391 Madeira Cir · Tierra Verde, FL 33715

$399,900

3 bd · 3.0 ba · 1,585 sqft · Condo public records · 210 Days on market

Built 1996 $645/mo HOA · 15% 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 +11.4/30.0
• ARV discount +7.5/15.0
• 1% rule +5.7/10.0
• Appreciation +4.9/10.0
• Schools +4.3/10.0
• DSCR +3.3/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Sit out on your master bedroom or living room deck with a bottle of wine and enjoy the breeze. Walk directly across the way to the pool complex that features a heated spa, oversized salt water heated pool, full fitness center and club room. Surrounded by mature landscaping and located in the middle of the development this pool area is sheltered from the wind and creates a most tropical setting. Beautiful tennis courts round out the luxury amenities. Launch your paddle board or kayak off the community dock, rent a slip from a neighbor or store your boat in the high and dry at the marina across the street and gain direct access to Tampa Bay and the Gulf of Mexico with no fixed bridges. The water is your playground whether it be to paddle to see the sunset or putt over to the nearest key to fish. Located on front end of the island oasis of Tierra Verde, this waterfront complex with its walkable extensive dock system, is steps away from restaurants, marina, shops, and everything you need for your waterfront lifestyle. Famed Fort Desoto State Park lies at the end of the island. This spacious 3 bedroom 3 full bath townhome with tandem 3 car garage has rooms for your guests and your toys. Beautifully appointed and updated with wood floors, neutral colors, granite, stainless appliances and tasteful finishes. The association recently replaced the roofs, and has abundant reserves, and low HOA fees. You won't have to lift a finger; making this the only place you will need to call home, or the perfect getaway.

Key facts

• Generous cabinetry
• Private balcony
• Vaulted ceilings

Tags

• TIERRA VERDE LOCATION
• WOOD BURNING FIREPLACE
• PRIVATE BALCONY
• GENEROUS CABINETRY
• BREAKFAST BAR
• VAULTED CEILINGS

Property features AI

Finance

• Other: Lease restrictions apply
• Financial info: Total monthly fees reported as $645; Total annual fees reported as $7,740
• HOA & community: Monthly HOA fee of $645; HOA requires approval; Association amenities include fitness center, pool, spa/hot tub, tennis courts, pickleball courts, clubhouse and recreational facilities; Association fees cover cable TV, internet, pool, maintenance (structure & grounds), management, sewer, trash and water; Pets allowed (max ~100 lbs); Buyer/association approval required for sale

Exterior

• Parking: Attached garage (2 spaces); Garage dimensions approximately 13 x 48
• Security: Smoke detectors
• Utilities: Public water; Public sewer; Cable available and connected; High-speed internet/BB/HS available; Electricity available and connected; Phone available; Underground utilities; Water and sewer connected
• Home design: Residential townhouse; Completed condition; Three or more stories; Faces north
• Construction: Block, stucco and frame construction; Shingle roof; Slab foundation; Built as part of Palms of Tierra
• Exterior features: Covered patio/porch; Balcony; Sliding doors; Canal (saltwater) access

Interior

• Kitchen: Range; Microwave; Dishwasher; Garbage disposal; Refrigerator; Stone counters
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Tile; Wood
• Bathrooms: 3 full bathrooms
• Heating & cooling: Central heating; Electric heating; Heat pump; Central air conditioning
• Interior features: Built-in features; Ceiling fans; Crown molding; High ceilings; Living room/dining room combo; Open floorplan; Stone counters; Thermostat; Vaulted ceilings; Walk-in closets; Window treatments; Skylights; Blinds; Drapes and rods; Wood burning fireplace
• Laundry & utility: Washer hookup; Dryer hookup (electric); Inside laundry; Laundry closet; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath condo listed at $400k.

