Duplex with Short-Term Rental
1159 PINEHURST ROAD Dunedin, FL 34698
1159 PINEHURST ROAD, Dunedin, FL, 34698
$600,000
Pending
For Sale
$600,000
Pending
Two-bedroom units with attached garages and fully fenced backyards, designed under short-term rental zoning.
Property Size1,888 SF
Days on Market483
Property Features for 1159 PINEHURST ROAD
General Information
- Standard status
- Pending
- Size
- 1,888 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1970
Listing agency
PRISTINE FLORIDA PROPERTIES LLC
(727) 259-4143
Listed by
Rachel Landon · License #3566151
(727) 259-4143
Source
Exitrealty
Added: Mar 26, 2025 Updated: Jul 21 at 3:28AM Checked: Jul 21 at 3:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PRISTINE FLORIDA PROPERTIES LLC
Investment Insights
Based on property information with market context.
This duplex offers two separate residential units, each featuring two bedrooms and a bonus space/office off the primary bedroom, along with one bathroom. Both units also include attached garages and fully fenced backyards. The kitchens have been updated with stone countertops, creating a clean, functional layout for both everyday living and visiting guests.
The property is located about one mile from downtown Dunedin and is described as within a golf-cart-friendly community. The setting is further characterized in the remarks as being in a non-evacuation and non-flood zone. Under contract and accepting backup offers. Please be respectful of the current tenants’ privacy and schedule any showings in advance.
The property is located about one mile from downtown Dunedin and is described as within a golf-cart-friendly community. The setting is further characterized in the remarks as being in a non-evacuation and non-flood zone. Under contract and accepting backup offers. Please be respectful of the current tenants’ privacy and schedule any showings in advance.
Key Highlights
- Duplex built in 1970 with short‑term rental zoning for each unit
- Each unit has 2 bedrooms with a bonus space/office off the primary bedroom
- Each unit includes 1 bathroom and an attached garage
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.8k | $17.88 |
| − Vacancy | −$2.3k | −$1.21 |
| EGI | $31.5k | $16.67 |
| − OpEx | −$9.4k | −$5.00 |
| NOI | $22.0k | $11.67 |
1,888 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$314.8K
$275.5K – $367.3K
NOI $22,038 @ 7.0% cap · market cap 3.67%
Second Best
Apartment 5plus
$248.1K
$217.1K – $289.4K
NOI $17,364 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$491.1K
$429.7K – $572.9K
NOI $34,376 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two-bedroom units with attached garages and fully fenced backyards, designed under short-term rental zoning.
Where is this duplex located?
The property is located at 1159 PINEHURST ROAD Dunedin, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Duplex built in 1970 with short‑term rental zoning for each unit; Each unit has 2 bedrooms with a bonus space/office off the primary bedroom; Each unit includes 1 bathroom and an attached garage
