Virtual Tour

$759,900

For Sale

2 months ago

1301 N Lotus Dr, Dunedin, FL

MLS® TB8470910

5 Bed

5 Bath

2549 sqft

Key Facts
Description
Map

Key Facts

Type Quadruplex

Levels Residential Income

Size 2549 sqft

Garage No

Taxes $8,801

Days Active 51

Lot Size 0.21 acres

Approx. Age 1959

Avg. Price Per Sqft $298

MLS® Number TB8470910

Property Address: 1301 N Lotus Dr, DUNEDIN, FL, 34698-5418

Average square foot calculated using Size range provided by listing agent.

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 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.

MLS® NumberTB8470910

Laundry LevelLaundry Closet, Outside

Central VacNo

FireplaceNo

Acreage0.21

Exterior

GarageNo

Approx. Age1959

Basement

DrivewayAssigned, Covered, Guest, Parking Pad

Garage Spaces0

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Feb 4, 2026List Date

$759,900List Price

Commute

Commute

Starting Address

Destination Address

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