Deal economics

• At list price, monthly cash flow is $-563 ($-7k/yr) — negative.
• To cash-flow at today's rent, offer at most $300k (24.9% below list).
• Meets the 1% rule at list price ($4k rent vs $400k).
• Recommended offer: $300k (24.9% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 65/100 on livability (#646 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, cost of living 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: Gulfport Montessori Elementary School (math 35% / reading 33%, grade F, #1,744 of 2,144 statewide, top 82%, 435 students, 86% FRL); Lakewood High School (math 27% / reading 44%, grade F, #367 of 667 statewide, top 57%, 915 students, 59% FRL) — zoned schools average 72% FRL vs 48% district-wide (24 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 35% at this address vs 51% district-wide (-16 pts) — the specific schools serving this property underperform the Pinellas average; the district grade overstates school quality for this exact location.
• Market conditions: 282 active listings in the ZIP; 40 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).

Forward outlook

• In year one you build about $2k of equity ($3k loan paydown + $-619 appreciation (-0.1% local appreciation)).
• Pinellas County population projected at +14% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• By year 9, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 210 days — a 12% lower offer ($352k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 22y ago; this cycle's ask has dropped $89k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $259k; list at $400k implies a 54% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: 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 $300,437 (24.9% 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 210 days. Have you received any prior offers? Is the seller open to a 25% concession, seller financing, or rate buy-down credit?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. 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?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
9. 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?
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: 1.07% ✓
• Cap rate: 5.88%
• Cash-on-cash: -1.46%
• DSCR: 0.93
• GRM: 7.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-0.15% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -9.6%
• Equity multiple: 0.56×
• Total profit: $-49,678
• Equity at exit: $113,031

10-year hold

• IRR: -3.2%
• Equity multiple: 0.67×
• Total profit: $-37,044
• Equity at exit: $133,429

Cash invested: $111,972 (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 33715

• Home prices YoY: -0.1%
• Active inventory: 282
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $4,266 high
• Mortgage (P&I): −$2,097
• Tax from tax record: −$598 /mo · $7,179/yr
• Insurance: −$167
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$645
• Vacancy / Maint / Mgmt: −$896
• Net cashflow: $-563

