1250 S Pinellas Ave #711 · Tarpon Springs, FL 34689

$117,500

1 bd · 1.0 ba · 565 sqft · Condo public records · 11 Days on market

Built 1974 $317/mo HOA · 22% 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 +11.9/30.0
• ARV discount +7.5/15.0
• 1% rule +7.0/10.0
• Schools +4.3/10.0
• DSCR +3.5/10.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Updated, Turnkey/Furnished or Unfurnished CONDO. Amazing location in a 55+ community with a heated pool, tennis courts, fitness center, and more. Updated, 1 bedroom 1 bath second floor unit in the much desired community of The Green Dolphin. AC 2021. Plantation shutters and updated electrical panel box. Fully furnished if desired offering dining room/living room combo with newer impact windows. Spacious Updated Kitchen. One of the best buildings in the community directly across from the heated sparkling pool. The low monthly HOA fee covers basic cable, internet, water, sewer, trash, maintenance of exterior and grounds, as well as a clubhouse with fitness equipment, a library, billiards, a card room, a kitchen, and a meeting room that hosts many social events. The Green Dolphin is well-situated with a public golf course next door and a hospital and shopping center across the street. You can't beat the location! This is situated right in the heart of Tarpon Springs. Beaches, parks, fabulous restaurants, shops, grocery, hospital, Pinellas Trail, public transportation, bus and Jolly Trolley stops are just outside the community. You are sure to love all that Tarpon Springs has to offer, there are so many fun festivals including art shows, First Fridays, free concerts, plays, and parades to name just a few. Pet friendly. Walk to the Winn-Dixie shopping center. Call today for a private tour.

Key facts

• Updated kitchen
• Modern bathroom
• Heated pool

Tags

• HURRICANE IMPACT WINDOWS
• UPGRADED ELECTRICAL PANEL
• CERAMIC TILE FLOORING
• UPDATED KITCHEN
• MODERN BATHROOM
• HEATED POOL

Property features AI

Finance

• Other: Furnished; Directions: Take Pinellas Ave to Green Dolphin Blvd, head west, enter the traffic circle and turn right — Building 700 is on the right
• Financial info: Total annual fees reported as $3,804; Lease restrictions apply
• HOA & community: Monthly HOA fee of $317; Association name: Maria Senica (approval required); HOA fee includes cable TV, pool, escrow reserves, insurance, internet, building and grounds maintenance, recreational facilities, sewer, trash, and water; Community amenities: clubhouse, fitness center, laundry, pool, tennis courts, community mailbox, sidewalks, street lights; Pets allowed (maximum ~24 lbs); Condo fees listed as $0 (land not included)

Exterior

• Parking: Assigned parking
• Utilities: Public water; Public sewer; Cable available; Electricity connected
• Home design: Condominium; Residential property; Single-story building; Faces west; Building 700
• Construction: Stucco construction; Built-up roof; Block foundation; Originally part of a multi-unit building
• Exterior features: Lighting; Sidewalks; Tennis courts; Paved roads

Interior

• Kitchen: Microwave; Range; Refrigerator
• Bedrooms: 1 bedroom (located on floor 2)
• Flooring: Ceramic tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Common area laundry
• Laundry & utility: Common area laundry; Irrigation equipment

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $118k.

Deal economics

• At list price, monthly cash flow is $-29 ($-351/yr) — negative.
• To cash-flow at today's rent, offer at most $112k (4.4% below list).
• Meets the 1% rule at list price ($1k rent vs $118k).
• Recommended offer: $112k (4.4% below list) — sets the bar for cash-flow.
• Cap rate 6.0% vs local median 3.3% in Tarpon Springs — 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 68/100 on livability (#502 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living A; Watch: employment C-, amenities F, commute 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: Sunset Hills Elementary School (math 72% / reading 72%, grade A-, #288 of 2,144 statewide, top 15%, 451 students, 52% FRL); Tarpon Springs Middle School (math 59% / reading 61%, grade B, #135 of 571 statewide, top 24%, 644 students, 50% FRL); Tarpon Springs High School (math 30% / reading 47%, grade F, #321 of 667 statewide, top 49%, 1,139 students, 46% FRL) — zoned schools at 49% FRL track the district average.
• Market conditions: Rents soft (-1.2%/yr); 404 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $812 of loan paydown is wiped out by about $4k 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 11 days on market — expect competitive offers; lowballing is unlikely to land.
• 9 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: HOA is 22% of rent.
• Climate carrying-cost: 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 $112,328 (4.4% 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. Built in 1974 — 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 A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. 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?
8. 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.
9. 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.
10. 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: 1.20% ✓
• Cap rate: 5.99%
• Cash-on-cash: -1.07%
• DSCR: 0.95
• GRM: 6.9

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: -22.8%
• Equity multiple: 0.25×
• Total profit: $-24,820
• Equity at exit: $17,520

10-year hold

• IRR: -35.2%
• Equity multiple: -0.19×
• Total profit: $-39,099
• Equity at exit: $10,159

Cash invested: $32,900 (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 34689

• Rents YoY: -1.2%
• Active inventory: 404
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,413 high
• Mortgage (P&I): −$616
• Tax from tax record: −$164 /mo · $1,962/yr
• Insurance: −$49
• HOA: −$317
• Vacancy / Maint / Mgmt: −$297
• Net cashflow: $-29

Break-even live

Break-even rent $1,450

Max offer price $112,328

Occupancy floor 97%

Sensitivity live

Price	-10% $37	-5% $4	+0% $-29	+5% $-63	+10% $-96
Rent	-10% $-141	-5% $-85	+0% $-29	+5% $27	+10% $82
Rate	-1.0pp $30	-0.5pp $1	base $-29	+0.5pp $-60	+1.0pp $-91

