1749 S Highland Ave Unit A5 · Largo, FL 33756

$129,900

2 bd · 2.0 ba · 1,100 sqft · Condo public records · 175 Days on market

Built 1979 $599/mo HOA · 29% of rent

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Why this score? — see what drove the C- 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 +18.0/30.0
• 1% rule +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +5.6/10.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious 1st floor condo in Colonial Isles. This 55+ community is well maintained and features a community pool and shuffleboard courts. Walk out the back sliders to an open patio overlooking the sparking lake! Conveniently located in central Clearwater with easy access to St Pete and Clearwater Beach! Another terrific opportunity from the Homepath portfolio!

Key facts

• Lakefront
• Shuffleboard courts
• Clean pool

Tags

• LAKEFRONT
• BACK PATIO
• PORCELAIN TILE FLOORING
• NEW HVAC
• CLEAN POOL
• SHUFFLEBOARD COURTS

Property features AI

Finance

• Other: Unfurnished; Unit is on floor 1
• Financial info: Total monthly fees $554; total annual fees $6,648; Lease restrictions apply
• HOA & community: Ben Commons HOA; Monthly HOA fee $554 (includes pool, insurance, structure maintenance, grounds maintenance, sewer, trash, water); Association approval required; Clubhouse, pool, shuffleboard court; Senior community; Pets allowed (max weight 30 lbs)

Exterior

• Parking: Assigned parking; 1-car carport
• Utilities: Public water; Public sewer; Cable connected; Electricity available
• Home design: Condominium; One story; Faces south; Entry on first floor
• Construction: Block construction; Shingle roof; Slab foundation; Built as part of building number 1749
• Exterior features: Other exterior features; Asphalt road access; Lakefront location with lake view and lake access; Gunite in-ground pool

Interior

• Kitchen: Dishwasher; Range; Range hood; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Tile; Tile flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Walk-in closet(s)
• Laundry & utility: Washer; Dryer; Laundry inside

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $130k.

Deal economics

• At list price, monthly cash flow is $112 ($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: $114k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.3% vs local median 4.2% in Largo — 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 (#82 in FL, #1,240 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, amenities 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.
• Market conditions: Rents soft (-2.2%/yr); 355 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• This rent runs 40% of the median local income ($62k/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 $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

• It's been on market 175 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 13y ago; this cycle's ask has dropped $69k (35%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $34k; list at $130k implies a 288% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 29% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 5→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $114,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 175 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
8. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
9. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
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: 1.58% ✓
• Cap rate: 7.33%
• Cash-on-cash: 3.70%
• DSCR: 1.16
• GRM: 5.3

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: -15.8%
• Equity multiple: 0.46×
• Total profit: $-19,527
• Equity at exit: $19,369

10-year hold

• IRR: -19.7%
• Equity multiple: 0.19×
• Total profit: $-29,438
• 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 33756

• Rents YoY: -2.2%
• Active inventory: 355
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $2,056 high
• Mortgage (P&I): −$681
• Tax from tax record: −$178 /mo · $2,136/yr
• Insurance: −$54
• HOA: −$599
• Vacancy / Maint / Mgmt: −$432
• Net cashflow: $112

