1301 N Lotus Drive, Dunedin, FL 34698
Local realty services provided by:Tomlin St Cyr Real Estate Services ERA Powered
Listed by: pete dagios
Office: dunedin realty llc.
MLS#:TB8470910
Source:MFRMLS
Price summary
- Price:$759,900
- Price per sq. ft.:$231.68
About this home
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 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, financeability, 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, ShortTermRental flexibility, and non-flood zone positioning in Dunedin are increasingly limited....
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Home facts
- Year built:1959
- Listing ID #:TB8470910
- Added:55 day(s) ago
- Updated:March 31, 2026 at 12:13 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:5
- Flooring:Carpet, Laminate, Linoleum, Luxury Vinyl, Tile
- Kitchen Description:Range, Refrigerator
- Living area:2,549 sq. ft.
Heating and cooling
- Cooling:Wall/Window Unit(s)
- Heating:Baseboard, Electric, Space Heater
Structure and exterior
- Roof:Shingle
- Year built:1959
- Building area:2,549 sq. ft.
- Lot area:0.21 Acres
- Lot Features:Corner Lot, Landscaped, Near Public Transit, Paved
- Construction Materials:Block
- Exterior Features:Covered Porch/Patio, Fence, Lighting, Patio
- Foundation Description:Slab
- Levels:1 Story
Schools
- High school:Dunedin High-PN
- Middle school:Dunedin Highland Middle-PN
- Elementary school:Garrison-Jones Elementary-PN
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$759,900
- Price per sq. ft.:$231.68
- Tax amount:$8,801 (2025)
Features and amenities
- Appliances:Range, Refrigerator
- Laundry features:Laundry Closet
- Amenities:Cable Connected, Ceiling Fans(s), Laundry
- Pool features:Public Pool
Parking
- Parking description:3 Car Carport, Assigned, Covered, Guest, Parking Pad
- Carport spaces:3
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