4710 Bay St NE #204 · St. Petersburg, FL 33703

$130,000

2 bd · 1.0 ba · 1,035 sqft · Condo public records · 114 Days on market

Built 1972 $539/mo HOA · 23% 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 +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
• 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

This is a cream puff! Immaculate 2 bedroom condo in excellent condition. A woman's dream. A place for everything! Two Walk in closets in Master Bedroom. Second bedroom has built in drawers & Shelving. Lovely laminate wood flooring in bedroom and hall. Tiled bath with walk in shower & adjustable shower head, all closet doors replaced, All windows have been replaced. Extra cabinets in bright airy kitchen and eating area, portable washer, paddle fans in every room. Covered Parking Space #10. Beautiful view of pool & courtyard. This building will be replacing roof at end of 2006. Social activities, heated pool, well maintained grounds, extremely well constructed buildings, great location close to bus line, shopping, restaurants. Don't pass up this terrific buy in St. Pete's choice 'over 55' community.

Key facts

• Shuffleboard court
• Clubhouse
• Car wash area

Tags

• MULTIPLE POOLS
• CLUBHOUSE
• SHUFFLEBOARD COURT
• CAR WASH AREA
• LAUNDRY ROOM
• STORAGE ON EVERY FLOOR

Property features AI

Finance

• Other: Partially furnished; Directions: Take 4th Street to 54th Ave N head east on 54th Ave N to 1st Street N head South on 1st Street N to 47th Ave NE, turn into complex on Bay Street
• Financial info: Total annual association fees: $6,475.56; Monthly association fees: $539.63; Lease restrictions apply
• HOA & community: HOA name: Brianna; Monthly HOA fee: $539.63 (includes pool, sewer, water, trash, maintenance of structure and grounds, private road, recreational facilities, escrow reserves fund); Association approval required; Association amenities: Clubhouse, Laundry, Pool, Shuffleboard court, Storage; Community features: Clubhouse, Pool, Sidewalks, Community mailbox, Deed restrictions, Association recreation (owned), Buyer approval required; Pets: Cats allowed; Senior community

Exterior

• Parking: Has carport with 1 space
• Utilities: Public sewer; Water connected; Sewer connected; Electricity connected; Cable connected; Water source: None (per listing)
• Home design: Condominium; Faces south; Unit located on 2nd floor; One level interior; Total building stories: 3; Entry on 47th Ave NE (unit faces 47th Ave NE)
• Construction: Block construction; Other roof; Slab foundation
• Exterior features: Asphalt road access; Lot approximately 3.45 acres

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Ceramic tile; Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Ceiling fans; Walk-in closet(s); Building has elevator
• Laundry & utility: Washer hookup; Electric dryer hookup; Inside laundry; Laundry closet; Common area laundry

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $130k.

Deal economics

• At list price, monthly cash flow is $119 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $118k (9.0% below list) — sets the bar for market timing.
• Cap rate 11.3% 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.
• Market conditions: Rents rising (+2.2%/yr); 451 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 8d 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 $899 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

• It's been on market 114 days — a 9% lower offer ($118k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 20y ago; this cycle's ask has dropped $30k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $110k; 18% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; HOA is 23% 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 $118,300 (9.0% below list)

Questions for the listing agent

1. It's been on market 114 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1972 — 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. 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. 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: 1.80% ✓
• Cap rate: 11.33%
• Cash-on-cash: 17.99%
• DSCR: 1.80
• GRM: 4.6

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: -11.3%
• Equity multiple: 0.59×
• Total profit: $-14,777
• Equity at exit: $19,383

10-year hold

• IRR: -3.6%
• Equity multiple: 0.77×
• Total profit: $-8,332
• Equity at exit: $11,240

Cash invested: $36,400 (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: 451
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $2,339 high
• Mortgage (P&I): −$682
• Tax from tax record: −$28 /mo · $330/yr
• Insurance: −$54
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$539
• Vacancy / Maint / Mgmt: −$491
• Net cashflow: $119

