Exceptional Development Opportunity in the Heart of Downtown Dunedin.
Discover an unparalleled opportunity at 1138 New York Avenue, located in the vibrant and highly sought-after Downtown Dunedin. This property is zoned RMF-15 (Residential Multi-Family, 15 Units per Acre), offering extraordinary flexibility and potential for developers, builders, and investors. Whether you envision high-end townhomes, income-generating duplexes, or a grand single-family estate with accessory dwelling unit(s) with a pool, this property provides the perfect canvas for your next project.
The existing home on the lot presents an option to renovate and integrate into a larger development plan or clear the property for a completely new build. With the capacity to develop up to four luxury townhomes, two duplexes, or a spacious single-family home with room for a pool and Accessory Dwelling Unit (ADU), this site adapts to a wide range of visions and goals.
Situated in the heart of Dunedin, the property is walking distance to the city's best amenities, including boutique shops, locally owned restaurants, and the lively brewery scene. The Toronto Blue Jays Spring Training Stadium is nearby, as is the scenic Pinellas Trail, perfect for biking and outdoor enthusiasts. Just a short drive away, you’ll find world-renowned beaches at Honeymoon Island and Clearwater Beach, along with easy access to the Dunedin Marina and the picturesque waterfront.
Dunedin is celebrated for its charming coastal community, rich history, and thriving real estate market. Its lively downtown, nearly four miles of waterfront, and year-round cultural events make it one of Florida’s most desirable destinations. Conveniently located near major hospitals, schools, and only 30 minutes from Tampa International Airport, this property offers both an exceptional location and limitless potential. Contact a local real estate professional to learn more.
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Our Executive Mortgage Banker:
Our Insurance Division:
$725,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $580,000 | $580,000 | $580,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,006 | $3,908 | $4,934 |
Total Monthly Payment | $4,098 | $4,000 | $5,026 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.