705 Shore Dr E · Oldsmar, FL 34677

$158,990

4 bd · 2.5 ba · 2,155 sqft · SingleFamily public records · 24 Days on market

Built 1974 0.32 ac lot

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Why this score? — see what drove the B 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +4.2/5.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

MOTIVATED SELLER! Price Reduced to let you choose your own updates. This 4 Bedroom 2.5 Bath 2-Story Pool home is waiting for its next owner to continue caring for it and make it their own. This home has been lovingly taken care of by its longtime owner of 30 years plus. This beautiful piece of property is located directly across the street from Old Tampa Bay with WATER VIEW. Enjoy the wood burning fireplace while watching the sunset over the Bay from the front Living Room or take in the breathtaking Bay view from the 2 front upstairs Bedrooms. This home boasts a large living area perfect for entertaining and holiday visitors. The first floor has Living Room/Dining Room, Den, Kitchen, Half Bath, Laundry and 2 Car Garage access. The second floor has 4 Bedrooms and 2 full Baths. The Master Bedroom offers a balcony that overlooks the pool and backyard areas. Step through the French doors to the covered patio that leads to the HUGE inviting screened inground pool. There is plenty of room to roam in the expansive fenced backyard perfect for outdoor activities. The property is located near to several parks including the water front park of Oldsmar which includes picnic areas, fishing pier, park benches and a playground area. This is your chance to own a piece of Florida living at its best. Don't miss out, this home is priced to sell. Call today for an appointment to view this home.

Key facts

• New a/c units
• 0.32 acre lot
• 2 garage spots

Tags

• NEW A/C UNITS

Property features AI

Finance

• Other: Unfurnished; No lease restrictions indicated
• HOA & community: No association

Exterior

• Parking: Attached 2-car garage
• Utilities: Public sewer; Public utilities; No water source specified
• Home design: Single family residence; Residential property; Two levels; Faces south; Fixer condition
• Construction: Block, stucco and frame construction; Shingle roof; Slab foundation; Built on a 0.31-acre lot
• Exterior features: Private in-ground pool; Paved road access

Interior

• Kitchen: No appliances listed
• Bedrooms: 4 bedrooms
• Flooring: Carpet; Concrete; Laminate
• Bathrooms: 2 full baths; 1 half bath
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Living room fireplace
• Laundry & utility: Laundry inside

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $159k.

Deal economics

• At list price, monthly cash flow is $536 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $159k).
• Recommended offer: $157k (1.5% below list) — sets the bar for market timing.
• Cap rate 13.6% vs local median 2.8% in Oldsmar — 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 83/100 on livability (#49 in FL, #908 nationally) — a professional / high-income tenant draw. Strengths: housing A+, health & safety A+, commute A; Watch: 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 soft (-2.6%/yr); 283 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 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 38% of the median local income ($93k/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 $5k 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 24 days — a 2% lower offer ($157k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 13y ago; this cycle's ask has dropped $20k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 3.4% of price; 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 $156,605 (1.5% below list)

Questions for the listing agent

1. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-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?
6. 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.
7. 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.
8. 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: 1.84% ✓
• Cap rate: 13.56%
• Cash-on-cash: 25.94%
• DSCR: 2.15
• GRM: 4.5

CMA / ARV

• ARV (on-the-fly): $803,815
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
611 Shore Dr E	0.05mi	3/2.0 (-1)	2,160 (+0%)	11mo	$560,000	$259	81
610 Shore Dr E	0.09mi	3/3.0 (-1)	2,102 (-2%)	14mo	$1,224,900	$583	73
608 Shore Dr E	0.10mi	3/3.5 (-1)	2,256 (+5%)	24mo	$910,000	$403	59
199 Bengal Cir	0.35mi	3/2.0 (-1)	2,235 (+4%)	18mo	$653,500	$292	56
203 Dunkirk Rd	0.56mi	4/3.0	1,970 (-9%)	18mo	$735,000	$373	42
400 Country Club Dr	0.49mi	3/2.0 (-1)	1,870 (-13%)	15mo	$299,900	$160	35

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 0.1%
• Equity multiple: 1.01×
• Total profit: $238
• Equity at exit: $23,706

10-year hold

• IRR: 4.9%
• Equity multiple: 1.29×
• Total profit: $12,844
• Equity at exit: $13,747

Cash invested: $44,517 (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 34677

• Rents YoY: -2.6%
• Active inventory: 283
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $2,930 medium
• Mortgage (P&I): −$834
• Tax from tax record: −$452 /mo · $5,427/yr
• Insurance: −$66
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$615
• Net cashflow: $536

