19029 US Highway 19 N Unit 3-7 · Clearwater, FL 33764

$114,900

1 bd · 1.5 ba · 950 sqft · Condo public records · 147 Days on market

Built 1970 $524/mo HOA · 29% 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 +19.4/30.0
• 1% rule +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +6.1/10.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• Condition / age +2.5/5.0
• Rent growth +1.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great views from this 3rd floor unit in Imperial Cove. Spacious living/dining room. Master bedroom has a walk in closet and dual sinks in the Master Bathroom. New stove, refrigerator and dishwasher. Washer/Dryer hook-up located in the utility room in the condo. The Mediterranean style clubhouse has a large heated pool, putting green, shuffleboard, fitness rooms and saunas, upstairs ballroom, library and a card/billiards room. There are two fishing piers and a beautiful walkway along the canal/Old Tampa Bay for your leisurely strolls around the complex. This 55+ community is loaded with activities and is why it is a great location. Building 26 Unit 307.

Key facts

• Fitness center
• Lighted walking path
• Walk-in closet

Tags

• REMODELED BATHS
• WALK-IN CLOSET
• LIGHTED WALKING PATH
• FISHING PIERS
• FITNESS CENTER
• OUTDOOR GRILLS

Property features AI

Finance

• Other: Homestead exempt; Zoning: RES
• Financial info: Total monthly fees: $524; Total annual fees: $6,288; Lease restrictions apply
• HOA & community: Has HOA (monthly condo fee $524); Association amenities: clubhouse, fitness center, pool, laundry, elevator(s), gated community, shuffleboard court, cable TV; Association fee includes: cable TV, common area taxes, pool, reserves, insurance, internet, maintenance (structure & grounds), management, recreational facilities, sewer, trash, water; Association approval required; Community features: association-owned recreation, buyer approval required, deed restrictions, sidewalks, street lights; Senior community; Pets not allowed

Exterior

• Parking: Assigned parking; Guest parking; 1-car carport
• Security: Smoke detectors
• Utilities: Public water; Public sewer; Broadband/High-speed internet available; Cable connected; Electricity connected; Sewer connected; Water connected
• Home design: Residential condominium; One story; Faces south; On waterfront (bay/harbor - Tampa Bay) with 100 ft frontage; Fishing pier (water extra)
• Construction: Block, concrete and stucco construction; Tile roof; Slab foundation; Building name: BARCELONA
• Exterior features: Lighting; Sidewalk; Near public transit; Paved road

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 1 bedroom
• Bathrooms: 1 full bath; 1 half bath
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Living room/dining room combo; Open floorplan; Thermostat; Walk-in closet(s); Window treatments; Storage rooms
• Laundry & utility: Laundry in building (association amenity)

What this means for you Summary

Snapshot

• This is a 1-bed/1.5-bath condo listed at $115k.

Deal economics

• At list price, monthly cash flow is $63 ($751/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $115k).
• Recommended offer: $101k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.6% vs local median 3.0% in Clearwater — 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 (#60 in FL, #988 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+; Watch: schools C-, employment C-.
• 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 falling (-5.2%/yr); 262 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 19d 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 33% of the median local income ($67k/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 $794 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 147 days — a 12% lower offer ($101k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 14y 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.
• Current owner paid $82k; 40% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; HOA is 29% of rent.
• Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $101,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 147 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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: 1.59% ✓
• Cap rate: 7.64%
• Cash-on-cash: 4.81%
• DSCR: 1.21
• GRM: 5.2

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: -18.1%
• Equity multiple: 0.39×
• Total profit: $-19,608
• Equity at exit: $17,132

10-year hold

• IRR: -26.8%
• Equity multiple: 0.03×
• Total profit: $-31,099
• Equity at exit: $9,934

Cash invested: $32,172 (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 33764

• Rents YoY: -5.2%
• Active inventory: 262
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,832 high
• Mortgage (P&I): −$603
• Tax est. 1.5%: −$144 /mo · $1,724/yr
• Insurance: −$48
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$524
• Vacancy / Maint / Mgmt: −$385
• Net cashflow: $63

Break-even live

Break-even rent $1,753

Max offer price $114,900

Occupancy floor 92%

Sensitivity live

Price	-10% $142	-5% $102	+0% $63	+5% $23	+10% $-17
Rent	-10% $-82	-5% $-10	+0% $63	+5% $135	+10% $207
Rate	-1.0pp $120	-0.5pp $92	base $63	+0.5pp $33	+1.0pp $3

