1779 Shore Acres Blvd NE · St. Petersburg, FL 33703

$186,500

3 bd · 2.0 ba · 1,248 sqft · SingleFamily public records · 13 Days on market

Built 1959 7,349 sqft lot

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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

Available previous buyer could not perform -Welcome to beautiful Shore Acres—your opportunity to create value in one of St. Petersburg’s most desirable neighborhoods! This 3-bedroom, 2-bath home , Recently remediated following flood damage, the property is now a blank canvas ready for your personal vision. Whether you're an investor, seasoned renovator, or buyer eager to design your dream home from the ground up, the possibilities here are endless. Shore Acres is known for its waterfront lifestyle, strong property values, and close proximity to downtown St. Petersburg’s dining, arts, and entertainment, as well as stunning Gulf beaches. With renovated homes in the area comm

Key facts

• Waterfront lifestyle
• 7,349 sq ft lot
• Built 1959

Tags

• WATERFRONT LIFESTYLE
• CLOSE PROXIMITY TO DOWNTOWN
• STUNNING GULF BEACHES

Property features AI

Finance

• Other: Total living area about 1,248 sq ft (public records); Total building area about 1,495 sq ft; Lot listed as 0 to less than 1/4 acre
• Financial info: Lease restrictions apply
• HOA & community: No HOA/association indicated

Exterior

• Utilities: Public sewer; Electricity connected; Public utilities; No water source specified
• Home design: Single-family residence; One story; Faces south; Residential property
• Construction: Block construction; Shingle roof; Slab foundation; Built on a 0.17-acre lot (approx. 75 x 100)
• Exterior features: Sidewalk

Interior

• Kitchen: No appliances included
• Bedrooms: 3 bedrooms
• Flooring: Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Open living/dining room combo
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $186k.

Deal economics

• At list price, monthly cash flow is $430 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $186k).
• Cap rate 11.8% 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: Shore Acres Elementary School (math 61% / reading 52%, grade C+, #816 of 2,144 statewide, top 39%, 709 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).
• Market conditions: Rents rising (+2.2%/yr); 457 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals at typical pace (median 16d 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).
• This rent runs 36% of the median local income ($95k/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 $1k of loan paydown is wiped out by about $6k 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 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 14 sale attempts since 19y 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: flood insurance adds $427/mo; built in 1959 — expect roof / HVAC / electrical / plumbing capex.
• 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→29/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $186,500

Questions for the listing agent

1. Built in 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.54% ✓
• Cap rate: 11.80%
• Cash-on-cash: 19.68%
• DSCR: 1.88
• GRM: 5.4

CMA / ARV

• ARV (on-the-fly): $386,880
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1834 New Hampshire Ave NE	0.08mi	3/2.0	1,195 (-4%)	2mo	$205,000	$172	88
1875 Michigan Ave NE	0.20mi	3/2.0	1,274 (+2%)	2mo	$339,990	$267	86
1798 New Hampshire Ave NE	0.03mi	4/2.0 (+1)	1,296 (+4%)	3mo	$187,000	$144	85
1524 Connecticut Ave NE	0.69mi	3/2.0	1,267 (+2%)	1mo	$265,000	$209	64
4641 Shore Acres Blvd NE	0.44mi	3/2.0	1,152 (-8%)	3mo	$490,000	$425	64
4043 Shore Acres Blvd NE	0.73mi	3/2.0	1,260 (+1%)	1mo	$396,000	$314	64
4501 Helena St NE	0.41mi	3/2.0	1,125 (-10%)	5mo	$265,000	$236	60
5730 16th Ln NE	0.70mi	3/2.0	1,190 (-5%)	2mo	$462,000	$388	58
3946 Helena St NE	0.73mi	3/2.0	1,320 (+6%)	1mo	$185,000	$140	56
4146 Des Moines St NE	0.61mi	3/2.0	1,127 (-10%)	0mo	$399,900	$355	55
4234 Harrisburg St NE	0.54mi	3/2.0	1,079 (-14%)	2mo	$335,000	$310	51
6001 19th St NE	0.66mi	3/2.0	1,432 (+15%)	4mo	$529,000	$369	41

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: -2.4%
• Equity multiple: 0.91×
• Total profit: $-4,720
• Equity at exit: $27,808

10-year hold

• IRR: 6.3%
• Equity multiple: 1.45×
• Total profit: $23,551
• Equity at exit: $16,125

Cash invested: $52,220 (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: 5.4×

Monthly cashflow live

• Estimated rent: $2,875 high
• Mortgage (P&I): −$978
• Tax from tax record: −$359 /mo · $4,308/yr
• Insurance: −$78
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$604
• Net cashflow: $430

Break-even live

Break-even rent $2,331

Max offer price $186,500

Occupancy floor 80%

Sensitivity live

Price	-10% $536	-5% $483	+0% $430	+5% $377	+10% $324
Rent	-10% $203	-5% $316	+0% $430	+5% $544	+10% $657
Rate	-1.0pp $524	-0.5pp $477	base $430	+0.5pp $382	+1.0pp $332

