1301 North Lotus Drive

Off Market

1301 North Lotus Drive

Dunedin FL 34698

3280 sq. ft.

9357 sq. ft.

Duplex

Last sold for $645,000

Pete Dagios, last sold this property on 03 August 2026 after 180 days on market.

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.

Features

5 bedrooms

5 bathrooms

3 carspaces

3 carport spaces

3280 sq. ft. floor area

9357 sq. ft. lot size

Duplex

Estimated Value

We need at least 3 similar 5 bedroom duplexes sold in Dunedin over the last 12 months.

Property history for 1301 North Lotus Drive

2026

Sold

$645,000

03 Aug 2026 by Pete Dagios, of DUNEDIN REALTY LLC

2023

Sold

$555,000

06 Jun 2023 by Keith Connors, of CHARLES RUTENBERG REALTY INC

Happy sellers in Dunedin

75%

75% of sellers in Dunedin reported that their sale price either exceeded or met their price expectations.

Dunedin stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 36 reviews in Dunedin over the last 12 months.

Local market activity for 5 bedroom duplexes in Dunedin

In the last 12 months, 2 five-bedroom duplexes similar to 1301 North Lotus Drive, have been sold.

This represents a 50% increase in five-bedroom duplexes sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Dunedin for a market analysis.

Joel Erlichson

at Dalton Wade

(27 reviews)

Get a market analysis

Tarah Farber

at MAVREALTY

(23 reviews)

Get a market analysis

Rich Henry

at ACTION PRO REALTY

(75 reviews)

Get a market analysis

Antje Anderson

at BLAKE REAL ESTATE INC

(42 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Dunedin

Joel Erlichson

Joel Erlichson is an award winning recommended agent for Dunedin. They have 7 local sales and collected 7 local reviews across the last 12 months.

5 (27 reviews)
7 Reviews in Dunedin
7 Sales in Dunedin

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Tarah Farber

Sellers who recommend Tarah Farber have praised them for being local expert, clear communication, and responsive

5 (23 reviews)
4 Reviews in Dunedin
5 Sales in Dunedin

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Rich Henry

Sellers who recommend Rich Henry have praised them for being local expert, clear communication, responsive, patient, supportive, detail-oriented, and stress-free process