

🌴 265 Causeway – Premier Shovel-Ready Coastal Community
Premier Shovel-Ready Coastal Dunedin Community
Marketing description
🌴 265 Causeway Blvd – Premier Shovel-Ready Coastal Community
Dunedin, FL | Offered at $18,000,000
12 ICF Luxury Townhomes | 7-Room Boutique Hotel | Retail Winery Space | Pool | STR-Zoned
Introducing 265 Causeway Blvd — a fully entitled, to-be-built mixed-use beachside retreat in the heart of Dunedin’s most desirable waterfront corridor. Offered as a complete land + build package, this shovel-ready development includes 12 luxury townhomes, a 7-room executive boutique hotel, a retail winery space, and a resort-style community pool, all designed with sustainable construction and premium lifestyle amenities.
Positioned just steps from the Dunedin Causeway and minutes to Honeymoon Island and Downtown Dunedin, this offering combines the earning power of short-term vacation rentals, boutique hospitality, and NNN retail income—making it a highly attractive asset for income-focused investors or developers ready to break ground.
🏡 The Townhomes:
Each of the 12 residences features over 3,747 square feet of finished space across four levels, all connected by private in-unit elevators. Highlights include:
4-car garages + private garden patios
Rooftop terraces with Gulf views (gas, electric, water-ready)
Spa-inspired owner’s suites, gourmet kitchens, open living plans
ICF construction: wind rated to 235+ mph, energy-efficient, soundproof, and solar-ready
Zoned for short-term rental or full-time residence
🏨 The Hotel:
A 7-room executive-style boutique hotel delivers elevated lodging in a market underserved by high-end accommodations. Rooms may share access to the pool amenity and offer flexibility in design and operations for STR or extended-stay formats.
🍷 The Retail Winery:
Included is a ground-floor NNN-leased retail space, with a current conceptual use as a winery or tasting room, delivering passive income and enhancing the overall lifestyle appeal of the community.
🌎 Location & Lifestyle:
Steps to the beach, kayak launches, and Pinellas Trail
Walking distance to downtown Dunedin, shops, restaurants, and breweries
Minutes to Honeymoon Island State Park
Near Clearwater Beach, Tampa International, and St. Pete-Clearwater airports
Unmatched exposure on Dunedin Causeway, a high-traffic tourism corridor
Investment highlights
đź§ľ Financial Highlights:
Total Project NOI (Stabilized): $2,627,640/year
Cap Rate at Asking Price: 15%
Projected Revenue:
Townhome STR Income: $1,662,000
Hotel Income: $905,640
NNN Retail Lease: $60,000
🏗️ Construction-Ready:
Approved Development Order
Recorded Plat with Individual Parcel IDs
Civil & Architectural Plans Completed
Hotel, Retail & Townhome Pads Ready for Vertical Construction
All utilities accessible
This is more than a real estate development—it's a destination. A rare fusion of luxury, functionality, and walkable Florida coastal lifestyle with income-generating versatility.
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