698 ROANOKE STREET
About This Property
Opportunity awaits just 1.3 miles from vibrant downtown Dunedin and located within the highly desirable Dunedin Golf Cart Zone. This 1959 block home is situated in Flood Zone X and offers strong upside potential for investors, flippers, or renovation loan buyers ready to undertake a full rehabilitation project.
Featuring 1,768 heated square feet (2,828 gross square feet), the layout includes 3 bedrooms and 1 bath (half bath located in the shed inside the carport). The floor plan offers a spacious 13' x 20' living room, kitchen with dining area, and a large 19' x 21' family room (converted lanai), providing flexibility for redesign and modernization.
Property Condition: This is a complete rehab. Roof is aged and missing shingles. Original fuse box electrical panel. HVAC system is not operational. Prior rodent infestation (professionally exterminated).
Built in 1959 with original systems and finishes. Property is on public water and sewer and also includes a well for irrigation.
Home is being sold strictly AS-IS. Seller will make no repairs. Property will NOT pass traditional financing inspections. Cash, hard money, or renovation loan only.
Excellent opportunity to restore or reimagine a property in the sought after Dunedin area with close proximity to shops, restaurants, waterfront parks, and the Pinellas Trail.
Serious inquiries only. Proof of funds required with offers.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 12, 2026 | Sold | ||
| Sold | |||
| Feb 12, 2026 | Listed by KELLER WILLIAMS REALTY- PALM H | $329,000 | |
| Listed by KELLER WILLIAMS REALTY- PALM H | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017