4885 1st St NE #212 · St. Petersburg, FL 33703

$129,900

1 bd · 1.0 ba · 790 sqft · Condo public records · 9 Days on market

Built 1971 $437/mo HOA · 22% of rent

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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 +26.7/30.0
• 1% rule +10.0/10.0
• DSCR +9.1/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Rent growth +3.1/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to the coveted 55+ community of Winston Park Northeast. Located just minutes from Downtown St. Petersburg, this spacious 1 bedroom / 1 bath unit offers tons of natural light, convenience, and comfort for your retirement enjoyment! All of the windows in the unit have been updated and the HVAC was installed at the end of 2018. Winston Park Northeast offers on-site laundry just down the hall from your unit and a beautiful recreation area with plenty of lush, mature, landscaping for you to enjoy as you take a morning stroll around the beautiful campus. A large community pool offers grilling areas and the shuffleboard courts are sure to offer year-round fun. There is an on-site car wash plus this unit comes with an additional storage area for added convenience. If you are looking for a place that offers excitement or peace and quiet and conveniently located, look no further, this is it!

Key facts

• Walk-in closet
• Florida room
• Granite countertops

Tags

• FLORIDA ROOM
• WALK-IN CLOSET
• NEW LUXURY VINYL FLOORING
• UPDATED LIGHT FIXTURES
• WHITE SHAKER CABINETRY
• GRANITE COUNTERTOPS

Property features AI

Finance

• Other: Unfurnished; Third-party listing attribution
• Financial info: Total annual association fees approximately $5,244; Lease restrictions apply
• HOA & community: HOA managed by Pro Bayway Management; Monthly condo/association fee of $437; Association approval required; Association amenities include clubhouse, pool, laundry, shuffleboard court, recreation facilities, storage, maintenance, cable TV; Association fees cover cable TV, electricity, pool, insurance, internet, maintenance (structure & grounds), management, pest control, private road maintenance, sewer, trash, water, escrow reserves and other items; Community features include clubhouse, pool, sidewalks, street lights, community mailbox, deed restrictions, and buyer approval requirement; Senior community; cats allowed with limits

Exterior

• Parking: Assigned covered parking; Ground level parking; Guest and reserved spaces; Carport (1 space)
• Utilities: Public water; Public sewer; Electricity connected; Cable connected; High-speed internet/BB available; Phone available; Underground utilities; Sewer connected; Water connected
• Home design: Residential condominium; Single-story building; Unit on the 2nd floor; West-facing
• Construction: Block and concrete construction; Membrane roof; Slab foundation; Building identified as #100
• Exterior features: Rain gutters; Sidewalk; On-site storage; Mature landscaping with trees; Near golf course; Near marina; Near public transit; City limits location; Private maintained road; Asphalt/paved roads

Interior

• Kitchen: Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 1 bedroom (located on 2nd floor)
• Flooring: Carpet; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating; Central air
• Interior features: Ceiling fans; Stone counters; Thermostat; Walk-in closet; Window treatments; Blinds; Building elevator
• Laundry & utility: Common area laundry room with corridor access

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $130k.

Deal economics

• At list price, monthly cash flow is $-77 ($-923/yr) — negative.
• To cash-flow at today's rent, offer at most $116k (10.5% below list).
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $116k (10.5% below list) — sets the bar for cash-flow.
• Cap rate 9.5% vs local median 2.6% in St. Petersburg — 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: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• 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: North Shore Elementary School (math 42% / reading 47%, grade F, #1,288 of 2,144 statewide, top 62%, 501 students, 46% FRL); Meadowlawn Middle School (math 29% / reading 30%, grade F, #469 of 571 statewide, top 84%, 832 students, 69% FRL); Northeast High School (math 35% / reading 47%, grade F, #289 of 667 statewide, top 44%, 1,736 students, 50% FRL).
• Zoned-school proficiency averages 38% at this address vs 51% district-wide (-13 pts) — the specific schools serving this property underperform the Pinellas average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+2.2%/yr); 457 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 10d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 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 $898 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 9 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.
• Current owner paid $85k; list at $130k implies a 53% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; HOA is 22% of rent.
• 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 $116,310 (10.5% 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 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.51% ✓
• Cap rate: 9.52%
• Cash-on-cash: 11.53%
• DSCR: 1.51
• GRM: 5.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.21% rent growth · sell at horizon

