Property 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 (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.
Features
Heating System:
Electric, Space Heater, Baseboard
Cooling System:
Wall/Window Unit(s)
Patio:
Covered, Patio
Parking:
Assigned, Covered, Guest, Parking Pad
Carport Spaces:
3
Exterior Features:
Lighting, Storage, Sliding Doors, Hurricane Shutters, Fence, Private Entrance
Flooring:
Carpet, Laminate, Luxury Vinyl, Tile, Linoleum
Interior Features:
Ceiling Fans(s)
Laundry Features:
Laundry Closet, Outside
Sewer:
Public Sewer
Utilities:
Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Window Features:
Double Pane Windows
Appliances
Appliances:
Range, Refrigerator
Address Map
Country:
US
State:
FL
County:
Pinellas
City:
Dunedin
Subdivision:
SUNNY RIDGE
Zipcode:
34698
Street:
LOTUS
Street Number:
1301
Street Suffix:
DRIVE
Longitude:
W83° 13' 43''
Latitude:
N28° 1' 17.1''
Directions:
From Main St, North on Pinehurst, Right on Lotus, SE corner Property on Right
Mls Area Major:
34698 - Dunedin
Street Dir Prefix:
N
Neighborhood
Elementary School:
Garrison-Jones Elementary-PN
High School:
Dunedin High-PN
Middle School:
Dunedin Highland Middle-PN
Additional Information
Lot Size Dimensions:
79x120
Water Source:
Public
Virtual Tour:
https://www.propertypanorama.com/instaview/stellar/TB8470910
Previous Price:
729000
On Market Date:
2026-02-04
Number Of Units Total:
4
Lot Features:
Paved, Corner Lot, Landscaped, City Limits, Near Public Transit
Levels:
One
Foundation Details:
Slab
Construction Materials:
Block
Community Features:
None
Building Size:
3280
Association Amenities:
Laundry
Financial
Tax Annual Amount:
8801
Listing Information
List Agent Mls Id:
260013172
List Office Mls Id:
260019767
Listing Term:
Cash, Conventional
Mls Status:
Active
Modification Timestamp:
2026-05-07T14:00:09Z
Originating System Name:
Stellar
Special Listing Conditions:
None
Status Change Timestamp:
2026-03-17T12:56:11Z

Residential Income For Sale

1301 N Lotus Dr, Dunedin, Florida 34698

5 Bedrooms
5 Bathrooms
2,549 Sqft
$699,900
Listing ID #TB8470910
Basic Details
Property Type :
Residential Income
Listing Type :
For Sale
Listing ID :
TB8470910
Price :
$699,900
View :
Garden
Bedrooms :
5
Bathrooms :
5
Square Footage :
2,549 Sqft
Year Built :
1959
Lot Area :
0.21 Acre
Property Sub Type :
Quadruplex
Roof:
Shingle
Agent info
Contact Agent

Scroll to Top