4350 Tahitian Gardens Cir Unit E · Holiday, FL 34691

$99,900

1 bd · 1.0 ba · 600 sqft · Condo public records · 13 Days on market

Built 1968 $263/mo HOA · 20% of rent

---

Why this score? — see what drove the C 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 +20.6/30.0
• 1% rule +7.9/10.0
• ARV discount +7.5/15.0
• DSCR +6.6/10.0
• Schools +4.3/10.0
• Livability +3.3/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

ON THE LAKE!!! A RARE FIND, One Bedroom, One Bath CORNER unit in Tahitian Gardens a beautiful Resort-Style 55+ community. Enjoy maintenance free living at this well-maintained property. Turnkey and fully furnished. The open floor plan is tiled throughout with a carpeted bedroom. Large floor to ceiling front windows let you enjoy the view of the lake as well as letting in an abundance of natural light. This unit also includes a large washer/dryer for your convenience. Relax and enjoy the Resort-Style amenities including a large, heated swimming pool, two club houses, pool tables, wood shop or walk on the many sidewalks throughout the community and by the lake. A beautiful new multi-color fountain has just recently been installed at the entrance to the community and a new gate has been approved and will be installed in the coming months, making Tahitian Gardens a FULLY GATED community! Other activities include shuffleboard, arts and crafts, a bicycling club, bingo, horseshoes, bocce ball, dominoes, card groups and more. Easy access to dining, shopping and public transportation. Tampa and Clearwater International airports are less than an hour drive. Walking distance to CVS, Walgreens and Aldi's. Minutes away from Tarpon Springs, the Sponge Docks and the beach at Howard Park. Easy to see and immediate possession available. Make this your new home before somebody else does!

Key facts

• Gated community
• Two club houses
• Heated swimming pool

Tags

• GATED COMMUNITY
• FLOOR TO CEILING WINDOWS
• HEATED SWIMMING POOL
• TWO CLUB HOUSES
• WALKING DISTANCE TO CVS
• MINUTES AWAY FROM BEACH

Property features AI

Finance

• Other: Unit on first floor; Unfurnished
• Financial info: Total annual fees approximately $3,156; Lease restrictions apply
• HOA & community: HOA with monthly condo fee ($263); Association amenities: clubhouse, laundry, maintenance, pool; Association fee covers common area taxes, pool, reserves, insurance, structure & grounds maintenance, management, pest control, recreational facilities, trash, fidelity bond; Association approval required; Senior community; Community features include sidewalks, street lights, special community restrictions, association recreation owned; Pets allowed (cats and dogs; size/number limits apply; max pet weight 100 lbs)

Exterior

• Parking: Assigned parking; Guest parking
• Utilities: Public water; Public sewer; Electricity connected; Sewer connected; Water connected; Cable available; Phone available; Underground utilities
• Home design: Condominium; Single-story; Faces southwest; Corner lot; Level, paved, private lot within city limits
• Construction: Block construction; Membrane and shingle roof; Slab foundation; Built as part of a completed community
• Exterior features: Patio; Rain gutters; Sidewalks; Vinyl fencing; Lake view and lake access

Interior

• Kitchen: Range; Range hood; Microwave; Refrigerator; Electric water heater
• Bedrooms: 1 bedroom (first floor)
• Flooring: Carpet; Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Living room/dining room combo; Open floorplan; Thermostat; Window treatments; Inside utility
• Laundry & utility: Washer hookup inside; Dryer hookup (electric)

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $100k.

Deal economics

• At list price, monthly cash flow is $134 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Cap rate 7.9% vs local median 4.7% in Holiday — 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 66/100 on livability (#623 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety B; Watch: crime D+, schools D, amenities F.
• Pasco (suburban): math 50% / reading 52% proficiency, ranked #32 of 73 in FL (top 44%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+2.0%/yr); 324 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 6,765 units permitted in Pasco County in 2024 (1,250 in 5+ unit buildings).
• This rent runs 31% of the median local income ($50k/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 $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Pasco County population projected at +29% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 13y 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 $77k; 30% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 20% of rent.
• Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $99,900

Questions for the listing agent

1. Built in 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. 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?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 1.29% ✓
• Cap rate: 7.90%
• Cash-on-cash: 5.75%
• DSCR: 1.26
• GRM: 6.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.05% rent growth · sell at horizon

5-year hold

• IRR: -8.6%
• Equity multiple: 0.69×
• Total profit: $-8,737
• Equity at exit: $14,895

