439 Causeway Boulevard, Dunedin, FL 34698
- $3,750,000
- 6,437
- SqFt
- List Price
- $3,750,000
- Status
- Active
- Days on Market
- 95
- MLS#
- TB8500346
- Property Style
- Multi-Family 5+
- Year Built
- 1981
- Living Area
- 6,437
- Lot Size
- 16,021
- Acres
- 0.36
- Total Acreage
- 1/4 to less than 1/2
- Legal Subdivision Name
- Dunedin Causeway Center
- MLS Area Major
- Dunedin
Property Description
WATERFRONT INCOME. DEVELOPMENT POTENTIAL. ICONIC DUNEDIN LOCATION. Investor and developer opportunity positioned along the highly sought-after Dunedin Causeway. This rare, income-producing waterfront assemblage includes 2 parcels being sold together, currently configured as a waterfront main residence plus an adjacent income-producing multi-unit property with exceptional upside and long-term redevelopment potential. DEVELOPMENT & ZONING POTENTIAL: Zoned FX-M with short-term rentals approved, the property offers multifamily development potential for up to 10 units, making this a strategic acquisition for investors, developers, boutique hospitality operators, or buyers seeking scale in one of Tampa Bay’s most supply-constrained coastal corridors. PROPERTY CONFIGURATION: The income-producing building currently consists of 3 separate units, including 2 renovated 2-bedroom, 2-bath units that each accommodate up to 6 guests. *One unit features a modernized kitchen (2020), in-unit washer and dryer, new baseboards, and updated tile flooring. *The second includes a 2023 kitchen remodel, epoxy flooring, and in-unit laundry, making it ideal for short- or long-term leasing. *The third flexible unit functions as a versatile 1-bedroom, 1-bath space ideal for office, gym, or ancillary rental use, with plumbing already in place for washer/dryer installation. *The adjacent waterfront residence currently offers 3 bedrooms with the potential to add 3 additional bedrooms and can accommodate up to 10 guests, creating additional flexibility for expanded living, luxury rental use, or boutique hospitality potential. PROPERTY IMPROVEMENTS & FEATURES: Constructed with durable concrete block construction on slab, the property has been extensively improved with refreshed stucco and exterior paint (2022), impact-rated windows and doors (2015), 3 HVAC systems (2015), and separate electric meters for operational flexibility. Additional features include 6 dedicated parking spaces and a fully equipped RV hookup with 50-amp service, sewer, and water connections, expanding rental versatility. WATERFRONT LIFESTYLE: A heated saltwater pool and spa overlook the Intracoastal Waterway, while direct water access, a private dock, deep-water slips, boat lift, and jet ski lifts create exceptional boating appeal, recreational value, and strong lifestyle-driven rental demand. LOCATION & CONVENIENCE: Located just minutes from Downtown Dunedin, the property is within walking distance to waterfront dining, retail, marinas, entertainment, and the Pinellas Trail. Positioned adjacent to the Toronto Blue Jays Spring Training facilities and within a golf-cart-friendly community, the location continues to drive strong seasonal demand and premium rental rates. With flexible zoning, strong in-place income, irreplaceable waterfront positioning, and future redevelopment opportunity, this is a truly rare coastal investment opportunity along the iconic Dunedin Causeway. Property consists of 2 parcels being sold together, including 1 income-producing triplex property and 1 adjacent waterfront residence. The triplex includes 3 units: 2 renovated 2-bedroom, 2-bath units that each sleep up to 6 guests, plus 1 flexible unit with future 1-bedroom potential. The waterfront residence currently offers 3 bedrooms with the potential to add 3 additional bedrooms and can accommodate up to 10 guests.
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Additional Information
- Taxes
- $22535
- Annual Gross Income
- 150000
- Location
- City Limits, Landscaped, Near Golf Course, Near Public Transit, Oversized Lot, Sidewalk, Paved
- Community Features
- No Deed Restriction
- Property Description
- Two Story
- Floor
- Other, Tile
- Appliances
- Dishwasher, Microwave, Refrigerator
- Utilities
- Public, Water Connected
- Heating
- Central, Natural Gas
- Air Conditioning
- Central Air
- Exterior Construction
- Block, HardiPlank Type, Frame
- Roof
- Metal, Shingle
- Foundation
- Slab
- Pool
- No Pool
- Garage Features
- Electric Vehicle Charging Station(s), Ground Level, RV Access/Parking
- Water Name
- Gulf
- Water Extras
- No Wake Zone, Sailboat Water, Seawall - Concrete
- Water View
- Intracoastal Waterway
- Water Access
- Gulf/Ocean, Intracoastal Waterway
- Water Frontage
- Intracoastal Waterway
- Flood Zone Code
- AE
- Parcel ID
- 15-28-15-23166-006-0500
- Legal Description
- DUNEDIN CAUSEWAY CENTER BLK F, PT OF LOT 5 DESC AS FROM NE COR OF LOT 5 TH S19DW 77.98FT ALG W R/W OF S PAULA DR FOR POB TH S19DW 14FT TH N71DW 193.08 FT TH N19DE 71.46FT TO S R/W OF CAUSEWAY BLVD TH S79DE 42.88FT TH CUR RT RAD 2238.83FT ARC 54.56FT TH S19DW 69.66FT TH S71DE 96.07FT TO POB
Listing courtesy of SMITH & ASSOCIATES REAL ESTATE. 727-282-1788
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