Break-even live

Break-even rent $2,252

Max offer price $158,990

Occupancy floor 77%

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: $39,748
• Closing costs: $4,770
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
309 Fairfield St Oldsmar, FL	4.0	2.0	1566	$3,000	$1.92	24d	1	1.31mi
309 Fairfield St Oldsmar, FL	4.0	2.0	1566	$3,000	$1.92	4d	1	1.31mi
306 Park Blvd Oldsmar, FL	3.0	1.0	1456	$2,800	$1.92	24d	1	1.37mi

Listing history 13 events

1. 2026-05-22
   status Pending
2. 2026-05-19
   status Active
3. 2026-05-19
   price $158,990
4. 2026-01-12
   status Pending
5. 2025-12-22
   listed $178,990 Active
6. 2016-02-01
   soldstatus $245,000
7. 2016-01-29
   soldstatus $245,000 Sold 1399-char remark

   Show marketing remark (1399 chars)

   MOTIVATED SELLER! Price Reduced to let you choose your own updates. This 4 Bedroom 2.5 Bath 2-Story Pool home is waiting for its next owner to continue caring for it and make it their own. This home has been lovingly taken care of by its longtime owner of 30 years plus. This beautiful piece of property is located directly across the street from Old Tampa Bay with WATER VIEW. Enjoy the wood burning fireplace while watching the sunset over the Bay from the front Living Room or take in the breathtaking Bay view from the 2 front upstairs Bedrooms. This home boasts a large living area perfect for entertaining and holiday visitors. The first floor has Living Room/Dining Room, Den, Kitchen, Half Bath, Laundry and 2 Car Garage access. The second floor has 4 Bedrooms and 2 full Baths. The Master Bedroom offers a balcony that overlooks the pool and backyard areas. Step through the French doors to the covered patio that leads to the HUGE inviting screened inground pool. There is plenty of room to roam in the expansive fenced backyard perfect for outdoor activities. The property is located near to several parks including the water front park of Oldsmar which includes picnic areas, fishing pier, park benches and a playground area. This is your chance to own a piece of Florida living at its best. Don't miss out, this home is priced to sell. Call today for an appointment to view this home.

8. 2015-12-15
   status Pending 1399-char remark

   Show marketing remark (1399 chars)

   MOTIVATED SELLER! Price Reduced to let you choose your own updates. This 4 Bedroom 2.5 Bath 2-Story Pool home is waiting for its next owner to continue caring for it and make it their own. This home has been lovingly taken care of by its longtime owner of 30 years plus. This beautiful piece of property is located directly across the street from Old Tampa Bay with WATER VIEW. Enjoy the wood burning fireplace while watching the sunset over the Bay from the front Living Room or take in the breathtaking Bay view from the 2 front upstairs Bedrooms. This home boasts a large living area perfect for entertaining and holiday visitors. The first floor has Living Room/Dining Room, Den, Kitchen, Half Bath, Laundry and 2 Car Garage access. The second floor has 4 Bedrooms and 2 full Baths. The Master Bedroom offers a balcony that overlooks the pool and backyard areas. Step through the French doors to the covered patio that leads to the HUGE inviting screened inground pool. There is plenty of room to roam in the expansive fenced backyard perfect for outdoor activities. The property is located near to several parks including the water front park of Oldsmar which includes picnic areas, fishing pier, park benches and a playground area. This is your chance to own a piece of Florida living at its best. Don't miss out, this home is priced to sell. Call today for an appointment to view this home.

9. 2015-11-02
   price $249,900 1399-char remark

   Show marketing remark (1399 chars)

   MOTIVATED SELLER! Price Reduced to let you choose your own updates. This 4 Bedroom 2.5 Bath 2-Story Pool home is waiting for its next owner to continue caring for it and make it their own. This home has been lovingly taken care of by its longtime owner of 30 years plus. This beautiful piece of property is located directly across the street from Old Tampa Bay with WATER VIEW. Enjoy the wood burning fireplace while watching the sunset over the Bay from the front Living Room or take in the breathtaking Bay view from the 2 front upstairs Bedrooms. This home boasts a large living area perfect for entertaining and holiday visitors. The first floor has Living Room/Dining Room, Den, Kitchen, Half Bath, Laundry and 2 Car Garage access. The second floor has 4 Bedrooms and 2 full Baths. The Master Bedroom offers a balcony that overlooks the pool and backyard areas. Step through the French doors to the covered patio that leads to the HUGE inviting screened inground pool. There is plenty of room to roam in the expansive fenced backyard perfect for outdoor activities. The property is located near to several parks including the water front park of Oldsmar which includes picnic areas, fishing pier, park benches and a playground area. This is your chance to own a piece of Florida living at its best. Don't miss out, this home is priced to sell. Call today for an appointment to view this home.

