2258 World Parkway Blvd W #56 · Clearwater, FL 33763

$149,900

2 bd · 2.0 ba · 1,400 sqft · Condo public records · 54 Days on market

Built 1983 $567/mo HOA · 31% 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 +12.7/30.0
• ARV discount +7.5/15.0
• 1% rule +7.2/10.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• DSCR +3.8/10.0
• Condition / age +2.5/5.0
• Rent growth +1.8/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautifully maintained and updated 2 bed/ 2 bath condo, with a wonderful view of the pool and lots of natural light. All of the major items have been redone. A partial list includes- windows, a/c system, hurricane shutters, counter tops, backsplash, lighting, kitchen and bathroom fixtures, appliances, washer and dryer, tile. .. the list is endless. Come see for yourself. Top of the World is an active 55+ community featuring free activities like 27 holes of golf, tennis, 2 clubhouses and pools, fitness center, trails and even a lake for kayaking. Bring your pets and settle in to your Florida paradise!

Key facts

• $567 HOA
• Community pool
• Built 1983

Property features AI

Finance

• Other: Living area reported as 1,400 square feet
• Financial info: Total monthly fees $567; total annual fees $6,804; Lease restrictions apply
• HOA & community: Monthly condo fee of $567; Has HOA (Orientation Department Clearwater); Association requires approval; Association amenities include elevator(s), fitness center, golf course, laundry, pickleball, pool, recreation facilities, shuffleboard, spa/hot tub, storage, tennis courts; Association fees cover cable TV, pool, internet, structure maintenance, grounds maintenance, management, private road, recreational facilities, sewer, trash, water; Community features include association recreation (lease), buyer approval required, dog park, fitness center, golf, reclaimed water irrigation, pool, tennis courts, street lights; Senior community; Pets allowed (large max weight listed); Full-time management

Exterior

• Parking: Assigned parking
• Security: Gated community
• Utilities: Public water; Private sewer; Cable available; Electricity connected; Fiber optics available; Phone available; Sewer connected; Underground utilities; Fire hydrant nearby
• Home design: Condominium; 3-story building; unit on 3rd floor; One-level living; North-facing; Gated community
• Construction: Block construction; Membrane roof; Slab foundation; Building name/number: ORIZABA/80
• Exterior features: Hurricane shutters; Asphalt road access

Interior

• Kitchen: Built-in oven; Cooktop; Dishwasher; Refrigerator
• Bedrooms: 2 bedrooms (one-level unit)
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Open floorplan; Double pane windows; Shutters; Storm windows; Elevator in building
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $150k.

Deal economics

• At list price, monthly cash flow is $-15 ($-182/yr) — negative.
• To cash-flow at today's rent, offer at most $147k (1.8% below list).
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $145k (3.0% below list) — sets the bar for market timing.
• Cap rate 6.2% 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: 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: Leila Davis Elementary School (math 66% / reading 69%, grade B+, #435 of 2,144 statewide, top 21%, 665 students, 35% FRL); Safety Harbor Middle School (math 45% / reading 43%, grade D, #327 of 571 statewide, top 57%, 974 students, 50% FRL); Dunedin High School (math 36% / reading 45%, grade F, #294 of 667 statewide, top 44%, 1,203 students, 48% FRL) — zoned schools at 44% 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 at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• This rent runs 40% 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 $1k 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 54 days — a 3% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 20y 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; list at $150k implies a 87% gain — meaningful room to come down on a strong offer.

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→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $145,403 (3.0% 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 54 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
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: 1.22% ✓
• Cap rate: 6.17%
• Cash-on-cash: -0.43%
• DSCR: 0.98
• GRM: 6.8

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: -21.7%
• Equity multiple: 0.28×
• Total profit: $-30,333
• Equity at exit: $22,351

10-year hold

• IRR: -31.6%
• Equity multiple: -0.12×
• Total profit: $-47,216
• Equity at exit: $12,961

Cash invested: $41,972 (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 33763

• Rents YoY: -2.6%
• Active inventory: 293
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,830 high
• Mortgage (P&I): −$786
• Tax from tax record: −$46 /mo · $548/yr
• Insurance: −$62
• HOA: −$567
• Vacancy / Maint / Mgmt: −$384
• Net cashflow: $-15