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: $29,375
• Closing costs: $3,525
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1250 S Pinellas Ave #504 Tarpon Springs, FL	1.0	1.0	565	$1,099	$1.95	26d	1	0.06mi
812 Bayou Ave Unit B Tarpon Springs, FL	1.0	1.0	675	$1,450	$2.15	26d	1	0.26mi
1185 S Pinellas Ave Tarpon Springs, FL	1.0–3.0	1.0–2.0	1013	$1,572	$1.55	0d	20	0.27mi
101 W Lemon St Apt 3 Tarpon Springs, FL	1.0	1.0	650	$1,350	$2.08	24d	1	0.55mi
101 W Lemon St Unit 4 Tarpon Springs, FL	1.0	1.0	650	$1,450	$2.23	16d	1	0.55mi
101 W Lemon St Tarpon Springs, FL	1.0	1.0	650	$1,450	$2.23	6d	1	0.55mi
105 S Spring Blvd Unit 10 Tarpon Springs, FL	1.0	1.0	700	$1,350	$1.93	26d	1	0.60mi
542 Division St Tarpon Springs, FL	2.0	1.0	629	$1,400	$2.23	13d	1	1.01mi
606 Cross St Tarpon Springs, FL	1.0	1.0	551	$1,450	$2.63	4d	1	1.18mi
825 Cypress St Tarpon Springs, FL	1.0–2.0	1.0	750	$1,284	$1.71	0d	6	1.36mi

HOA detail condo

• Monthly dues: $317 · $3,804/yr
• Likely covers: watersewertrashelectricinternetcablelandscapingpoolgym
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 7 events

1. 2026-06-22
   days on market $117,500 Active 11 DOM
2. 2026-06-18
   days on market $117,500 Active 8 DOM
3. 2026-06-17
   days on market $117,500 Active 7 DOM
4. 2026-06-16
   days on market $117,500 Active 6 DOM
5. 2026-06-15
   days on market $117,500 Active 5 DOM
6. 2026-06-13
   remarks 695-char remark
7. 2026-06-13
   listed $117,500 Active 3 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: $1,962 · $164/mo
• Projected year-2 tax: $1,962 · $164/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 3/10 Moderate FEMA zone X (unshaded) · 12% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°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: $16,958
• − Mortgage interest: −$6,582
• − Property taxes: −$1,962
• − Insurance: −$588
• − Repairs & maintenance: −$1,357
• − Management: −$1,357
• − HOA: −$3,804
• − Depreciation: −$3,418
• Taxable loss: −$2,109
• Est. tax savings @ 24.0%: +$506
• After-tax cash flow: $155/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 — Tarpon Springs

• Score: 68/100
• State rank: #502
• US rank: #9244

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Tarpon Springs, FL
• County: Pinellas County · 939,478 people
• City population: 27,324
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 27,324
• Household income: $74,854
• Rent vs Own: 18.5% rent · 81.5% own
• Severe rent burden: 721.0

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 (80%)
• Race & ethnicity: White 80% Hispanic / Latino 10% Two or more races 7% Black 6%
• Hispanic origin (detail): Mexican 2% Puerto Rican 4%
• Common ancestry: Romanian 6% Lithuanian 3% Slovak 2%
• Foreign-born: 10% · Canada, Jamaica, Dominican Republic
• Languages at home: 84% 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: ▼ -300.96%
• Current HPI: 303.7434
• Rent YoY: ▼ -1.16%
• 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

+319.6% since first listed

28 events — show timeline

• 2026-06-11 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-05-19 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-05-19 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-05-18 Listed $117,500 Stellar MLS as Distributed by MLS Grid
• 2026-04-30 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-04-30 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-10-24 Listed $117,500 Stellar MLS as Distributed by MLS Grid
• 2024-04-18 Sold (Public Records) $106,000 Public Records
• 2024-04-17 Sold (MLS) $106,000 Stellar MLS as Distributed by MLS Grid
• 2024-03-30 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-03-04 Price Changed $120,000 Stellar MLS as Distributed by MLS Grid
• 2024-01-26 Listed $130,000 Stellar MLS as Distributed by MLS Grid
• 2023-09-26 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-09-21 Listed $130,000 Stellar MLS as Distributed by MLS Grid
• 2021-09-23 Sold (Public Records) $109,900 Public Records
• 2021-09-17 Sold (MLS) $109,900 Stellar MLS as Distributed by MLS Grid
• 2021-08-21 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-08-18 Listed $109,900 Stellar MLS as Distributed by MLS Grid
• 2018-09-28 Sold (Public Records) $52,000 Public Records
• 2018-09-20 Sold (MLS) $52,000 Stellar MLS as Distributed by MLS Grid
• 2018-08-14 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-06-08 Price Changed $54,900 Stellar MLS as Distributed by MLS Grid
• 2018-04-01 Price Changed $57,900 Stellar MLS as Distributed by MLS Grid
• 2018-02-12 Listed $59,900 Stellar MLS as Distributed by MLS Grid
• 2007-08-03 Sold (Public Records) $50,800 Public Records
• 2007-08-03 Sold (MLS) $50,750 Stellar MLS as Distributed by MLS Grid
• 2007-07-16 Listed $55,000 Stellar MLS as Distributed by MLS Grid
• 1986-03-01 Sold (Public Records) $28,000 Public Records

Property tax history

+10.4%/yr

Latest (2025): $1,962 · +3.5% YoY. Source: county tax records.