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: $28,725
• Closing costs: $3,447
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19029 U.S. 19 Unit 7-8 Clearwater, FL	2.0	2.0	1060	$2,200	$2.08	19d	1	0.04mi
19029 U.S. 19 Unit 1-19 Clearwater, FL	1.0	1.5	950	$2,000	$2.11	23d	1	0.04mi
19135 US Highway 19 N Clearwater, FL	1.0–4.0	1.0–2.5	1139	$1,278	$1.12	3d	30	0.12mi
19029 US Highway 19 N Unit 6-10 Clearwater, FL	1.0	1.0	875	$1,300	$1.49	5d	1	0.13mi
19355 US Highway 19 N Clearwater, FL	1.0–3.0	1.0–2.0	1093	$2,059	$1.88	4d	13	0.22mi
1515 Flournoy Loop Unit 1511622P Clearwater, FL	1.0	1.0	796	$3,057	$3.84	16d	1	0.35mi
1515 Flournoy Loop Unit 1511623P Clearwater, FL	1.0	1.0	796	$4,866	$6.11	3d	1	0.35mi
1551 Flournoy Cir W Clearwater, FL	1.0–3.0	1.0–2.0	916	$1,524	$1.66	3d	32	0.39mi
2755 Via Capri #1226 Clearwater, FL	2.0	1.0	980	$2,798	$2.86	5d	1	0.40mi
2755 Via Capri #1237 Clearwater, FL	1.0	1.0	980	$2,000	$2.04	23d	1	0.40mi
1564 Flournoy Cir W Unit 1515105P Clearwater, FL	2.0	2.0	990	$5,329	$5.38	16d	1	0.43mi
2724 Via Murano #634 Clearwater, FL	1.0	1.0	890	$1,695	$1.90	25d	1	0.50mi
2705 Via Murano #125 Clearwater, FL	1.0	1.0	890	$1,795	$2.02	25d	1	0.50mi
2705 Via Murano #136 Clearwater, FL	2.0	1.0	980	$2,100	$2.14	19d	1	0.50mi
2732 Via Murano #527 Clearwater, FL	2.0	2.0	1110	$2,800	$2.52	25d	1	0.50mi
2723 Via Capri #834 Clearwater, FL	1.0	1.0	770	$1,875	$2.44	5d	1	0.54mi
2721 Via Murano #324 Clearwater, FL	1.0	1.0	770	$1,750	$2.27	5d	1	0.54mi
1001 Pearce Dr #302 Clearwater, FL	1.0	1.5	1048	$1,750	$1.67	5d	1	0.68mi
1330 Moreland Dr Clearwater, FL	2.0	2.0	1192	$2,125	$1.78	25d	3	0.69mi
2729 Seville Blvd Clearwater, FL	1.0–3.0	1.0–2.0	1057	$1,695	$1.60	2d	33	0.69mi
2430 Harn Blvd Unit 7 Clearwater, FL	1.0	1.0	725	$1,500	$2.07	5d	1	0.69mi
2430 Harn Blvd Unit 14 Clearwater, FL	1.0	1.0	725	$1,400	$1.93	25d	1	0.69mi
2618 Cove Cay Dr Clearwater, FL	1.0–2.0	1.0–2.0	807	$1,400	$1.73	25d	2	0.75mi
2618 Cove Cay Dr #909 Clearwater, FL	2.0	2.0	1050	$1,850	$1.76	21d	1	0.75mi
20000 US Highway 19 N #612 Clearwater, FL	2.0	2.0	800	$1,300	$1.62	25d	1	0.77mi
2700 Cove Cay Dr Unit 1-5D Clearwater, FL	1.0	1.5	920	$1,750	$1.90	25d	1	0.78mi
20000 US Highway 19 N Unit 610 Clearwater, FL	1.0	1.0	800	$1,150	$1.44	25d	1	0.79mi
1000 Cove Cay Dr Unit 2F Clearwater, FL	2.0	2.0	960	$2,295	$2.39	25d	1	0.79mi
2615 Cove Cay Dr #205 Clearwater, FL	—	1.0	565	$1,400	$2.48	25d	1	0.82mi
2616 Cove Cay Dr #701 Clearwater, FL	2.0	2.0	1050	$1,750	$1.67	5d	1	0.84mi
2620 Cove Cay Dr #403 Clearwater, FL	2.0	2.0	1050	$2,300	$2.19	5d	1	0.98mi
2620 Cove Cay Dr #802 Clearwater, FL	1.0	1.5	810	$1,500	$1.85	25d	1	0.98mi
1819 Clearbrooke Dr Clearwater, FL	2.0	1.5	997	$2,125	$2.13	19d	1	1.03mi
2225 Nursery Rd Clearwater, FL	2.0	1.0–2.0	802	$1,552	$1.94	25d	1	1.10mi
2236 Morningside Dr Clearwater, FL	2.0	1.5	902	$2,200	$2.44	5d	1	1.12mi
2554 Oak Trl S Clearwater, FL	1.0–2.0	1.0–2.0	862	$1,415	$1.64	3d	14	1.13mi
2909 Gulf To Bay Blvd Clearwater, FL	1.0–2.0	1.0–2.0	931	$1,279	$1.37	4d	9	1.14mi
3616 Pine Cone Cir Clearwater, FL	2.0	2.0	1060	$1,800	$1.70	25d	1	1.14mi
3707 Pine Cone Cir Clearwater, FL	2.0	1.5	975	$1,900	$1.95	5d	1	1.14mi
1433 S Belcher Rd Unit F9 Clearwater, FL	2.0	2.0	855	$2,450	$2.87	3d	1	1.14mi

