2457 Ecuadorian Way #75 · Clearwater, FL 33763

$104,900

1 bd · 1.0 ba · 825 sqft · Condo public records · 43 Days on market

Built 1972 $545/mo HOA · 36% 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 +9.6/10.0
• Cash flow +9.5/30.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• DSCR +2.7/10.0
• Condition / age +2.5/5.0
• Rent growth +1.8/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

GREAT LOCATION - CLOSE TO ALL ACTIVITIES.

Key facts

• Two activity centers
• Indoor hot tub
• Assigned parking

Tags

• ASSIGNED PARKING
• TWO ACTIVITY CENTERS
• TWO PRIVATE GOLF COURSES
• HEATED SWIMMING POOLS
• INDOOR HOT TUB
• REMODELED CARDIO GYM

Property features AI

Finance

• Other: Association fee requirement: None
• Financial info: Total monthly fees: $545; Total annual fees: $6,540; Lease restrictions apply
• HOA & community: Has HOA (On Top of the World Condo); Monthly condo fee: $545; includes pool, structure maintenance, grounds maintenance, recreational facilities, sewer, trash, water; Association amenities: clubhouse, fitness center, golf course, recreation facilities, sauna, shuffleboard, spa/hot tub, tennis courts, vehicle restrictions, fence restrictions; Buyer/association approval required; Community features: association-owned recreation, deed restrictions, irrigation with reclaimed water, sidewalks, special community restrictions; Senior community; Pets allowed (max 35 lbs)

Exterior

• Parking: Assigned parking; Guest parking
• Security: Gated community
• Utilities: Public water; Public sewer; Cable available; Electricity connected
• Home design: Condominium; Residential property; Facing south; One level; 3 total stories (building)
• Construction: Brick and stucco construction; Built-up roof; Slab foundation; Building built as part of a numbered building (26)
• Exterior features: Lighting; Storage; Mature landscaping with oak trees; City limits; Private; Paved road

Interior

• Kitchen: Built-in oven; Dishwasher; Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 1 bedroom
• Flooring: Carpet; Ceramic tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Blinds; Building elevator
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $105k.

Deal economics

• At list price, monthly cash flow is $-73 ($-878/yr) — negative.
• To cash-flow at today's rent, offer at most $92k (12.3% below list).
• Meets the 1% rule at list price ($2k rent vs $105k).
• Recommended offer: $92k (12.3% below list) — sets the bar for cash-flow.
• Cap rate 5.5% vs local median 2.9% in Clearwater — 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 82/100 on livability (#60 in FL, #988 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+; Watch: employment C-.
• 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: Leila Davis Elementary School (math 66% / reading 69%, grade B+, #435 of 2,144 statewide, top 21%, 665 students, 35% FRL); Safety Harbor Middle School (math 45% / reading 43%, grade D, #327 of 571 statewide, top 57%, 974 students, 50% FRL); Countryside High School (math 25% / reading 45%, grade F, #379 of 667 statewide, top 58%, 1,741 students, 44% FRL).
• Market conditions: Rents soft (-2.6%/yr); 293 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• This rent runs 33% of the median local income ($55k/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 $725 of loan paydown is wiped out by about $3k 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 43 days — a 3% lower offer ($102k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 16y 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 36% of rent.
• Climate carrying-cost: 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 $91,972 (12.3% 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 43 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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: 1.46% ✓
• Cap rate: 5.46%
• Cash-on-cash: -2.99%
• DSCR: 0.87
• GRM: 5.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -27.3%
• Equity multiple: 0.12×
• Total profit: $-25,774
• Equity at exit: $15,641

10-year hold

• IRR: -66.0%
• Equity multiple: -0.51×
• Total profit: $-44,275
• Equity at exit: $9,070

Cash invested: $29,372 (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 33763

• Rents YoY: -2.6%
• Active inventory: 293
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $1,528 high
• Mortgage (P&I): −$550
• Tax from tax record: −$142 /mo · $1,702/yr
• Insurance: −$44
• HOA: −$545
• Vacancy / Maint / Mgmt: −$321
• Net cashflow: $-73