Break-even live

Break-even rent $2,189

Max offer price $130,000

Occupancy floor 90%

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4681 1st St NE #209 Saint Petersburg, FL	2.0	2.0	1120	$2,250	$2.01	24d	1	0.11mi
4880 Locust St NE St Petersburg, FL	1.0	1.0–2.0	840	$1,375	$1.64	24d	3	0.12mi
4880 Locust St NE St Petersburg, FL	1.0	1.5–2.0	930	$1,500	$1.61	4d	2	0.12mi
135 48th Ave N Unit B St. Petersburg, FL	1.0	1.0	800	$2,495	$3.12	24d	1	0.15mi
120 47th Ave N Saint Petersburg, FL	1.0–2.0	1.0–2.0	914	$1,999	$2.19	2d	8	0.15mi
4651 1st St NE #306 Saint Petersburg, FL	2.0	2.0	1120	$2,900	$2.59	4d	1	0.16mi
4920 Locust St NE St. Petersburg, FL	2.0	2.0	1035	$1,825	$1.76	24d	1	0.18mi
4843 Napoli Ct NE Saint Petersburg, FL	2.0	2.5	1210	$3,200	$2.64	4d	1	0.29mi
363 48th Ave N Saint Petersburg, FL	1.0	1.0	750	$1,900	$2.53	24d	1	0.29mi
617 Segovia Ct NE Saint Petersburg, FL	2.0	2.5	1420	$2,950	$2.08	24d	1	0.38mi
4200 1st St NE Unit 2 St. Petersburg, FL	1.0	1.0	800	$1,650	$2.06	24d	1	0.39mi
411 42nd Ave NE Saint Petersburg, FL	3.0	2.0	1365	$3,500	$2.56	17d	1	0.41mi
440 50th Ave N Saint Petersburg, FL	1.0	1.0	825	$2,100	$2.55	24d	1	0.43mi
233 41st Ave NE Saint Petersburg, FL	3.0	1.0	920	$2,295	$2.49	4d	1	0.45mi
131 41st Ave N Saint Petersburg, FL	2.0	2.0	933	$2,100	$2.25	3d	2	0.45mi
324 42nd Ave N Saint Petersburg, FL	2.0	2.0	1434	$3,600	$2.51	4d	1	0.48mi
375 54th Ter N St. Petersburg, FL	1.0–2.0	1.0–2.0	966	$3,323	$3.44	2d	13	0.49mi
101 40th Ave NE Saint Petersburg, FL	3.0	1.0	1075	$2,700	$2.51	4d	1	0.50mi
550 50th Ave N Saint Petersburg, FL	2.0	1.0	765	$1,700	$2.22	8d	2	0.52mi
547 46th Ave N Saint Petersburg, FL	2.0	1.0	837	$2,000	$2.39	8d	1	0.54mi
5516 Pine Cir NE Saint Petersburg, FL	3.0	1.0	1205	$2,500	$2.07	4d	1	0.55mi
628 51st Ave N Saint Petersburg, FL	3.0	2.5	1480	$2,800	$1.89	3d	1	0.55mi
426 Palm Ave N Unit 9 St. Petersburg, FL	2.0	1.0	850	$1,500	$1.76	24d	1	0.58mi
617 52nd Ave N Saint Petersburg, FL	3.0	2.5	1481	$3,250	$2.19	4d	1	0.59mi
5185 6th Way N St Petersburg, FL	3.0	2.5	1480	$3,150	$2.13	4d	1	0.59mi
613 44th Ave N Saint Petersburg, FL	2.0	1.0	1124	$2,250	$2.00	4d	1	0.59mi
400 38th Ave NE St Petersburg, FL	3.0	2.0	1166	$5,400	$4.63	24d	1	0.68mi
5519 Commonwealth Ave N Saint Petersburg, FL	2.0	1.0	852	$2,900	$3.40	4d	1	0.68mi
517 Hampton Ave NE St Petersburg, FL	3.0	2.0	896	$2,950	$3.29	24d	1	0.80mi
220 Southeast Blvd N St. Petersburg, FL	2.0	1.0	850	$2,000	$2.35	17d	1	0.80mi
4628 Dr Martin Luther King Jr St N Saint Petersburg, FL	3.0	2.0	1421	$2,950	$2.08	24d	1	0.87mi
646 38th Ave N Saint Petersburg, FL	2.0	1.0	978	$2,400	$2.45	4d	1	0.87mi
5210 Doctor Martin Luther King Junior St N St. Petersburg, FL	3.0	2.0	1318	$3,600	$2.73	14d	1	0.92mi
6360 1st St N #103 Saint Petersburg, FL	1.0	1.0	755	$1,499	$1.99	4d	1	0.98mi
5801 Magnolia St N Saint Petersburg, FL	2.0	2.0	1147	$2,250	$1.96	4d	1	0.98mi
252 33rd Ave N St. Petersburg, FL	1.0	1.0	700	$1,995	$2.85	18d	1	1.00mi
209 NW Jefferson Cir N Unit JEFFERSON209-15 St. Petersburg, FL	2.0	1.0	740	$1,275	$1.72	3d	1	1.03mi
209 NW Jefferson Cir N Unit 15 St. Petersburg, FL	2.0	1.0	740	$1,275	$1.72	24d	1	1.03mi
510 34th Ave N Saint Petersburg, FL	2.0	2.0	1334	$3,200	$2.40	4d	1	1.03mi
209 NE Lincoln Cir N St Petersburg, FL	2.0	1.5	855	$1,498	$1.75	24d	2	1.03mi