Break-even live

Break-even rent $1,850

Max offer price $147,216

Occupancy floor 96%

Sensitivity live

Price	-10% $70	-5% $27	+0% $-15	+5% $-58	+10% $-100
Rent	-10% $-160	-5% $-87	+0% $-15	+5% $57	+10% $129
Rate	-1.0pp $60	-0.5pp $23	base $-15	+0.5pp $-54	+1.0pp $-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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2256 Philippine Dr Clearwater, FL	2.0	2.0	1400	$1,550	$1.11	26d	1	0.12mi
2262 Swedish Dr #10 Clearwater, FL	2.0	2.0	1115	$2,000	$1.79	26d	1	0.12mi
2284 Philippine Dr #59 Clearwater, FL	2.0	2.0	1100	$1,795	$1.63	24d	1	0.14mi
2205 Cypress Point Dr E Clearwater, FL	3.0	2.0	1760	$3,000	$1.70	0d	1	0.17mi
2287 Philippine Dr #29 Clearwater, FL	2.0	2.0	1070	$1,550	$1.45	4d	1	0.20mi
2287 Philippine Dr #29 Clearwater, FL	2.0	2.0	1070	$1,550	$1.45	9d	1	0.20mi
2221 Norwegian Dr #61 Clearwater, FL	2.0	2.5	1680	$2,250	$1.34	26d	1	0.26mi
2359 Finlandia Ln Clearwater, FL	2.0	2.0–20.0	1100	$1,400	$1.27	20d	2	0.29mi
2358 Ecuadorian Way #56 Clearwater, FL	2.0	2.0	1100	$1,500	$1.36	5d	1	0.29mi
2363 Israeli Dr #67 Clearwater, FL	2.0	2.0	1100	$1,600	$1.45	26d	1	0.30mi
2361 Ecuadorian Way #45 Clearwater, FL	2.0	2.0	1400	$1,700	$1.21	6d	1	0.34mi
2311 Brisbane St #65 Clearwater, FL	2.0	2.0	1100	$1,700	$1.55	14d	1	0.35mi
2378 Ecuadorian Way #38 Clearwater, FL	2.0	2.0	1400	$1,800	$1.29	4d	1	0.36mi
2310 Denmark St Clearwater, FL	2.0	2.0	1100	$1,550	$1.41	0d	1	0.36mi
2323 Surrey Ln Clearwater, FL	2.0	2.0	1280	$2,250	$1.76	24d	1	0.39mi
2405 Franciscan Dr #23 Clearwater, FL	2.0	2.0	1400	$1,875	$1.34	22d	1	0.39mi
2380 World Parkway Blvd #56 Clearwater, FL	1.0	2.0	1244	$1,200	$0.96	5d	1	0.39mi
2402 Ecuadorian Way #28 Clearwater, FL	2.0	2.0	1400	$1,900	$1.36	6d	1	0.41mi
2402 Ecuadorian Way Clearwater, FL	2.0	2.0	1400	$1,800	$1.29	26d	2	0.42mi
2071 Australia Way W #29 Clearwater, FL	2.0	2.0	1100	$1,525	$1.39	26d	1	0.43mi
2040 World Parkway Blvd #34 Clearwater, FL	2.0	2.0	1400	$1,650	$1.18	26d	1	0.48mi
2429 Ecuadorian Way #65 Clearwater, FL	2.0	2.0	1100	$1,600	$1.45	6d	1	0.50mi
2428 Columbia Dr #68 Clearwater, FL	2.0	2.0	1100	$1,750	$1.59	6d	1	0.51mi
2456 Ecuadorian Way #42 Clearwater, FL	2.0	2.0	1100	$1,700	$1.55	6d	1	0.54mi
2455 Finlandia Ln #67 Clearwater, FL	2.0	2.0	1100	$1,495	$1.36	13d	1	0.56mi
2448 Columbia Dr #72 Clearwater, FL	2.0	2.0	1100	$1,600	$1.45	26d	1	0.56mi
2020 World Parkway Blvd #54 Clearwater, FL	2.0	2.0	1400	$1,795	$1.28	12d	1	0.56mi
2460 Persian Dr #44 Clearwater, FL	2.0	2.0	1100	$1,800	$1.64	6d	1	0.57mi
2138 Timber Ln Clearwater, FL	2.0	2.0	1348	$2,800	$2.08	26d	1	0.59mi
2450 Canadian Way #26 Clearwater, FL	2.0	2.0	1400	$1,700	$1.21	26d	1	0.60mi
2466 Ecuadorian Way #32 Clearwater, FL	2.0	2.0	1100	$1,600	$1.45	26d	1	0.60mi
2433 Brazilia Dr #49 Clearwater, FL	2.0	2.0	1100	$1,750	$1.59	26d	1	0.62mi
2384 Tahitian Ln #28 Clearwater, FL	2.0	2.0	1400	$1,700	$1.21	26d	1	0.63mi
2471 Sumatran Way Clearwater, FL	2.0	2.0	1400	$1,500	$1.07	20d	2	0.63mi
2451 Canadian Way Clearwater, FL	2.0	1.0–2.0	1250	$1,598	$1.28	9d	2	0.63mi
2434 Australia Way E #50 Clearwater, FL	2.0	2.0	1400	$1,700	$1.21	4d	1	0.64mi
2014 Pinehurst Dr Clearwater, FL	3.0	3.0	1650	$3,000	$1.82	26d	1	0.64mi
2005 Greenbriar Blvd #1 Clearwater, FL	2.0	2.0	930	$1,500	$1.61	6d	1	0.65mi
2386 Sumatran Way #14 Clearwater, FL	2.0	2.0	1100	$1,600	$1.45	20d	1	0.68mi
2151 Alicia Dr Unit A Clearwater, FL	3.0	2.5	1250	$2,250	$1.80	9d	1	0.71mi

