7775 132nd Way · Redington Shores, FL 33776

$725,000

4 bd · 3.0 ba · 2,453 sqft · SingleFamily public records · 5 Days on market

Built 1973 0.26 ac lot Est $812k · 11% under

---

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 +13.9/30.0
• ARV discount +12.3/15.0
• Schools +4.3/10.0
• DSCR +4.2/10.0
• Livability +3.4/5.0
• 1% rule +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Well maintained 4/3 home, on Cul de sac, great Seminole location, walk or bike to beaches, shopping and restaurants. Some of the features include; Large foyer with stone wall and planter, cathedral ceilings, clerestory windows in foyer, family room, living room and dining room. Built in bar in family room, pass thru counter bar from kitchen, recessed lights over both bars and separate inside laundry area. Some of the outside features include; 36 x 17 pool, Wally watt with wood floor, work bench and laundry tub in garage, attic storage, grapefruit tree and much more. Home Warranty included. Will not last, bring your Buyers!

Key facts

• Galley-style kitchen
• Oversized great room
• Built-in bar

Tags

• MID-CENTURY MODERN POOL HOME
• OVERSIZED GREAT ROOM
• BUILT-IN BAR
• GALLEY-STYLE KITCHEN
• PRIVATE PRIMARY SUITE
• COMPLETELY PRIVATE GUEST SUITE

Property features AI

Finance

• Other: Zoned R-2
• HOA & community: No association; Community street lights

Exterior

• Parking: Driveway; Garage door opener; Oversized attached garage; 2 garage spaces
• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected
• Home design: Single-family residence; One story; Faces west; Homestead exempt
• Construction: Vinyl siding with frame construction; Shingle roof; Slab foundation; Built as a single-story home
• Exterior features: Private in-ground gunite pool; Exterior lighting; Sidewalk; Sliding doors; Wood fencing; Landscaped yard; Cul-de-sac lot; Street dead-end; Paved access (public maintained asphalt road)

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator; Electric water heater; Water softener
• Bedrooms: 4 bedrooms
• Flooring: Carpet; Ceramic tile; Laminate
• Bathrooms: 3 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Cathedral ceilings; Ceiling fans; Solid wood cabinets; Thermostat; Window coverings (blinds and shades)
• Laundry & utility: Washer and dryer (inside laundry)

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $725k.

Deal economics

• At list price, monthly cash flow is $82 ($986/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 $574k (20.8% below list).
• Recommended offer: $574k (20.8% below list) — sets the bar for 1% rule.
• Cap rate 6.4% vs local median 1.1% in Redington Shores — 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 68/100 on livability (#500 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, commute A+, employment A+; Watch: amenities F, cost of living F, health & safety 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: Bauder Elementary School (math 80% / reading 73%, grade A, #185 of 2,144 statewide, top 9%, 644 students, 28% FRL); Seminole High School (math 26% / reading 47%, grade F, #351 of 667 statewide, top 54%, 1,546 students, 39% FRL).
• Market conditions: 146 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $5k of loan paydown is wiped out by about $22k 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 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 21y 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 $375k; list at $725k implies a 93% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 8→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $573,947 (20.8% below list)

Questions for the listing agent

1. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 0.79% ✗
• Cap rate: 6.43%
• Cash-on-cash: 0.49%
• DSCR: 1.02
• GRM: 10.5

CMA / ARV

• ARV (on-the-fly): $811,943
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7490 Pine Valley Ln	0.22mi	4/3.0	2,468 (+1%)	8mo	$858,000	$348	82
7796 132nd Way	0.03mi	5/3.0 (+1)	2,622 (+7%)	7mo	$812,000	$310	76
7692 132nd Way	0.06mi	5/3.0 (+1)	2,681 (+9%)	2mo	$755,000	$282	75
13189 87th Ave	0.62mi	4/3.0	2,418 (-1%)	1mo	$710,000	$294	68
13764 86th Ave	0.67mi	4/3.0	2,420 (-1%)	1mo	$570,000	$236	66
7711 132nd Way	0.03mi	4/2.0	2,100 (-14%)	7mo	$695,000	$331	64
13781 74th Ave	0.50mi	4/2.5	2,299 (-6%)	1mo	$750,000	$326	64
13564 Oak Run Ct	0.29mi	4/2.0	2,214 (-10%)	6mo	$825,000	$373	61
8310 140th St	0.74mi	4/3.0	2,409 (-2%)	6mo	$845,000	$351	57
13780 76th Ave	0.45mi	4/3.5	2,692 (+10%)	6mo	$915,000	$340	56
13000 Hibiscus Ave	0.44mi	3/2.0 (-1)	2,214 (-10%)	6mo	$765,000	$346	49
8230 128th St	0.53mi	5/2.0 (+1)	2,130 (-13%)	1mo	$585,000	$275	44

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -15.6%
• Equity multiple: 0.45×
• Total profit: $-112,506
• Equity at exit: $108,100

10-year hold

• IRR: -7.2%
• Equity multiple: 0.55×
• Total profit: $-92,274
• Equity at exit: $62,685

Cash invested: $203,000 (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 33776

• Active inventory: 146
• Price-to-rent: 10.5×

Monthly cashflow live

• Estimated rent: $5,739 high
• Mortgage (P&I): −$3,802
• Tax from tax record: −$348 /mo · $4,176/yr
• Insurance: −$302
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,205
• Net cashflow: $82

