1600 PASADENA DR new Save Request In-Person Tour Request Virtual Tour
Dunedin,FL 34698
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,785 sqft
Price per Sqft $497
Subdivision Dunedin Isles 1
MLS Listing ID TB8375710
HOA Y/N No
Originating Board Stellar MLS
Year Built 1950
Annual Tax Amount $10,463
Lot Size 9,583 Sqft
Acres 0.22
Property Sub-Type Triplex
Property Description
Turnkey Dunedin Triplex – Located in the beloved Dunedin Golf Cart Zone, steps from the waterfront and perched on the Pinellas Trail this is an Exclusive 5-star rated investment or lifestyle opportunity! This rare triplex is situated a block from the scenic 36-mile Pinellas Trail and just steps from stunning sunset views across St. Joseph's Sound. Built of solid cement block in a ranch-style layout, it offers three fully separate private units with no shared living space—ideal for full-time rental income, a hybrid live-and-rent setup, or a multigenerational lifestyle home. Zoned for short-term 90-day rentals and located outside the flood zone, this property has NO history of storm-surge or water damage. Its unbeatable location and proven cash flow deliver strong ROI and peace of mind. High ROI & Financing Advantage Net Operating Income (NOI) of 6.7%+ with upside potential; assumable 5.25% mortgage available to qualified buyers—a rare financing opportunity in today's market. Live in one unit while renting the others or lease all three for maximum income. The MAIN HOME features 3 bedrooms, private entry, full kitchen, spacious living areas, modern coastal décor, and its own fenced yard. Cement block construction ensures quiet, durable, low-maintenance living. STUDIO A is a newly built Tiny-House–style loft unit with modern finishes, private entrance, and a large yard shared with Studio B. STUDIO B is a single-level, fully furnished studio apartment with a 94% occupancy rate, private entrance, and access to the shared backyard. No units share interior space—each is completely self-contained. Both studios boast new kitchens and HVAC systems. Proven Performance & Guest Appeal Consistently 5-star reviewed on Airbnb and VRBO. High-season bookings are secured a year in advance for the main house and Studio B and returning-guest waitlists keep vacancy low. Walk, bike or golfcart to downtown Dunedin's award-winning breweries, restaurants, boutiques, art galleries, and community events. Minutes from Honeymoon Island, Clearwater Beach, and the Marina. Close to the American Legion, parks, and seasonal festivals. The published expected rent is based on current annual rates. The property has a history of much higher rental rates on shorter stays. Whether you're an investor seeking reliable cash flow, a snowbird wanting built-in rental income, or a local looking for a smart live-and-rent arrangement, this Dunedin triplex delivers location, lifestyle, flexibility, and financial performance.
Location
State FL
County Pinellas
Community Dunedin Isles 1
Area 34698 - Dunedin
Zoning R-60
Interior
Interior Features Ceiling Fans(s),Stone Counters,Thermostat
Heating Central,Electric,Natural Gas,Wall Units / Window Unit
Cooling Central Air,Wall/Window Unit(s)
Furnishings Furnished
Fireplace false
Appliance Cooktop,Dishwasher,Disposal,Exhaust Fan,Microwave,Range,Refrigerator,Washer
Laundry Laundry Room,Outside
Exterior
Exterior Feature Fence,Sidewalk
Parking Features Driveway
Utilities Available BB/HS Internet Available,Cable Connected,Electricity Connected,Natural Gas Available,Phone Available,Public,Sewer Connected,Water Connected
Roof Type Shingle
Attached Garage false
Garage false
Private Pool No
Building
Lot Description Corner Lot,City Limits,Landscaped,Level,Near Golf Course,Near Public Transit,Sidewalk,Street Brick
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Stucco
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Assumable,Cash,Conventional
Listing Terms Assumable,Cash,Conventional
Special Listing Condition None
Virtual Tour https://promotion-media.aryeo.com/videos/01964028-fb0b-71b9-b87b-71c7fa3217e9