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    200 MAIN STREET 202 Dunedin, FL 34698

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    For Sale
    $750,000

    Rare condo with luxury finishes near shops and restaurants.

    Type:Condo/Townhome
    Property size:
    1,426 SF
    Lot size:
    1.27 Acres
    Added:
    Mar 23, 2026
    Days on Market:
    11
    Last Refresh:
    Mar 25 at 9:20 pm

    Property Features for 200 MAIN STREET 202

    General Information

    Standard status
    Active
    Size
    1,426 SF
    Lot size
    1.27 Acres
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    2016

    We can help!

    Listing Contact
    Rebecca Wellborn
    Rebecca Wellborn

    Listing agent Rebecca Wellborn License #3237332

    Listing office COASTAL PROPERTIES GROUP INTERNATIONAL

    Listing date Mar 23, 2026

    Source Exitrealty

    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 COASTAL PROPERTIES GROUP INTERNATIONAL

    Overview

    Luxury Condo Near Dunedin Marina

    This Victoria Place condo offers award-winning construction and luxury finishes. The building is located steps from the Dunedin Marina, St Joseph's Sound, shops, restaurants, bars, breweries, the Pinellas Trail, and annual events. The building has never flooded. The ground floor hosts boutiques, art galleries, and eateries. The secure, pet-friendly building features an elevator from the lobby to the residences. This end unit has extra windows providing natural light. The gourmet kitchen includes a large island and a butler's pantry. The dining area and living room are designed for entertaining. The primary bedroom has an ensuite bath with an oversized shower and two walk-in closets. The second bedroom can serve as an office or den. A guest bath and laundry room complete the interior. The unit includes an 18 x 6 covered terrace. It also comes with two covered parking spots in the gated garage, and a secure, air-conditioned storage space suitable for bikes and beach chairs. The property size is 1426 square feet.
    Location Intelligence

    Current Use by Public Records

    The Thorn Collection with ... Real Estate Agency Beach Couture Fashion ... Clothing Store Painted Fish Gallery Art Gallery Ice&Cream Creamery Grocery & Convenience Store Dunedin Gallery Art Gallery

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dunedin
    County
    Pinellas
    State
    Florida
    Longitude
    -82.79113
    Latitude
    28.012707

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    FAQs

    What type of property is this?
    Residential income property - Rare condo with luxury finishes near shops and restaurants.
    Where is this residential income property located?
    The property is located at 200 MAIN STREET 202 Dunedin, FL.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Prime Location: Steps from Dunedin Marina, St Joseph's Sound, shops, restaurants, Pinellas Trail, and events.; Rare End Unit: Flooded with natural light due to extra windows.; Gourmet Kitchen: Features a large island and butler's pantry.
    (727) 493-1555
    We can help!
    Listing Contact
    Rebecca Wellborn
    Rebecca Wellborn
    Real Estate License ID: 3237332
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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