6287 Bahia Del Mar Cir #101 · St. Petersburg, FL 33715

$329,000

2 bd · 2.0 ba · 890 sqft · Condo public records · 219 Days on market

Built 1983 $724/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 +10.7/30.0
• ARV discount +7.5/15.0
• 1% rule +5.2/10.0
• Appreciation +4.9/10.0
• Schools +4.3/10.0
• DSCR +3.1/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Experience Resort-Style Living in Bahia Pointe! Discover this nicely appointed ground-floor villa overlooking the lush pool area with tranquil water views beyond. Enjoy this perfect location just steps from the pool and bay with access right from your screened patio. The kitchen offers stainless steel appliances, a breakfast bar, and ample cabinetry with generous workspace that is ideal for preparing meals and entertaining guests. The open dining and living area provides plenty of room to relax while taking in the stunning views. The primary suite features crown molding, a large walk-in closet, and ensuite bath with updated vanity and fixtures. The split-bedroom layout offers privacy, with

Key facts

• Screened patio
• Ground floor villa
• Tranquil water views

Tags

• GROUND FLOOR VILLA
• LUSH POOL AREA
• TRANQUIL WATER VIEWS
• SCREENED PATIO
• STAINLESS STEEL APPLIANCES
• BREAKFAST BAR

Property features AI

Finance

• Other: Unit is offered furnished; Living area reported as 890 square feet
• Financial info: Total annual HOA fees: $8,688; Lease restrictions apply
• HOA & community: Monthly condo/association fee: $724; Association name: Paradise Management and Bahia Homeowners Association; Association approval required; Association amenities include fitness center and pool; Association fee covers cable TV, internet, insurance, maintenance (structure & grounds), management, pool, sewer, trash, water, reserves and security; Buyer approval required; Pets allowed with 20 lb max

Exterior

• Parking: Assigned parking; Ground level parking; Guest parking; Basement parking available
• Security: Community street lights; Association provides security
• Utilities: Public water; Public sewer; Electricity connected; Cable connected; Internet connected; Sewer connected; Water connected; Underground utilities
• Home design: Condominium; Residential property; One-level unit; Faces northwest; Located in building 'BAHIA P'
• Construction: Block and stucco construction; Shingle and other roof types; Built on slab foundation; Part of a 3-story building
• Exterior features: Screened patio/porch; Balcony; Outdoor lighting; Sliding doors; Exterior storage; Asphalt road access; Bay/harbor water view (full); Fishing pier and concrete seawall

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms (located on 1st floor)
• Flooring: Ceramic tile; Slab foundation
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Crown molding; Living room/dining room combo; Open floorplan; Split bedroom layout; Thermostat; Walk-in closets; Insulated windows; Blinds; Elevator in building
• Laundry & utility: Washer and dryer included; Laundry inside unit

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $329k.

Deal economics

• At list price, monthly cash flow is $-224 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $289k (12.0% below list).
• Meets the 1% rule at list price ($3k rent vs $329k).
• Recommended offer: $289k (12.0% below list) — sets the bar for cash-flow.
• Cap rate 5.7% 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.
• Zoned schools: Gulfport Montessori Elementary School (math 35% / reading 33%, grade F, #1,744 of 2,144 statewide, top 82%, 435 students, 86% FRL); Bay Point Middle School (math 38% / reading 38%, grade F, #388 of 571 statewide, top 69%, 770 students, 69% FRL); Lakewood High School (math 27% / reading 44%, grade F, #367 of 667 statewide, top 57%, 915 students, 59% FRL) — zoned schools average 71% FRL vs 48% district-wide (23 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 36% at this address vs 51% district-wide (-15 pts) — the specific schools serving this property underperform the Pinellas average; the district grade overstates school quality for this exact location.
• Market conditions: 285 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 27d 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).

Forward outlook

• In year one you build about $2k of equity ($2k loan paydown + $-510 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

• It's been on market 219 days — a 12% lower offer ($290k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago; this cycle's ask has dropped $40k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $90k; list at $329k implies a 266% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; HOA is 22% of rent.
• Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $289,360 (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 219 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 1.02% ✓
• Cap rate: 5.72%
• Cash-on-cash: -2.06%
• DSCR: 0.91
• GRM: 8.2

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: -6.1%
• Equity multiple: 0.72×
• Total profit: $-25,882
• Equity at exit: $92,991

10-year hold

• IRR: 0.1%
• Equity multiple: 1.01×
• Total profit: $1,255
• Equity at exit: $109,773

Cash invested: $92,120 (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 33715

• Home prices YoY: -0.1%
• Active inventory: 285
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $3,358 high
• Mortgage (P&I): −$1,725
• Tax from tax record: −$224 /mo · $2,690/yr
• Insurance: −$137
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$724
• Vacancy / Maint / Mgmt: −$705
• Net cashflow: $-224

