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25471193
25471192

265 Causeway Blvd, Dunedin, FL 34698

WP
BK3043989
Palm Life Realty
Listed by Palm Life Realty
$18,000,000
315 days on market
Updated 1 day ago

🌴 265 Causeway – Premier Shovel-Ready Coastal Community

Details
Property Type Hospitality, Land (+3)
Sub Type Hotel, Residential (+1)
Units 14
Pro-Forma Cap Rate 12.6%
Pro-Forma NOI $2,267,640
Broker Co-Op Yes
Class A
Year Built 2026
Buildings 3
Stories 4
Acreage 1.050
Zoning FX-M
Investment Type Redevelopment
Sale Condition 1031 exchange

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.

Listing Contacts

WP
BK3043989
Palm Life Realty
Listed by Palm Life Realty

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