Break-even live

Break-even rent $4,979

Max offer price $300,437

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: $99,975
• Closing costs: $11,997
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
375 Madeira Cir Saint Petersburg, FL	3.0	3.0	1585	$4,200	$2.65	14d	1	0.02mi
346 Madeira Cir Saint Petersburg, FL	3.0	2.5	1585	$3,300	$2.08	3d	1	0.04mi
363 Pinellas Bayway S #50 Saint Petersburg, FL	2.0	2.0	1365	$4,800	$3.52	4d	1	0.15mi
637 Pinellas Bayway Unit 105 Tierra Verde, FL	2.0	2.5	1650	$4,000	$2.42	4d	1	0.28mi
126 1st St E #210 Saint Petersburg, FL	2.0	2.0	1220	$3,700	$3.03	3d	1	0.31mi
719 Pinellas Bayway S #301 St Petersburg, FL	2.0	2.0	1110	$2,800	$2.52	4d	1	0.32mi
113 1st St E #103 Saint Petersburg, FL	2.0	2.0	1220	$3,750	$3.07	18d	1	0.38mi
745 Pinellas Bayway S #206 Saint Petersburg, FL	2.0	2.5	1475	$2,950	$2.00	20d	1	0.38mi
745 Pinellas Bayway S #105 Saint Petersburg, FL	2.0	2.5	1475	$3,000	$2.03	24d	1	0.38mi
751 Pinellas Bayway S #305 Saint Petersburg, FL	2.0	2.5	1600	$3,200	$2.00	24d	1	0.43mi
337 1st St W Saint Petersburg, FL	3.0	2.0	1679	$4,800	$2.86	24d	1	0.53mi
853 2nd Ave S Tierra Verde, FL	3.0	2.0	1841	$4,300	$2.34	24d	1	0.53mi
910 Pinellas Bayway S #103 Saint Petersburg, FL	2.0	2.0	1580	$3,900	$2.47	24d	1	0.54mi
1055 Pinellas Bayway S Saint Petersburg, FL	3.0	3.5	2236	$6,000	$2.68	2d	1	0.63mi
1101 Pinellas Bayway S #303 Saint Petersburg, FL	2.0	2.5	2014	$3,550	$1.76	24d	1	0.65mi
1101 Pinellas Bayway S Tierra Verde, FL	2.0	2.5	2014	$3,700	$1.84	24d	1	0.66mi
1117 Pinellas Bayway S #303 St Petersburg, FL	3.0	2.5	1918	$3,200	$1.67	18d	1	0.73mi
1117 Pinellas Bayway S #306 St Petersburg, FL	2.0	2.5	1918	$4,550	$2.37	3d	1	0.73mi
113 4th Ave St Pete Beach, FL	3.0	2.0	1600	$7,500	$4.69	1d	1	0.94mi
106 7th Ave St Pete Beach, FL	3.0	3.0	1599	$9,000	$5.63	24d	1	0.94mi
108 11th Ave St Pete Beach, FL	2.0	2.0	1079	$7,000	$6.49	24d	1	0.95mi
2460 E Vina del Mar Blvd St Pete Beach, FL	3.0	3.0	2109	$7,500	$3.56	4d	1	1.02mi
1575 Pinellas Bayway S Unit 1575 St. Petersburg, FL	3.0	3.5	2100	$3,700	$1.76	24d	1	1.07mi
330 N Tessier Dr St Pete Beach, FL	2.0	2.0	1352	$3,500	$2.59	24d	1	1.13mi
301 N Tessier Dr Unit 1545798P St Pete Beach, FL	3.0	2.0	1894	$4,355	$2.30	12d	1	1.18mi
291 N Tessier Dr St Pete Beach, FL	3.0	2.0	1975	$6,500	$3.29	4d	1	1.19mi
6105 Bahia del Mar Cir #382 Saint Petersburg, FL	2.0	2.0	1185	$5,930	$5.00	24d	1	1.23mi
6105 Bahia del Mar Cir #287 Saint Petersburg, FL	2.0	2.0	1185	$7,510	$6.34	24d	1	1.23mi
6105 Bahia del Mar Cir #283 Saint Petersburg, FL	2.0	2.0	1185	$3,000	$2.53	24d	1	1.23mi
6093 Bahia del Mar Cir #478 Saint Petersburg, FL	2.0	2.0	1135	$2,200	$1.94	24d	1	1.27mi
6093 Bahia del Mar Cir #277 Saint Petersburg, FL	2.0	2.0	1215	$3,500	$2.88	24d	1	1.27mi
6291 Bahia del Mar Cir St Petersburg, FL	2.0	2.0	1222	$3,830	$3.13	24d	2	1.28mi
6085 Bahia del Mar Cir #467 Saint Petersburg, FL	2.0	2.0	1135	$6,960	$6.13	24d	1	1.31mi
6085 Bahia del Mar Cir #272 Saint Petersburg, FL	2.0	2.0	1170	$3,500	$2.99	24d	1	1.31mi
6085 Bahia del Mar Cir #468 Saint Petersburg, FL	2.0	2.0	1215	$9,398	$7.73	24d	1	1.31mi
6083 Bahia del Mar Cir #460 St Petersburg, FL	2.0	2.0	1215	$7,460	$6.14	4d	1	1.32mi
6083 Bahia del Mar Cir #159 Saint Petersburg, FL	2.0	2.0	1135	$8,310	$7.32	24d	1	1.32mi
5900 Bahia del Mar Cir #138 St Petersburg, FL	2.0	2.0	1075	$5,070	$4.72	4d	1	1.32mi
6295 Bahia del Mar Cir St Petersburg, FL	1.0–2.0	1.0–2.0	915	$7,110	$7.77	24d	6	1.35mi
3003 W Vina del Mar Blvd St Pete Beach, FL	4.0	2.0	1884	$7,000	$3.72	4d	1	1.35mi

HOA detail condo

• Monthly dues: $645 · $7,740/yr
• Likely covers: waterlandscapingpoolgym
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 35 events

