4627 Venetian Blvd NE · St. Petersburg, FL 33704

$439,000

4 bd · 1.0 ba · 1,989 sqft · SingleFamily public records · 3 Days on market

Built 1960 0.33 ac lot Est $571k · 23% under

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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 +19.3/30.0
• ARV discount +15.0/15.0
• DSCR +6.1/10.0
• Schools +4.3/10.0
• 1% rule +4.2/10.0
• Rent growth +3.4/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

A rare opportunity to build your dream home in one of Northeast St. Petersburg's most established waterfront communities. Situated on an expansive 90' x 152' lot, this Shore Acres property is being offered primarily for land value after sustaining flood damage during Hurricane Helene, creating the perfect canvas for your vision to become reality. Whether you're a builder, investor, or future homeowner, this oversized homesite offers endless possibilities to design and construct a custom residence tailored to your lifestyle. With ample room for a spacious floor plan, and already offers a resort-style pool and spacious outdoor area to expand the living footprint. Shore Acres has become one of

Key facts

• Expansive lot
• Oversized homesite
• Waterfront parks

Tags

• EXPANSIVE LOT
• OVERSIZED HOMESITE
• CUSTOM RESIDENCE
• OUTDOOR ENTERTAINING AREAS
• WATERFRONT PARKS
• GULF BEACHES

Property features AI

Finance

• Other: Located on a paved road; Directions: Shore Acres Blvd to Venetian Blvd NE
• Financial info: No lease restrictions noted
• HOA & community: No HOA association

Exterior

• Parking: Circular driveway; Ground-level parking; Attached 2-car garage
• Security: No specific security features listed
• Utilities: Public water; Public sewer; Cable available
• Home design: Single-family residence; One-story; East-facing; Property condition: Fixer; Homestead exempt
• Construction: Brick construction; Shingle roof; Slab foundation; Built area reported (living area and total building area available)
• Exterior features: Patio; Outdoor lighting; Vinyl fencing; In-ground private pool; Mature landscaping; Corner lot; Oversized, paved lot; Flood zone (flood insurance required)

Interior

• Kitchen: No appliances listed
• Bedrooms: 3 bedrooms
• Flooring: Flooring listed as 'Other'
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Aluminum framed windows; French doors; Interior listed as 'Other'
• Laundry & utility: Laundry in garage

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $439k.

Deal economics

• At list price, monthly cash flow is $54 ($647/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $403k (8.3% below list).
• Recommended offer: $403k (8.3% below list) — sets the bar for 1% rule.
• Cap rate 7.6% vs local median 2.6% in St. Petersburg — 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: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• 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.
• Market conditions: Rents rising (+3.4%/yr); 239 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• This rent runs 45% of the median local income ($108k/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 $3k of loan paydown is wiped out by about $13k 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

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $165k; list at $439k implies a 166% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); 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 $402,533 (8.3% below list)

Questions for the listing agent

1. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.92% ✗
• Cap rate: 7.61%
• Cash-on-cash: 4.69%
• DSCR: 1.21
• GRM: 9.1

CMA / ARV

• ARV (on-the-fly): $570,843
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1810 Maryland Ave NE	0.16mi	4/3.0	2,011 (+1%)	2mo	$395,000	$196	81
1870 Nebraska Ave NE	0.48mi	4/2.0	2,000 (+1%)	2mo	$539,000	$270	71
5213 Venetian Blvd NE	0.44mi	3/2.0 (-1)	1,944 (-2%)	3mo	$635,000	$327	64
4880 Dover St NE	0.49mi	3/3.0 (-1)	2,005 (+1%)	4mo	$976,000	$487	60
5201 Denver St NE	0.47mi	4/3.0	1,880 (-6%)	4mo	$540,000	$287	58
1942 New Hampshire Ave NE	0.46mi	3/2.0 (-1)	2,117 (+6%)	2mo	$600,000	$283	58
5254 Venetian Blvd NE	0.49mi	4/3.0	1,861 (-6%)	4mo	$360,000	$193	55
1481 49th Ave NE	0.53mi	4/2.0	1,798 (-10%)	2mo	$1,200,000	$667	53
5116 Venetian Blvd NE	0.31mi	3/2.0 (-1)	1,703 (-14%)	4mo	$420,000	$247	49
4712 Overlook Dr NE	0.43mi	4/3.0	2,278 (+14%)	0mo	$1,412,500	$620	47
2001 Massachusetts Ave NE	0.50mi	4/3.0	2,266 (+14%)	4mo	$1,400,000	$618	43
5700 Venetian Blvd NE	0.74mi	4/3.0	2,171 (+9%)	2mo	$539,000	$248	40

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.43% rent growth · sell at horizon

5-year hold

• IRR: -14.9%
• Equity multiple: 0.46×
• Total profit: $-65,837
• Equity at exit: $65,456

10-year hold

• IRR: -5.5%
• Equity multiple: 0.63×
• Total profit: $-45,191
• Equity at exit: $37,957

