1301 Lotus Drive, DUNEDIN, FL 34698
Contact Tropic Shores Realty
Schedule A Showing
Request more information
- MLS#: TB8470910 ( Residential Income )
- Street Address: 1301 Lotus Drive
- Viewed: 41
- Price: $759,900
- Price sqft: $232
- Waterfront: No
- Year Built: 1959
- Bldg sqft: 3280
- Bedrooms: 5
- Total Baths: 5
- Garage / Parking Spaces: 3
- Days On Market: 48
- Additional Information
- Geolocation: 28.0214 / -82.7714
- County: PINELLAS
- City: DUNEDIN
- Zipcode: 34698
- Subdivision: Sunny Ridge
- Elementary School: Garrison
- Middle School: Dunedin land
- High School: Dunedin
- Provided by: DUNEDIN REALTY LLC
- Contact: Pete Dagios
- 727-734-2180

- DMCA Notice
-
DescriptionThis 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 propertys 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 Bays most desirable coastal submarkets. Opportunities combining in place income, ShortTermRental flexibility, and non flood zone positioning in Dunedin are increasingly limited.
Property Location and Similar Properties
Features
Appliances
- Range
- Refrigerator
Association Amenities
- Laundry
Home Owners Association Fee
- 0.00
Carport Spaces
- 3.00
Close Date
- 0000-00-00
Cooling
- Wall/Window Unit(s)
Country
- US
Covered Spaces
- 0.00
Exterior Features
- Fence
- Hurricane Shutters
- Lighting
- Private Entrance
- Sliding Doors
- Storage
Flooring
- Carpet
- Laminate
- Linoleum
- Luxury Vinyl
- Tile
Furnished
- Unfurnished
Garage Spaces
- 0.00
Heating
- Baseboard
- Electric
- Space Heater
High School
- Dunedin High-PN
Insurance Expense
- 0.00
Interior Features
- Ceiling Fans(s)
Legal Description
- SUNNY RIDGE BLK 1
- LOT 1
Levels
- One
Living Area
- 2549.00
Lot Features
- Corner Lot
- City Limits
- Landscaped
- Near Public Transit
- Paved
Middle School
- Dunedin Highland Middle-PN
Area Major
- 34698 - Dunedin
Net Operating Income
- 0.00
Open Parking Spaces
- 0.00
Other Expense
- 0.00
Other Structures
- Shed(s)
- Storage
Parcel Number
- 26-28-15-86976-001-0010
Parking Features
- Assigned
- Covered
- Guest
- Parking Pad
Pets Allowed
- Cats OK
- Dogs OK
Property Condition
- Completed
Property Type
- Residential Income
Roof
- Shingle
School Elementary
- Garrison-Jones Elementary-PN
Sewer
- Public Sewer
Tax Year
- 2025
Tenant Pays
- Electricity
- Sewer
- Trash Collection
Township
- 28
Utilities
- Cable Connected
- Electricity Connected
- Sewer Connected
- Water Connected
View
- Garden
Views
- 41
Virtual Tour Url
- https://www.propertypanorama.com/instaview/stellar/TB8470910
Water Source
- Public
Year Built
- 1959







































