1. 2026-06-18
   days on market $399,900 Active 210 DOM
2. 2026-06-17
   days on market $399,900 Active 209 DOM
3. 2026-06-16
   days on market $399,900 Active 208 DOM
4. 2026-06-15
   days on market $399,900 Active 207 DOM
5. 2026-06-13
   days on market $399,900 Active 205 DOM
6. 2026-06-09
   days on market $399,900 Active 201 DOM
7. 2026-06-08
   days on market $399,900 Active 200 DOM
8. 2026-06-08
   price $399,900 Active 199 DOM
9. 2026-06-07
   days on market $425,000 Active 199 DOM
10. 2026-06-04
    days on market $425,000 Active 196 DOM
11. 2026-06-03
    days on market $425,000 Active 195 DOM
12. 2026-06-01
    days on market $425,000 Active 193 DOM
13. 2026-05-31
    days on market $425,000 Active 192 DOM
14. 2026-05-20
    price $425,000
15. 2026-03-23
    price $429,000
16. 2026-01-11
    price $469,000
17. 2025-11-20
    listed $489,000 Active
18. 2018-05-15
    soldstatus $259,000
19. 2018-05-10
    soldstatus $259,000 Sold 1524-char remark

    Show marketing remark (1524 chars)

    Sit out on your master bedroom or living room deck with a bottle of wine and enjoy the breeze. Walk directly across the way to the pool complex that features a heated spa, oversized salt water heated pool, full fitness center and club room. Surrounded by mature landscaping and located in the middle of the development this pool area is sheltered from the wind and creates a most tropical setting. Beautiful tennis courts round out the luxury amenities. Launch your paddle board or kayak off the community dock, rent a slip from a neighbor or store your boat in the high and dry at the marina across the street and gain direct access to Tampa Bay and the Gulf of Mexico with no fixed bridges. The water is your playground whether it be to paddle to see the sunset or putt over to the nearest key to fish. Located on front end of the island oasis of Tierra Verde, this waterfront complex with its walkable extensive dock system, is steps away from restaurants, marina, shops, and everything you need for your waterfront lifestyle. Famed Fort Desoto State Park lies at the end of the island. This spacious 3 bedroom 3 full bath townhome with tandem 3 car garage has rooms for your guests and your toys. Beautifully appointed and updated with wood floors, neutral colors, granite, stainless appliances and tasteful finishes. The association recently replaced the roofs, and has abundant reserves, and low HOA fees. You won't have to lift a finger; making this the only place you will need to call home, or the perfect getaway.

20. 2018-04-10
    status Pending 1524-char remark

    Show marketing remark (1524 chars)

    Sit out on your master bedroom or living room deck with a bottle of wine and enjoy the breeze. Walk directly across the way to the pool complex that features a heated spa, oversized salt water heated pool, full fitness center and club room. Surrounded by mature landscaping and located in the middle of the development this pool area is sheltered from the wind and creates a most tropical setting. Beautiful tennis courts round out the luxury amenities. Launch your paddle board or kayak off the community dock, rent a slip from a neighbor or store your boat in the high and dry at the marina across the street and gain direct access to Tampa Bay and the Gulf of Mexico with no fixed bridges. The water is your playground whether it be to paddle to see the sunset or putt over to the nearest key to fish. Located on front end of the island oasis of Tierra Verde, this waterfront complex with its walkable extensive dock system, is steps away from restaurants, marina, shops, and everything you need for your waterfront lifestyle. Famed Fort Desoto State Park lies at the end of the island. This spacious 3 bedroom 3 full bath townhome with tandem 3 car garage has rooms for your guests and your toys. Beautifully appointed and updated with wood floors, neutral colors, granite, stainless appliances and tasteful finishes. The association recently replaced the roofs, and has abundant reserves, and low HOA fees. You won't have to lift a finger; making this the only place you will need to call home, or the perfect getaway.

