2750 E Bay Dr Unit 14E · Largo, FL 33771

$110,000

2 bd · 1.0 ba · 840 sqft · Condo public records · 97 Days on market

Built 1972 $455/mo HOA · 27% 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 +19.3/30.0
• 1% rule +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +6.1/10.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

You must see this beautifully maintained 2/1 condo. This condo has built in cabinets in the dining room, to rest your family treasures. This unit has many newer items, such as, A/C, Waterheater, Dishwasher and newer carpet in the living/dining room area. Enjoy cool breezes on the porch overlooking a nicely landscaped back yard. Also, enjoy relaxing by the swimming pool and club house. Great location close to US19!

Key facts

• Clubhouse
• Non-flood zone
• Heated pool

Tags

• SCREENED-ENCLOSED PORCH
• ASSIGNED PARKING SPACE
• NON-FLOOD ZONE
• HEATED POOL
• CLUBHOUSE

Property features AI

Finance

• Other: Partially furnished
• Financial info: Lease restrictions apply
• HOA & community: Monthly condo fee $455 (includes pool, grounds maintenance, sewer, trash, water); Association approval required; Association name: Richard Drago; Senior community; No pets allowed; Monthly maintenance amount in addition to HOA: $0; Total annual fees $5,460

Exterior

• Parking: Assigned parking (spot 14E) or guest parking (per directions)
• Utilities: Public water; Public sewer; Electricity connected; Cable connected
• Home design: Condominium; One story; Unit on 2nd floor; Faces south; Residential property
• Construction: Block and frame construction; Other roof; Slab foundation; Built as part of Bay Palms Condo
• Exterior features: Exterior lighting; Sidewalk; Heated in-ground private pool; Pool on-site

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Ceramic tile; Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Open floorplan; Living room/dining room combo
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $110k.

Deal economics

• At list price, monthly cash flow is $120 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $110k).
• Recommended offer: $100k (9.0% below list) — sets the bar for market timing.
• Cap rate 7.6% 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 (-1.1%/yr); 220 active listings in the ZIP; 39 comparable units currently listed for rent nearby; rentals leasing fast (median 11d 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 34% of the median local income ($60k/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 $761 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 97 days — a 9% lower offer ($100k) is reasonable based on typical stale-listing flexibility.
• 2 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 $82k; 33% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 27% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $100,100 (9.0% below list)

Questions for the listing agent

1. It's been on market 97 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 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. 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: 1.54% ✓
• Cap rate: 7.60%
• Cash-on-cash: 4.68%
• DSCR: 1.21
• GRM: 5.4

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: -14.0%
• Equity multiple: 0.52×
• Total profit: $-14,821
• Equity at exit: $16,401

10-year hold

• IRR: -15.2%
• Equity multiple: 0.32×
• Total profit: $-20,956
• Equity at exit: $9,511

Cash invested: $30,800 (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 33771

• Home prices YoY: -30.2%
• Rents YoY: -1.1%
• Active inventory: 220
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $1,690 high
• Mortgage (P&I): −$577
• Tax est. 1.5%: −$138 /mo · $1,650/yr
• Insurance: −$46
• HOA: −$455
• Vacancy / Maint / Mgmt: −$355
• Net cashflow: $120

