1301 N Lotus Drive Dunedin, FL 34698
For Sale MLS# TB8470910
5 beds 5 baths 2,549 sq ft Multi-family
Details for 1301 N Lotus Drive
MLS# TB8470910
Description for 1301 N Lotus Drive, Dunedin, FL, 34698
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.
Listing Information
Property Type: Residential, Quadruplex
Status: Active
Bedrooms: 5
Bathrooms: 5
Lot Size: 0.21 Acres
Square Feet: 2,549 sq ft
Year Built: 1959
Stories: 1 Story
Construction: Block
Construction Display: New Construction
Subdivision: Sunny Ridge
Foundation: Slab
Number Of Units Total: 4
County: Pinellas
Construction Status: New Construction
School Information
Elementary: Garrison-Jones Elementary-Pn
Middle: Dunedin Highland Middle-Pn
High: Dunedin High-Pn
Additonal Room Information
Laundry: Outside, Laundry Closet
Interior Features
Appliances: Range, Refrigerator
Flooring: Carpet,Laminate,Linoleum,Luxury Vinyl,Tile
Doors/Windows: Double Pane Windows
Additional Interior Features: Ceiling Fan(s)
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Cable Connected,Electricity Connected,Sewer Connected,Water Connected
Cooling: Wall/Window Unit(s), Ceiling Fan(s)
Heating: Baseboard, Electric, Space Heater
Exterior / Lot Features
Parking Description: Guest, Parking Pad, Covered, Assigned
Roof: Shingle
Lot View: Garden
Lot Dimensions: 79x120
Additional Exterior/Lot Features: Storage, Private Entrance, Storm/Security Shutters, Fence, Lighting, Covered, Patio, Corner Lot, Landscaped, Near Public Transit, City Lot
Out Buildings: Storage, Shed(s)
Community Features
Association Amenities: Laundry
Unit Information
Unit 1 Units Total: 1
Unit 1 Actual Rent: 1115
Unit 1 Baths Total: 1
Unit 1 Beds Total: 1
Unit 2 Units Total: 1
Unit 2 Actual Rent: 1945
Unit 2 Baths Total: 2
Unit 2 Beds Total: 2
Unit 3 Units Total: 1
Unit 3 Actual Rent: 1092
Unit 3 Baths Total: 1
Unit 3 Beds Total: 1
Unit 4 Units Total: 1
Unit 4 Actual Rent: 1228
Unit 4 Baths Total: 1
Unit 4 Beds Total: 1
Driving Directions
From Main St, North on Pinehurst, Right on Lotus, SE corner Property on Right
Financial Considerations
Terms: Cash,Conventional
Tenant Pays: Electricity,Sewer,Trash Collection
Gross Income: 64560
Tax/Property ID: 26-28-15-86976-001-0010
Tax Amount: 8801
Tax Year: 2025
A broker reciprocity listing courtesy: DUNEDIN REALTY LLC
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 1301 N Lotus Drive
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 1301 N Lotus Drive
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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