21. 2018-03-24
    status Pending 1524-char remark

    Show marketing remark (1524 chars)

    Sit out on your master bedroom or living room deck with a bottle of wine and enjoy the breeze. Walk directly across the way to the pool complex that features a heated spa, oversized salt water heated pool, full fitness center and club room. Surrounded by mature landscaping and located in the middle of the development this pool area is sheltered from the wind and creates a most tropical setting. Beautiful tennis courts round out the luxury amenities. Launch your paddle board or kayak off the community dock, rent a slip from a neighbor or store your boat in the high and dry at the marina across the street and gain direct access to Tampa Bay and the Gulf of Mexico with no fixed bridges. The water is your playground whether it be to paddle to see the sunset or putt over to the nearest key to fish. Located on front end of the island oasis of Tierra Verde, this waterfront complex with its walkable extensive dock system, is steps away from restaurants, marina, shops, and everything you need for your waterfront lifestyle. Famed Fort Desoto State Park lies at the end of the island. This spacious 3 bedroom 3 full bath townhome with tandem 3 car garage has rooms for your guests and your toys. Beautifully appointed and updated with wood floors, neutral colors, granite, stainless appliances and tasteful finishes. The association recently replaced the roofs, and has abundant reserves, and low HOA fees. You won't have to lift a finger; making this the only place you will need to call home, or the perfect getaway.

22. 2018-03-22
    status Pending 1524-char remark

    Show marketing remark (1524 chars)

    Sit out on your master bedroom or living room deck with a bottle of wine and enjoy the breeze. Walk directly across the way to the pool complex that features a heated spa, oversized salt water heated pool, full fitness center and club room. Surrounded by mature landscaping and located in the middle of the development this pool area is sheltered from the wind and creates a most tropical setting. Beautiful tennis courts round out the luxury amenities. Launch your paddle board or kayak off the community dock, rent a slip from a neighbor or store your boat in the high and dry at the marina across the street and gain direct access to Tampa Bay and the Gulf of Mexico with no fixed bridges. The water is your playground whether it be to paddle to see the sunset or putt over to the nearest key to fish. Located on front end of the island oasis of Tierra Verde, this waterfront complex with its walkable extensive dock system, is steps away from restaurants, marina, shops, and everything you need for your waterfront lifestyle. Famed Fort Desoto State Park lies at the end of the island. This spacious 3 bedroom 3 full bath townhome with tandem 3 car garage has rooms for your guests and your toys. Beautifully appointed and updated with wood floors, neutral colors, granite, stainless appliances and tasteful finishes. The association recently replaced the roofs, and has abundant reserves, and low HOA fees. You won't have to lift a finger; making this the only place you will need to call home, or the perfect getaway.

23. 2018-03-14
    status Pending 1524-char remark

    Show marketing remark (1524 chars)

    Sit out on your master bedroom or living room deck with a bottle of wine and enjoy the breeze. Walk directly across the way to the pool complex that features a heated spa, oversized salt water heated pool, full fitness center and club room. Surrounded by mature landscaping and located in the middle of the development this pool area is sheltered from the wind and creates a most tropical setting. Beautiful tennis courts round out the luxury amenities. Launch your paddle board or kayak off the community dock, rent a slip from a neighbor or store your boat in the high and dry at the marina across the street and gain direct access to Tampa Bay and the Gulf of Mexico with no fixed bridges. The water is your playground whether it be to paddle to see the sunset or putt over to the nearest key to fish. Located on front end of the island oasis of Tierra Verde, this waterfront complex with its walkable extensive dock system, is steps away from restaurants, marina, shops, and everything you need for your waterfront lifestyle. Famed Fort Desoto State Park lies at the end of the island. This spacious 3 bedroom 3 full bath townhome with tandem 3 car garage has rooms for your guests and your toys. Beautifully appointed and updated with wood floors, neutral colors, granite, stainless appliances and tasteful finishes. The association recently replaced the roofs, and has abundant reserves, and low HOA fees. You won't have to lift a finger; making this the only place you will need to call home, or the perfect getaway.

24. 2018-03-11
    listed $259,000 Active 1524-char remark

    Show marketing remark (1524 chars)