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: $46,625
• Closing costs: $5,595
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1885 Shore Acres Blvd NE Saint Petersburg, FL	3.0	2.0	1040	$2,498	$2.40	16d	1	0.12mi
1867 Michigan Ave NE Saint Petersburg, FL	2.0	1.0	1044	$2,349	$2.25	5d	1	0.17mi
5510 Bayou Grande Blvd NE Saint Petersburg, FL	3.0	2.0	1232	$2,750	$2.23	18d	1	0.39mi
4560 Overlook Dr NE #167 Saint Petersburg, FL	2.0	1.5	1015	$2,050	$2.02	26d	1	0.40mi
4480 Overlook Dr NE #17 Saint Petersburg, FL	2.0	2.0	1145	$2,250	$1.97	21d	1	0.42mi
4227 Helena St NE Saint Petersburg, FL	2.0	1.0	1134	$3,200	$2.82	5d	1	0.54mi
5923 19th St NE Saint Petersburg, FL	3.0	2.0	1336	$3,500	$2.62	6d	1	0.65mi
5923 19th St NE Saint Petersburg, FL	3.0	2.0	1335	$3,299	$2.47	0d	1	0.65mi
4036 Overlook Dr NE Saint Petersburg, FL	3.0	2.0	1412	$2,645	$1.87	15d	1	0.68mi
4026 Indianapolis St NE Saint Petersburg, FL	3.0	2.0	1364	$3,200	$2.35	5d	1	0.69mi
4011 Helena St NE St Petersburg, FL	3.0	1.5	1005	$2,500	$2.49	26d	1	0.71mi
3901 Helena St NE Saint Petersburg, FL	3.0	2.0	1195	$2,590	$2.17	15d	1	0.79mi
4165 13th Ln NE Saint Petersburg, FL	2.0	2.0	1438	$4,700	$3.27	5d	1	0.81mi
1524 Arizona Ave NE Saint Petersburg, FL	3.0	2.0	1092	$2,800	$2.56	5d	1	0.88mi
3727 Overlook Dr NE Saint Petersburg, FL	3.0	2.0	1124	$2,750	$2.45	26d	1	0.91mi
3600 Alabama Ave NE Saint Petersburg, FL	2.0	1.0	943	$2,700	$2.86	26d	1	0.97mi
3435 Overlook Dr NE Saint Petersburg, FL	3.0	2.5	1428	$3,800	$2.66	5d	1	1.04mi
1515 Eden Isle Blvd NE Saint Petersburg, FL	1.0–3.0	1.0–2.0	918	$2,919	$3.18	5d	26	1.12mi
617 Segovia Ct NE Saint Petersburg, FL	2.0	2.5	1420	$2,950	$2.08	26d	1	1.41mi
4843 Napoli Ct NE Saint Petersburg, FL	2.0	2.5	1210	$3,000	$2.48	0d	1	1.50mi

Listing history 50 events

1. 2026-06-22
   days on market $186,500 Active 13 DOM
2. 2026-06-18
   statusdays on market $186,500 Active 10 DOM
3. 2026-05-20
   status Pending
4. 2026-05-11
   listed $186,500 Active
5. 2025-09-02
   status Pending
6. 2025-09-02
   historical
7. 2025-07-09
   price $240,000
8. 2024-11-22
   listed $270,000 Active
9. 2024-09-18
   historical $2,995
10. 2024-09-18
    historical
11. 2024-09-04
    price $2,995
12. 2024-08-16
    listed $3,200
13. 2024-06-06
    historical $3,200
14. 2024-06-05
    listed $3,200
15. 2024-05-17
    price $425,000
16. 2024-03-26
    listed $445,000 Active
17. 2021-04-20
    soldstatus $289,999
18. 2021-04-09
    soldstatus $289,999 Closed
19. 2021-04-01
    status Pending
20. 2021-02-18
    status Pending
21. 2021-02-12
    listed $289,999 Active
22. 2019-02-18
    soldstatus $182,000
23. 2019-02-15
    soldstatus $182,000 Sold
24. 2019-02-07
    status Pending
25. 2018-12-17
    price $199,000
26. 2018-03-21
    price $229,000
27. 2018-02-21
    price $209,000
28. 2018-01-23
    price $189,000
29. 2017-09-01
    price $199,000
30. 2017-08-07
    price $209,000
31. 2017-06-15
    price $219,000
32. 2017-04-26
    listed $228,000 Active
33. 2016-03-11
    soldstatus $103,300
34. 2016-03-11
    soldstatus $109,500
35. 2016-03-10
    historical
36. 2016-02-24
    status Pending
37. 2016-02-20
    historical Contingent - Inspections
38. 2016-02-04
    price $99,000
39. 2016-02-04
    price $107,000
40. 2016-02-02
    listed $115,000 Active
41. 2015-12-31
    historical
42. 2015-12-30
    status Active
43. 2015-12-28
    status Pending
44. 2015-12-28
    status Active
45. 2015-11-20
    status Pending
46. 2015-11-05
    price $112,000
47. 2015-08-18
    price $119,900
48. 2015-07-15
    listed $139,900 Active
49. 2014-08-19
    historical
50. 2014-06-10
    historical