Break-even live

Break-even rent $1,914

Max offer price $129,900

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

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1845 S Highland Ave Clearwater, FL	2.0	2.0	904	$1,525	$1.69	2d	2	0.30mi
1657 S Lake Ave Clearwater, FL	2.0	2.0	1250	$1,550	$1.24	17d	1	0.38mi
1679 Leisure Dr Clearwater, FL	3.0	2.0	1497	$3,200	$2.14	2d	1	0.41mi
1321 Chesterfield Dr Unit 1018173P Clearwater, FL	3.0	2.0	1356	$3,967	$2.93	2d	1	0.52mi
1700 Rosery Rd NE Largo, FL	2.0	2.0	1223	$2,300	$1.88	7d	1	0.57mi
1310 Bayview Dr Clearwater, FL	3.0	2.0	1500	$3,300	$2.20	24d	1	0.57mi
1119 Breeze Dr Largo, FL	3.0	2.0	1314	$2,475	$1.88	24d	1	0.58mi
601 Rosery Rd NE Largo, FL	1.0–3.0	1.0–2.5	1192	$1,830	$1.54	1d	38	0.69mi
1523 S Fredrica Ave Clearwater, FL	3.0	2.0	1284	$2,550	$1.99	24d	1	0.73mi
1406 Lemon St Clearwater, FL	2.0	1.5	1020	$1,990	$1.95	24d	1	0.76mi
1624 Fruitwood Dr Clearwater, FL	2.0	2.0	1298	$2,500	$1.93	24d	1	0.79mi
401 Rosery Rd NE Largo, FL	2.0	1.0–2.0	850	$1,879	$2.21	1d	31	0.79mi
1562 S Jefferson Ave Clearwater, FL	1.0	1.0	870	$1,250	$1.44	16d	1	0.87mi
1653 Bravo Dr Clearwater, FL	1.0	1.0	850	$2,200	$2.59	4d	1	0.93mi
447 6th Ave NE Unit B Largo, FL	2.0	1.0	840	$1,650	$1.96	10d	1	0.97mi
516 5th Ave NE Largo, FL	3.0	2.0	1057	$2,250	$2.13	23d	1	0.99mi
516 5th Ave NE Largo, FL	3.0	2.0	1073	$2,250	$2.10	14d	1	0.99mi
101 Imperial Palm Dr Largo, FL	1.0–2.0	1.0–2.0	907	$1,810	$1.99	2d	35	1.02mi
221 Lake Ave NE Largo, FL	1.0–2.0	1.0–2.0	1095	$2,160	$1.97	2d	11	1.02mi
1128 Belleair Rd Unit Home Clearwater, FL	3.0	1.0	1326	$1,695	$1.28	24d	1	1.04mi
705 3rd Ave NE Unit C Largo, FL	3.0	2.0	1113	$2,195	$1.97	3d	1	1.09mi
250 Rosery Rd NW #283 Largo, FL	2.0	1.0	764	$1,395	$1.83	20d	1	1.09mi
1532 S Washington Ave Clearwater, FL	3.0	2.0	954	$1,500	$1.57	4d	1	1.10mi
250 Rosery Rd NW Largo, FL	1.0	1.0	672	$1,295	$1.93	2d	1	1.10mi
1007 Hawkins St Unit A Clearwater, FL	2.0	1.0	784	$1,845	$2.35	24d	1	1.11mi
1524 Lakeview Rd Clearwater, FL	2.0	2.0	1100	$1,395	$1.27	24d	1	1.13mi
833 Hall St Clearwater, FL	1.0	1.0	700	$1,350	$1.93	16d	1	1.14mi
833 Hall St Clearwater, FL	1.0	1.0	700	$1,350	$1.93	24d	1	1.14mi
1100 East Bay Dr #104 Largo, FL	2.0	2.0	840	$1,950	$2.32	4d	1	1.14mi
1353 Lakeview Rd Clearwater, FL	3.0	1.0	1360	$1,995	$1.47	24d	1	1.14mi
1574 Ewing Ave Clearwater, FL	3.0	2.0	1324	$2,700	$2.04	4d	1	1.18mi
1319 Boylan Ave Clearwater, FL	2.0	1.0	800	$1,550	$1.94	24d	1	1.19mi
1530 S Martin Luther King Jr Ave Clearwater, FL	3.0	2.0	1025	$1,950	$1.90	24d	1	1.20mi
1530 S Martin Luther King Jr Ave Clearwater, FL	3.0	2.0	1025	$1,995	$1.95	10d	1	1.20mi
1536 Illinois Rd Clearwater, FL	2.0	1.0	1440	$2,200	$1.53	4d	1	1.20mi
1192 S Duncan Ave Clearwater, FL	2.0	2.0	1395	$2,500	$1.79	4d	1	1.28mi
713 Smith St Clearwater, FL	1.0	1.0	814	$1,595	$1.96	3d	1	1.28mi
1657 S Lake Dr Unit 3 Clearwater, FL	2.0	2.0	1250	$1,550	$1.24	17d	1	1.35mi
1520 Jeffords St Clearwater, FL	1.0–2.0	1.0	645	$1,500	$2.33	24d	1	1.35mi
84 21st Ter SE Unit 1502691P Largo, FL	3.0	2.0	1291	$5,914	$4.58	7d	1	1.37mi

