6035 Bahia Del Mar Blvd #145 · St. Petersburg, FL 33715

$299,900

2 bd · 2.0 ba · 1,145 sqft · Condo public records · 1 Days on market

Built 1988 $797/mo HOA · 25% of rent

---

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 +10.9/30.0
• ARV discount +7.5/15.0
• 1% rule +5.8/10.0
• Appreciation +4.9/10.0
• Schools +4.3/10.0
• DSCR +3.2/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Welcome to Paradise says this 2 bed 2 bath condo in the desired Vista Verde. This condo has an awesome location which looks out to a great view and walks directly to the pool. Perfect for entertaining and cooking. This open floor plan features the split bedrooms on both sides, 2 full bathrooms with showers, storage closet, interior laundry and a large living room with a slider walking to the patio. This condo comes with a front parking spot and several open guest spots. This is located in Isla which offers membership to the Golf and Tennis Clubs. This condo is a half mile from the sugary sandy beaches of St Pete Beach. It is 10 minutes from Pass a Grille Beach and Fort De Soto State Beach.

Key facts

• Open floor plan
• Interior laundry
• Front parking spot

Tags

• WALKS DIRECTLY TO THE POOL
• OPEN FLOOR PLAN
• SPLIT BEDROOMS
• INTERIOR LAUNDRY
• LARGE LIVING ROOM
• FRONT PARKING SPOT

Property features AI

Finance

• Other: Partially furnished; Association fees required and billed monthly
• Financial info: Total annual fees $9,564; Lease restrictions apply
• HOA & community: Monthly condo fee of $797; Association: Resource Property Management; Association fees include cable TV, common area taxes, pool, escrow reserves, fidelity bond, insurance, internet, structure & grounds maintenance, pest control, management, security, sewer, trash and water; Buyer approval required; Clubhouse; Deed restrictions; Golf carts allowed; Irrigation with reclaimed water; Sidewalks and street lights; Pets allowed (cats and dogs)

Exterior

• Parking: Concrete road access
• Security: Community security included (via association services)
• Utilities: Public water; Public sewer; Electricity connected; Cable connected; High-speed internet/BB available; Sprinkler recycled; Water connected; Sewer connected
• Home design: Condominium; One story; Faces northeast; Residential property
• Construction: Block construction; Shingle roof; Slab foundation; Built as part of building number 6035
• Exterior features: Outdoor lighting; Outdoor grill; Private mailbox; Sidewalk; Sliding doors

Interior

• Kitchen: Built-in oven; Cooktop; Range; Range hood; Microwave; Dishwasher; Disposal
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen; Kitchen/family room combo; Living room/dining room combo; Open floorplan; Split bedroom layout; Walk-in closets; Window treatments
• Laundry & utility: Laundry closet; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $300k.

Deal economics

• At list price, monthly cash flow is $-133 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $276k (7.9% below list).
• Meets the 1% rule at list price ($3k rent vs $300k).
• Recommended offer: $276k (7.9% below list) — sets the bar for cash-flow.
• Cap rate 5.8% 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 D — 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.
• Market conditions: 282 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 38% of the median local income ($103k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $2k of equity ($2k loan paydown + $-465 appreciation (-0.1% local appreciation)).
• Pinellas County population projected at +14% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $96k; list at $300k implies a 211% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 25% 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 $276,347 (7.9% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. 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?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.08% ✓
• Cap rate: 5.76%
• Cash-on-cash: -1.91%
• DSCR: 0.92
• GRM: 7.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-0.15% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -4.9%
• Equity multiple: 0.77×
• Total profit: $-19,005
• Equity at exit: $84,766

10-year hold

• IRR: 1.3%
• Equity multiple: 1.13×
• Total profit: $11,193
• Equity at exit: $100,063

Cash invested: $83,972 (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 33715

• Home prices YoY: -0.1%
• Active inventory: 282
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $3,253 high
• Mortgage (P&I): −$1,573
• Tax from tax record: −$208 /mo · $2,499/yr
• Insurance: −$125
• HOA: −$797
• Vacancy / Maint / Mgmt: −$683
• Net cashflow: $-133