10-year hold

• IRR: -0.5%
• Equity multiple: 0.97×
• Total profit: $-976
• Equity at exit: $8,638

Cash invested: $27,972 (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 34691

• Home prices YoY: -23.9%
• Rents YoY: 2.0%
• Active inventory: 324
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,292 high
• Mortgage (P&I): −$524
• Tax from tax record: −$58 /mo · $702/yr
• Insurance: −$42
• HOA: −$263
• Vacancy / Maint / Mgmt: −$271
• Net cashflow: $134

Break-even live

Break-even rent $1,123

Max offer price $99,900

Occupancy floor 85%

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4318 Tahitian Gardens Cir Unit B Holiday, FL	1.0	1.0	576	$1,200	$2.08	24d	1	0.09mi
4358 Tahitian Gardens Cir Unit G Holiday, FL	1.0	1.0	600	$1,350	$2.25	24d	1	0.12mi
4358 Tahitian Gardens Cir Holiday, FL	1.0	1.0	600	$1,350	$2.25	14d	1	0.12mi
2133 Melody Dr Holiday, FL	2.0	1.0	510	$1,078	$2.11	14d	1	0.27mi
2051 Pleasure Dr Holiday, FL	2.0	1.0	720	$1,200	$1.67	24d	1	0.35mi
4205 Jordana Way Holiday, FL	1.0–3.0	1.0–2.0	1027	$1,176	$1.14	2d	13	0.37mi
4348 Plaza Dr Holiday, FL	1.0–2.0	1.0–2.0	860	$1,099	$1.28	2d	9	0.43mi
2117 Calusa Trl Unit B Holiday, FL	1.0	1.0	708	$1,200	$1.69	4d	1	0.45mi
2122 Ranchita Trl Holiday, FL	2.0	1.0	648	$1,399	$2.16	24d	1	0.49mi
5409 Oceanic Rd Holiday, FL	1.0	1.0	624	$1,225	$1.96	24d	1	1.33mi
5419 Oceanic Rd Holiday, FL	1.0	1.0	624	$1,200	$1.92	12d	1	1.34mi
5441 Oceanic Rd Holiday, FL	1.0	1.0	600	$1,100	$1.83	24d	1	1.38mi

HOA detail condo

• Monthly dues: $263 · $3,156/yr
• Likely covers: waterpoolsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 16 events

1. 2026-06-02
   status $99,900 Pending 13 DOM
2. 2026-06-01
   days on market $99,900 Active 13 DOM
3. 2026-05-31
   days on market $99,900 Active 12 DOM
4. 2026-05-19
   listed $99,900 Active
5. 2021-05-04
   soldstatus $77,000
6. 2021-04-30
   soldstatus $77,000 Closed 1392-char remark

   Show marketing remark (1392 chars)

   ON THE LAKE!!! A RARE FIND, One Bedroom, One Bath CORNER unit in Tahitian Gardens a beautiful Resort-Style 55+ community. Enjoy maintenance free living at this well-maintained property. Turnkey and fully furnished. The open floor plan is tiled throughout with a carpeted bedroom. Large floor to ceiling front windows let you enjoy the view of the lake as well as letting in an abundance of natural light. This unit also includes a large washer/dryer for your convenience. Relax and enjoy the Resort-Style amenities including a large, heated swimming pool, two club houses, pool tables, wood shop or walk on the many sidewalks throughout the community and by the lake. A beautiful new multi-color fountain has just recently been installed at the entrance to the community and a new gate has been approved and will be installed in the coming months, making Tahitian Gardens a FULLY GATED community! Other activities include shuffleboard, arts and crafts, a bicycling club, bingo, horseshoes, bocce ball, dominoes, card groups and more. Easy access to dining, shopping and public transportation. Tampa and Clearwater International airports are less than an hour drive. Walking distance to CVS, Walgreens and Aldi's. Minutes away from Tarpon Springs, the Sponge Docks and the beach at Howard Park. Easy to see and immediate possession available. Make this your new home before somebody else does!