Break-even live

Break-even rent $1,538

Max offer price $110,000

Occupancy floor 88%

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Rent comps 39 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2505 E Bay Dr Lot 77 Largo, FL	2.0	1.5	1080	$1,395	$1.29	20d	1	0.23mi
3022 Meadow Lake Ave Largo, FL	2.0	1.0	900	$1,450	$1.61	4d	1	0.27mi
3022 Meadow Lake Ave Largo, FL	2.0	1.0	900	$1,450	$1.61	11d	1	0.27mi
2291 E Bay Dr Largo, FL	2.0	2.0	708	$1,600	$2.26	22d	1	0.31mi
2291 E Bay Dr Largo, FL	2.0	2.0	708	$1,600	$2.26	20d	1	0.31mi
199 Fulton St NE Unit 4 Largo, FL	2.0	1.0	760	$1,600	$2.11	14d	1	0.32mi
600 Starkey Rd Largo, FL	1.0–3.0	1.0–2.0	982	$1,774	$1.81	3d	21	0.36mi
3073 Pine Tree Ave Largo, FL	2.0	1.0	825	$1,350	$1.64	24d	1	0.40mi
3377 Sherwood Dr Unit A Largo, FL	2.0	1.0	1064	$1,650	$1.55	8d	1	0.41mi
3135 Pine Tree Ave Unit A Largo, FL	2.0	1.0	923	$1,395	$1.51	22d	1	0.42mi
3135 Pine Tree Ave Largo, FL	2.0	1.0	923	$1,395	$1.51	11d	1	0.42mi
636 Lake Palms Dr Unit Stylish Largo, FL	2.0	2.0	870	$2,000	$2.30	4d	1	0.45mi
636 Lake Palms Dr Unit Stylish Largo, FL	3.0	2.0	1000	$2,200	$2.20	24d	1	0.45mi
2045 E Bay Dr Largo, FL	1.0–2.0	1.0–2.0	1114	$1,830	$1.64	2d	15	0.46mi
101 Imperial Palm Dr Largo, FL	1.0–2.0	1.0–2.0	907	$1,810	$1.99	2d	35	0.51mi
301 Seacrest Dr Largo, FL	1.0–2.0	1.0–1.5	975	$1,625	$1.67	22d	1	0.51mi
779 34th St SE Unit 1319966P Largo, FL	2.0	1.0	990	$2,941	$2.97	8d	1	0.67mi
500 Belcher Rd S #18 Largo, FL	1.0	1.0	637	$1,500	$2.35	3d	1	0.73mi
221 Lake Ave NE Largo, FL	1.0–2.0	1.0–2.0	1095	$2,160	$1.97	3d	11	0.77mi
4215 E Bay Dr Clearwater, FL	1.0	1.0	575	$1,775	$3.09	18d	3	0.98mi
4215 E Bay Dr Clearwater, FL	1.0	1.0	535	$2,300	$4.30	8d	4	0.98mi
2871 S Pines Dr #24 Largo, FL	2.0	1.5	1048	$1,800	$1.72	24d	1	1.01mi
4500 E Bay Dr #149 Clearwater, FL	2.0	2.0	1050	$1,850	$1.76	24d	1	1.10mi
4500 E Bay Dr #138 Clearwater, FL	2.0	2.0	1050	$1,350	$1.29	24d	1	1.10mi
1100 East Bay Dr #104 Largo, FL	2.0	2.0	840	$1,950	$2.32	4d	1	1.10mi
3331 Whispering Dr N Largo, FL	2.0	2.0	1053	$2,190	$2.08	24d	1	1.14mi
1601 Palm Way Largo, FL	3.0	1.0	1084	$1,950	$1.80	24d	1	1.18mi
3736 141st Pl Largo, FL	2.0	1.0	805	$1,650	$2.05	24d	1	1.28mi
1845 S Highland Ave Clearwater, FL	2.0	2.0	904	$1,525	$1.69	3d	2	1.30mi
705 3rd Ave NE Unit C Largo, FL	3.0	2.0	1113	$2,195	$1.97	3d	1	1.30mi
1517 16th Cir SE Largo, FL	1.0	1.0	625	$1,250	$2.00	4d	1	1.35mi
705 Redbud LN Largo, FL	1.0–2.0	1.0–2.0	986	$2,615	$2.65	2d	189	1.38mi
1653 Bravo Dr Clearwater, FL	1.0	1.0	850	$2,200	$2.59	4d	1	1.41mi
516 5th Ave NE Largo, FL	3.0	2.0	1073	$2,250	$2.10	15d	1	1.43mi
516 5th Ave NE Largo, FL	3.0	2.0	1057	$2,250	$2.13	24d	1	1.43mi
601 Rosery Rd NE Largo, FL	1.0–3.0	1.0–2.5	1192	$1,830	$1.54	2d	38	1.45mi
3767 138th Ave N Unit B Largo, FL	2.0	1.0	780	$1,495	$1.92	2d	1	1.45mi
447 6th Ave NE Unit B Largo, FL	2.0	1.0	840	$1,650	$1.96	11d	1	1.45mi
3718 138th Ave N Unit 2 Largo, FL	2.0	1.0	750	$1,500	$2.00	24d	1	1.46mi