Break-even live

Break-even rent $5,635

Max offer price $725,000

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: $181,250
• Closing costs: $21,750
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
12731 82nd Ave Seminole, FL	4.0	2.0	1594	$3,395	$2.13	24d	1	0.52mi
7672 140th St Unit NA Seminole, FL	4.0	3.5	2840	$4,700	$1.65	4d	1	0.64mi
326 176th Avenue Cir Redington Shores, FL	3.0	2.0	1980	$6,500	$3.28	24d	1	0.96mi
14323 83rd Pl N Unit 1471180P Seminole, FL	4.0	3.0	2895	$13,452	$4.65	21d	1	1.03mi
17900 Gulf Blvd Unit 16C Redington Shores, FL	3.0	3.0	1789	$3,450	$1.93	7d	1	1.10mi
17900 Gulf Blvd Unit 18-C Redington Shores, FL	3.0	2.5	1935	$4,200	$2.17	24d	1	1.10mi
17745 Gulf Blvd #303 Redington Shores, FL	3.0	3.5	3020	$5,995	$1.99	4d	1	1.11mi
17735 Gulf Blvd #204 Redington Shores, FL	3.0	3.0	1995	$5,500	$2.76	24d	1	1.14mi
17735 Gulf Blvd #501 Redington Shores, FL	3.0	3.0	1995	$4,995	$2.50	24d	1	1.14mi
8873 Tami St Seminole, FL	3.0	2.0	1898	$2,595	$1.37	7d	1	1.18mi
17810 Lee Ave Redington Shores, FL	4.0	4.0	3160	$18,000	$5.70	24d	1	1.19mi
19138 Whispering Pines Dr Indian Shores, FL	4.0	3.0	2424	$8,000	$3.30	24d	1	1.23mi
14414 91st Ave Seminole, FL	3.0	2.5	2083	$8,000	$3.84	24d	1	1.28mi
141 175th Ave E Redington Shores, FL	3.0	3.0	2544	$4,000	$1.57	24d	1	1.29mi
140 174th Ave E Unit A Redington Shores, FL	4.0	3.0	2394	$3,900	$1.63	7d	1	1.40mi
10075 West Bay St Seminole, FL	5.0	2.5	2043	$8,900	$4.36	24d	1	1.48mi

Listing history 5 events

1. 2026-05-12
   status Pending
2. 2026-05-07
   listed $725,000 Active
3. 2005-09-17
   soldstatus $375,000
4. 2005-09-12
   soldstatus $375,000 632-char remark

   Show marketing remark (632 chars)

   Well maintained 4/3 home, on Cul de sac, great Seminole location, walk or bike to beaches, shopping and restaurants. Some of the features include; Large foyer with stone wall and planter, cathedral ceilings, clerestory windows in foyer, family room, living room and dining room. Built in bar in family room, pass thru counter bar from kitchen, recessed lights over both bars and separate inside laundry area. Some of the outside features include; 36 x 17 pool, Wally watt with wood floor, work bench and laundry tub in garage, attic storage, grapefruit tree and much more. Home Warranty included. Will not last, bring your Buyers!

5. 2005-06-21
   listed $399,000 632-char remark

   Show marketing remark (632 chars)

   Well maintained 4/3 home, on Cul de sac, great Seminole location, walk or bike to beaches, shopping and restaurants. Some of the features include; Large foyer with stone wall and planter, cathedral ceilings, clerestory windows in foyer, family room, living room and dining room. Built in bar in family room, pass thru counter bar from kitchen, recessed lights over both bars and separate inside laundry area. Some of the outside features include; 36 x 17 pool, Wally watt with wood floor, work bench and laundry tub in garage, attic storage, grapefruit tree and much more. Home Warranty included. Will not last, bring your Buyers!

ⓘ 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: $4,176 · $348/mo
• Projected year-2 tax: $6,018 · $501/mo
• Expected delta: +$1,842/yr (+$153/mo · 44.1%)

ⓘ 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 8 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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $68,874
• − Mortgage interest: −$40,611
• − Property taxes: −$4,176
• − Insurance: −$3,625
• − Repairs & maintenance: −$5,510
• − Management: −$5,510
• − Depreciation: −$21,091
• Taxable loss: −$11,649
• Est. tax savings @ 24.0%: +$2,796
• After-tax cash flow: $3,781/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 — Redington Shores

• Score: 68/100
• State rank: #500
• US rank: #9225

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 12,711

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 (84%)
• Race & ethnicity: White 84% Hispanic / Latino 7% Two or more races 7% Asian 2% Black 2%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Romanian 7% Lithuanian 3% Slovak 1%
• Foreign-born: 9% · Canada, Jamaica
• Languages at home: 89% English-only · Other Indo-European 4% Russian/Polish/Slavic 3% Spanish 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: ▼ -455.42%
• Current HPI: 337.3149
• Rent YoY: —
• Metro: —
• 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

+81.7% since first listed

5 events — show timeline

• 2026-05-12 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-07 Listed $725,000 Stellar MLS as Distributed by MLS Grid
• 2005-09-17 Sold (Public Records) $375,000 Public Records
• 2005-09-12 Sold (MLS) $375,000 Stellar MLS as Distributed by MLS Grid
• 2005-06-21 Listed $399,000 Stellar MLS as Distributed by MLS Grid

Property tax history

-0.1%/yr

Latest (2025): $4,176 · +7.1% YoY. Source: county tax records.