Break-even live

Break-even rent $1,621

Max offer price $91,972

Occupancy floor 100%

Sensitivity live

Price	-10% $-14	-5% $-43	+0% $-73	+5% $-103	+10% $-133
Rent	-10% $-194	-5% $-134	+0% $-73	+5% $-13	+10% $48
Rate	-1.0pp $-20	-0.5pp $-47	base $-73	+0.5pp $-100	+1.0pp $-128

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: $26,225
• Closing costs: $3,147
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2458 Columbia Dr #64 Clearwater, FL	1.0	1.0	825	$1,275	$1.55	26d	1	0.03mi
2466 Ecuadorian Way #32 Clearwater, FL	2.0	2.0	1100	$1,600	$1.45	26d	1	0.07mi
2448 Columbia Dr #72 Clearwater, FL	2.0	2.0	1100	$1,600	$1.45	25d	1	0.09mi
24862 US Highway 19 N #3202 Clearwater, FL	1.0	1.0	600	$1,295	$2.16	6d	1	0.11mi
2455 Finlandia Ln #67 Clearwater, FL	2.0	2.0	1100	$1,495	$1.36	13d	1	0.11mi
2456 Ecuadorian Way #42 Clearwater, FL	2.0	2.0	1100	$1,700	$1.55	6d	1	0.12mi
2428 Columbia Dr #68 Clearwater, FL	2.0	2.0	1100	$1,750	$1.59	6d	1	0.16mi
2429 Ecuadorian Way #65 Clearwater, FL	2.0	2.0	1100	$1,600	$1.45	6d	1	0.16mi
24862 U.S. 19 Unit 3202 1 Clearwater, FL	1.0	1.0	640	$1,295	$2.02	25d	1	0.17mi
2451 Canadian Way Clearwater, FL	2.0	1.0–2.0	1250	$1,598	$1.28	9d	2	0.18mi
2463 Brazilia Dr #61 Clearwater, FL	2.0	1.0	1100	$1,450	$1.32	26d	1	0.25mi
2464 Australia Way E #24 Clearwater, FL	2.0	2.0	1100	$1,600	$1.45	26d	1	0.26mi
2464 Australia Way E #72 Clearwater, FL	1.0	1.0	1100	$1,295	$1.18	0d	1	0.26mi
2433 Brazilia Dr #49 Clearwater, FL	2.0	2.0	1100	$1,750	$1.59	26d	1	0.29mi
2071 Australia Way W #29 Clearwater, FL	2.0	2.0	1100	$1,525	$1.39	26d	1	0.35mi
2359 Finlandia Ln Clearwater, FL	2.0	2.0–20.0	1100	$1,400	$1.27	19d	2	0.36mi
2358 Ecuadorian Way #56 Clearwater, FL	2.0	2.0	1100	$1,500	$1.36	4d	1	0.36mi
25350 US Highway 19 N Clearwater, FL	3.0	1.0–2.0	875	$1,466	$1.68	0d	34	0.38mi
2400 Franciscan Dr #44 Clearwater, FL	1.0	1.0	735	$1,200	$1.63	26d	1	0.39mi
2042 Australia Way W Clearwater, FL	1.0	1.0	825	$1,350	$1.64	12d	1	0.40mi
2331 Finlandia Ln #53 Clearwater, FL	1.0	1.0	825	$1,345	$1.63	4d	1	0.46mi
2311 Brisbane St #65 Clearwater, FL	2.0	2.0	1100	$1,700	$1.55	14d	1	0.47mi
2310 Denmark St Clearwater, FL	2.0	2.0	1100	$1,550	$1.41	0d	1	0.47mi
2031 Glass Loop Clearwater, FL	1.0–3.0	1.0–2.0	1058	$1,798	$1.70	0d	37	0.54mi
2460 Persian Dr #44 Clearwater, FL	2.0	2.0	1100	$1,800	$1.64	6d	1	0.54mi
2287 Philippine Dr #29 Clearwater, FL	2.0	2.0	1070	$1,550	$1.45	9d	1	0.55mi
2287 Philippine Dr #29 Clearwater, FL	2.0	2.0	1070	$1,550	$1.45	4d	1	0.55mi
2284 Philippine Dr #59 Clearwater, FL	2.0	2.0	1100	$1,795	$1.63	23d	1	0.56mi
2363 Israeli Dr #67 Clearwater, FL	2.0	2.0	1100	$1,600	$1.45	26d	1	0.57mi
2386 Sumatran Way #14 Clearwater, FL	2.0	2.0	1100	$1,600	$1.45	19d	1	0.69mi
2262 Swedish Dr #10 Clearwater, FL	2.0	2.0	1115	$2,000	$1.79	26d	1	0.70mi
2550 Stag Run Blvd Clearwater, FL	1.0–3.0	1.0–2.0	1189	$1,455	$1.22	3d	19	0.87mi
2599 Countryside Blvd #210 Clearwater, FL	1.0	1.0	575	$1,400	$2.43	4d	1	0.93mi
2597 Countryside Blvd #209 Clearwater, FL	1.0	1.0	575	$1,500	$2.61	6d	1	0.98mi
1730 Audrey Dr Unit 2 Clearwater, FL	1.0	1.0	700	$2,100	$3.00	26d	1	1.05mi
2690 Enterprise Rd E Clearwater, FL	1.0–2.0	1.0–2.0	1051	$1,548	$1.47	0d	11	1.06mi
2524 Alexander Pl Clearwater, FL	1.0–2.0	1.0–2.0	948	$1,685	$1.78	0d	20	1.09mi
2583 Countryside Blvd #3103 Clearwater, FL	1.0	1.0	555	$1,400	$2.52	26d	1	1.18mi
2625 Florida 590 Unit 1414 Clearwater, FL	1.0	1.0	600	$1,300	$2.17	26d	1	1.25mi
2005 Greenbriar Blvd #1 Clearwater, FL	2.0	2.0	930	$1,500	$1.61	6d	1	1.29mi

