4758 Lake Villa Dr · Pinellas Park, FL 33762

$95,000

1 bd · 1.0 ba · 650 sqft · Condo public records · 56 Days on market

Built 1977 $502/mo HOA · 30% 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 +25.1/30.0
• 1% rule +10.0/10.0
• DSCR +8.2/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

* * * Although this property is currently under contract, the seller will consider additional offers due to contingencies in the contract * * * Hurry! You don't want to miss the only condo for sale in this community! Featuring an open floor plan, this one-bedroom home is perfect for the full-time or seasonal resident and is located in a 55+ community. The well-appointed kitchen has plenty of cabinets, a pantry, and extra counter space that was added by the owner to provide plenty of preparation room and storage space. This unit also has an enclosed and screened bonus room that is perfect for relaxing, office space, or accommodating the occasional guest. Additional features include an assigned covered parking space and a private storage unit. Concerned about laundry and amenities? Don't worry! The laundry facility is located just across the street from this condo unit, along with a community clubhouse, heated pool, and shuffleboard courts. That's not all! Just behind the neighborhood is Freedom Park, where you and guests can enjoy the park with picnic tables, outdoor exercise facility, walking paths, playground, and a pond. If you're looking for a centrally-located Florida home with easy access to the beaches, airports, shopping, and restaurants, this is the place you've been looking for!

Key facts

• Shuffleboard courts
• End unit
• Swimming pool

Tags

• END UNIT
• OPEN-CONCEPT LAYOUT
• WOOD-LOOK LAMINATE FLOORING
• STAINLESS STEEL REFRIGERATOR
• SWIMMING POOL
• SHUFFLEBOARD COURTS

Property features AI

Finance

• Financial info: Total annual fees $6,024; Lease restrictions apply
• HOA & community: Association: Summer Troub; Condo fee $502/month; Buyer approval required; Deed restrictions; Community pool; Senior community; No pets allowed; Association approval required

Exterior

• Parking: Assigned parking; Carport (1 space)
• Utilities: Public water; Public sewer; Cable connected; Electricity connected; Water connected
• Home design: Residential villa; One story; Faces east; Homestead exempt
• Construction: Shingle roof; Other construction materials; Slab foundation; Living area ~650 sq ft
• Exterior features: Covered rear porch; Screened porch; Exterior lighting; Exterior storage

Interior

• Kitchen: Microwave; Range; Refrigerator
• Bedrooms: 1 bedroom
• Flooring: Carpet; Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Living room and dining room combo; Open floorplan
• Laundry & utility: Laundry: Other

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $95k.

Deal economics

• At list price, monthly cash flow is $211 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $95k).
• Recommended offer: $92k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.0% vs local median 4.0% in Pinellas Park — 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 78/100 on livability (#170 in FL, #2,546 nationally) — a middle-class / working-renter tenant base. 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.
• Zoned schools: Pinellas Central Elementary School (math 51% / reading 45%, grade D, #1,171 of 2,144 statewide, top 55%, 498 students, 64% FRL); Pinellas Park High School (math 28% / reading 35%, grade F, #424 of 667 statewide, top 64%, 1,919 students, 57% FRL).
• Market conditions: Rents soft (-1.1%/yr); 100 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals leasing fast (median 2d 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 $657 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 56 days — a 3% lower offer ($92k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y 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 30% of rent.
• Climate carrying-cost: moderate flood risk; 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 $92,150 (3.0% below list)

Questions for the listing agent

1. It's been on market 56 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1977 — 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.79% ✓
• Cap rate: 8.95%
• Cash-on-cash: 9.50%
• DSCR: 1.42
• GRM: 4.7

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: -7.1%
• Equity multiple: 0.75×
• Total profit: $-6,630
• Equity at exit: $14,165

10-year hold

• IRR: -4.7%
• Equity multiple: 0.76×
• Total profit: $-6,420
• Equity at exit: $8,214

Cash invested: $26,600 (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 33762

• Rents YoY: -1.1%
• Active inventory: 100
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $1,696 high
• Mortgage (P&I): −$498
• Tax from tax record: −$90 /mo · $1,074/yr
• Insurance: −$40
• HOA: −$502
• Vacancy / Maint / Mgmt: −$356
• Net cashflow: $211