Break-even live

Break-even rent $3,421

Max offer price $276,347

Occupancy floor 99%

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: $74,975
• Closing costs: $8,997
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6361 Bahia del Mar Blvd St Petersburg, FL	1.0–2.0	1.5–2.0	835	$5,800	$6.95	3d	3	0.05mi
6357 Bahia del Mar Blvd St Petersburg, FL	1.0–2.0	1.5–2.0	915	$7,000	$7.65	24d	2	0.06mi
6059 Bahia del Mar Blvd #241 Saint Petersburg, FL	2.0	2.0	1070	$5,170	$4.83	17d	1	0.07mi
6073 Bahia del Mar Blvd #129 Saint Petersburg, FL	2.0	2.0	1145	$2,200	$1.92	24d	1	0.09mi
6077 Bahia del Mar Blvd St Petersburg, FL	2.0	2.0	1107	$2,198	$1.98	12d	2	0.10mi
6365 Bahia del Mar Blvd St Petersburg, FL	1.0–2.0	1.5–2.0	827	$2,500	$3.02	17d	3	0.10mi
6295 Bahia del Mar Cir St Petersburg, FL	1.0–2.0	1.0–2.0	915	$7,110	$7.77	24d	6	0.11mi
6294 Bahia del Mar Cir St Petersburg, FL	2.0	2.0	945	$4,142	$4.38	24d	3	0.11mi
6281 Bahia del Mar Blvd #208 Saint Petersburg, FL	2.0	2.0	890	$2,100	$2.36	24d	1	0.12mi
6273 Bahia del Mar Blvd #216 Saint Petersburg, FL	2.0	2.0	915	$5,700	$6.23	24d	1	0.16mi
6382 Palma del Mar Blvd S #222 Saint Petersburg, FL	2.0	2.0	890	$2,200	$2.47	24d	1	0.17mi
6141 Bahia del Mar Blvd #229 Saint Petersburg, FL	2.0	2.0	1145	$6,090	$5.32	24d	1	0.18mi
6141 Bahia Del Mar Blvd S Unit 1546330P St. Petersburg, FL	2.0	2.0	1140	$2,631	$2.31	7d	1	0.18mi
6343 Palma del Mar Blvd S #228 Saint Petersburg, FL	2.0	2.0	890	$2,395	$2.69	24d	1	0.19mi
6343 Palma del Mar Blvd S #226 Saint Petersburg, FL	2.0	2.0	890	$2,235	$2.51	17d	1	0.19mi
6107 Mirada Cir Saint Petersburg, FL	3.0	2.5	1320	$3,200	$2.42	4d	1	0.20mi
6291 Bahia del Mar Cir St Petersburg, FL	2.0	2.0	1222	$3,830	$3.13	24d	2	0.21mi
6151 Bahia del Mar Blvd St Petersburg, FL	2.0	2.0	1107	$4,540	$4.10	24d	3	0.22mi
6372 Palma Del Mar Blvd S Unit 1545876P St. Petersburg, FL	2.0	2.0	882	$2,258	$2.56	14d	1	0.23mi
6372 Palma Del Mar Blvd S Unit 1546269P St. Petersburg, FL	1.0	1.0	721	$2,581	$3.58	14d	1	0.23mi
6100 Bahia del Mar Cir #103 Saint Petersburg, FL	2.0	2.5	1145	$5,580	$4.87	4d	1	0.24mi
6100 Bahia del Mar Cir St Petersburg, FL	2.0	2.0–2.5	1145	$4,038	$3.53	24d	2	0.24mi
6269 Palma del Mar Blvd S #104 Saint Petersburg, FL	2.0	2.0	890	$2,500	$2.81	4d	1	0.24mi
6269 Palma del Mar Blvd S #501 Saint Petersburg, FL	1.0	1.5	780	$2,000	$2.56	4d	1	0.24mi
6269 Palma del Mar Blvd S #308 Saint Petersburg, FL	2.0	2.0	1050	$2,495	$2.38	4d	1	0.24mi
6269 Palma del Mar Blvd S #302 Saint Petersburg, FL	2.0	2.0	1050	$2,395	$2.28	4d	1	0.24mi
6322 Palma del Mar Blvd S #1205 Saint Petersburg, FL	2.0	2.0	1250	$2,500	$2.00	24d	1	0.25mi
6322 Palma del Mar Blvd S #1104 Saint Petersburg, FL	2.0	2.0	1150	$4,500	$3.91	24d	1	0.25mi
6322 Palma del Mar Blvd S #805 Saint Petersburg, FL	2.0	2.0	1250	$2,850	$2.28	24d	1	0.25mi
6322 Palma del Mar Blvd S #216 Saint Petersburg, FL	2.0	2.0	890	$2,395	$2.69	17d	1	0.25mi
6322 Palma del Mar Blvd S #505 Saint Petersburg, FL	2.0	2.0	1250	$2,800	$2.24	24d	1	0.25mi
6322 Palma del Mar Blvd S #216 Saint Petersburg, FL	2.0	2.0	890	$2,395	$2.69	7d	1	0.25mi
6287 Bahia del Mar Cir #312 Saint Petersburg, FL	2.0	2.0	890	$3,200	$3.60	4d	1	0.27mi
6287 Bahia del Mar Cir #311 St Petersburg, FL	2.0	2.0	890	$2,100	$2.36	4d	1	0.27mi
6268 Palma Del Mar Blvd S Unit 1546126P St. Petersburg, FL	1.0	1.0	796	$3,226	$4.05	14d	1	0.27mi
6268 Palma del Mar Blvd S #102 Saint Petersburg, FL	2.0	2.0	890	$2,500	$2.81	24d	1	0.27mi
6268 Palma del Mar Blvd S #306 Saint Petersburg, FL	2.0	2.0	1050	$2,750	$2.62	24d	1	0.27mi
6268 Palma del Mar Blvd S #111 Saint Petersburg, FL	2.0	2.0	915	$3,000	$3.28	24d	1	0.27mi
6268 Palma del Mar Blvd S Saint Petersburg, FL	2.0	2.0	1050	$1,795	$1.71	24d	1	0.27mi
5901 Bahia del Mar Cir #422 Saint Petersburg, FL	2.0	2.0	1080	$7,860	$7.28	24d	1	0.30mi