5-year hold

• IRR: -21.7%
• Equity multiple: 0.26×
• Total profit: $-27,018
• Equity at exit: $19,369

10-year hold

• IRR: -18.1%
• Equity multiple: 0.06×
• Total profit: $-34,141
• Equity at exit: $11,231

Cash invested: $36,372 (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 33703

• Rents YoY: 2.2%
• Active inventory: 457
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $1,959 high
• Mortgage (P&I): −$681
• Tax from tax record: −$26 /mo · $308/yr
• Insurance: −$54
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$437
• Vacancy / Maint / Mgmt: −$411
• Net cashflow: $-77

Break-even live

Break-even rent $2,056

Max offer price $116,310

Occupancy floor 99%

Sensitivity live

Price	-10% $-3	-5% $-40	+0% $-77	+5% $-114	+10% $-150
Rent	-10% $-232	-5% $-154	+0% $-77	+5% $0	+10% $78
Rate	-1.0pp $-12	-0.5pp $-44	base $-77	+0.5pp $-111	+1.0pp $-145

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
135 48th Ave N Unit B St. Petersburg, FL	1.0	1.0	800	$2,495	$3.12	26d	1	0.08mi
4681 1st St NE #209 Saint Petersburg, FL	2.0	2.0	1120	$2,100	$1.88	0d	1	0.09mi
120 47th Ave N Saint Petersburg, FL	1.0–2.0	1.0–2.0	914	$1,399	$1.53	4d	8	0.12mi
4651 1st St NE #306 Saint Petersburg, FL	2.0	2.0	1120	$2,900	$2.59	6d	1	0.15mi
4880 Locust St NE St Petersburg, FL	1.0	1.5–2.0	930	$1,500	$1.61	6d	2	0.18mi
4880 Locust St NE St Petersburg, FL	1.0	1.0–2.0	840	$1,375	$1.64	26d	3	0.18mi
4920 Locust St NE St. Petersburg, FL	2.0	2.0	1035	$1,825	$1.76	26d	1	0.23mi
363 48th Ave N Saint Petersburg, FL	1.0	1.0	750	$1,900	$2.53	26d	1	0.23mi
440 50th Ave N Saint Petersburg, FL	1.0	1.0	825	$2,100	$2.55	26d	1	0.37mi
4200 1st St NE Unit 2 St. Petersburg, FL	1.0	1.0	800	$1,650	$2.06	26d	1	0.37mi
131 41st Ave N Saint Petersburg, FL	2.0	2.0	933	$2,100	$2.25	5d	2	0.44mi
375 54th Ter N St. Petersburg, FL	1.0–2.0	1.0–2.0	966	$2,375	$2.46	0d	13	0.46mi
550 50th Ave N Saint Petersburg, FL	2.0	1.0	765	$1,700	$2.22	9d	2	0.46mi
468 44th Ave N Unit 1/2 St. Petersburg, FL	1.0	1.0	693	$1,900	$2.74	26d	1	0.47mi
547 46th Ave N Saint Petersburg, FL	2.0	1.0	837	$2,000	$2.39	9d	1	0.48mi
5364 4th St N St. Petersburg, FL	1.0	1.0	570	$1,150	$2.02	26d	1	0.49mi
613 44th Ave N Saint Petersburg, FL	2.0	1.0	1124	$2,250	$2.00	6d	1	0.54mi
426 Palm Ave N Unit 9 St. Petersburg, FL	2.0	1.0	850	$1,500	$1.76	26d	1	0.54mi
5519 Commonwealth Ave N Saint Petersburg, FL	2.0	1.0	852	$2,900	$3.40	6d	1	0.64mi
220 Southeast Blvd N St. Petersburg, FL	2.0	1.0	850	$2,000	$2.35	18d	1	0.79mi
646 38th Ave N Saint Petersburg, FL	2.0	1.0	978	$2,400	$2.45	5d	1	0.83mi
6360 1st St N #103 Saint Petersburg, FL	1.0	1.0	755	$1,499	$1.99	6d	1	0.97mi
252 33rd Ave N St. Petersburg, FL	1.0	1.0	700	$1,995	$2.85	19d	1	0.99mi
620 62nd Ave N #1110 Saint Petersburg, FL	2.0	1.0	884	$1,700	$1.92	0d	1	1.00mi
209 NW Jefferson Cir N Unit JEFFERSON209-15 St. Petersburg, FL	2.0	1.0	740	$1,275	$1.72	4d	1	1.00mi
209 NW Jefferson Cir N Unit 15 St. Petersburg, FL	2.0	1.0	740	$1,275	$1.72	26d	1	1.00mi
344 33rd Ave N St. Petersburg, FL	1.0	1.0	560	$1,200	$2.14	5d	1	1.00mi
660 62nd Ave N #1204 Saint Petersburg, FL	1.0	1.0	656	$1,400	$2.13	25d	1	1.01mi
209 NE Lincoln Cir N St Petersburg, FL	2.0	1.5	855	$1,498	$1.75	26d	2	1.03mi
1145 54th Ave N Saint Petersburg, FL	2.0	1.0	810	$1,850	$2.28	26d	1	1.07mi
535 32nd Ave N Unit 5 St. Petersburg, FL	1.0	1.0	675	$1,750	$2.59	16d	1	1.10mi
3651 Haines Rd N Saint Petersburg, FL	2.0	1.0	950	$1,800	$1.89	13d	1	1.14mi
3700 Haines Rd N St Petersburg, FL	1.0–2.0	1.0	675	$1,700	$2.52	16d	2	1.18mi
3460 Haines Rd N Unit 2 St. Petersburg, FL	1.0	1.0	539	$1,350	$2.50	9d	1	1.20mi
442 30th Ave N Unit 9 St. Petersburg, FL	1.0	1.0	550	$1,495	$2.72	0d	1	1.20mi
800 32nd Ave N Saint Petersburg, FL	1.0–2.0	1.0	932	$1,349	$1.45	0d	4	1.22mi
4104 1/2 Haines Rd N Unit 1 St. Petersburg, FL	2.0	1.0	1000	$1,850	$1.85	26d	1	1.29mi
917 30th Ave N Saint Petersburg, FL	1.0	1.0	645	$1,499	$2.32	4d	1	1.40mi
4481 Crestwood Dr N Saint Petersburg, FL	2.0	1.0	720	$1,950	$2.71	5d	1	1.42mi
1515 Eden Isle Blvd NE Saint Petersburg, FL	1.0–3.0	1.0–2.0	918	$1,679	$1.83	5d	26	1.49mi

