24862 US Highway 19 N #3002 · Clearwater, FL 33763

$89,900

1 bd · 1.0 ba · 600 sqft · Condo public records · 248 Days on market

Built 1979 $433/mo HOA · 31% of rent

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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 +17.3/30.0
• 1% rule +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +5.4/10.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• Condition / age +2.5/5.0
• Rent growth +1.8/5.0
• Appreciation +0.0/10.0

Listing remarks

GREAT PRICE!!!!!!!NO LAND LEASE villa style condo in the back of the community offering tons of privacy, peace and quiet. This 600 sq. foot unit @ Clearwater's Hill Crest Villas feels much larger with the additional back bonus Florida Room adding approximately 150 sq. feet. This villa has a FULL SIZED washer and dryer too!! Matched tile floor thruout entire unit gives it a seamless vibe. Bedroom floor is ready for resurfacing. There is NO CARPET in entire home. 2 large closets in bedroom allow plenty of room for all your fabulous fashion options. IMPACT Windows installed in 2018. Custom shower insert and granite topped vanity in bath. Attic storage for all your extras. Covered parking dire

Key facts

• No carpet
• Matched tile floor
• 2 large closets

Tags

• VILLA STYLE CONDO
• FULL SIZED WASHER AND DRYER
• MATCHED TILE FLOOR
• NO CARPET
• 2 LARGE CLOSETS
• IMPACT WINDOWS

Property features AI

Finance

• Other: Community features: Association-owned recreation, clubhouse, community mailbox
• Financial info: Total monthly fees: $433; Total annual fees: $5,196; Lease restrictions apply
• HOA & community: Association: Harbeck Management; Monthly condo fee: $433 (includes cable TV, pool, escrow/reserves, insurance, internet, structure & grounds maintenance, management, pest control, private road, recreational facilities, trash); Association amenities: Clubhouse, Pool, Sauna, Shuffleboard Court, Laundry, Cable TV; Buyer/association approval required; No truck/RV/motorcycle parking

Exterior

• Parking: Carport (1 space)
• Utilities: Public water; Public sewer; Public utilities
• Home design: Residential villa; One story; North-facing
• Construction: Block construction; Shingle roof; Built on slab foundation; Building area approximately 800 sq ft
• Exterior features: Covered patio/porch areas; Front porch; Rear porch; Sidewalk; Private maintained road; Asphalt road surface

Interior

• Kitchen: Dishwasher; Range; Refrigerator; Disposal; Electric water heater
• Bedrooms: 1 bedroom
• Flooring: Ceramic tile; Slab foundation
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating; Central air; Wall/Window unit(s)
• Interior features: Ceiling fans; Living room/dining room combo; Open floorplan; Florida room
• Laundry & utility: Washer; Dryer; Laundry area inside, located in kitchen

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $90k.

Deal economics

• At list price, monthly cash flow is $65 ($785/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $90k).
• Recommended offer: $79k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.2% 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: schools C-, 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.
• Market conditions: Rents soft (-2.6%/yr); 288 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals leasing fast (median 5d 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 ($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 $622 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 248 days — a 12% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $40k (31%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $78k; 15% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 31% of rent.
• Climate carrying-cost: 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 $79,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 248 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1979 — 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
8. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
9. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
10. 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.
11. 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.
12. 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: 1.58% ✓
• Cap rate: 7.17%
• Cash-on-cash: 3.12%
• DSCR: 1.14
• GRM: 5.3

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: -16.7%
• Equity multiple: 0.43×
• Total profit: $-14,265
• Equity at exit: $13,404

10-year hold

• IRR: -22.2%
• Equity multiple: 0.13×
• Total profit: $-21,939
• Equity at exit: $7,773

Cash invested: $25,172 (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: 288
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $1,417 high
• Mortgage (P&I): −$471
• Tax est. 1.5%: −$112 /mo · $1,348/yr
• Insurance: −$37
• HOA: −$433
• Vacancy / Maint / Mgmt: −$298
• Net cashflow: $65

Break-even live

Break-even rent $1,335

Max offer price $89,900

Occupancy floor 90%

Sensitivity live

Price	-10% $128	-5% $97	+0% $65	+5% $34	+10% $3
Rent	-10% $-47	-5% $9	+0% $65	+5% $121	+10% $177
Rate	-1.0pp $111	-0.5pp $88	base $65	+0.5pp $42	+1.0pp $18