HOA detail condo

• Monthly dues: $455 · $5,460/yr
• Likely covers: waterpool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 21 events

1. 2026-06-18
   days on market $110,000 Active 97 DOM
2. 2026-06-17
   days on market $110,000 Active 96 DOM
3. 2026-06-16
   days on market $110,000 Active 95 DOM
4. 2026-06-15
   days on market $110,000 Active 94 DOM
5. 2026-06-13
   days on market $110,000 Active 92 DOM
6. 2026-06-09
   days on market $110,000 Active 88 DOM
7. 2026-06-08
   days on market $110,000 Active 87 DOM
8. 2026-06-07
   days on market $110,000 Active 86 DOM
9. 2026-06-04
   days on market $110,000 Active 83 DOM
10. 2026-06-03
    days on market $110,000 Active 82 DOM
11. 2026-06-01
    days on market $110,000 Active 80 DOM
12. 2026-05-31
    days on market $110,000 Active 79 DOM
13. 2026-04-17
    price $110,000
14. 2026-03-13
    listed $115,000 Active
15. 2005-12-19
    soldstatus $82,500
16. 2005-12-08
    soldstatus $82,500 417-char remark

    Show marketing remark (417 chars)

    You must see this beautifully maintained 2/1 condo. This condo has built in cabinets in the dining room, to rest your family treasures. This unit has many newer items, such as, A/C, Waterheater, Dishwasher and newer carpet in the living/dining room area. Enjoy cool breezes on the porch overlooking a nicely landscaped back yard. Also, enjoy relaxing by the swimming pool and club house. Great location close to US19!

17. 2005-09-18
    listed $85,000 417-char remark

    Show marketing remark (417 chars)

    You must see this beautifully maintained 2/1 condo. This condo has built in cabinets in the dining room, to rest your family treasures. This unit has many newer items, such as, A/C, Waterheater, Dishwasher and newer carpet in the living/dining room area. Enjoy cool breezes on the porch overlooking a nicely landscaped back yard. Also, enjoy relaxing by the swimming pool and club house. Great location close to US19!

18. 2001-04-13
    soldstatus $25,900
19. 1999-11-18
    soldstatus $21,000
20. 1994-11-04
    soldstatus $33,600
21. 1987-10-09
    soldstatus $31,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 26 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: $20,284
• − Mortgage interest: −$6,162
• − Property taxes: −$1,650
• − Insurance: −$550
• − Repairs & maintenance: −$1,623
• − Management: −$1,623
• − HOA: −$5,460
• − Depreciation: −$3,200
• Taxable income: $17
• Est. tax owed @ 24.0%: −$4
• After-tax cash flow: $1,438/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): 27,596
• Household income: $59,993
• Rent vs Own: 35.5% rent · 64.5% own
• Severe rent burden: 1243.0

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 (74%)
• Race & ethnicity: White 74% Hispanic / Latino 14% Two or more races 9% Black 4% Asian 3%
• Hispanic origin (detail): Mexican 3% Puerto Rican 6% Dominican 2%
• Common ancestry: Romanian 4% Lithuanian 3% Slovak 2%
• Foreign-born: 13% · Canada, Jamaica, Guatemala
• Languages at home: 82% English-only · Spanish 12% 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: ▼ -135.36%
• Current HPI: 313.5044
• Rent YoY: ▼ -1.06%
• 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

+249.2% since first listed

9 events — show timeline

• 2026-04-17 Price Changed $110,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-13 Listed $115,000 Stellar MLS as Distributed by MLS Grid
• 2005-12-19 Sold (Public Records) $82,500 Public Records
• 2005-12-08 Sold (MLS) $82,500 Stellar MLS as Distributed by MLS Grid
• 2005-09-18 Listed $85,000 Stellar MLS as Distributed by MLS Grid
• 2001-04-13 Sold (Public Records) $25,900 Public Records
• 1999-11-18 Sold (Public Records) $21,000 Public Records
• 1994-11-04 Sold (Public Records) $33,600 Public Records
• 1987-10-09 Sold (Public Records) $31,500 Public Records

Property tax history

-20.7%/yr

Latest (2025): $21 · +208.7% YoY. Source: county tax records.