1655 S Highland Ave Unit B216 · Largo, FL 33756

$154,000

2 bd · 2.0 ba · 1,185 sqft · Condo public records · 251 Days on market

Built 1970 $648/mo HOA · 31% of rent

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Why this score? — see what drove the D 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 +10.1/30.0
• 1% rule +8.5/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• DSCR +2.9/10.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Wow, prices are going up and here is your opportunity to bu in on a piece of the Florida condo market and make it your own. This gem in the rough needs some TLC but you have the opportunity to make this your place without compromise. Recently installed less than a year ago brand new HVAC. This unit has newer windows and nothing but potential with a bit of care you'll have a great investment in the community. Minutes from the Gulf Beaches and all of the great activities that Pinellas County has to offer, don't wait too long or this unit may pass you by. ..

Key facts

• Furnished unit
• Gulf beaches
• Updated bathrooms

Tags

• GULF BEACHES
• FURNISHED UNIT
• ENGINEERED HARDWOOD FLOOR
• UPDATED BATHROOMS
• LARGE WALK-IN CLOSET
• SPACIOUS BRIGHT SUNROOM

Property features AI

Finance

• Other: Association approval required for purchase
• Financial info: Total annual HOA/fees $7,782.96; Lease restrictions apply
• HOA & community: HOA managed by Baran Property Management; Monthly HOA fee $648.58 (includes cable TV, pool, insurance, structure maintenance, grounds maintenance, recreational facilities, sewer, trash, water); Buyer approval required for association; Deed restrictions; Senior community; No pets allowed

Exterior

• Parking: Carport with 1 space
• Utilities: Public water; Public sewer; Cable available; Electricity connected; Water connected; Sewer connected
• Home design: Residential condominium; Second-floor unit (Floor 2); Faces south; One level inside unit
• Construction: Block construction; Shingle and other roof types; Slab foundation; Built area 1,185 (public records)
• Exterior features: Private mailbox; Exterior lighting; In-ground private pool; Asphalt road access; Irrigation equipment

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Ceramic tile; Hardwood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Walk-in closets; Window treatments; 6 total rooms
• Laundry & utility: Washer and dryer included; Inside laundry

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $154k.

Deal economics

• At list price, monthly cash flow is $-90 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $138k (10.3% below list).
• Meets the 1% rule at list price ($2k rent vs $154k).
• Recommended offer: $136k (12.0% below list) — sets the bar for market timing.
• Cap rate 5.6% 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 (-2.2%/yr); 355 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 18d 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 $1k of loan paydown is wiped out by about $5k 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 251 days — a 12% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 10y ago; this cycle's ask has dropped $45k (23%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $52k; list at $154k implies a 193% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 31% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $135,520 (12.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 251 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. 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.
10. 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.
11. 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: 1.35% ✓
• Cap rate: 5.59%
• Cash-on-cash: -2.51%
• DSCR: 0.89
• GRM: 6.2

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: -26.0%
• Equity multiple: 0.16×
• Total profit: $-36,336
• Equity at exit: $22,962

10-year hold

• IRR: -55.0%
• Equity multiple: -0.41×
• Total profit: $-60,749
• Equity at exit: $13,315

Cash invested: $43,120 (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: 6.2×

Monthly cashflow live

• Estimated rent: $2,076 high
• Mortgage (P&I): −$808
• Tax from tax record: −$210 /mo · $2,522/yr
• Insurance: −$64
• HOA: −$648
• Vacancy / Maint / Mgmt: −$436
• Net cashflow: $-90

Break-even live

Break-even rent $2,190

Max offer price $138,084

Occupancy floor 99%

Sensitivity live

Price	-10% $-3	-5% $-47	+0% $-90	+5% $-134	+10% $-177
Rent	-10% $-254	-5% $-172	+0% $-90	+5% $-8	+10% $74
Rate	-1.0pp $-13	-0.5pp $-51	base $-90	+0.5pp $-130	+1.0pp $-171