7. 2021-04-16
   status Pending 1392-char remark

   Show marketing remark (1392 chars)

   ON THE LAKE!!! A RARE FIND, One Bedroom, One Bath CORNER unit in Tahitian Gardens a beautiful Resort-Style 55+ community. Enjoy maintenance free living at this well-maintained property. Turnkey and fully furnished. The open floor plan is tiled throughout with a carpeted bedroom. Large floor to ceiling front windows let you enjoy the view of the lake as well as letting in an abundance of natural light. This unit also includes a large washer/dryer for your convenience. Relax and enjoy the Resort-Style amenities including a large, heated swimming pool, two club houses, pool tables, wood shop or walk on the many sidewalks throughout the community and by the lake. A beautiful new multi-color fountain has just recently been installed at the entrance to the community and a new gate has been approved and will be installed in the coming months, making Tahitian Gardens a FULLY GATED community! Other activities include shuffleboard, arts and crafts, a bicycling club, bingo, horseshoes, bocce ball, dominoes, card groups and more. Easy access to dining, shopping and public transportation. Tampa and Clearwater International airports are less than an hour drive. Walking distance to CVS, Walgreens and Aldi's. Minutes away from Tarpon Springs, the Sponge Docks and the beach at Howard Park. Easy to see and immediate possession available. Make this your new home before somebody else does!

8. 2021-04-13
   price $79,900 1392-char remark

   Show marketing remark (1392 chars)

   ON THE LAKE!!! A RARE FIND, One Bedroom, One Bath CORNER unit in Tahitian Gardens a beautiful Resort-Style 55+ community. Enjoy maintenance free living at this well-maintained property. Turnkey and fully furnished. The open floor plan is tiled throughout with a carpeted bedroom. Large floor to ceiling front windows let you enjoy the view of the lake as well as letting in an abundance of natural light. This unit also includes a large washer/dryer for your convenience. Relax and enjoy the Resort-Style amenities including a large, heated swimming pool, two club houses, pool tables, wood shop or walk on the many sidewalks throughout the community and by the lake. A beautiful new multi-color fountain has just recently been installed at the entrance to the community and a new gate has been approved and will be installed in the coming months, making Tahitian Gardens a FULLY GATED community! Other activities include shuffleboard, arts and crafts, a bicycling club, bingo, horseshoes, bocce ball, dominoes, card groups and more. Easy access to dining, shopping and public transportation. Tampa and Clearwater International airports are less than an hour drive. Walking distance to CVS, Walgreens and Aldi's. Minutes away from Tarpon Springs, the Sponge Docks and the beach at Howard Park. Easy to see and immediate possession available. Make this your new home before somebody else does!

9. 2021-04-07
   price $82,500 1392-char remark

   Show marketing remark (1392 chars)

   ON THE LAKE!!! A RARE FIND, One Bedroom, One Bath CORNER unit in Tahitian Gardens a beautiful Resort-Style 55+ community. Enjoy maintenance free living at this well-maintained property. Turnkey and fully furnished. The open floor plan is tiled throughout with a carpeted bedroom. Large floor to ceiling front windows let you enjoy the view of the lake as well as letting in an abundance of natural light. This unit also includes a large washer/dryer for your convenience. Relax and enjoy the Resort-Style amenities including a large, heated swimming pool, two club houses, pool tables, wood shop or walk on the many sidewalks throughout the community and by the lake. A beautiful new multi-color fountain has just recently been installed at the entrance to the community and a new gate has been approved and will be installed in the coming months, making Tahitian Gardens a FULLY GATED community! Other activities include shuffleboard, arts and crafts, a bicycling club, bingo, horseshoes, bocce ball, dominoes, card groups and more. Easy access to dining, shopping and public transportation. Tampa and Clearwater International airports are less than an hour drive. Walking distance to CVS, Walgreens and Aldi's. Minutes away from Tarpon Springs, the Sponge Docks and the beach at Howard Park. Easy to see and immediate possession available. Make this your new home before somebody else does!

10. 2021-04-04
    listed $79,900 Active 1392-char remark

    Show marketing remark (1392 chars)

    ON THE LAKE!!! A RARE FIND, One Bedroom, One Bath CORNER unit in Tahitian Gardens a beautiful Resort-Style 55+ community. Enjoy maintenance free living at this well-maintained property. Turnkey and fully furnished. The open floor plan is tiled throughout with a carpeted bedroom. Large floor to ceiling front windows let you enjoy the view of the lake as well as letting in an abundance of natural light. This unit also includes a large washer/dryer for your convenience. Relax and enjoy the Resort-Style amenities including a large, heated swimming pool, two club houses, pool tables, wood shop or walk on the many sidewalks throughout the community and by the lake. A beautiful new multi-color fountain has just recently been installed at the entrance to the community and a new gate has been approved and will be installed in the coming months, making Tahitian Gardens a FULLY GATED community! Other activities include shuffleboard, arts and crafts, a bicycling club, bingo, horseshoes, bocce ball, dominoes, card groups and more. Easy access to dining, shopping and public transportation. Tampa and Clearwater International airports are less than an hour drive. Walking distance to CVS, Walgreens and Aldi's. Minutes away from Tarpon Springs, the Sponge Docks and the beach at Howard Park. Easy to see and immediate possession available. Make this your new home before somebody else does!