HOA detail condo

• Monthly dues: $545 · $6,540/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 20 events

1. 2026-05-13
   status Pending
2. 2026-03-31
   listed $104,900 Active
3. 2024-06-27
   historical $1,375
4. 2024-03-22
   listed $1,375
5. 2022-04-04
   soldstatus $105,000
6. 2022-03-31
   soldstatus $105,000 Closed 42-char remark

   Show marketing remark (42 chars)

   GREAT LOCATION - CLOSE TO ALL ACTIVITIES.

7. 2022-02-22
   status Pending 42-char remark

   Show marketing remark (42 chars)

   GREAT LOCATION - CLOSE TO ALL ACTIVITIES.

8. 2022-02-22
   listed $105,000 Active 42-char remark

   Show marketing remark (42 chars)

   GREAT LOCATION - CLOSE TO ALL ACTIVITIES.

9. 2015-04-07
   soldstatus $42,000
10. 2015-03-30
    soldstatus $42,000 Sold 436-char remark

    Show marketing remark (436 chars)

    Come see this wonderfully updated 1 bedroom unit today! All of the windows have been replaced making this a quiet and cozy nest. The Outside unit of the AC was replaced 2 years ago and the inside unit 4 years ago. The water heater is also only 2 years old. On top of the World is the perfect 55+ community with tons of activities including free golf! Shopping, Dining, and Beaches are only moments away. Make this your new home today!

11. 2015-02-20
    historical Contingent - Inspections 436-char remark

    Show marketing remark (436 chars)

    Come see this wonderfully updated 1 bedroom unit today! All of the windows have been replaced making this a quiet and cozy nest. The Outside unit of the AC was replaced 2 years ago and the inside unit 4 years ago. The water heater is also only 2 years old. On top of the World is the perfect 55+ community with tons of activities including free golf! Shopping, Dining, and Beaches are only moments away. Make this your new home today!

