1889 SAN MATEO DRIVE
About This Property
Unbeatable Dunedin location - directly across from Hammock Park and backing to the park's private wooded area and butterfly garden! This is truly one of the best locations in all of Dunedin, offering peace, privacy, and unbeatable proximity to everything this charming coastal town has to offer.
This home was damaged by Hurricane Helene and has visible storm damage but offers tremendous potential for investors or renovators ready to bring it back to life.
Recent UPGRADES include a roof (2020) prior to the storm, A/C compressor 2025 has been elevated and replaced since the hurricane) Handler 2019 and serviced, tankless water heater (condition unknown), hurricane-rated windows throughout, knockdown ceilings, and a stamped concrete entryway. The fenced backyard includes an oversized paver patio, shed, mature shade trees, and plenty of room for outdoor entertaining. The Florida room offers potential for a 3rd bedroom or home office, adding even more value and flexibility. Additional features include terrazzo flooring, a circle driveway, upper wood kitchen cabinets, and a utility room, storage room, and closet with utility sink located in the carport area. The half bath functions as a Jack-and-Jill bath between the two bedrooms, offering added convenience.
Enjoy a golf cart–friendly neighborhood close to local restaurants, bars, and parks - just minutes from Downtown Dunedin, the Pinellas Trail, Honeymoon Island Beach, and the Dunedin Causeway. And just imagine the short stroll to watch the sunset over the Gulf waters.
Investors will want to run to this one! This property offers incredible upside in one of the most sought-after areas of Pinellas County. Bring your vision and restore this Dunedin gem - opportunities in locations like this are rare!
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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