1301 N LOTUS DRIVE, Dunedin, FL 34698

• 5 beds |
• 5 baths |
• 2,549 sqft

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 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.

Listing Status:

Active

Date Added:

February 4, 2026

Data Last Updated:

March 28, 2026 at 12:21AM

Listing Office:

DUNEDIN REALTY LLC : 727-734-2180

Listing Agent:

Pete Dagios : 727-365-3425

MLS ID:

TB8470910

Interior

• General: Ceiling Fans(s)
• Appliances: RangeRefrigerator
• Laundry: Laundry ClosetOutside
• Flooring: CarpetLaminateLinoleumLuxury VinylTile
• A/C: Wall/Window Unit(s)
• Heating: BaseboardElectricSpace Heater

Exterior

• General: FenceHurricane ShuttersLightingPrivate EntranceSliding DoorsStorage
• Other Structures: Shed(s)StoragePatioCovered
• Parking: AssignedCoveredGuestParking Pad

Construction

• Roofing: Shingle
• Windows: Double Pane Windows
• General: BlockOneSlab

Location

• Road/Access: Paved
• HOA Amenities: Laundry
• Originating MLS: Stellar MLS
• County: Pinellas

Lot

• Zoning: SUNNY RIDGE BLK 1LOT 126-28-15-86976-001-0010
• View: Garden

Utilities

• Utilities: Cable ConnectedElectricity ConnectedSewer ConnectedWater Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Stellar MLS
• Ownership: Fee Simple