5 SHORE DRIVE
About This Property
This tidal canal location is an absolute dream for inshore anglers and paddle-sport enthusiasts, offering immediate, wide-open access to the pristine keys and sandbars of St Joseph Sound while providing protected mooring and a haven for sea life. What a wonderful way to spend your spare time or retirement. This beautiful piece of land is just a block from the Pinellas Trail that runs from Tarpon Springs to Gulf Port. Located just minutes from the vibrant, golf-cart-friendly culture of downtown Dunedin, local boutiques, fine dining, festivals, Hammock Park and the world-renowned beaches of Honeymoon Island. Bring your builder, your architect, and your vision to claim this rare piece of the Dunedin waterfront! No HOA. Sold As-Is. This is Waterfront living at it's finest, on a 21,432 sq ft lot. This location is the epitome of Florida living. Couple this with everything that delightful Dunedin has to offer and you have the perfect Florida lifestyle home.
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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 |
|---|---|---|---|
| Nov 3, 2026 | Price Decreased |
$1,100,000
↓ $20K
(1.8%) | |
| Price Decreased | |||
| Jun 11, 2026 | Price Decreased |
$1,119,990
↓ $30K
(2.6%) | |
| Price Decreased | |||
| Mar 5, 2026 | Listed by COASTAL PROPERTIES GROUP INTERNATIONAL | $1,149,900 | |
| Listed by COASTAL PROPERTIES GROUP INTERNATIONAL | |||
| Jun 30, 2020 | No longer available | - | |
| No longer available | |||
| Jun 30, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017