1235 NELSON ST
About This Property
Thoughtfully designed with a split-bedroom layout, this home offers spacious bedrooms throughout. The primary suite is a true retreat, featuring pocketing sliding doors that open to serene views of the lanai and pool. The luxurious ensuite bathroom includes a garden tub, separate shower, and plenty of space to unwind.
The additional bedrooms are served by a full bath with direct access to the pool-ideal for keeping wet feet out of the main living areas.
A formal living room at the front of the home showcases a large window with a built-in bench seat and flows seamlessly into the dining room. From here, pocketing sliders lead out to the lanai, making entertaining a breeze.
The updated kitchen overlooks the pool and is open to the family room, creating a connected and inviting living space. Highlights include a large center island, granite countertops, under-cabinet lighting, and plenty of cabinetry.
The spacious family room is a rare find in Fairway Estates, boasting soaring vaulted ceilings and a cozy propane fireplace as its focal point.
Step outside to what may become your favorite part of the home-the screened lanai and pool area. Surrounded by beautiful stone pavers, the pool features a recently replaced pump and a saltwater chlorination system for easier maintenance. The separate spa is perfect for relaxing on cooler winter Florida evenings.
Additional features include a two-car garage and a detached storage shed, ideal for tools and outdoor gear. The home also includes a fully paid-off solar system (installed in 2018), updated impact-rated windows, and has been replumbed overhead. Key updates include the flat roof (2019), hybrid water heater (2018), HVAC (2014), and main roof (2004).
Located on a quiet, elevated street in a non-evacuation area and Flood Zone X (where lenders do not require flood insurance!), this home offers peace of mind and prime positioning. Enjoy being just steps from the revitalized Dunedin Golf Club, as well as close proximity to the Dunedin Community and Arts Centers, Hammock and Highlander Parks, and the award-winning beaches of Honeymoon and Caladesi Islands.
Don't miss your chance! Schedule your tour today!
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017