1663 SAN MATEO DRIVE
About This Property
Welcome to this beautifully updated Dunedin home offering the perfect blend of modern updates, flexible living space, and an unbeatable location. Whether you're looking for a primary residence with room for extended family, a private guest retreat, or an income-producing opportunity, this property checks every box.
The main home features 2 spacious bedrooms and 1 beautifully updated bathroom, showcasing stylish wood-look tile flooring throughout, an updated kitchen with modern cabinetry, gorgeous countertops, designer tile backsplash, and contemporary lighting that creates a bright, inviting atmosphere.
A standout feature is the private in-law suite with its own separate entrance, offering endless possibilities. Perfect for multigenerational living, visiting guests, a home office, or a studio apartment to generate additional rental income. The suite features matching wood-look tile flooring, a full bathroom with a walk-in shower, a kitchenette complete with new cabinetry, countertops, sink, and refrigerator-making it completely self-sufficient.
This home has been thoughtfully improved with major updates for peace of mind, including a new roof (2021), new HVAC system with air purifier and dehumidifier and ductwork (2022), new appliances (2021), new water heater (2021), upgraded electrical panel and updated electrical in 2024, new gutters, and a beautifully covered patio (2022) enclosed with premium no-see-um screening, creating the perfect outdoor living space to enjoy Florida year-round. The washer, dryer, and kitchen island are also included.
Step outside into the large, fully fenced backyard, offering plenty of room for entertaining, pets, gardening, or simply relaxing in your own private oasis.
The location is simply exceptional. Hop on your golf cart or bike and be in the heart of Downtown Dunedin in just minutes, where you'll enjoy award-winning restaurants, breweries, boutique shopping, waterfront parks, year-round festivals, and one of Florida's most vibrant downtown districts. You're also within walking distance of the Pinellas Trail and scenic Hammock Park, while the Dunedin Causeway and world-famous Honeymoon Island State Park are only minutes away for kayaking, boating, fishing, and breathtaking Gulf sunsets.
Best of all, there's NO HOA, NO CDD fees, and NO flood insurance required, giving you the freedom to truly enjoy your home without unnecessary expenses. There is also hook up for Hot tub! Also sewer pipes have been lined and have a limited lifetime warranty!
Opportunities like this, offering an updated home, a private in-law suite, incredible flexibility, and one of Dunedin's most desirable locations-are incredibly rare. Schedule your private showing today and experience everything this exceptional property has to offer.
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What does this mean?
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%.
How much can I actually make?
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 1, 2026 | Price Decreased |
$565,000
↓ $4K
(0.7%) | |
| Price Decreased | |||
| Sep 27, 2026 | Price Decreased |
$569,000
↓ $3K
(0.5%) | |
| Price Decreased | |||
| Sep 21, 2026 | Price Decreased |
$572,000
↓ $3K
(0.5%) | |
| Price Decreased | |||
| Sep 13, 2026 | Price Decreased |
$575,000
↓ $12K
(2%) | |
| Price Decreased | |||
| Sep 4, 2026 | Price Increased |
$587,000
↑ $57K
(10.8%) | |
| Price Increased | |||
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About Dunedin
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017