10. 2015-10-02
    price $259,900 1399-char remark

    Show marketing remark (1399 chars)

    MOTIVATED SELLER! Price Reduced to let you choose your own updates. This 4 Bedroom 2.5 Bath 2-Story Pool home is waiting for its next owner to continue caring for it and make it their own. This home has been lovingly taken care of by its longtime owner of 30 years plus. This beautiful piece of property is located directly across the street from Old Tampa Bay with WATER VIEW. Enjoy the wood burning fireplace while watching the sunset over the Bay from the front Living Room or take in the breathtaking Bay view from the 2 front upstairs Bedrooms. This home boasts a large living area perfect for entertaining and holiday visitors. The first floor has Living Room/Dining Room, Den, Kitchen, Half Bath, Laundry and 2 Car Garage access. The second floor has 4 Bedrooms and 2 full Baths. The Master Bedroom offers a balcony that overlooks the pool and backyard areas. Step through the French doors to the covered patio that leads to the HUGE inviting screened inground pool. There is plenty of room to roam in the expansive fenced backyard perfect for outdoor activities. The property is located near to several parks including the water front park of Oldsmar which includes picnic areas, fishing pier, park benches and a playground area. This is your chance to own a piece of Florida living at its best. Don't miss out, this home is priced to sell. Call today for an appointment to view this home.

11. 2015-09-03
    listed $265,000 Active 1399-char remark

    Show marketing remark (1399 chars)

    MOTIVATED SELLER! Price Reduced to let you choose your own updates. This 4 Bedroom 2.5 Bath 2-Story Pool home is waiting for its next owner to continue caring for it and make it their own. This home has been lovingly taken care of by its longtime owner of 30 years plus. This beautiful piece of property is located directly across the street from Old Tampa Bay with WATER VIEW. Enjoy the wood burning fireplace while watching the sunset over the Bay from the front Living Room or take in the breathtaking Bay view from the 2 front upstairs Bedrooms. This home boasts a large living area perfect for entertaining and holiday visitors. The first floor has Living Room/Dining Room, Den, Kitchen, Half Bath, Laundry and 2 Car Garage access. The second floor has 4 Bedrooms and 2 full Baths. The Master Bedroom offers a balcony that overlooks the pool and backyard areas. Step through the French doors to the covered patio that leads to the HUGE inviting screened inground pool. There is plenty of room to roam in the expansive fenced backyard perfect for outdoor activities. The property is located near to several parks including the water front park of Oldsmar which includes picnic areas, fishing pier, park benches and a playground area. This is your chance to own a piece of Florida living at its best. Don't miss out, this home is priced to sell. Call today for an appointment to view this home.

12. 2013-05-24
    listed $259,900
13. 1985-11-01
    soldstatus $87,000

ⓘ 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: $5,427 · $452/mo
• Projected year-2 tax: $5,427 · $452/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 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 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: $35,158
• − Mortgage interest: −$8,906
• − Property taxes: −$5,427
• − Insurance: −$5,913
• − Repairs & maintenance: −$2,813
• − Management: −$2,813
• − Depreciation: −$4,625
• Taxable income: $4,662
• Est. tax owed @ 24.0%: −$1,119
• After-tax cash flow: $5,311/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 — Oldsmar

• Score: 83/100
• State rank: #49
• US rank: #908

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Oldsmar, FL
• County: Pinellas County · 939,478 people
• City population: 22,762
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 22,762
• Household income: $93,474
• Rent vs Own: 19.5% rent · 80.5% own
• Severe rent burden: 548.0

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 15% Two or more races 11% Black 4% Asian 4%
• Hispanic origin (detail): Mexican 3% Puerto Rican 4% Cuban 2%
• Common ancestry: Romanian 5% Slovak 3% Lithuanian 2%
• Foreign-born: 12% · Canada, Jamaica, China
• Languages at home: 85% English-only · Spanish 8% 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: ▼ -215.17%
• Current HPI: 296.7786
• Rent YoY: ▼ -2.58%
• 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

+82.7% since first listed

13 events — show timeline

• 2026-05-22 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-19 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-05-19 Price Changed $158,990 Stellar MLS as Distributed by MLS Grid
• 2026-01-12 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-12-22 Listed $178,990 Stellar MLS as Distributed by MLS Grid
• 2016-02-01 Sold (Public Records) $245,000 Public Records
• 2016-01-29 Sold (MLS) $245,000 Stellar MLS as Distributed by MLS Grid
• 2015-12-15 Pending — Stellar MLS as Distributed by MLS Grid
• 2015-11-02 Price Changed $249,900 Stellar MLS as Distributed by MLS Grid
• 2015-10-02 Price Changed $259,900 Stellar MLS as Distributed by MLS Grid
• 2015-09-03 Listed $265,000 Stellar MLS as Distributed by MLS Grid
• 2013-05-24 Listed $259,900 Stellar MLS as Distributed by MLS Grid
• 1985-11-01 Sold (Public Records) $87,000 Public Records

Property tax history

+4.0%/yr

Latest (2025): $5,427 · -20.8% YoY. Source: county tax records.