1701 Pinehurst Rd Unit 34D · Dunedin, FL 34698

$123,900

1 bd · 1.0 ba · 645 sqft · Condo public records · 4 Days on market

Built 1973 $541/mo HOA · 33% 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).

• 1% rule +8.4/10.0
• Cash flow +8.1/30.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +4.3/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• DSCR +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to Pinehurst Village, the maintenance free 55+ community is in the heart of Dunedin. This 654 square foot one bedroom, one bathroom villa has a spacious floorplan. Over the years the owner has added some nice touches. Tile has been added throughout the living room, dining room and den. Interior accordion doors haven been installed for privacy. This unit also comes with an assigned parking spot under the carport. Guest parking for visitors are also available. Pinehurst Village offers a heated pool, EV charging stations, social activities, shuffleboard, a community park with gas grills and picnic tables. Pinehurst Village is located close to all that Dunedin has to offer. Starting with the cute downtown, Dunedin Marina and Dunedin Fine Arts Center (DFAC). Your only a few miles to the Dunedin Causeway & Honeymoon Island State Park. Pinehurst Village is waiting for you. .. .

Key facts

• Clubhouse
• Florida room
• Private patio

Tags

• FLORIDA ROOM
• NEWER HVAC SYSTEM
• PRIVATE PATIO
• ASSIGNED CARPORT
• HEATED POOL
• CLUBHOUSE

Property features AI

Finance

• Other: Turnkey furnished; Condo land included; Floor number: 1
• Financial info: Total monthly association fees $541 (total annual $6,492); Lease restrictions apply
• HOA & community: Monthly HOA fee of $541; Association: Resource Property Management; HOA includes cable TV, escrow reserves, insurance, building and grounds maintenance, pool, sewer, trash, and water; Association amenities: laundry, maintenance, pool; vehicle restrictions apply; Association approval required; Community features include clubhouse, community mailbox, deed restrictions, pool; senior community; Pets allowed with breed restrictions

Exterior

• Parking: Covered parking; Carport with 1 space; Guest parking available
• Utilities: Public water; Public sewer; Electricity available; Cable available; BB/HS internet available; Sewer connected; Water connected
• Home design: Condominium; Single-story (one level); Faces south; Completed condition
• Construction: Block and stucco construction; Tile roof; Slab foundation; Built as part of multi-unit building (building 34)
• Exterior features: Patio; Sidewalk; Asphalt road access

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 1 bedroom
• Flooring: Carpet; Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Living room/dining room combo; Window treatments; Bonus room
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $124k.

Deal economics

• At list price, monthly cash flow is $-122 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $102k (17.4% below list).
• Meets the 1% rule at list price ($2k rent vs $124k).
• Recommended offer: $102k (17.4% below list) — sets the bar for cash-flow.
• Cap rate 5.1% vs local median 2.8% in Dunedin — 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 86/100 on livability (#15 in FL, #411 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, housing A+; Watch: employment C-, amenities D.
• 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 (+2.7%/yr); 478 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 $857 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

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 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.

Risks & watch-outs

• Watch-outs: HOA is 33% of rent.
• Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $102,399 (17.4% 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. Built in 1973 — 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. 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?
8. 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.
9. 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.
10. 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: 1.34% ✓
• Cap rate: 5.11%
• Cash-on-cash: -4.21%
• DSCR: 0.81
• GRM: 6.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.69% rent growth · sell at horizon

5-year hold

• IRR: -23.6%
• Equity multiple: 0.19×
• Total profit: $-27,966
• Equity at exit: $18,474

10-year hold

• IRR: -18.8%
• Equity multiple: -0.01×
• Total profit: $-34,901
• Equity at exit: $10,713

Cash invested: $34,692 (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 34698

• Rents YoY: 2.7%
• Active inventory: 478
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,655 high
• Mortgage (P&I): −$650
• Tax from tax record: −$187 /mo · $2,246/yr
• Insurance: −$52
• HOA: −$541
• Vacancy / Maint / Mgmt: −$348
• Net cashflow: $-122

