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439 Causeway Boulevard, Dunedin
$3,490,000
TB8500346 MLS
WATERFRONT INCOME. DEVELOPMENT POTENTIAL. ICONIC DUNEDIN LOCATION. 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.

439 Causeway Boulevard, Dunedin

Listing courtesy of SMITH & ASSOCIATES REAL ESTATE. 727-282-1788
439 Causeway Boulevard, Dunedin
$3,490,000
9 Beds ⋅ 9 Baths ⋅ TB8498731 MLS
Poised along the iconic Dunedin Causeway, this irreplaceable waterfront estate represents a level of exclusivity rarely seen—standing as the only single-family residence on this world-renowned stretch. Uninterrupted Intracoastal panoramas, refined architectural character, and extraordinary mixed-use potential converge in a setting that is both prestigious and enduring. Zoned FX-M/Short Terms Rentals Approved, the property offers remarkable versatility, allowing for private residential living, boutique hospitality, or future redevelopment. The estate thoughtfully comprises a meticulously renovated main residence paired with an adjacent, income-producing triplex—creating an exceptional opportunity to generate immediate revenue while preserving long-term upside for a boutique hotel concept or curated commercial venture. This is a truly singular offering on the causeway. Beyond a galvanized gate and private pavered drive, the estate reveals itself with a commanding presence overlooking the Intracoastal Waterway. Across the water lies Marker 1 Marina, one of Tampa Bay’s premier marinas, neighboring restaurants and shops are within walking distance and the Pinellas Trail is only a block away, enhancing both the lifestyle appeal and long-term value of this location. The West Indies–inspired main residence has been masterfully reimagined with a focus on coastal sophistication and structural integrity, featuring high-impact windows and doors throughout. Interiors are curated with elevated design elements and bespoke finishes, beginning with an inviting entry level accented by exposed brick and a custom tempered-glass under-stair pet retreat. The GORGEOUSLY RENOVATED lower level unfolds into a private guest suite, complemented by a spa-caliber bath with a walk-in rain shower. A statement media and lounge space anchors the level, complete with custom wall treatments, a dramatic waterfall island, wet bar, and a specialty refrigeration system designed to craft perfectly formed bourbon ice spheres—an entertainer’s indulgence. An architectural staircase ascends to the primary living level, elevated at 16.35 feet, where natural light pours into an open-concept living and dining space framed by sweeping water views. The striking designer kitchen, featuring a custom pantry and seamless visual connection to the Intracoastal. The primary suite is a serene retreat, offering abundant light and a spa-inspired bath highlighted by a custom poured concrete vanity and generous wardrobe space. An expansive secondary suite provides flexibility for lounging or guest accommodations, complete with a renovated en-suite bath and walk-in closet. Outdoors, the estate transforms into a private coastal sanctuary. A HEATED SALTWATER pool and spa, complete with sun shelf and bubbler, overlook the Intracoastal, evoking a true resort. The expansive pavered entertaining terrace, enhanced by a cabana, offers ample space for curated outdoor living, while an upper-level balcony captures breathtaking western sunsets over the water. The NEW PRIVATE DOCK is equally impressive, featuring three deep-water slips accommodating vessels exceeding 40 feet, a BRAND NEW 10,000 lb boat lift, and dual jet ski lifts—delivering seamless access. This is more than a residence—it is a landmark waterfront estate on one of Dunedin’s most coveted stretches, where refined living, income-producing potential, and an elite boating lifestyle are brought together in one extraordinary offering.

439 Causeway Boulevard, Dunedin

Listing courtesy of SMITH & ASSOCIATES REAL ESTATE. 727-282-1788

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