Little Blue Hideaway | 719 Douglas Ave
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Little Blue Hideaway 719 Douglas Ave
4 Unit Apartment Building $2,299,000 ($574,750/Unit) 7.44% Cap Rate Dunedin, FL 34698
Investment Highlights
- Highly Favorable DC Zoning, Allowing for Transient Use / Short-Term Rentals (Short-Term = Less than 90-days / 3 Months - City of Dunedin)
- Rare Newly Built, Pristine Vacation Rental Property in Downtown Dunedin, FL
- Within Steps of Main Street, the Downtown Market & Dunedin’s Top Restaurants, Breweries, Shops & Activities
- Limited Competition Due to Restrictive Short-Term Rental Zoning—High Barrier to Entry Market
- 2021 Construction Buildings w/ Loft Style Units, Towering Ceilings & Open Concept Floorplans
- Perfectly Positioned in a Non-Flood Zone & within an 8-Minute Walk of the Waterfront
Executive Summary
The Multifamily Firm is pleased to present the Little Blue Hideaway, a rare newly built vacation rental property in downtown Dunedin, Florida. Constructed in 2021, the property consists of 4 two-story buildings, each with a loft-style unit, and features towering ceilings, an open-concept floorplan, private outdoor porch, balcony, or patio, private driveway with dedicated parking and a tranquil in-ground swimming pool surrounded by lush tropical landscaping. Additionally, the units are furnished with modern coastal chic décor and enhanced by large windows that flood the space with natural light.
The Little Blue Hideaway is ideally positioned in a non-flood zone, just a short walk from the waterfront, and in the highly demanded “Downtown Core” zoning district, which is one of the few districts in Dunedin that allows transient use / short-term rentals (Defined as Less than 90-days/3 Months in Dunedin). Additionally, the property is just steps from Main Street, the downtown market and many of Dunedin’s best restaurants, breweries, shops and activities!
View OFFERING MEMORANDUM for full details at MultifamilyFirm.com
The Little Blue Hideaway is ideally positioned in a non-flood zone, just a short walk from the waterfront, and in the highly demanded “Downtown Core” zoning district, which is one of the few districts in Dunedin that allows transient use / short-term rentals (Defined as Less than 90-days/3 Months in Dunedin). Additionally, the property is just steps from Main Street, the downtown market and many of Dunedin’s best restaurants, breweries, shops and activities!
View OFFERING MEMORANDUM for full details at MultifamilyFirm.com
Property Facts
| Price | $2,299,000 | Building Class | B |
| Price Per Unit | $574,750 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 3,565 SF |
| Cap Rate | 7.44% | No. Stories | 2 |
| No. Units | 4 | Year Built | 2021 |
| Property Type | Multifamily | Parking Ratio | 2.81/1,000 SF |
| Property Subtype | Apartment | Corridor | Exterior |
| Apartment Style | Garden |
| Price | $2,299,000 |
| Price Per Unit | $574,750 |
| Sale Type | Investment |
| Cap Rate | 7.44% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.29 AC |
| Building Size | 3,565 SF |
| No. Stories | 2 |
| Year Built | 2021 |
| Parking Ratio | 2.81/1,000 SF |
| Corridor | Exterior |
Unit Amenities
- Air Conditioning
- Balcony
- Washer/Dryer
- Heating
- Kitchen
- Tub/Shower
Site Amenities
- 24 Hour Access
- Courtyard
- Pool
- Smoke Free
- Walking/Biking Trails
Walk Score ®
Walker's Paradise (90)
Bike Score ®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 34-28-15-89010-000-0010 | Improvements Assessment | $789,483 |
| Land Assessment | $825,517 | Total Assessment | $1,615,000 |
PROPERTY TAXES
Parcel Number
34-28-15-89010-000-0010
Land Assessment
$825,517
Improvements Assessment
$789,483
Total Assessment
$1,615,000
zoning
| Zoning Code | DC (Downtown Core - Allows for Transient Use / Short-Term Rentals) |
| DC (Downtown Core - Allows for Transient Use / Short-Term Rentals) |
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Kyle Keelan -
Phil Ginexi -
The Multifamily Firm, LLC
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Little Blue Hideaway | 719 Douglas Ave
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