HOA detail condo

• Monthly dues: $599 · $7,188/yr
• Likely covers: waterpool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 29 events

1. 2026-06-16
   statusdays on market $129,900 Pending 175 DOM
2. 2026-06-15
   days on market $129,900 Active 174 DOM
3. 2026-06-13
   days on market $129,900 Active 172 DOM
4. 2026-06-09
   days on market $129,900 Active 168 DOM
5. 2026-06-08
   days on market $129,900 Active 167 DOM
6. 2026-06-07
   days on market $129,900 Active 166 DOM
7. 2026-06-04
   days on market $129,900 Active 163 DOM
8. 2026-06-03
   pricedays on market $129,900 Active 162 DOM
9. 2026-06-01
   days on market $139,900 Active 160 DOM
10. 2026-05-31
    days on market $139,900 Active 159 DOM
11. 2026-04-29
    status Active
12. 2026-04-29
    price $139,900
13. 2026-04-21
    status Pending
14. 2026-04-03
    price $149,900
15. 2026-03-17
    price $159,900
16. 2026-03-03
    price $169,900
17. 2026-02-02
    price $179,900
18. 2025-12-30
    price $189,900
19. 2025-12-15
    listed $199,000 Active
20. 2014-08-27
    soldstatus $33,500 Sold 361-char remark

    Show marketing remark (361 chars)

    Spacious 1st floor condo in Colonial Isles. This 55+ community is well maintained and features a community pool and shuffleboard courts. Walk out the back sliders to an open patio overlooking the sparking lake! Conveniently located in central Clearwater with easy access to St Pete and Clearwater Beach! Another terrific opportunity from the Homepath portfolio!

21. 2014-08-05
    status Pending 361-char remark

    Show marketing remark (361 chars)

    Spacious 1st floor condo in Colonial Isles. This 55+ community is well maintained and features a community pool and shuffleboard courts. Walk out the back sliders to an open patio overlooking the sparking lake! Conveniently located in central Clearwater with easy access to St Pete and Clearwater Beach! Another terrific opportunity from the Homepath portfolio!

22. 2014-06-10
    historical 361-char remark

    Show marketing remark (361 chars)

    Spacious 1st floor condo in Colonial Isles. This 55+ community is well maintained and features a community pool and shuffleboard courts. Walk out the back sliders to an open patio overlooking the sparking lake! Conveniently located in central Clearwater with easy access to St Pete and Clearwater Beach! Another terrific opportunity from the Homepath portfolio!

23. 2014-06-02
    price $39,900 361-char remark

    Show marketing remark (361 chars)

    Spacious 1st floor condo in Colonial Isles. This 55+ community is well maintained and features a community pool and shuffleboard courts. Walk out the back sliders to an open patio overlooking the sparking lake! Conveniently located in central Clearwater with easy access to St Pete and Clearwater Beach! Another terrific opportunity from the Homepath portfolio!

24. 2014-06-02
    price $44,500 361-char remark

    Show marketing remark (361 chars)

    Spacious 1st floor condo in Colonial Isles. This 55+ community is well maintained and features a community pool and shuffleboard courts. Walk out the back sliders to an open patio overlooking the sparking lake! Conveniently located in central Clearwater with easy access to St Pete and Clearwater Beach! Another terrific opportunity from the Homepath portfolio!

25. 2014-06-02
    status Active 361-char remark

    Show marketing remark (361 chars)

    Spacious 1st floor condo in Colonial Isles. This 55+ community is well maintained and features a community pool and shuffleboard courts. Walk out the back sliders to an open patio overlooking the sparking lake! Conveniently located in central Clearwater with easy access to St Pete and Clearwater Beach! Another terrific opportunity from the Homepath portfolio!

