2125 HICKORY GATE DRIVE E
About This Property
First time offered in decades and owned by the same family for more than 50 years, this extraordinary Spanish Trails property presents a rare opportunity to create a truly exceptional estate in one of Dunedin's most desirable neighborhoods.
Situated on approximately 0.88 acres and offering nearly 5,000 square feet of living space, 2125 Hickory Gate Drive East is one of the larger homes in the community. The expansive floor plan includes multiple living areas, five bathrooms, a private pool, and the kind of square footage and lot size that are increasingly difficult to find in today's market.
The home experienced wind-related roof damage during Hurricane Milton in 2024, which led to interior water intrusion. In addition, a separate plumbing issue in 2024 resulted in further interior damage. Portions of the drywall throughout the home have been removed as part of the remediation process, and many areas remain unfinished. The property will require substantial renovation and restoration and is being offered as a unique opportunity for investors, builders, contractors, or buyers looking to create a custom residence tailored to their vision.
This is not a move-in-ready property. It is a blank canvas with tremendous upside potential. The combination of location, lot size, pool, square footage, and neighborhood prestige creates an opportunity that rarely becomes available in Spanish Trails.
Whether your goal is a luxury renovation, multi-generational estate, or long-term investment, the fundamentals are already here: an established neighborhood, mature landscaping, oversized homesites, and one of Dunedin's most sought-after addresses.
Opportunities to acquire a property of this size and scale in Spanish Trails are exceptionally uncommon. Bring your contractor, your imagination, and your vision.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017