340 SOCRATES DRIVE
About This Property
Mid-century charm meets coastal living in this elevated Dunedin bungalow! Located near Downtown Dunedin, enjoy quick access to restaurants, breweries, shops, festivals, the Pinellas Trail, and Gulf beaches. Features include original terrazzo floors, jalousie windows, a new roof (2023), and updated kitchen and baths. Flexible layout with 2 bedrooms, bonus room (ideal office or 3rd bedroom), and 2 baths-one in the oversized 2-car garage. Lush tropical landscaping in front; fully fenced backyard with xeriscaping, outdoor shower, and clawfoot tub. A rare opportunity in a prime location!
The flexible layout includes two spacious bedrooms and a bonus room ideal as an office, studio, or third bedroom. In addition to the main bathroom, a second bath is located in the oversized two-car garage, offering added convenience and versatility.
Outside, the property features lush tropical landscaping in the front and a fully fenced backyard designed as a low-maintenance retreat, complete with xeriscaped elements, an outdoor shower, and a freestanding clawfoot tuba serene space to unwind and recharge.
Whether you're searching for a full-time residence, seasonal getaway, or investment opportunity, 340 Socrates Drive delivers the very best of the Dunedin lifestylecomfort, charm, and community in one exceptional location.
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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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About Dunedin
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017