Break-even live

Break-even rent $3,642

Max offer price $289,360

Occupancy floor —

Sensitivity live

Price	-10% $-38	-5% $-131	+0% $-224	+5% $-318	+10% $-411
Rent	-10% $-490	-5% $-357	+0% $-224	+5% $-92	+10% $41
Rate	-1.0pp $-59	-0.5pp $-141	base $-224	+0.5pp $-310	+1.0pp $-396

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: $82,250
• Closing costs: $9,870
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6287 Bahia del Mar Cir #311 St Petersburg, FL	2.0	2.0	890	$2,100	$2.36	6d	1	0.02mi
6287 Bahia del Mar Cir #312 Saint Petersburg, FL	2.0	2.0	890	$3,200	$3.60	6d	1	0.02mi
6291 Bahia del Mar Cir St Petersburg, FL	2.0	2.0	1222	$3,830	$3.13	26d	2	0.07mi
5900 Bahia del Mar Cir #138 St Petersburg, FL	2.0	2.0	1075	$5,070	$4.72	6d	1	0.11mi
6295 Bahia del Mar Cir St Petersburg, FL	1.0–2.0	1.0–2.0	915	$7,110	$7.77	26d	6	0.17mi
6294 Bahia del Mar Cir St Petersburg, FL	2.0	2.0	945	$4,142	$4.38	26d	3	0.17mi
5901 Bahia del Mar Cir #122 Saint Petersburg, FL	2.0	2.0	1080	$3,500	$3.24	26d	1	0.19mi
5901 Bahia del Mar Cir #422 Saint Petersburg, FL	2.0	2.0	1080	$7,860	$7.28	26d	1	0.19mi
5901 Bahia del Mar Cir #518 Saint Petersburg, FL	2.0	2.0	1080	$3,000	$2.78	26d	1	0.19mi
5901 Bahia del Mar Cir #223 Saint Petersburg, FL	2.0	2.0	1080	$7,860	$7.28	26d	1	0.19mi
6061 Bahia del Mar Cir #347 St Petersburg, FL	2.0	2.0	1080	$2,300	$2.13	6d	1	0.20mi
6281 Bahia del Mar Blvd #208 Saint Petersburg, FL	2.0	2.0	890	$2,100	$2.36	26d	1	0.21mi
6273 Bahia del Mar Blvd #216 Saint Petersburg, FL	2.0	2.0	915	$5,700	$6.23	26d	1	0.21mi
6061 Bahia del Mar Cir #146 Saint Petersburg, FL	2.0	2.0	1080	$2,600	$2.41	26d	1	0.22mi
6357 Bahia del Mar Blvd St Petersburg, FL	1.0–2.0	1.5–2.0	915	$7,000	$7.65	26d	2	0.23mi
6001 Bahia del Mar Cir #527 Saint Petersburg, FL	2.0	2.0	1080	$7,860	$7.28	26d	1	0.27mi
6361 Bahia del Mar Blvd St Petersburg, FL	1.0–2.0	1.5–2.0	835	$5,800	$6.95	5d	3	0.28mi
6077 Bahia del Mar Blvd St Petersburg, FL	2.0	2.0	1107	$2,198	$1.98	15d	2	0.29mi
6000 Bahia del Mar Cir St Petersburg, FL	2.0	2.0	1107	$4,195	$3.79	10d	2	0.29mi
6000 Bahia del Mar Cir St Petersburg, FL	2.0	2.0	1107	$4,095	$3.70	26d	3	0.29mi
6059 Bahia del Mar Blvd #241 Saint Petersburg, FL	2.0	2.0	1070	$5,170	$4.83	20d	1	0.29mi
6151 Bahia del Mar Blvd St Petersburg, FL	2.0	2.0	1107	$4,540	$4.10	26d	3	0.33mi
6365 Bahia del Mar Blvd St Petersburg, FL	1.0–2.0	1.5–2.0	827	$2,500	$3.02	20d	3	0.34mi
5801 Bahia del Mar Cir #512 Saint Petersburg, FL	2.0	2.0	1075	$7,510	$6.99	26d	1	0.35mi
6191 Bahia del Mar Blvd #205 Saint Petersburg, FL	2.0	2.0	1070	$3,400	$3.18	26d	1	0.35mi
6382 Palma del Mar Blvd S #222 Saint Petersburg, FL	2.0	2.0	890	$2,200	$2.47	26d	1	0.44mi
6343 Palma del Mar Blvd S #226 Saint Petersburg, FL	2.0	2.0	890	$2,235	$2.51	20d	1	0.47mi
6343 Palma del Mar Blvd S #228 Saint Petersburg, FL	2.0	2.0	890	$2,395	$2.69	26d	1	0.47mi
6372 Palma Del Mar Blvd S Unit 1546269P St. Petersburg, FL	1.0	1.0	721	$2,581	$3.58	17d	1	0.50mi
6372 Palma Del Mar Blvd S Unit 1545876P St. Petersburg, FL	2.0	2.0	882	$2,258	$2.56	17d	1	0.50mi
6269 Palma del Mar Blvd S #308 Saint Petersburg, FL	2.0	2.0	1050	$2,495	$2.38	6d	1	0.52mi
6269 Palma del Mar Blvd S #104 Saint Petersburg, FL	2.0	2.0	890	$2,500	$2.81	6d	1	0.52mi
6269 Palma del Mar Blvd S #302 Saint Petersburg, FL	2.0	2.0	1050	$2,395	$2.28	6d	1	0.52mi
6269 Palma del Mar Blvd S #501 Saint Petersburg, FL	1.0	1.5	780	$2,000	$2.56	6d	1	0.52mi
6322 Palma del Mar Blvd S #216 Saint Petersburg, FL	2.0	2.0	890	$2,395	$2.69	20d	1	0.53mi
6322 Palma del Mar Blvd S #216 Saint Petersburg, FL	2.0	2.0	890	$2,395	$2.69	10d	1	0.53mi
6279 Sun Blvd #103 Saint Petersburg, FL	2.0	2.0	890	$3,300	$3.71	26d	1	0.55mi
6279 Sun Blvd #604 St Petersburg, FL	2.0	2.0	1054	$2,999	$2.85	6d	1	0.55mi
6279 Sun Blvd #403 Saint Petersburg, FL	1.0	1.5	790	$2,100	$2.66	6d	1	0.55mi
6268 Palma del Mar Blvd S #111 Saint Petersburg, FL	2.0	2.0	915	$3,000	$3.28	26d	1	0.55mi

