439 CAUSEWAY BLVD Dunedin, FL 34698
6,437 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 6,437 sqft
Price per Sqft $582
Subdivision Dunedin Causeway Center
MLS Listing ID TB8500346
Construction Status Completed
HOA Y/N No
Year Built 1981
Annual Tax Amount $22,535
Lot Size 0.360 Acres
Acres 0.36
Lot Dimensions 194 x 78
Property Sub-Type Multi-Family 5+
Source Stellar MLS
Property Description
Investor and developer opportunity positioned along the highly sought-after Dunedin Causeway. This rare, income-producing waterfront assemblage includes 2 parcels being sold together, currently configured as a waterfront main residence plus an adjacent income-producing multi-unit property with exceptional upside and long-term redevelopment potential.
DEVELOPMENT & ZONING POTENTIAL: Zoned FX-M with short-term rentals approved, the property offers multifamily development potential for up to 10 units, making this a strategic acquisition for investors, developers, boutique hospitality operators, or buyers seeking scale in one of Tampa Bay's most supply-constrained coastal corridors.
PROPERTY CONFIGURATION: The income-producing building currently consists of 3 separate units, including 2 renovated 2-bedroom, 2-bath units that each accommodate up to 6 guests. *One unit features a modernized kitchen (2020), in-unit washer and dryer, new baseboards, and updated tile flooring. *The second includes a 2023 kitchen remodel, epoxy flooring, and in-unit laundry, making it ideal for short- or long-term leasing. *The third flexible unit functions as a versatile 1-bedroom, 1-bath space ideal for office, gym, or ancillary rental use, with plumbing already in place for washer/dryer installation. *The adjacent waterfront residence currently offers 3 bedrooms with the potential to add 3 additional bedrooms and can accommodate up to 10 guests, creating additional flexibility for expanded living, luxury rental use, or boutique hospitality potential.
PROPERTY IMPROVEMENTS & FEATURES: Constructed with durable concrete block construction on slab, the property has been extensively improved with refreshed stucco and exterior paint (2022), impact-rated windows and doors (2015), 3 HVAC systems (2015), and separate electric meters for operational flexibility. Additional features include 6 dedicated parking spaces and a fully equipped RV hookup with 50-amp service, sewer, and water connections, expanding rental versatility.
WATERFRONT LIFESTYLE: A heated saltwater pool and spa overlook the Intracoastal Waterway, while direct water access, a private dock, deep-water slips, boat lift, and jet ski lifts create exceptional boating appeal, recreational value, and strong lifestyle-driven rental demand.
LOCATION & CONVENIENCE: Located just minutes from Downtown Dunedin, the property is within walking distance to waterfront dining, retail, marinas, entertainment, and the Pinellas Trail. Positioned adjacent to the Toronto Blue Jays Spring Training facilities and within a golf-cart-friendly community, the location continues to drive strong seasonal demand and premium rental rates. With flexible zoning, strong in-place income, irreplaceable waterfront positioning, and future redevelopment opportunity, this is a truly rare coastal investment opportunity along the iconic Dunedin Causeway.
Property consists of 2 parcels being sold together, including 1 income-producing triplex property and 1 adjacent waterfront residence. The triplex includes 3 units: 2 renovated 2-bedroom, 2-bath units that each sleep up to 6 guests, plus 1 flexible unit with future 1-bedroom potential. The waterfront residence currently offers 3 bedrooms with the potential to add 3 additional bedrooms and can accommodate up to 10 guests.
Location
State FL
County Pinellas
Community Dunedin Causeway Center
Area 34698 - Dunedin
Interior
Heating Central, Natural Gas
Cooling Central Air
Flooring Other, Tile
Appliance Dishwasher, Microwave, Refrigerator
Exterior
Parking Features Electric Vehicle Charging Station(s), Ground Level, RV Access/Parking
Utilities Available Public, Water Connected
Waterfront Description Intracoastal Waterway
View Y/N Yes
Water Access Yes
Water Access Desc Gulf/Ocean,Intracoastal Waterway
Roof Type Metal,Shingle
Building
Lot Description City Limits, Landscaped, Near Golf Course, Near Public Transit, Oversized Lot, Sidewalk, Paved
Entry Level Two
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block,HardiPlank Type,Frame
New Construction false
Construction Status Completed
Others
Ownership Fee Simple
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
Virtual Tour https://tampa-listing-lab.aryeo.com/videos/019d550b-4c43-7225-b4a8-9d5ec8712010
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