2478 Bay Berry Dr
More Than Just a Property
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Nearby Schools
Educational options and performance ratings in the area.
Leila Davis Elementary School
Safety Harbor Middle School
Countryside High School
Property Overview
A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.
Features & Amenities
Haven AI Verdict
Data provided by Haven AI. Disclaimer
Haven AI
The property at 2478 Bay Berry Dr presents a moderate investment opportunity with a respectable gross rental yield of approximately 7.19%. Located in the stable Clearwater market, it benefits from consistent demand, though the two-bedroom configuration may limit the long-term tenant pool compared to three-bedroom alternatives. From a conservative standpoint, the primary risks involve Florida's escalating property insurance premiums and the inevitable property tax reassessment post-sale, which could significantly compress net cash flow. While the 4% projected appreciation is healthy and realistic for the region, investors must account for potential flood zone implications and high non-discretionary costs inherent to Pinellas County real estate. Success depends on rigorous expense management.
- • Strong gross rental yield exceeding 7% in a high-demand market
- • Conservative 4% appreciation forecast aligns with regional historical trends
- • Smaller square footage reduces long-term maintenance and turnover costs
- • Single-family detached status offers better appreciation potential than local condos
- • Two-bedroom layout may increase vacancy periods due to narrower demographic appeal
- • Rising property insurance costs in Florida represent a significant risk to net yield
- • Potential for significant property tax increases following the purchase reassessment
- • Geographic location in Clearwater necessitates careful vetting for flood zone risk and associated costs
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-04-14 | Sold | $325,000 | $248 |
| 2026-03-12 | Pending sale | $325,000 | $248 |
| 2026-02-25 | Listed for sale | $325,000 | $248 |
| 2021-05-11 | Listing removed | $0 | – |
| 2021-01-15 | Sold | $240,000 | $183 |
| 2020-08-30 | Pending sale | $243,900 | $186 |
| 2020-08-25 | Listed for sale | $243,900 | $186 |
| 2006-06-06 | Sold | $205,000 | $156 |
| 2004-06-02 | Sold | $155,000 | $118 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $327.76 | $132,041 |
| 2024 | $920.89 | $128,320 |
| 2023 | $893.86 | $124,583 |
| 2022 | $856.82 | $120,954 |
| 2021 | $988.19 | $90,847 |
| 2020 | $975.77 | $89,593 |
| 2019 | $944.62 | $87,579 |
| 2018 | $944.62 | $85,946 |
| 2017 | $919.99 | $84,178 |
| 2016 | $726.41 | $82,447 |
| 2015 | $740.21 | $81,874 |
| 2014 | $730.95 | $81,224 |
| 2013 | $846.86 | $80,024 |
| 2012 | $934.73 | $83,855 |
| 2011 | $0 | $92,955 |
| 2010 | $0 | $91,581 |
| 2009 | $0 | $107,199 |
| 2008 | $1,648.98 | $121,100 |
| 2007 | $0 | $143,600 |
| 2005 | $0 | $121,700 |
| 2004 | $994.58 | $107,000 |
| 2003 | $969.57 | $104,600 |
| 2002 | $910.04 | $89,200 |
| 2001 | $910.04 | $72,200 |
| 2000 | $864.56 | $67,200 |
Investment Numbers & Operating Model
Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.
Multi-factor yield grade
NOI: $16,900/yr
On $74,750 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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