HOA detail condo

• Monthly dues: $539 · $6,468/yr
• Likely covers: landscapingpool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 14 events

1. 2026-06-15
   statusdays on market $130,000 Pending 114 DOM
2. 2026-06-13
   days on market $130,000 Active 113 DOM
3. 2026-06-09
   days on market $130,000 Active 109 DOM
4. 2026-06-08
   days on market $130,000 Active 108 DOM
5. 2026-06-07
   days on market $130,000 Active 107 DOM
6. 2026-06-04
   days on market $130,000 Active 104 DOM
7. 2026-06-03
   pricedays on market $130,000 Active 103 DOM
8. 2026-06-01
   days on market $160,000 Active 101 DOM
9. 2026-05-31
   days on market $160,000 Active 100 DOM
10. 2026-02-20
    listed $160,000 Active
11. 2007-03-06
    soldstatus $110,000
12. 2007-02-28
    soldstatus $110,000 826-char remark

    Show marketing remark (826 chars)

    This is a cream puff! Immaculate 2 bedroom condo in excellent condition. A woman's dream. A place for everything! Two Walk in closets in Master Bedroom. Second bedroom has built in drawers & Shelving. Lovely laminate wood flooring in bedroom and hall. Tiled bath with walk in shower & adjustable shower head, all closet doors replaced, All windows have been replaced. Extra cabinets in bright airy kitchen and eating area, portable washer, paddle fans in every room. Covered Parking Space #10. Beautiful view of pool & courtyard. This building will be replacing roof at end of 2006. Social activities, heated pool, well maintained grounds, extremely well constructed buildings, great location close to bus line, shopping, restaurants. Don't pass up this terrific buy in St. Pete's choice 'over 55' community.

13. 2006-09-08
    listed $117,500 826-char remark

    Show marketing remark (826 chars)

    This is a cream puff! Immaculate 2 bedroom condo in excellent condition. A woman's dream. A place for everything! Two Walk in closets in Master Bedroom. Second bedroom has built in drawers & Shelving. Lovely laminate wood flooring in bedroom and hall. Tiled bath with walk in shower & adjustable shower head, all closet doors replaced, All windows have been replaced. Extra cabinets in bright airy kitchen and eating area, portable washer, paddle fans in every room. Covered Parking Space #10. Beautiful view of pool & courtyard. This building will be replacing roof at end of 2006. Social activities, heated pool, well maintained grounds, extremely well constructed buildings, great location close to bus line, shopping, restaurants. Don't pass up this terrific buy in St. Pete's choice 'over 55' community.

14. 1991-05-01
    soldstatus $43,000

ⓘ 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: $330 · $28/mo
• Projected year-2 tax: $1,079 · $90/mo
• Expected delta: +$749/yr (+$62/mo · 226.5%)

ⓘ 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 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: $28,073
• − Mortgage interest: −$7,282
• − Property taxes: −$330
• − Insurance: −$5,768
• − Repairs & maintenance: −$2,246
• − Management: −$2,246
• − HOA: −$6,468
• − Depreciation: −$3,782
• Taxable loss: −$50
• Est. tax savings @ 24.0%: +$12
• After-tax cash flow: $1,442/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

+272.1% since first listed

5 events — show timeline

• 2026-02-20 Listed $160,000 Stellar MLS as Distributed by MLS Grid
• 2007-03-06 Sold (Public Records) $110,000 Public Records
• 2007-02-28 Sold (MLS) $110,000 Stellar MLS as Distributed by MLS Grid
• 2006-09-08 Listed $117,500 Stellar MLS as Distributed by MLS Grid
• 1991-05-01 Sold (Public Records) $43,000 Public Records

Property tax history

-7.1%/yr

Latest (2025): $330 · +11.6% YoY. Source: county tax records.