Break-even live

Break-even rent $1,429

Max offer price $95,000

Occupancy floor 83%

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: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9505 49th St N Pinellas Park, FL	1.0–3.0	1.0–2.0	1049	$1,888	$1.80	2d	19	0.44mi
4701 88th Ave N Pinellas Park, FL	1.0–2.0	1.0–2.0	855	$1,419	$1.66	10d	20	0.81mi
8851 US Highway 19 N Pinellas Park, FL	1.0–3.0	1.0–2.0	993	$1,740	$1.75	1d	23	0.98mi
4940 87th Ave Unit C Pinellas Park, FL	2.0	1.0	700	$2,600	$3.71	24d	1	0.99mi
4355 84th Ave N Pinellas Park, FL	1.0	1.0	700	$1,550	$2.21	2d	10	1.12mi
8400 49th St N Pinellas Park, FL	1.0–2.0	1.0–2.0	707	$1,349	$1.91	1d	22	1.12mi
8311 56th Way Unit 2 Pinellas Park, FL	1.0	1.0	750	$2,200	$2.93	24d	1	1.42mi

HOA detail condo

• Monthly dues: $502 · $6,024/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 23 events

1. 2026-06-18
   days on market $95,000 Active 56 DOM
2. 2026-06-17
   days on market $95,000 Active 55 DOM
3. 2026-06-16
   days on market $95,000 Active 54 DOM
4. 2026-06-15
   days on market $95,000 Active 53 DOM
5. 2026-06-13
   days on market $95,000 Active 51 DOM
6. 2026-06-09
   days on market $95,000 Active 47 DOM
7. 2026-06-08
   days on market $95,000 Active 46 DOM
8. 2026-06-07
   days on market $95,000 Active 45 DOM
9. 2026-06-04
   days on market $95,000 Active 42 DOM
10. 2026-06-03
    days on market $95,000 Active 41 DOM
11. 2026-06-01
    days on market $95,000 Active 39 DOM
12. 2026-05-31
    days on market $95,000 Active 38 DOM
13. 2026-04-23
    listed $95,000 Active
14. 2022-11-07
    soldstatus $102,000
15. 2022-10-31
    soldstatus $102,000 Closed 1314-char remark

    Show marketing remark (1314 chars)

    * * * Although this property is currently under contract, the seller will consider additional offers due to contingencies in the contract * * * Hurry! You don't want to miss the only condo for sale in this community! Featuring an open floor plan, this one-bedroom home is perfect for the full-time or seasonal resident and is located in a 55+ community. The well-appointed kitchen has plenty of cabinets, a pantry, and extra counter space that was added by the owner to provide plenty of preparation room and storage space. This unit also has an enclosed and screened bonus room that is perfect for relaxing, office space, or accommodating the occasional guest. Additional features include an assigned covered parking space and a private storage unit. Concerned about laundry and amenities? Don't worry! The laundry facility is located just across the street from this condo unit, along with a community clubhouse, heated pool, and shuffleboard courts. That's not all! Just behind the neighborhood is Freedom Park, where you and guests can enjoy the park with picnic tables, outdoor exercise facility, walking paths, playground, and a pond. If you're looking for a centrally-located Florida home with easy access to the beaches, airports, shopping, and restaurants, this is the place you've been looking for!

16. 2022-08-09
    status Pending 1314-char remark

    Show marketing remark (1314 chars)

    * * * Although this property is currently under contract, the seller will consider additional offers due to contingencies in the contract * * * Hurry! You don't want to miss the only condo for sale in this community! Featuring an open floor plan, this one-bedroom home is perfect for the full-time or seasonal resident and is located in a 55+ community. The well-appointed kitchen has plenty of cabinets, a pantry, and extra counter space that was added by the owner to provide plenty of preparation room and storage space. This unit also has an enclosed and screened bonus room that is perfect for relaxing, office space, or accommodating the occasional guest. Additional features include an assigned covered parking space and a private storage unit. Concerned about laundry and amenities? Don't worry! The laundry facility is located just across the street from this condo unit, along with a community clubhouse, heated pool, and shuffleboard courts. That's not all! Just behind the neighborhood is Freedom Park, where you and guests can enjoy the park with picnic tables, outdoor exercise facility, walking paths, playground, and a pond. If you're looking for a centrally-located Florida home with easy access to the beaches, airports, shopping, and restaurants, this is the place you've been looking for!

