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.

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Included Appliances

RangeRefrigerator

Property Details

Highlights

View

Yes

Interior

Appliances

RangeRefrigerator

Building Area Total

3280

Cooling

Wall/Window Unit(s)

Flooring

CarpetLaminateLinoleumLuxury VinylTile

Furnished

Unfurnished

Heating

BaseboardElectricSpace Heater

Interior Features

Ceiling Fan(s)

Laundry Features

Laundry ClosetOutside

Living Area

2549

Window Features

Double Pane Windows

Construction

Building Area Source

Public Records

Building Area Units

Square Feet

Common Walls

Corner UnitEnd Unit

Construction Materials

Block

Foundation Details

Slab

Levels

One

Living Area Source

Public Records

Living Area Units

Square Feet

Number Of Units Total

4

Property Condition

Completed

Roof

Shingle

Year Built

1959

Site & Exterior

Carport Spaces

3

Covered Spaces

3

Exterior Features

FencedHurricane ShuttersLightingPrivate EntranceSliding DoorsStorage

Flood Zone Code

X

I D X Participation

Yes

Lot Features

Corner LotCity LotLandscapedNear Public Transit

Lot Size Acres

0.21

Lot Size Area

9357

Lot Size Dimensions

79 x 120

Lot Size Square Feet

9357

Lot Size Units

Square Feet

Open Parking

Yes

Other Structures

Shed(s)Storage

Parking Features

AssignedCoveredGuestParking Pad

Patio And Porch Features

CoveredPatio

Public Survey Range

15

Public Survey Section

26

Road Frontage Type

Street Paved

Road Responsibility

Public Maintained Road

Road Surface Type

Paved

Sewer

Public Sewer

Total Acreage

0 to less than 1/4

Utilities

Cable ConnectedElectricity ConnectedSewer ConnectedWater Connected

View

Garden

Water Source

Public

Financials

Calculated List Price By Calculated Sq Ft

274.58

Contract Status Change Date

2026-02-04

Current Price

699900

Existing Lease Type

GrossPass Throughs

Feed Types

BBO

Lease Considered

Yes

Minimum Lease

No Minimum

Owner Name

ELEIS G & ABBY L CHRISTOPOULOS

Ownership

Fee Simple

Parcel Number

262815869760010010

Public Survey Township

28

Tax Annual Amount

8801

Tax Block

Yes

Tax Book Number

41-49

Tax Legal Description

SUNNY RIDGE BLK 1, LOT 1

Tax Lot

Yes

Tax Year

2025

Total Actual Rent

5380

Neighborhood & Lifestyle

Community & Association

Additional Lease Restrictions

PLEASE NOTE: Unconditional Short Term Rentals Permitted / AirBNB & VRBO Friendly Units

Association Amenities

Laundry

Lease Restrictions

Yes

M L S Area Major

34698 - Dunedin

Pets Allowed

Cats OKDogs OK

Subdivision Name

SUNNY RIDGE

Schools

Ratings

Elementary

Garrison-Jones Elementary-PN

Middle

Dunedin Highland Middle-PN

High

Dunedin High-PN

Listing provided courtesy of STELLAR via IDX. Updated: Jul 1, 2026, 2:08pm.

1301 N LOTUS DRIVE

1301 N LOTUS DRIVE

Property Description

Property Details

Highlights

Interior

Construction

Site & Exterior

Financials

Neighborhood & Lifestyle

Community & Association

Schools

Pete Dagios

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1301 N LOTUS DRIVE

1301 N LOTUS DRIVE

Property Description

Property Details

Highlights

Interior

Construction

Site & Exterior

Financials

Neighborhood & Lifestyle

Community & Association

Schools

Pete Dagios