HOA detail condo

• Monthly dues: $797 · $9,564/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 2 events

1. 2026-06-18
   remarks 699-char remark
2. 2026-06-18
   listed $299,900 Active 1 DOM

ⓘ 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: $2,499 · $208/mo
• Projected year-2 tax: $2,499 · $208/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) · 52% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°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: $39,032
• − Mortgage interest: −$16,799
• − Property taxes: −$2,499
• − Insurance: −$1,500
• − Repairs & maintenance: −$3,123
• − Management: −$3,123
• − HOA: −$9,564
• − Depreciation: −$8,724
• Taxable loss: −$6,299
• Est. tax savings @ 24.0%: +$1,512
• After-tax cash flow: $-88/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): 8,032
• Household income: $102,782
• Rent vs Own: 9.2% rent · 90.8% own
• Severe rent burden: 106.0

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 (89%)
• Race & ethnicity: White 89% Two or more races 5% Hispanic / Latino 5% Asian 2%
• Hispanic origin (detail): Puerto Rican 2%
• Common ancestry: Romanian 6% Hungarian 3% Lithuanian 3%
• Foreign-born: 11% · Canada, China
• Languages at home: 88% English-only · Spanish 5% Russian/Polish/Slavic 2% Arabic 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: ▼ -0.15%
• Current HPI: 264.9727
• Rent YoY: —
• 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

+259.2% since first listed

4 events — show timeline

• 2026-06-18 Listed $299,900 Stellar MLS as Distributed by MLS Grid
• 1996-08-23 Sold (Public Records) $96,500 Public Records
• 1992-09-28 Sold (Public Records) $101,000 Public Records
• 1988-07-18 Sold (Public Records) $83,500 Public Records

Property tax history

-1.4%/yr

Latest (2025): $2,499 · +6.0% YoY. Source: county tax records.