1301 N Lotus Drive, Dunedin, FL 34698

Dunedin
Local realty services provided by:ERA ONETEAM REALTY
1301 N Lotus Drive,Dunedin, FL 34698
$699,900
Virtual Tour
  • 5 Beds
  • 5 Baths
  • 2,549 sq. ft.
  • Multi-family
  • Active
Listed by: pete dagios
Office: dunedin realty llc.
MLS#:TB8470910
Source:MFRMLS

Price summary

  • Price:$699,900
  • Price per sq. ft.:$213.38

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 (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...

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Home facts

  • Year built:1959
  • Listing ID #:TB8470910
  • Added:146 day(s) ago
  • Updated:June 30, 2026 at 12:19 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:$699,900
  • Price per sq. ft.:$213.38
  • 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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