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$674,000

For Sale - Active
525 Lexington St, Dunedin, FL 34698
2 Beds
2 Baths
1,064 Square Feet
0.13 Acres Lot
Built in 2015
For Sale - Active
1 Units
Checked: 14 hours ago
Updated: May 29, 2025 at 03:39AM

Investment Summary


Monthly Cash Flow
-$1,546
Cap Rate
3.5%
Cash-on-Cash Return
-12.0%
Debt Coverage Ratio
0.56
Internal Rate of Return (5 years)
-7.6%

Property Description


0.13 Acres Lot
Built in 2015
For Sale - Active
1 Units

JUST Reduced another 26K May 26th! Seller paid $575K and has put in over $100K in upgrades since 2022! Built in 2015—where coastal luxury meets craftsman charm in the heart of Dunedin. Talk about location! You’re less than a mile to the Gulf, Downtown Dunedin, and the Toronto Blue Jays stadium. This two-bedroom, two-bath home offers thoughtful design, quality finishes, and serious curb appeal—starting with a professionally landscaped yard featuring a stately Bismarck palm, brick entry, and a wide three-car driveway. Inside, you’ll find soaring vaulted ceilings, luxury vinyl plank flooring throughout, and beautiful plantation shutters. The updated kitchen is a showstopper, featuring quartz countertops, natural stone backsplash, soft-close and roll-out cabinetry (including a lazy Susan), and high-end stainless steel appliances, including a double oven. 8-ft energy-efficient doors and windows throughout create a grand and impressive presence. The primary suite includes a custom closet system, and both bathrooms were renovated since 2022 with upscale finishes. Additional features include an inside laundry room with washer/dryer and a water softener. The metal roof adds a sleek architectural detail, and there’s even an outdoor shower for rinsing off after a beach day. Enjoy morning coffee on the charming front porch, or unwind in the private 10x20 paver patio out back. There's room for an RV with electrical hookup already in place. The shed offers additional storage and electrical service as well. Tucked in a highly desirable area of Dunedin, cruise your golf cart to Main Street’s boutiques, breweries, restaurants, and farmers market—or take in the sunset from scenic Victoria Drive overlooking St. Joseph’s Sound and Caladesi Island. Clearwater Beach and Honeymoon Island are just a short drive away. This home is high and dry—no flood insurance required! Whether you're looking for a full-time residence or a stylish second home, this is a rare gem. Style, class, and coastal luxury all wrapped into one exceptional property. Don’t forget to check out the social media reel and 3D floorplan! https://properties.homefx.com/videos/01962493-0bf7-72d0-8249-846afbc66ada

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Location


Property Details


Parking

  • Description: Driveway, Golf Cart Parking
  • Details: Driveway
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Concrete Block
  • Foundation: Slab
  • Roof Type: Gable
  • Roof Material: Metal

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 342815944460060070
  • Lot Size: 5719 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Bungalow, Craftsman
  • Year Built: 2015

Tax Information

  • Annual Tax: $5,999

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Pinellas

Listing Details


Listed by:
Tami Jones
COMPASS FLORIDA LLC
(727) 331-9515

Source:
Stellar MLS
MLS#: TB8373360
Stellar MLS

Investment Summary


Monthly Cash Flow
-$1,546
Cap Rate
3.5%
Cash-on-Cash Return
-12.0%
Debt Coverage Ratio
0.56
Internal Rate of Return (5 years)
-7.6%

Purchase Details

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Purchase price:
$674,000
Amount financed:
-$539,200
Down payment:
$134,800
Closing costs:
$20,220
Rehab costs:
$0
Initial cash invested:
$155,020
Square feet:
1,064
Cost per square foot:
$633
Monthly rent per square foot:
$3.38

Financing Details

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Loan amount:
$539,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$3,530
Property tax:
$500
Insurance:
$252
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,282

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,600 $43,200
Vacancy loss: (6%)
6% -$216 -$2,592
Operating income:
$3,384 $40,608

Operating Expenses


% Rent Monthly Yearly
Property taxes: (14%)
14%-$500-$5,999
Insurance: (7%)
7%-$252-$3,024
Property management: (8%)
8%-$288-$3,456
Repairs & maintenance: (5%)
5%-$180-$2,160
Capital expenditures: (5%)
5%-$180-$2,160
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (39%)
39%-$1,400-$16,799

Cash Flow


Monthly Yearly
Net operating income:
$1,984 $23,808
Mortgage payments:
-$3,530 -$42,360
Cash flow:
$1,546 $18,552