11. 2021-01-15
    soldstatus $56,000
12. 2013-04-24
    soldstatus $36,000 102-char remark

    Show marketing remark (102 chars)

    Very nice 1 bedroom, 1 bath condo, on the lake. Parking close. Move-in condition. 55+ older community.

13. 2013-01-25
    soldstatus $36,000
14. 2013-01-04
    listed $38,500 102-char remark

    Show marketing remark (102 chars)

    Very nice 1 bedroom, 1 bath condo, on the lake. Parking close. Move-in condition. 55+ older community.

15. 2003-02-07
    soldstatus $36,000
16. 1996-12-10
    soldstatus $30,500

ⓘ 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: $702 · $58/mo
• Projected year-2 tax: $829 · $69/mo
• Expected delta: +$127/yr (+$11/mo · 18.2%)

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

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (shaded) · 24% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°F today · 28 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,509
• − Mortgage interest: −$5,596
• − Property taxes: −$702
• − Insurance: −$500
• − Repairs & maintenance: −$1,241
• − Management: −$1,241
• − HOA: −$3,156
• − Depreciation: −$2,906
• Taxable income: $168
• Est. tax owed @ 24.0%: −$40
• After-tax cash flow: $1,568/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: Pasco
• NCES district ID: 1201530
• Math proficiency: 50% ▼ -10.00%
• Reading proficiency: 52% ▼ -5.00%
• Median HH income: $45,039
• Composite: 43.14/100
• National rank: #3074
• State rank: #32 of 73 in FL

Livability — Holiday

• Score: 66/100
• State rank: #623
• US rank: #12124

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Holiday, FL
• County: Pasco County · 524,098 people
• City population: 33,730
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 21,232
• Household income: $50,288
• Rent vs Own: 32.2% rent · 67.8% own
• Severe rent burden: 1031.0

Population outlook (Pasco County) Hauer SSP2

• Today (2025): 570,045 people
• By 2030: 605,844 · +6.3%
• By 2040: 674,806 · +18.4%
• By 2050: 736,022 · +29.1%
• By 2075: 862,900 · +51.4%
• By 2100: 906,364 · +59.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (73%)
• Race & ethnicity: White 73% Hispanic / Latino 15% Two or more races 11% Black 7% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 6% Cuban 2% Dominican 2%
• Common ancestry: Romanian 3% Iranian 2% Lithuanian 2%
• Foreign-born: 10% · Canada, Vietnam
• Languages at home: 82% English-only · Spanish 8% Other Indo-European 5% Other Asian/Pacific 1%

Political lean MEDSL · Pasco

• 2024 margin: Strong R (+25.2) · D 36.9% · R 62.1% · Other 1.0%
• 2008→2024 swing: -21.6pp toward R · 2008: -3.6pp · 2024: -25.2pp
• All cycles: 2024: R+25.2 2020: R+20.1 2016: R+21.6 2012: R+6.7 2008: R+3.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -102.84%
• Current HPI: 326.9843
• Rent YoY: ▲ 2.05%
• 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

+227.5% since first listed

13 events — show timeline

• 2026-05-19 Listed $99,900 Stellar MLS as Distributed by MLS Grid
• 2021-05-04 Sold (Public Records) $77,000 Public Records
• 2021-04-30 Sold (MLS) $77,000 Stellar MLS as Distributed by MLS Grid
• 2021-04-16 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-04-13 Price Changed $79,900 Stellar MLS as Distributed by MLS Grid
• 2021-04-07 Price Changed $82,500 Stellar MLS as Distributed by MLS Grid
• 2021-04-04 Listed $79,900 Stellar MLS as Distributed by MLS Grid
• 2021-01-15 Sold (Public Records) $56,000 Public Records
• 2013-04-24 Sold (MLS) $36,000 Stellar MLS as Distributed by MLS Grid
• 2013-01-25 Sold (Public Records) $36,000 Public Records
• 2013-01-04 Listed $38,500 Stellar MLS as Distributed by MLS Grid
• 2003-02-07 Sold (Public Records) $36,000 Public Records
• 1996-12-10 Sold (Public Records) $30,500 Public Records

Property tax history

+3.0%/yr

Latest (2025): $702 · +1.9% YoY. Source: county tax records.