HOA detail condo

• Monthly dues: $724 · $8,688/yr
• Likely covers: waterpool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 27 events

1. 2026-06-22
   days on market $329,000 Active 219 DOM
2. 2026-06-22
   days on market $329,000 Active 218 DOM
3. 2026-06-18
   days on market $329,000 Active 215 DOM
4. 2026-06-17
   days on market $329,000 Active 214 DOM
5. 2026-06-16
   pricedays on market $329,000 Active 213 DOM
6. 2026-06-13
   days on market $338,000 Active 211 DOM
7. 2026-06-09
   days on market $338,000 Active 207 DOM
8. 2026-06-08
   days on market $338,000 Active 206 DOM
9. 2026-06-07
   days on market $338,000 Active 205 DOM
10. 2026-06-04
    days on market $338,000 Active 202 DOM
11. 2026-06-03
    days on market $338,000 Active 201 DOM
12. 2026-06-01
    days on market $338,000 Active 199 DOM
13. 2026-05-31
    days on market $338,000 Active 198 DOM
14. 2026-04-20
    price $338,000
15. 2026-03-04
    price $348,000
16. 2025-12-20
    price $358,000
17. 2025-11-14
    listed $369,000 Active
18. 2025-05-25
    historical
19. 2025-04-09
    price $459,000
20. 2025-03-28
    price $449,000
21. 2025-03-17
    price $479,000
22. 2025-02-26
    price $499,000
23. 2024-10-27
    listed $525,000 Active
24. 1996-03-06
    soldstatus $90,000
25. 1990-05-18
    soldstatus $105,000
26. 1987-12-08
    soldstatus $95,000
27. 1983-04-01
    soldstatus $112,000

ⓘ 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: $2,690 · $224/mo
• Projected year-2 tax: $2,731 · $228/mo
• Expected delta: +$40/yr (+$3/mo · 1.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X (shaded) · 97% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 6 d/yr ≥106°F today · 21 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: $40,293
• − Mortgage interest: −$18,429
• − Property taxes: −$2,690
• − Insurance: −$2,442
• − Repairs & maintenance: −$3,223
• − Management: −$3,223
• − HOA: −$8,688
• − Depreciation: −$9,571
• Taxable loss: −$7,974
• Est. tax savings @ 24.0%: +$1,914
• After-tax cash flow: $-779/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

+201.8% since first listed

14 events — show timeline

• 2026-04-20 Price Changed $338,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-04 Price Changed $348,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-20 Price Changed $358,000 Stellar MLS as Distributed by MLS Grid
• 2025-11-14 Listed $369,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-25 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-04-09 Price Changed $459,000 Stellar MLS as Distributed by MLS Grid
• 2025-03-28 Price Changed $449,000 Stellar MLS as Distributed by MLS Grid
• 2025-03-17 Price Changed $479,000 Stellar MLS as Distributed by MLS Grid
• 2025-02-26 Price Changed $499,000 Stellar MLS as Distributed by MLS Grid
• 2024-10-27 Listed $525,000 Stellar MLS as Distributed by MLS Grid
• 1996-03-06 Sold (Public Records) $90,000 Public Records
• 1990-05-18 Sold (Public Records) $105,000 Public Records
• 1987-12-08 Sold (Public Records) $95,000 Public Records
• 1983-04-01 Sold (Public Records) $112,000 Public Records

Property tax history

-0.8%/yr

Latest (2025): $2,690 · +6.0% YoY. Source: county tax records.