HOA detail condo

• Monthly dues: $437 · $5,244/yr
• Likely covers: landscapingpool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 10 events

1. 2026-05-01
   status Pending
2. 2026-04-23
   listed $129,900 Active
3. 2021-05-04
   soldstatus $85,000
4. 2021-04-30
   soldstatus $85,000 Closed 902-char remark

   Show marketing remark (902 chars)

   Welcome to the coveted 55+ community of Winston Park Northeast. Located just minutes from Downtown St. Petersburg, this spacious 1 bedroom / 1 bath unit offers tons of natural light, convenience, and comfort for your retirement enjoyment! All of the windows in the unit have been updated and the HVAC was installed at the end of 2018. Winston Park Northeast offers on-site laundry just down the hall from your unit and a beautiful recreation area with plenty of lush, mature, landscaping for you to enjoy as you take a morning stroll around the beautiful campus. A large community pool offers grilling areas and the shuffleboard courts are sure to offer year-round fun. There is an on-site car wash plus this unit comes with an additional storage area for added convenience. If you are looking for a place that offers excitement or peace and quiet and conveniently located, look no further, this is it!

5. 2021-03-31
   status Pending 902-char remark

   Show marketing remark (902 chars)

   Welcome to the coveted 55+ community of Winston Park Northeast. Located just minutes from Downtown St. Petersburg, this spacious 1 bedroom / 1 bath unit offers tons of natural light, convenience, and comfort for your retirement enjoyment! All of the windows in the unit have been updated and the HVAC was installed at the end of 2018. Winston Park Northeast offers on-site laundry just down the hall from your unit and a beautiful recreation area with plenty of lush, mature, landscaping for you to enjoy as you take a morning stroll around the beautiful campus. A large community pool offers grilling areas and the shuffleboard courts are sure to offer year-round fun. There is an on-site car wash plus this unit comes with an additional storage area for added convenience. If you are looking for a place that offers excitement or peace and quiet and conveniently located, look no further, this is it!

