican 3% Puerto Rican 6% Dominican 2%
• Common ancestry: Romanian 4% Lithuanian 3% Slovak 2%
• Foreign-born: 13% · Canada, Jamaica, Guatemala
• Languages at home: 82% English-only · Spanish 12% Other Indo-European 2% Russian/Polish/Slavic 2%

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: ▼ -135.36%
• Current HPI: 313.5044
• Rent YoY: ▼ -1.06%
• 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

+57.2% since first listed

2 events — show timeline

• 2026-05-26 Listed $109,900 Stellar MLS as Distributed by MLS Grid
• 2025-04-03 Listed $69,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+1.8%/yr

Latest (2025): $1,117 · +25.6% YoY. Source: county tax records.