    Sit out on your master bedroom or living room deck with a bottle of wine and enjoy the breeze. Walk directly across the way to the pool complex that features a heated spa, oversized salt water heated pool, full fitness center and club room. Surrounded by mature landscaping and located in the middle of the development this pool area is sheltered from the wind and creates a most tropical setting. Beautiful tennis courts round out the luxury amenities. Launch your paddle board or kayak off the community dock, rent a slip from a neighbor or store your boat in the high and dry at the marina across the street and gain direct access to Tampa Bay and the Gulf of Mexico with no fixed bridges. The water is your playground whether it be to paddle to see the sunset or putt over to the nearest key to fish. Located on front end of the island oasis of Tierra Verde, this waterfront complex with its walkable extensive dock system, is steps away from restaurants, marina, shops, and everything you need for your waterfront lifestyle. Famed Fort Desoto State Park lies at the end of the island. This spacious 3 bedroom 3 full bath townhome with tandem 3 car garage has rooms for your guests and your toys. Beautifully appointed and updated with wood floors, neutral colors, granite, stainless appliances and tasteful finishes. The association recently replaced the roofs, and has abundant reserves, and low HOA fees. You won't have to lift a finger; making this the only place you will need to call home, or the perfect getaway.

25. 2013-05-15
    historical
26. 2012-10-08
    listed $269,000
27. 2009-06-02
    listed $329,900
28. 2007-11-17
    listed $334,500
29. 2004-11-08
    soldstatus $279,900
30. 2004-11-05
    soldstatus $279,900
31. 2004-09-29
    historical
32. 2004-08-23
    listed $279,900
33. 2004-07-22
    listed $268,800
34. 2004-04-25
    listed $268,800
35. 1996-06-13
    soldstatus $118,400

ⓘ 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: $7,179 · $598/mo
• Projected year-2 tax: $7,179 · $598/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 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°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: $51,198
• − Mortgage interest: −$22,401
• − Property taxes: −$7,179
• − Insurance: −$7,118
• − Repairs & maintenance: −$4,096
• − Management: −$4,096
• − HOA: −$7,740
• − Depreciation: −$11,633
• Taxable loss: −$13,065
• Est. tax savings @ 24.0%: +$3,136
• After-tax cash flow: $-3,621/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 — Tierra Verde

• Score: 65/100
• State rank: #646
• US rank: #12766

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Tierra Verde, FL
• County: Pinellas County · 939,478 people
• City population: 7,932
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 8,032
• Household income: $102,782
• Rent vs Own: 9.2% rent · 90.8% own
• Severe rent burden: 106.0

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 (89%)
• Race & ethnicity: White 89% Two or more races 5% Hispanic / Latino 5% Asian 2%
• Hispanic origin (detail): Puerto Rican 2%
• Common ancestry: Romanian 6% Hungarian 3% Lithuanian 3%
• Foreign-born: 11% · Canada, China
• Languages at home: 88% English-only · Spanish 5% Russian/Polish/Slavic 2% Arabic 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: ▼ -0.15%
• Current HPI: 264.9727
• Rent YoY: —
• 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

+259.0% since first listed

22 events — show timeline

• 2026-05-20 Price Changed $425,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-23 Price Changed $429,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-11 Price Changed $469,000 Stellar MLS as Distributed by MLS Grid
• 2025-11-20 Listed $489,000 Stellar MLS as Distributed by MLS Grid
• 2018-05-15 Sold (Public Records) $259,000 Public Records
• 2018-05-10 Sold (MLS) $259,000 Stellar MLS as Distributed by MLS Grid
• 2018-04-10 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-03-24 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-03-22 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-03-14 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-03-11 Listed $259,000 Stellar MLS as Distributed by MLS Grid
• 2013-05-15 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2012-10-08 Listed $269,000 Stellar MLS as Distributed by MLS Grid
• 2009-06-02 Listed $329,900 Stellar MLS as Distributed by MLS Grid
• 2007-11-17 Listed $334,500 Stellar MLS as Distributed by MLS Grid
• 2004-11-08 Sold (Public Records) $279,900 Public Records
• 2004-11-05 Sold (MLS) $279,900 Stellar MLS as Distributed by MLS Grid
• 2004-09-29 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2004-08-23 Listed $279,900 Stellar MLS as Distributed by MLS Grid
• 2004-07-22 Listed $268,800 Stellar MLS as Distributed by MLS Grid
• 2004-04-25 Listed $268,800 Stellar MLS as Distributed by MLS Grid
• 1996-06-13 Sold (Public Records) $118,400 Public Records

Property tax history

+6.6%/yr

Latest (2025): $7,179 · +10.3% YoY. Source: county tax records.