Cash invested: $122,920 (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 33704

• Rents YoY: 3.4%
• Active inventory: 239
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $4,025 high
• Mortgage (P&I): −$2,302
• Tax from tax record: −$214 /mo · $2,574/yr
• Insurance: −$183
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$845
• Net cashflow: $54

Break-even live

Break-even rent $3,957

Max offer price $439,000

Occupancy floor 94%

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: $109,750
• Closing costs: $13,170
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4036 Overlook Dr NE Saint Petersburg, FL	3.0	2.0	1412	$2,645	$1.87	13d	1	0.41mi
4026 Indianapolis St NE Saint Petersburg, FL	3.0	2.0	1364	$3,200	$2.35	4d	1	0.41mi
5273 Denver St NE Saint Petersburg, FL	4.0	2.0	2262	$3,875	$1.71	24d	1	0.50mi
5541 Bayou Grande Blvd NE Saint Petersburg, FL	3.0	2.0	1532	$5,000	$3.26	4d	1	0.61mi
5541 Bayou Grande Blvd NE Saint Petersburg, FL	3.0	2.0	1532	$5,000	$3.26	1d	1	0.61mi
5510 Bayou Grande Blvd NE Saint Petersburg, FL	3.0	2.0	1232	$2,750	$2.23	16d	1	0.63mi
1739 Bayou Grande Blvd NE St Petersburg, FL	3.0	2.0	1658	$5,500	$3.32	3d	1	0.65mi
3435 Overlook Dr NE Saint Petersburg, FL	3.0	2.5	1428	$3,800	$2.66	4d	1	0.77mi
5840 Tanglewood Dr NE Saint Petersburg, FL	4.0	3.0	1680	$3,150	$1.88	4d	1	0.83mi
5923 19th St NE Saint Petersburg, FL	3.0	2.0	1336	$3,500	$2.62	4d	1	0.88mi
6060 Denver St NE Saint Petersburg, FL	3.0	2.0	1523	$3,950	$2.59	4d	1	0.94mi
6016 18th St NE Saint Petersburg, FL	4.0	2.0	1692	$3,900	$2.30	4d	1	0.95mi
1325 Snell Isle Blvd NE #507 Saint Petersburg, FL	3.0	3.0	1940	$6,700	$3.45	4d	1	1.02mi
926 Cordova Blvd NE Saint Petersburg, FL	4.0	3.0	2554	$7,500	$2.94	4d	1	1.23mi
742 45th Ave NE Saint Petersburg, FL	3.0	3.0	1900	$5,200	$2.74	4d	1	1.32mi
1640 Cape Hope Ave NE #4 Saint Petersburg, FL	4.0	3.0	1610	$3,400	$2.11	24d	1	1.35mi
525 Moreno Cir NE Saint Petersburg, FL	3.0	2.0	1587	$3,500	$2.21	14d	1	1.44mi

Listing history 4 events

1. 2026-06-18
   days on market $439,000 Active 3 DOM
2. 2026-06-17
   days on market $439,000 Active 2 DOM
3. 2026-06-16
   remarks 699-char remark
4. 2026-06-16
   listed $439,000 Active 1 DOM

ⓘ 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: $2,574 · $214/mo
• Projected year-2 tax: $3,644 · $304/mo
• Expected delta: +$1,070/yr (+$89/mo · 41.6%)

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

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 28 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: $48,304
• − Mortgage interest: −$24,591
• − Property taxes: −$2,574
• − Insurance: −$7,314
• − Repairs & maintenance: −$3,864
• − Management: −$3,864
• − Depreciation: −$12,771
• Taxable loss: −$6,674
• Est. tax savings @ 24.0%: +$1,602
• After-tax cash flow: $2,249/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 — St. Petersburg

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: St. Petersburg, FL
• County: Pinellas County · 939,478 people
• City population: 249,151
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 16,232
• Household income: $107,889
• Rent vs Own: 34.0% rent · 66.0% own
• Severe rent burden: 632.0

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 (83%)
• Race & ethnicity: White 83% Two or more races 8% Hispanic / Latino 7% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 1% Cuban 1%
• Common ancestry: Lithuanian 4% Slovak 4% Romanian 4%
• Foreign-born: 9% · Canada, Jamaica, Vietnam
• Languages at home: 92% English-only · Spanish 3% German/W. Germanic 1% French/Haitian/Cajun 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: ▼ -822.13%
• Current HPI: 473.0888
• Rent YoY: ▲ 3.43%
• 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

+485.3% since first listed

5 events — show timeline

• 2026-06-15 Listed $439,000 Stellar MLS as Distributed by MLS Grid
• 2002-08-09 Sold (Public Records) $165,000 Public Records
• 1992-07-23 Sold (Public Records) $67,600 Public Records
• 1986-08-20 Sold (Public Records) $78,400 Public Records
• 1985-02-01 Sold (Public Records) $75,000 Public Records

Property tax history

-2.9%/yr

Latest (2025): $2,574 · -9.0% YoY. Source: county tax records.