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: $38,500
• Closing costs: $4,620
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1657 S Lake Ave Clearwater, FL	2.0	2.0	1250	$1,550	$1.24	18d	1	0.32mi
1845 S Highland Ave Clearwater, FL	2.0	2.0	904	$1,525	$1.69	3d	2	0.43mi
1310 Bayview Dr Clearwater, FL	3.0	2.0	1500	$3,300	$2.20	25d	1	0.47mi
1679 Leisure Dr Clearwater, FL	3.0	2.0	1497	$3,200	$2.14	2d	1	0.52mi
1321 Chesterfield Dr Unit 1018173P Clearwater, FL	3.0	2.0	1356	$3,967	$2.93	2d	1	0.53mi
1523 S Fredrica Ave Clearwater, FL	3.0	2.0	1284	$2,550	$1.99	25d	1	0.59mi
1406 Lemon St Clearwater, FL	2.0	1.5	1020	$1,990	$1.95	25d	1	0.61mi
1624 Fruitwood Dr Clearwater, FL	2.0	2.0	1298	$2,500	$1.93	25d	1	0.69mi
1700 Rosery Rd NE Largo, FL	2.0	2.0	1223	$2,300	$1.88	8d	1	0.71mi
1119 Breeze Dr Largo, FL	3.0	2.0	1314	$2,475	$1.88	25d	1	0.71mi
1562 S Jefferson Ave Clearwater, FL	1.0	1.0	870	$1,250	$1.44	17d	1	0.76mi
601 Rosery Rd NE Largo, FL	1.0–3.0	1.0–2.5	1192	$1,830	$1.54	2d	38	0.78mi
401 Rosery Rd NE Largo, FL	2.0	1.0–2.0	850	$1,879	$2.21	2d	31	0.86mi
1128 Belleair Rd Unit Home Clearwater, FL	3.0	1.0	1326	$1,695	$1.28	25d	1	0.94mi
1653 Bravo Dr Clearwater, FL	1.0	1.0	850	$2,200	$2.59	5d	1	0.96mi
1532 S Washington Ave Clearwater, FL	3.0	2.0	954	$1,500	$1.57	5d	1	0.99mi
1353 Lakeview Rd Clearwater, FL	3.0	1.0	1360	$1,995	$1.47	25d	1	0.99mi
1524 Lakeview Rd Clearwater, FL	2.0	2.0	1100	$1,395	$1.27	25d	1	0.99mi
1319 Boylan Ave Clearwater, FL	2.0	1.0	800	$1,550	$1.94	25d	1	1.04mi
1007 Hawkins St Unit A Clearwater, FL	2.0	1.0	784	$1,845	$2.35	25d	1	1.04mi
447 6th Ave NE Unit B Largo, FL	2.0	1.0	840	$1,650	$1.96	11d	1	1.06mi
833 Hall St Clearwater, FL	1.0	1.0	700	$1,350	$1.93	17d	1	1.07mi
833 Hall St Clearwater, FL	1.0	1.0	700	$1,350	$1.93	25d	1	1.07mi
1536 Illinois Rd Clearwater, FL	2.0	1.0	1440	$2,200	$1.53	5d	1	1.07mi
1574 Ewing Ave Clearwater, FL	3.0	2.0	1324	$2,700	$2.04	4d	1	1.08mi
250 Rosery Rd NW #283 Largo, FL	2.0	1.0	764	$1,395	$1.83	21d	1	1.08mi
516 5th Ave NE Largo, FL	3.0	2.0	1057	$2,250	$2.13	24d	1	1.09mi
516 5th Ave NE Largo, FL	3.0	2.0	1073	$2,250	$2.10	15d	1	1.09mi
1530 S Martin Luther King Jr Ave Clearwater, FL	3.0	2.0	1025	$1,995	$1.95	11d	1	1.09mi
1530 S Martin Luther King Jr Ave Clearwater, FL	3.0	2.0	1025	$1,950	$1.90	25d	1	1.09mi
250 Rosery Rd NW Largo, FL	1.0	1.0	672	$1,295	$1.93	3d	1	1.10mi
221 Lake Ave NE Largo, FL	1.0–2.0	1.0–2.0	1095	$2,160	$1.97	3d	11	1.17mi
101 Imperial Palm Dr Largo, FL	1.0–2.0	1.0–2.0	907	$1,810	$1.99	3d	35	1.17mi
1192 S Duncan Ave Clearwater, FL	2.0	2.0	1395	$2,500	$1.79	4d	1	1.17mi
705 3rd Ave NE Unit C Largo, FL	3.0	2.0	1113	$2,195	$1.97	4d	1	1.20mi
713 Smith St Clearwater, FL	1.0	1.0	814	$1,595	$1.96	3d	1	1.21mi
1520 Jeffords St Clearwater, FL	1.0–2.0	1.0	645	$1,500	$2.33	25d	1	1.22mi
1657 S Lake Dr Unit 3 Clearwater, FL	2.0	2.0	1250	$1,550	$1.24	18d	1	1.22mi
1100 East Bay Dr #104 Largo, FL	2.0	2.0	840	$1,950	$2.32	4d	1	1.27mi
1571 S Myrtle Ave Clearwater, FL	3.0	2.0	1202	$2,400	$2.00	25d	1	1.28mi

HOA detail condo

• Monthly dues: $648 · $7,776/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 32 events