Break-even live

Break-even rent $1,810

Max offer price $102,399

Occupancy floor —

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: $30,975
• Closing costs: $3,717
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1515 County Road 1 Dunedin, FL	1.0–2.0	1.0	719	$1,250	$1.74	8d	1	0.63mi
1196 Angle Rd Dunedin, FL	1.0	1.0	700	$1,675	$2.39	4d	1	0.84mi
639 Michigan Blvd Unit 1800 Dunedin, FL	1.0	1.0	616	$1,200	$1.95	24d	1	0.88mi
690 Regina Rd Dunedin, FL	2.0	1.0	745	$2,195	$2.95	4d	1	0.95mi
905 Patricia Ave Dunedin, FL	1.0	1.0	550	$1,800	$3.27	24d	1	1.09mi
612 Bass Ct Dunedin, FL	1.0–2.0	1.0	698	$1,479	$2.12	2d	6	1.17mi
1600 Pasadena Dr Unit B Dunedin, FL	1.0	1.0	400	$1,450	$3.62	24d	1	1.17mi
1600 Pasadena Dr Unit A Dunedin, FL	1.0	1.0	385	$1,250	$3.25	14d	1	1.17mi
1523 Bayshore Blvd Unit 3 Dunedin, FL	1.0	1.0	640	$2,750	$4.30	24d	1	1.25mi
580 Skinner Blvd Unit 4 Dunedin, FL	2.0	1.0	750	$2,045	$2.73	24d	1	1.32mi
602 Skinner Blvd Dunedin, FL	1.0	1.5	448	$2,750	$6.14	24d	1	1.33mi
3055 Belcher Rd Dunedin, FL	2.0	1.0	750	$1,345	$1.79	22d	1	1.43mi
451 Skinner Blvd Unit A Dunedin, FL	2.0	1.0	750	$1,500	$2.00	8d	1	1.47mi
416 Skinner Blvd Unit B Dunedin, FL	1.0	1.0	620	$1,795	$2.90	24d	1	1.48mi
3071 Park Ln Unit C Dunedin, FL	1.0	1.0	690	$1,195	$1.73	24d	1	1.49mi

HOA detail condo

• Monthly dues: $541 · $6,492/yr
• Likely covers: gaspoolparking
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 5 events

1. 2026-06-18
   days on market $123,900 Active 4 DOM
2. 2026-06-17
   days on market $123,900 Active 3 DOM
3. 2026-06-16
   days on market $123,900 Active 2 DOM
4. 2026-06-15
   remarks 699-char remark
5. 2026-06-15
   listed $123,900 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: $2,246 · $187/mo
• Projected year-2 tax: $2,246 · $187/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 (unshaded) · 66% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 27 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: $19,866
• − Mortgage interest: −$6,940
• − Property taxes: −$2,246
• − Insurance: −$620
• − Repairs & maintenance: −$1,589
• − Management: −$1,589
• − HOA: −$6,492
• − Depreciation: −$3,604
• Taxable loss: −$3,215
• Est. tax savings @ 24.0%: +$772
• After-tax cash flow: $-689/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 — Dunedin

• Score: 86/100
• State rank: #15
• US rank: #411

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Dunedin, FL
• County: Pinellas County · 939,478 people
• City population: 38,171
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 38,171
• Household income: $74,078
• Rent vs Own: 26.6% rent · 73.4% own
• Severe rent burden: 1390.0

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 7% Hispanic / Latino 6% Black 5% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Lithuanian 4% Slovak 3% Romanian 3%
• Foreign-born: 8% · Canada, South Korea
• Languages at home: 92% English-only · Spanish 3% Other Indo-European 2% 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: ▼ -515.66%
• Current HPI: 387.4694
• Rent YoY: ▲ 2.69%
• 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

+313.0% since first listed

12 events — show timeline

• 2026-06-14 Listed $123,900 Stellar MLS as Distributed by MLS Grid
• 2023-09-01 Sold (Public Records) $155,000 Public Records
• 2023-07-14 Sold (MLS) $155,000 Stellar MLS as Distributed by MLS Grid
• 2023-06-28 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-06-23 Price Changed $158,000 Stellar MLS as Distributed by MLS Grid
• 2023-05-26 Listed $160,000 Stellar MLS as Distributed by MLS Grid
• 2015-01-26 Sold (Public Records) $44,000 Public Records
• 2005-05-03 Sold (Public Records) $60,500 Public Records
• 2005-04-29 Sold (MLS) $60,500 Stellar MLS as Distributed by MLS Grid
• 2005-03-05 Listed $62,900 Stellar MLS as Distributed by MLS Grid
• 1996-04-25 Sold (Public Records) $33,500 Public Records
• 1992-03-09 Sold (Public Records) $30,000 Public Records

Property tax history

+11.1%/yr

Latest (2025): $2,246 · -1.3% YoY. Source: county tax records.