17. 2022-08-02
    listed $92,500 Active 1314-char remark

    Show marketing remark (1314 chars)

    * * * Although this property is currently under contract, the seller will consider additional offers due to contingencies in the contract * * * Hurry! You don't want to miss the only condo for sale in this community! Featuring an open floor plan, this one-bedroom home is perfect for the full-time or seasonal resident and is located in a 55+ community. The well-appointed kitchen has plenty of cabinets, a pantry, and extra counter space that was added by the owner to provide plenty of preparation room and storage space. This unit also has an enclosed and screened bonus room that is perfect for relaxing, office space, or accommodating the occasional guest. Additional features include an assigned covered parking space and a private storage unit. Concerned about laundry and amenities? Don't worry! The laundry facility is located just across the street from this condo unit, along with a community clubhouse, heated pool, and shuffleboard courts. That's not all! Just behind the neighborhood is Freedom Park, where you and guests can enjoy the park with picnic tables, outdoor exercise facility, walking paths, playground, and a pond. If you're looking for a centrally-located Florida home with easy access to the beaches, airports, shopping, and restaurants, this is the place you've been looking for!

18. 2015-03-04
    soldstatus $29,500
19. 2014-03-31
    soldstatus $21,500
20. 2004-08-24
    soldstatus $49,900
21. 2002-08-01
    soldstatus $33,000
22. 1992-10-22
    soldstatus $36,500
23. 1990-10-02
    soldstatus $33,500

ⓘ 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: $1,074 · $90/mo
• Projected year-2 tax: $1,074 · $90/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 5/10 Major FEMA zone X (shaded) · 50% 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: $20,354
• − Mortgage interest: −$5,321
• − Property taxes: −$1,074
• − Insurance: −$475
• − Repairs & maintenance: −$1,628
• − Management: −$1,628
• − HOA: −$6,024
• − Depreciation: −$2,764
• Taxable income: $1,439
• Est. tax owed @ 24.0%: −$345
• After-tax cash flow: $2,183/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 — Pinellas Park

• Score: 78/100
• State rank: #170
• US rank: #2546

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pinellas Park, FL
• County: Pinellas County · 939,478 people
• City population: 50,533
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 5,063
• Household income: $87,461
• Rent vs Own: 25.1% rent · 74.9% own
• Severe rent burden: 105.0

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% Two or more races 11% Hispanic / Latino 10% Asian 5% Black 5%
• Hispanic origin (detail): Puerto Rican 1% Cuban 2%
• Common ancestry: Italian 5% Romanian 4% Serbian 2%
• Foreign-born: 10% · Canada, Jamaica, South Korea
• Languages at home: 83% English-only · Other Indo-European 6% Spanish 6% French/Haitian/Cajun 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: ▼ -212.83%
• Current HPI: 264.2599
• Rent YoY: ▼ -1.11%
• 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

+183.6% since first listed

11 events — show timeline

• 2026-04-23 Listed $95,000 Stellar MLS as Distributed by MLS Grid
• 2022-11-07 Sold (Public Records) $102,000 Public Records
• 2022-10-31 Sold (MLS) $102,000 Stellar MLS as Distributed by MLS Grid
• 2022-08-09 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-08-02 Listed $92,500 Stellar MLS as Distributed by MLS Grid
• 2015-03-04 Sold (Public Records) $29,500 Public Records
• 2014-03-31 Sold (Public Records) $21,500 Public Records
• 2004-08-24 Sold (Public Records) $49,900 Public Records
• 2002-08-01 Sold (Public Records) $33,000 Public Records
• 1992-10-22 Sold (Public Records) $36,500 Public Records
• 1990-10-02 Sold (Public Records) $33,500 Public Records

Property tax history

+4.4%/yr

Latest (2025): $1,074 · -13.8% YoY. Source: county tax records.