1. 2026-06-18
   days on market $154,000 Active 251 DOM
2. 2026-06-17
   days on market $154,000 Active 250 DOM
3. 2026-06-16
   days on market $154,000 Active 249 DOM
4. 2026-06-15
   days on market $154,000 Active 248 DOM
5. 2026-06-13
   days on market $154,000 Active 246 DOM
6. 2026-06-09
   days on market $154,000 Active 242 DOM
7. 2026-06-08
   days on market $154,000 Active 241 DOM
8. 2026-06-07
   days on market $154,000 Active 240 DOM
9. 2026-06-04
   days on market $154,000 Active 237 DOM
10. 2026-06-03
    days on market $154,000 Active 236 DOM
11. 2026-06-01
    days on market $154,000 Active 234 DOM
12. 2026-05-31
    days on market $154,000 Active 233 DOM
13. 2026-04-07
    price $159,000
14. 2026-03-12
    price $169,000
15. 2026-01-07
    price $173,900
16. 2025-11-07
    price $174,900
17. 2025-10-22
    price $189,900
18. 2025-10-10
    listed $199,000 Active
19. 2025-07-26
    historical
20. 2025-07-07
    price $199,000
21. 2025-05-14
    price $207,700
22. 2025-03-07
    price $212,700
23. 2025-01-28
    price $217,700
24. 2024-10-16
    price $227,700
25. 2024-08-08
    price $232,700
26. 2024-07-21
    listed $237,900 Active
27. 2016-06-06
    soldstatus $52,500
28. 2016-06-01
    soldstatus $52,500 Sold 561-char remark

    Show marketing remark (561 chars)

    Wow, prices are going up and here is your opportunity to bu in on a piece of the Florida condo market and make it your own. This gem in the rough needs some TLC but you have the opportunity to make this your place without compromise. Recently installed less than a year ago brand new HVAC. This unit has newer windows and nothing but potential with a bit of care you'll have a great investment in the community. Minutes from the Gulf Beaches and all of the great activities that Pinellas County has to offer, don't wait too long or this unit may pass you by. ..

29. 2016-05-10
    status Pending 561-char remark

    Show marketing remark (561 chars)

    Wow, prices are going up and here is your opportunity to bu in on a piece of the Florida condo market and make it your own. This gem in the rough needs some TLC but you have the opportunity to make this your place without compromise. Recently installed less than a year ago brand new HVAC. This unit has newer windows and nothing but potential with a bit of care you'll have a great investment in the community. Minutes from the Gulf Beaches and all of the great activities that Pinellas County has to offer, don't wait too long or this unit may pass you by. ..

30. 2016-05-03
    listed $58,900 Active 561-char remark

    Show marketing remark (561 chars)

    Wow, prices are going up and here is your opportunity to bu in on a piece of the Florida condo market and make it your own. This gem in the rough needs some TLC but you have the opportunity to make this your place without compromise. Recently installed less than a year ago brand new HVAC. This unit has newer windows and nothing but potential with a bit of care you'll have a great investment in the community. Minutes from the Gulf Beaches and all of the great activities that Pinellas County has to offer, don't wait too long or this unit may pass you by. ..

31. 1997-09-30
    soldstatus $56,000
32. 1993-03-30
    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: $2,522 · $210/mo
• Projected year-2 tax: $2,522 · $210/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 25 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: $24,909
• − Mortgage interest: −$8,626
• − Property taxes: −$2,522
• − Insurance: −$770
• − Repairs & maintenance: −$1,993
• − Management: −$1,993
• − HOA: −$7,776
• − Depreciation: −$4,480
• Taxable loss: −$3,251
• Est. tax savings @ 24.0%: +$780
• After-tax cash flow: $-301/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

+269.8% since first listed

20 events — show timeline

• 2026-04-07 Price Changed $159,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-12 Price Changed $169,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-07 Price Changed $173,900 Stellar MLS as Distributed by MLS Grid
• 2025-11-07 Price Changed $174,900 Stellar MLS as Distributed by MLS Grid
• 2025-10-22 Price Changed $189,900 Stellar MLS as Distributed by MLS Grid
• 2025-10-10 Listed $199,000 Stellar MLS as Distributed by MLS Grid
• 2025-07-26 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-07-07 Price Changed $199,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-14 Price Changed $207,700 Stellar MLS as Distributed by MLS Grid
• 2025-03-07 Price Changed $212,700 Stellar MLS as Distributed by MLS Grid
• 2025-01-28 Price Changed $217,700 Stellar MLS as Distributed by MLS Grid
• 2024-10-16 Price Changed $227,700 Stellar MLS as Distributed by MLS Grid
• 2024-08-08 Price Changed $232,700 Stellar MLS as Distributed by MLS Grid
• 2024-07-21 Listed $237,900 Stellar MLS as Distributed by MLS Grid
• 2016-06-06 Sold (Public Records) $52,500 Public Records
• 2016-06-01 Sold (MLS) $52,500 Stellar MLS as Distributed by MLS Grid
• 2016-05-10 Pending — Stellar MLS as Distributed by MLS Grid
• 2016-05-03 Listed $58,900 Stellar MLS as Distributed by MLS Grid
• 1997-09-30 Sold (Public Records) $56,000 Public Records
• 1993-03-30 Sold (Public Records) $43,000 Public Records

Property tax history

+8.6%/yr

Latest (2025): $2,522 · -11.1% YoY. Source: county tax records.