HOA detail condo

• Monthly dues: $524 · $6,288/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 21 events

1. 2026-06-18
   days on market $114,900 Active 147 DOM
2. 2026-06-17
   days on market $114,900 Active 146 DOM
3. 2026-06-16
   days on market $114,900 Active 145 DOM
4. 2026-06-15
   days on market $114,900 Active 144 DOM
5. 2026-06-13
   days on market $114,900 Active 142 DOM
6. 2026-06-09
   days on market $114,900 Active 138 DOM
7. 2026-06-08
   days on market $114,900 Active 137 DOM
8. 2026-06-07
   days on market $114,900 Active 136 DOM
9. 2026-06-04
   days on market $114,900 Active 133 DOM
10. 2026-06-03
    days on market $114,900 Active 132 DOM
11. 2026-06-01
    days on market $114,900 Active 130 DOM
12. 2026-05-31
    days on market $114,900 Active 129 DOM
13. 2026-01-22
    listed $114,900 Active
14. 2014-05-01
    soldstatus $82,000 Sold 660-char remark

    Show marketing remark (660 chars)

    Great views from this 3rd floor unit in Imperial Cove. Spacious living/dining room. Master bedroom has a walk in closet and dual sinks in the Master Bathroom. New stove, refrigerator and dishwasher. Washer/Dryer hook-up located in the utility room in the condo. The Mediterranean style clubhouse has a large heated pool, putting green, shuffleboard, fitness rooms and saunas, upstairs ballroom, library and a card/billiards room. There are two fishing piers and a beautiful walkway along the canal/Old Tampa Bay for your leisurely strolls around the complex. This 55+ community is loaded with activities and is why it is a great location. Building 26 Unit 307.

15. 2013-11-02
    historical
16. 2013-10-10
    listed $64,900
17. 2013-09-09
    listed $85,900 660-char remark

    Show marketing remark (660 chars)

    Great views from this 3rd floor unit in Imperial Cove. Spacious living/dining room. Master bedroom has a walk in closet and dual sinks in the Master Bathroom. New stove, refrigerator and dishwasher. Washer/Dryer hook-up located in the utility room in the condo. The Mediterranean style clubhouse has a large heated pool, putting green, shuffleboard, fitness rooms and saunas, upstairs ballroom, library and a card/billiards room. There are two fishing piers and a beautiful walkway along the canal/Old Tampa Bay for your leisurely strolls around the complex. This 55+ community is loaded with activities and is why it is a great location. Building 26 Unit 307.

18. 2012-10-31
    soldstatus $40,000
19. 2012-10-26
    soldstatus $40,000
20. 2012-07-09
    listed $45,000
21. 1986-08-12
    soldstatus $40,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X (shaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 28 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: $21,982
• − Mortgage interest: −$6,436
• − Property taxes: −$1,724
• − Insurance: −$1,372
• − Repairs & maintenance: −$1,759
• − Management: −$1,759
• − HOA: −$6,288
• − Depreciation: −$3,343
• Taxable loss: −$698
• Est. tax savings @ 24.0%: +$167
• After-tax cash flow: $919/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 — Clearwater

• Score: 82/100
• State rank: #60
• US rank: #988

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Clearwater, FL
• County: Pinellas County · 939,478 people
• City population: 170,933
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 27,311
• Household income: $67,256
• Rent vs Own: 34.0% rent · 66.0% own
• Severe rent burden: 1118.0

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% Hispanic / Latino 13% Two or more races 8% Asian 4% Black 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Cuban 2%
• Common ancestry: Romanian 4% Lithuanian 3% German 2%
• Foreign-born: 14% · Canada, Jamaica, Vietnam
• Languages at home: 80% English-only · Spanish 10% Russian/Polish/Slavic 4% Other Indo-European 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: ▼ -350.08%
• Current HPI: 315.4133
• Rent YoY: ▼ -5.24%
• 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

+187.2% since first listed

9 events — show timeline

• 2026-01-22 Listed $114,900 Stellar MLS as Distributed by MLS Grid
• 2014-05-01 Sold (MLS) $82,000 Stellar MLS as Distributed by MLS Grid
• 2013-11-02 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2013-10-10 Listed $64,900 Stellar MLS as Distributed by MLS Grid
• 2013-09-09 Listed $85,900 Stellar MLS as Distributed by MLS Grid
• 2012-10-31 Sold (Public Records) $40,000 Public Records
• 2012-10-26 Sold (MLS) $40,000 Stellar MLS as Distributed by MLS Grid
• 2012-07-09 Listed $45,000 Stellar MLS as Distributed by MLS Grid
• 1986-08-12 Sold (Public Records) $40,000 Public Records

Property tax history

-9.8%/yr

Latest (2025): $203 · +12.6% YoY. Source: county tax records.