ⓘ 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: $4,308 · $359/mo
• Projected year-2 tax: $4,308 · $359/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 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 29 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: $34,500
• − Mortgage interest: −$10,447
• − Property taxes: −$4,308
• − Insurance: −$6,051
• − Repairs & maintenance: −$2,760
• − Management: −$2,760
• − Depreciation: −$5,425
• Taxable income: $2,749
• Est. tax owed @ 24.0%: −$660
• After-tax cash flow: $4,500/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

+314.4% since first listed

58 events — show timeline

• 2026-05-20 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-11 Listed $186,500 Stellar MLS as Distributed by MLS Grid
• 2025-09-02 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-09-02 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-07-09 Price Changed $240,000 Stellar MLS as Distributed by MLS Grid
• 2024-11-22 Listed $270,000 Stellar MLS as Distributed by MLS Grid
• 2024-09-18 Rental Removed $2,995 STELLARMLS
• 2024-09-18 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-09-04 Price Changed $2,995 STELLARMLS
• 2024-08-16 Listed for Rent $3,200 STELLARMLS
• 2024-06-06 Rental Removed $3,200 STELLARMLS
• 2024-06-05 Listed for Rent $3,200 STELLARMLS
• 2024-05-17 Price Changed $425,000 Stellar MLS as Distributed by MLS Grid
• 2024-03-26 Listed $445,000 Stellar MLS as Distributed by MLS Grid
• 2021-04-20 Sold (Public Records) $289,999 Public Records
• 2021-04-09 Sold (MLS) $289,999 Stellar MLS as Distributed by MLS Grid
• 2021-04-01 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-02-18 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-02-12 Listed $289,999 Stellar MLS as Distributed by MLS Grid
• 2019-02-18 Sold (Public Records) $182,000 Public Records
• 2019-02-15 Sold (MLS) $182,000 Stellar MLS as Distributed by MLS Grid
• 2019-02-07 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-12-17 Price Changed $199,000 Stellar MLS as Distributed by MLS Grid
• 2018-03-21 Price Changed $229,000 Stellar MLS as Distributed by MLS Grid
• 2018-02-21 Price Changed $209,000 Stellar MLS as Distributed by MLS Grid
• 2018-01-23 Price Changed $189,000 Stellar MLS as Distributed by MLS Grid
• 2017-09-01 Price Changed $199,000 Stellar MLS as Distributed by MLS Grid
• 2017-08-07 Price Changed $209,000 Stellar MLS as Distributed by MLS Grid
• 2017-06-15 Price Changed $219,000 Stellar MLS as Distributed by MLS Grid
• 2017-04-26 Listed $228,000 Stellar MLS as Distributed by MLS Grid
• 2016-03-11 Sold (Public Records) $109,500 Public Records
• 2016-03-11 Sold (Public Records) $103,300 Public Records
• 2016-03-10 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2016-02-24 Pending — Stellar MLS as Distributed by MLS Grid
• 2016-02-20 Contingent — Stellar MLS as Distributed by MLS Grid
• 2016-02-04 Price Changed $107,000 Stellar MLS as Distributed by MLS Grid
• 2016-02-04 Price Changed $99,000 Stellar MLS as Distributed by MLS Grid
• 2016-02-02 Listed $115,000 Stellar MLS as Distributed by MLS Grid
• 2015-12-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2015-12-30 Relisted — Stellar MLS as Distributed by MLS Grid
• 2015-12-28 Pending — Stellar MLS as Distributed by MLS Grid
• 2015-12-28 Relisted — Stellar MLS as Distributed by MLS Grid
• 2015-11-20 Pending — Stellar MLS as Distributed by MLS Grid
• 2015-11-05 Price Changed $112,000 Stellar MLS as Distributed by MLS Grid
• 2015-08-18 Price Changed $119,900 Stellar MLS as Distributed by MLS Grid
• 2015-07-15 Listed $139,900 Stellar MLS as Distributed by MLS Grid
• 2014-08-19 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2014-06-10 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2014-04-17 Relisted — Stellar MLS as Distributed by MLS Grid
• 2014-04-17 Price Changed $105,000 Stellar MLS as Distributed by MLS Grid
• 2014-04-16 Price Changed $99,900 Stellar MLS as Distributed by MLS Grid
• 2013-07-30 Listed $110,000 Stellar MLS as Distributed by MLS Grid
• 2007-10-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2007-06-22 Listed $157,000 Stellar MLS as Distributed by MLS Grid
• 2002-01-09 Sold (Public Records) $100,000 Public Records
• 1998-05-26 Sold (Public Records) $59,900 Public Records
• 1987-11-16 Sold (Public Records) $45,000 Public Records
• 1984-05-01 Sold (Public Records) $45,000 Public Records

Property tax history

+7.0%/yr

Latest (2025): $4,308 · -18.8% YoY. Source: county tax records.