12. 2014-11-10
    listed $45,000 Active 436-char remark

    Show marketing remark (436 chars)

    Come see this wonderfully updated 1 bedroom unit today! All of the windows have been replaced making this a quiet and cozy nest. The Outside unit of the AC was replaced 2 years ago and the inside unit 4 years ago. The water heater is also only 2 years old. On top of the World is the perfect 55+ community with tons of activities including free golf! Shopping, Dining, and Beaches are only moments away. Make this your new home today!

13. 2012-03-19
    soldstatus $35,000
14. 2012-03-06
    soldstatus $35,000
15. 2011-12-12
    listed $39,900
16. 2010-12-28
    soldstatus $43,000
17. 2010-11-24
    soldstatus $43,000
18. 2010-09-22
    listed $49,900
19. 2007-03-22
    soldstatus $73,000
20. 1995-05-03
    soldstatus $26,500

ⓘ 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: $1,702 · $142/mo
• Projected year-2 tax: $1,702 · $142/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 3/10 Moderate FEMA zone X (unshaded) · 20% 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 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,342
• − Mortgage interest: −$5,876
• − Property taxes: −$1,702
• − Insurance: −$524
• − Repairs & maintenance: −$1,467
• − Management: −$1,467
• − HOA: −$6,540
• − Depreciation: −$3,052
• Taxable loss: −$2,287
• Est. tax savings @ 24.0%: +$549
• After-tax cash flow: $-329/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 — Clearwater

• Score: 82/100
• State rank: #60
• US rank: #988

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Pinellas County · 939,478 people
• City population: 170,933
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 21,146
• Household income: $54,794
• Rent vs Own: 27.6% rent · 72.4% own
• Severe rent burden: 753.0

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 17% Two or more races 9% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 5% Puerto Rican 3% Cuban 1%
• Common ancestry: Romanian 3% Lithuanian 2% Slovak 2%
• Foreign-born: 15% · Canada, Jamaica, Vietnam
• Languages at home: 81% English-only · Spanish 10% 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: ▼ -439.90%
• Current HPI: 265.3099
• Rent YoY: ▼ -2.63%
• 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

+295.8% since first listed

20 events — show timeline

• 2026-05-13 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-31 Listed $104,900 Stellar MLS as Distributed by MLS Grid
• 2024-06-27 Rental Removed $1,375 STELLARMLS
• 2024-03-22 Listed for Rent $1,375 STELLARMLS
• 2022-04-04 Sold (Public Records) $105,000 Public Records
• 2022-03-31 Sold (MLS) $105,000 Stellar MLS as Distributed by MLS Grid
• 2022-02-22 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-02-22 Listed $105,000 Stellar MLS as Distributed by MLS Grid
• 2015-04-07 Sold (Public Records) $42,000 Public Records
• 2015-03-30 Sold (MLS) $42,000 Stellar MLS as Distributed by MLS Grid
• 2015-02-20 Contingent — Stellar MLS as Distributed by MLS Grid
• 2014-11-10 Listed $45,000 Stellar MLS as Distributed by MLS Grid
• 2012-03-19 Sold (Public Records) $35,000 Public Records
• 2012-03-06 Sold (MLS) $35,000 Stellar MLS as Distributed by MLS Grid
• 2011-12-12 Listed $39,900 Stellar MLS as Distributed by MLS Grid
• 2010-12-28 Sold (MLS) $43,000 Stellar MLS as Distributed by MLS Grid
• 2010-11-24 Sold (Public Records) $43,000 Public Records
• 2010-09-22 Listed $49,900 Stellar MLS as Distributed by MLS Grid
• 2007-03-22 Sold (Public Records) $73,000 Public Records
• 1995-05-03 Sold (Public Records) $26,500 Public Records

Property tax history

+9.2%/yr

Latest (2025): $1,702 · -6.0% YoY. Source: county tax records.