1301 N LOTUS DRIVE

Multi-family For Sale

$699,900

BTC: 10.93593750

ETH: 388.83333333

-$50K (2026/04/30)

119 days

For Sale

Multi-family

5 bds •

2,549 sqft

Overview

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.

Location

Florida • DUNEDIN • 34698 • Multi-family • For Sale

Details

Type:

Residential Income

Parking:

Assigned / Covered / Guest / Parking Pad

Year Built:

1959

Lot:

0.21 Acres

Heating:

Baseboard / Electric / Space Heater

Price/sqft:

$275

Cooling:

Wall/Window Unit(s)

HOA:

No Data

Type:

Residential Income

Parking:

Assigned / Covered / Guest / Parking Pad

Year Built:

1959

Lot:

0.21 Acres

Heating:

Baseboard / Electric / Space Heater

Price/sqft:

$275

Cooling:

Wall/Window Unit(s)

HOA:

No Data

Private inquiry

Talk to the advisor on this listing.

Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

Valuation

Our model vs. what's actually selling nearby.

Estimate

$775,000

$579K – $1.1M

Confidence Low

List vs. estimate

$75K below estimate

List $699,900 · -9.7%

Our model says this listing is priced below recent comparable activity. Expect competition.

Price per sq ft

$274

-26.8% vs. city median $375

Based on

5 MLS comparables

Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax

$8,801

2025

View

Garden

Pets

Allowed

All facts and features

Flooring

• Carpet

• Laminate

• Linoleum

• Luxury Vinyl

• Tile

Heating

• Baseboard

• Electric

• Space Heater

Cooling

• Wall/Window Unit(s)

Appliances

• Range

• Refrigerator

Other interior features

• Ceiling Fan(s)

Bedrooms and bathrooms

• Bedrooms: 5
Parking

• Assigned

• Covered

• Guest

• Parking Pad

Property

• Levels: One

• Exterior Features: Fenced / Hurricane Shutters / Lighting / Private Entrance / Sliding Doors / Storage

Lot

• Lot: 0.21 Acres

Other Property Information

• Parcel Number: 262815869760010010
Type and style

• Property Type: Residential Income

• Property Sub Type: Quadruplex
Utility

• Cable Connected

• Electricity Connected

• Sewer Connected

• Water Connected
Other financial information

• Annual tax amount: $8,801
Source details

• MLS ID: TB8470910

Other facts

• Construction Materials: Block

• Foundation Details: Slab

• Laundry Features: Laundry Closet / Outside

• Lot Features: Corner Lot / City Lot / Landscaped / Near Public Transit

• Patio And Porch Features: Covered / Patio

• Window Features: Double Pane Windows

• Other Structures: Shed(s) / Storage

• Living Area: 2549

• Water Source: Public

• Lot Size Dimensions: 79 x 120

• Subdivision Name: SUNNY RIDGE

Private inquiry

Talk to the advisor on this listing.

Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: DUNEDIN REALTY LLC

1301 N LOTUS DRIVE

Overview

Location

Details

Valuation

Highlights

Interior details

Property details

Construction details

Utilities / Green Energy Details

HOA and Financial Details

Other

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