1301 N Lotus Drive, Dunedin, FL 34698
- $645,000
- 5
- BD
- 5
- BA
- 2,549
- SqFt
- Sold Price
- $645,000
- List Price
- $699,900
- Status
- Sold
- Days on Market
- 147
- Closing Date
- Aug 03, 2026
- MLS#
- TB8470910
- Property Style
- Quadruplex
- Year Built
- 1959
- Bedrooms
- 5
- Bathrooms
- 5
- Living Area
- 2,549
- Lot Size
- 9,357
- Acres
- 0.21
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Sunny Ridge
- MLS Area Major
- Dunedin
Property Description
This exceptional 4-Plex investment opportunity is located in the heart of Dunedin. It offers immediate income, strong location appeal, and multiple avenues for income growth. The property delivers stable cash flow (7% Cap Rate) with clear potential to enhance returns by optimizing rents to market levels, capitalizing on short-term rental zoning (Airbnb/VRBO), or leveraging an owner-occupant income strategy. Positioned just minutes from downtown, this asset is not located in a flood zone, helping reduce insurance costs and risk. The property offers 2,550 SF (3,280 SF under roof) with a balanced unit mix of (3) 1BR/1BA and (1) 2BR/2BA, each with private entrances, outdoor patio space, and two dedicated parking spaces, features that drive strong tenant demand and short-term rental appeal. The recently renovated 2BR/2BA unit offers flexibility as a flagship short-term rental unit or an ideal owner-occupant residence. Low operating expenses and tenant-reimbursed utilities create an efficient ownership profile, while below-market rents provide a clear path to increased income over time. 4-Point and Wind Mitigation inspections were completed in March, with clean reports available reinforcing the property’s insurability, finance ability, and turnkey investment profile. Located near downtown Dunedin, the Pinellas Trail, waterfront parks, marina, beaches, and a vibrant mix of dining, breweries, and year-round events, the property benefits from consistent demand drivers supporting both long-term and short-term rental performance. This is a rare opportunity to acquire a well-maintained, income-producing asset with built-in upside in one of Tampa Bay’s most desirable coastal submarkets. Opportunities combining in-place income, Short Term Rental flexibility, and non-flood zone positioning in Dunedin are increasingly limited.
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Additional Information
- Taxes
- $8801
- Minimum Lease
- No Minimum
- Annual Gross Income
- 66111
- Location
- Corner Lot, City Limits, Landscaped, Near Public Transit, Paved
- Community Features
- None, No Deed Restriction
- Property Description
- One Story
- Interior Layout
- Ceiling Fans(s)
- Interior Features
- Ceiling Fans(s)
- Floor
- Carpet, Laminate, Linoleum, Luxury Vinyl, Tile
- Appliances
- Range, Refrigerator
- Utilities
- Cable Connected, Electricity Connected, Sewer Connected, Water Connected
- Heating
- Baseboard, Electric, Space Heater
- Air Conditioning
- Wall/Window Unit(s)
- Exterior Construction
- Block
- Exterior Features
- Fence, Hurricane Shutters, Lighting, Private Entrance, Sliding Doors, Storage
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Garage Carport
- 3 Car Carport
- Garage Features
- Assigned, Covered, Guest, Parking Pad
- Elementary School
- Garrison-Jones Elementary-Pn
- Middle School
- Dunedin Highland Middle-Pn
- High School
- Dunedin High-PN
- Pets
- Allowed
- Flood Zone Code
- X
- Parcel ID
- 26-28-15-86976-001-0010
- Legal Description
- SUNNY RIDGE BLK 1, LOT 1
Listing courtesy of DUNEDIN REALTY LLC. 727-734-2180
Selling Office: DUNEDIN REALTY LLC.Mortgage Calculator
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