54 NICHOLAS DRIVE
About This Property
The property itself is a true standout, offering a large, fully fenced backyard-a rare find this close to the water-providing endless possibilities for outdoor entertaining, a pool, garden, or expansion. A charming front porch and tranquil pond view welcome you home, while the sunroom creates additional flexible living space ideal for relaxing, working from home, or hosting guests.
Complete with a two-car garage, three spacious bedrooms, and two full bathrooms, this home blends lifestyle, location, and land-delivering the coveted Dunedin coastal living experience with room to grow and enjoy.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 25, 2026 | Sold | ||
| Sold | |||
| Feb 22, 2026 | In contract | - | |
| In contract | |||
| Feb 17, 2026 | Relisted | $425,000 | |
| Relisted | |||
| Jan 31, 2026 | In contract | - | |
| In contract | |||
| Jan 1, 2026 | Listed by KATIE DUCHARME REALTY, LLC | $425,000 | |
| Listed by KATIE DUCHARME REALTY, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017