26. 2014-04-28
    price $48,900 361-char remark

    Show marketing remark (361 chars)

    Spacious 1st floor condo in Colonial Isles. This 55+ community is well maintained and features a community pool and shuffleboard courts. Walk out the back sliders to an open patio overlooking the sparking lake! Conveniently located in central Clearwater with easy access to St Pete and Clearwater Beach! Another terrific opportunity from the Homepath portfolio!

27. 2014-03-29
    price $53,990 361-char remark

    Show marketing remark (361 chars)

    Spacious 1st floor condo in Colonial Isles. This 55+ community is well maintained and features a community pool and shuffleboard courts. Walk out the back sliders to an open patio overlooking the sparking lake! Conveniently located in central Clearwater with easy access to St Pete and Clearwater Beach! Another terrific opportunity from the Homepath portfolio!

28. 2013-12-24
    listed $56,900 Active 361-char remark

    Show marketing remark (361 chars)

    Spacious 1st floor condo in Colonial Isles. This 55+ community is well maintained and features a community pool and shuffleboard courts. Walk out the back sliders to an open patio overlooking the sparking lake! Conveniently located in central Clearwater with easy access to St Pete and Clearwater Beach! Another terrific opportunity from the Homepath portfolio!

29. 2001-07-10
    soldstatus $60,000

ⓘ 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: $2,136 · $178/mo
• Projected year-2 tax: $2,136 · $178/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 5 d/yr ≥108°F today · 17 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: $24,676
• − Mortgage interest: −$7,276
• − Property taxes: −$2,136
• − Insurance: −$650
• − Repairs & maintenance: −$1,974
• − Management: −$1,974
• − HOA: −$7,188
• − Depreciation: −$3,779
• Taxable loss: −$302
• Est. tax savings @ 24.0%: +$72
• After-tax cash flow: $1,418/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 — Largo

• Score: 82/100
• State rank: #82
• US rank: #1240

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Largo, FL
• County: Pinellas County · 939,478 people
• City population: 106,311
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 32,201
• Household income: $61,872
• Rent vs Own: 38.9% rent · 61.1% own
• Severe rent burden: 1868.0

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: Majority White (64%)
• Race & ethnicity: White 64% Hispanic / Latino 18% Black 11% Two or more races 9% Asian 3%
• Hispanic origin (detail): Mexican 8% Puerto Rican 5%
• Common ancestry: Romanian 3% Lithuanian 2% Slovak 2%
• Foreign-born: 16% · Canada
• Languages at home: 79% English-only · Spanish 14% Other Indo-European 2% Russian/Polish/Slavic 2%

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: ▼ -438.74%
• Current HPI: 354.6792
• Rent YoY: ▼ -2.22%
• 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

+133.2% since first listed

19 events — show timeline

• 2026-04-29 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-29 Price Changed $139,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-21 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-03 Price Changed $149,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-17 Price Changed $159,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-03 Price Changed $169,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-02 Price Changed $179,900 Stellar MLS as Distributed by MLS Grid
• 2025-12-30 Price Changed $189,900 Stellar MLS as Distributed by MLS Grid
• 2025-12-15 Listed $199,000 Stellar MLS as Distributed by MLS Grid
• 2014-08-27 Sold (MLS) $33,500 Stellar MLS as Distributed by MLS Grid
• 2014-08-05 Pending — Stellar MLS as Distributed by MLS Grid
• 2014-06-10 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2014-06-02 Price Changed $39,900 Stellar MLS as Distributed by MLS Grid
• 2014-06-02 Relisted — Stellar MLS as Distributed by MLS Grid
• 2014-06-02 Price Changed $44,500 Stellar MLS as Distributed by MLS Grid
• 2014-04-28 Price Changed $48,900 Stellar MLS as Distributed by MLS Grid
• 2014-03-29 Price Changed $53,990 Stellar MLS as Distributed by MLS Grid
• 2013-12-24 Listed $56,900 Stellar MLS as Distributed by MLS Grid
• 2001-07-10 Sold (Public Records) $60,000 Public Records

Property tax history

+8.0%/yr

Latest (2025): $2,136 · +6.8% YoY. Source: county tax records.