6. 2021-03-02
   listed $85,000 Active 902-char remark

   Show marketing remark (902 chars)

   Welcome to the coveted 55+ community of Winston Park Northeast. Located just minutes from Downtown St. Petersburg, this spacious 1 bedroom / 1 bath unit offers tons of natural light, convenience, and comfort for your retirement enjoyment! All of the windows in the unit have been updated and the HVAC was installed at the end of 2018. Winston Park Northeast offers on-site laundry just down the hall from your unit and a beautiful recreation area with plenty of lush, mature, landscaping for you to enjoy as you take a morning stroll around the beautiful campus. A large community pool offers grilling areas and the shuffleboard courts are sure to offer year-round fun. There is an on-site car wash plus this unit comes with an additional storage area for added convenience. If you are looking for a place that offers excitement or peace and quiet and conveniently located, look no further, this is it!

7. 2005-05-05
   soldstatus $95,500
8. 2005-04-27
   soldstatus $71,000 318-char remark

   Show marketing remark (318 chars)

   Ok to lease condo after one year of ownership. Completely furnished very clean, light & bright. Newer AC, new windows in LR, new carport. Just bring your luggage and move right in. Great building in popular well maintained community with many social activities. Close to shopping, banking and medical facilities.

9. 2005-04-06
   listed $71,900 318-char remark

   Show marketing remark (318 chars)

   Ok to lease condo after one year of ownership. Completely furnished very clean, light & bright. Newer AC, new windows in LR, new carport. Just bring your luggage and move right in. Great building in popular well maintained community with many social activities. Close to shopping, banking and medical facilities.

10. 2001-01-29
    soldstatus $28,500

ⓘ 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: $308 · $26/mo
• Projected year-2 tax: $1,078 · $90/mo
• Expected delta: +$770/yr (+$64/mo · 250.2%)

ⓘ 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 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,508
• − Mortgage interest: −$7,276
• − Property taxes: −$308
• − Insurance: −$5,768
• − Repairs & maintenance: −$1,881
• − Management: −$1,881
• − HOA: −$5,244
• − Depreciation: −$3,779
• Taxable loss: −$2,629
• Est. tax savings @ 24.0%: +$631
• After-tax cash flow: $-292/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 — St. Petersburg

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: St. Petersburg, FL
• County: Pinellas County · 939,478 people
• City population: 249,151
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 25,264
• Household income: $95,224
• Rent vs Own: 19.1% rent · 80.9% own
• Severe rent burden: 509.0

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 (76%)
• Race & ethnicity: White 76% Hispanic / Latino 10% Two or more races 10% Black 5% Asian 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 2%
• Common ancestry: Lithuanian 4% Romanian 3% Italian 2%
• Foreign-born: 9% · Canada, Vietnam
• Languages at home: 87% English-only · Spanish 6% Russian/Polish/Slavic 2% Other Indo-European 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: ▼ -617.95%
• Current HPI: 352.2886
• Rent YoY: ▲ 2.21%
• 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

+355.8% since first listed

10 events — show timeline

• 2026-05-01 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-23 Listed $129,900 Stellar MLS as Distributed by MLS Grid
• 2021-05-04 Sold (Public Records) $85,000 Public Records
• 2021-04-30 Sold (MLS) $85,000 Stellar MLS as Distributed by MLS Grid
• 2021-03-31 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-03-02 Listed $85,000 Stellar MLS as Distributed by MLS Grid
• 2005-05-05 Sold (Public Records) $95,500 Public Records
• 2005-04-27 Sold (MLS) $71,000 Stellar MLS as Distributed by MLS Grid
• 2005-04-06 Listed $71,900 Stellar MLS as Distributed by MLS Grid
• 2001-01-29 Sold (Public Records) $28,500 Public Records

Property tax history

-4.8%/yr

Latest (2025): $308 · +8.1% YoY. Source: county tax records.