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: $22,475
• Closing costs: $2,697
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
24862 US Highway 19 N #3202 Clearwater, FL	1.0	1.0	600	$1,295	$2.16	4d	1	0.08mi
24862 U.S. 19 Unit 3202 1 Clearwater, FL	1.0	1.0	640	$1,295	$2.02	24d	1	0.11mi
2031 Glass Loop Clearwater, FL	1.0–3.0	1.0–2.0	1058	$1,848	$1.75	2d	34	0.40mi
25350 US Highway 19 N Clearwater, FL	3.0	1.0–2.0	875	$1,466	$1.68	2d	28	0.42mi
2400 Franciscan Dr #44 Clearwater, FL	1.0	1.0	735	$1,200	$1.63	25d	1	0.53mi
1730 Audrey Dr Unit 2 Clearwater, FL	1.0	1.0	700	$2,100	$3.00	25d	1	0.95mi
2599 Countryside Blvd #210 Clearwater, FL	1.0	1.0	575	$1,400	$2.43	3d	1	0.97mi
2597 Countryside Blvd #209 Clearwater, FL	1.0	1.0	575	$1,500	$2.61	4d	1	1.03mi
2625 Florida 590 Unit 1414 Clearwater, FL	1.0	1.0	600	$1,300	$2.17	25d	1	1.15mi
2524 Alexander Pl Clearwater, FL	1.0–3.0	1.0–2.0	991	$1,735	$1.75	2d	20	1.20mi
2583 Countryside Blvd #3103 Clearwater, FL	1.0	1.0	555	$1,400	$2.52	25d	1	1.23mi
2481 NE Coachman Rd Clearwater, FL	1.0–2.0	1.0–2.0	762	$1,424	$1.87	2d	14	1.28mi

HOA detail condo

• Monthly dues: $433 · $5,196/yr
• Likely covers: water
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 22 events

1. 2026-06-18
   days on market $89,900 Active 248 DOM
2. 2026-06-17
   days on market $89,900 Active 247 DOM
3. 2026-06-16
   days on market $89,900 Active 246 DOM
4. 2026-06-15
   days on market $89,900 Active 245 DOM
5. 2026-06-13
   days on market $89,900 Active 243 DOM
6. 2026-06-09
   days on market $89,900 Active 239 DOM
7. 2026-06-08
   days on market $89,900 Active 238 DOM
8. 2026-06-07
   days on market $89,900 Active 237 DOM
9. 2026-06-04
   days on market $89,900 Active 234 DOM
10. 2026-06-03
    days on market $89,900 Active 233 DOM
11. 2026-06-01
    days on market $89,900 Active 231 DOM
12. 2026-05-31
    pricedays on market $89,900 Active 230 DOM
13. 2026-03-18
    price $98,900
14. 2026-02-12
    price $99,900
15. 2026-02-06
    status Active
16. 2026-02-03
    status Pending
17. 2025-12-30
    price $104,900
18. 2025-11-13
    price $119,900
19. 2025-10-23
    price $124,900
20. 2025-10-09
    listed $129,999 Active
21. 2005-05-31
    soldstatus $78,000
22. 2004-01-24
    soldstatus $37,000

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

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 · 28 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: $17,009
• − Mortgage interest: −$5,036
• − Property taxes: −$1,348
• − Insurance: −$450
• − Repairs & maintenance: −$1,361
• − Management: −$1,361
• − HOA: −$5,196
• − Depreciation: −$2,615
• Taxable loss: −$358
• Est. tax savings @ 24.0%: +$86
• After-tax cash flow: $871/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

• Census place: Clearwater, FL
• 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

+167.3% since first listed

10 events — show timeline

• 2026-03-18 Price Changed $98,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-12 Price Changed $99,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-06 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-02-03 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-12-30 Price Changed $104,900 Stellar MLS as Distributed by MLS Grid
• 2025-11-13 Price Changed $119,900 Stellar MLS as Distributed by MLS Grid
• 2025-10-23 Price Changed $124,900 Stellar MLS as Distributed by MLS Grid
• 2025-10-09 Listed $129,999 Stellar MLS as Distributed by MLS Grid
• 2005-05-31 Sold (Public Records) $78,000 Public Records
• 2004-01-24 Sold (Public Records) $37,000 Public Records

Property tax history

-10.3%/yr

Latest (2025): $164 · +17.1% YoY. Source: county tax records.