HOA detail condo

• Monthly dues: $567 · $6,804/yr
• Likely covers: poolgym
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 7 events

1. 2026-05-19
   price $149,900
2. 2026-04-03
   listed $154,900 Active
3. 2011-06-24
   soldstatus $80,000 607-char remark

   Show marketing remark (607 chars)

   Beautifully maintained and updated 2 bed/ 2 bath condo, with a wonderful view of the pool and lots of natural light. All of the major items have been redone. A partial list includes- windows, a/c system, hurricane shutters, counter tops, backsplash, lighting, kitchen and bathroom fixtures, appliances, washer and dryer, tile. .. the list is endless. Come see for yourself. Top of the World is an active 55+ community featuring free activities like 27 holes of golf, tennis, 2 clubhouses and pools, fitness center, trails and even a lake for kayaking. Bring your pets and settle in to your Florida paradise!

4. 2010-12-17
   listed $85,000 607-char remark

   Show marketing remark (607 chars)

   Beautifully maintained and updated 2 bed/ 2 bath condo, with a wonderful view of the pool and lots of natural light. All of the major items have been redone. A partial list includes- windows, a/c system, hurricane shutters, counter tops, backsplash, lighting, kitchen and bathroom fixtures, appliances, washer and dryer, tile. .. the list is endless. Come see for yourself. Top of the World is an active 55+ community featuring free activities like 27 holes of golf, tennis, 2 clubhouses and pools, fitness center, trails and even a lake for kayaking. Bring your pets and settle in to your Florida paradise!

5. 2006-09-06
   soldstatus $140,000 533-char remark

   Show marketing remark (533 chars)

   Meticulously maintained condo is light and bright and ready for you to move right in! It has large, spacious rooms, neutral colors and a great glass enclosed room overlooking the pool and beautifully landscaped yard. Amenities include newwindows in 2000, electric hurricane shutters, and new A/C in 2004. BRAND NEW Whirlpool washer and dryer in unit. Next door to pool and clubhouse. Enjoy a round of golf or one of the many other activities offered here. 55+ gated community with pets allowed. Close to everything; you'll love it!!

6. 2006-07-16
   listed $154,900 533-char remark

   Show marketing remark (533 chars)

   Meticulously maintained condo is light and bright and ready for you to move right in! It has large, spacious rooms, neutral colors and a great glass enclosed room overlooking the pool and beautifully landscaped yard. Amenities include newwindows in 2000, electric hurricane shutters, and new A/C in 2004. BRAND NEW Whirlpool washer and dryer in unit. Next door to pool and clubhouse. Enjoy a round of golf or one of the many other activities offered here. 55+ gated community with pets allowed. Close to everything; you'll love it!!

7. 1984-03-01
   soldstatus $59,000

ⓘ 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: $548 · $46/mo
• Projected year-2 tax: $1,244 · $104/mo
• Expected delta: +$696/yr (+$58/mo · 127.0%)

ⓘ 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 · 26 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: $21,965
• − Mortgage interest: −$8,397
• − Property taxes: −$548
• − Insurance: −$750
• − Repairs & maintenance: −$1,757
• − Management: −$1,757
• − HOA: −$6,804
• − Depreciation: −$4,361
• Taxable loss: −$2,408
• Est. tax savings @ 24.0%: +$578
• After-tax cash flow: $396/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

+154.1% since first listed

7 events — show timeline

• 2026-05-19 Price Changed $149,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-03 Listed $154,900 Stellar MLS as Distributed by MLS Grid
• 2011-06-24 Sold (MLS) $80,000 Stellar MLS as Distributed by MLS Grid
• 2010-12-17 Listed $85,000 Stellar MLS as Distributed by MLS Grid
• 2006-09-06 Sold (MLS) $140,000 Stellar MLS as Distributed by MLS Grid
• 2006-07-16 Listed $154,900 Stellar MLS as Distributed by MLS Grid
• 1984-03-01 Sold (Public Records) $59,000 Public Records

Property tax history

-5.2%/yr

Latest (2025): $548 · +4.3% YoY. Source: county tax records.