946 Virginia St #107 · Dunedin, FL 34698

$160,000

2 bd · 1.0 ba · 1,010 sqft · Condo public records · 47 Days on market

Built 1975 $734/mo HOA · 35% of rent

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +8.6/30.0
• 1% rule +8.0/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +4.3/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• DSCR +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to coastal paradise in the heart of Dunedin! Nestled within the serene 55+ community of Heather Lake, this delightful first-floor condo offers a picturesque view of the tranquil pond, setting the stage for relaxed living at its finest. Your journey begins with a charming courtyard, welcoming you just moments from your covered parking spot. Step into this inviting 2-bedroom, 1-bathroom home boasting over 1,000 square feet of tastefully designed space. A seamlessly open floor plan connects the kitchen to the living room allowing ample natural light to warm the space. Savor your morning brew in the kitchen's cozy eat-in area, adorned with modern updates including sleek granite countertops and a stylish subway tile backsplash. The dining area and expansive living room, complete with an electric fireplace, provide the perfect backdrop for entertaining loved ones. Both bedrooms are the perfect size, while the remodeled bathroom exudes luxury with its marble flooring and tile accents. Step onto the screened porch, complete with hurricane shutters, and lose yourself in the tranquil pond view—a true oasis to soak in. This turnkey gem boasts newer thermopane windows and a 2021-replaced air conditioning unit, ensuring peace of mind for years to come. Heather Lake's maintenance-free lifestyle is sure to impress, with amenities including a clubhouse, heated pool, and scenic walking paths—ideal for staying active and social. Venture into downtown Dunedin, mere minutes away, to discover an array of boutique shops and dining options. Embark on outdoor adventures along the Pinellas Trail or the nearby Dunedin Causeway, leading to the renowned Honeymoon and Caladesi Islands. For added peace of mind, Mease Dunedin Hospital is conveniently located nearby. And with Clearwater Beach just a short drive south, along with premier golfing destinations like Dunedin Golf Course and Innisbrook Golf and Tennis Resort, every day offers endless possibilities for exploration and relaxation. Don't let this opportunity slip away—schedule your viewing today and immerse yourself in the coastal charm and vibrant lifestyle of Heather Lake! Your slice of paradise awaits.

Key facts

• Fountain backdrop
• Active clubhouse
• First floor unit

Tags

• FIRST FLOOR UNIT
• SCREENED IN PATIO
• POND VIEWS
• FOUNTAIN BACKDROP
• HEATED POOL
• ACTIVE CLUBHOUSE

Property features AI

Finance

• Other: Lease restrictions apply
• Financial info: Total monthly fees reported $734 (total annual fees $8,808)
• HOA & community: Monthly association fee of $610 (includes cable TV, internet, insurance, management, maintenance of structure and grounds, pest control, pool, sewer, trash, water, common area taxes, escrow reserves and recreational facilities); Additional monthly maintenance amount of $124; Association approval required; Association amenities include clubhouse, pool, laundry, maintenance, recreation facilities and shuffleboard court; Community features include clubhouse, community mailbox, deed restrictions, pool and sidewalks; Senior community; Pets not allowed; Furnished

Exterior

• Parking: Assigned covered carport (1 carport space); Guest and open parking available
• Security: Lobby key required (association amenity)
• Utilities: Public water; Public sewer; Cable available/connected; Electricity available; Water connected; Sewer connected
• Home design: Residential condominium; One-level unit in a 3-story building; Unit faces northeast; Completed condition
• Construction: Block and stucco construction; Concrete roof; Slab foundation; Built as part of Building J
• Exterior features: Covered, enclosed and screened patios/porches (front, rear and porch areas); Covered patio; Patio and porch space; Outdoor lighting; Outdoor grill; Sidewalks; Sliding doors; Irrigation equipment; Mature landscaping with trees

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms (located on first floor)
• Flooring: Carpet; Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; High ceilings; Open floorplan with living/dining combo; Solid wood cabinets; Stone counters; Thermostat; Blinds; ENERGY STAR qualified insulated windows; Elevator in building; Decorative electric freestanding fireplace in living room
• Laundry & utility: Community laundry room / common area laundry

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $160k.

Deal economics

• At list price, monthly cash flow is $-138 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $136k (15.3% below list).
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $136k (15.3% below list) — sets the bar for cash-flow.
• Cap rate 5.3% vs local median 2.8% in Dunedin — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 86/100 on livability (#15 in FL, #411 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, housing A+; Watch: employment C-, amenities D.
• Pinellas (suburban): math 51% / reading 51% proficiency, ranked #31 of 73 in FL (top 42%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+2.7%/yr); 478 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• This rent runs 34% of the median local income ($74k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Pinellas County population projected at +14% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 47 days — a 3% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 35% of rent.
• Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $135,569 (15.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 47 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
3. Built in 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.30% ✓
• Cap rate: 5.26%
• Cash-on-cash: -3.70%
• DSCR: 0.84
• GRM: 6.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.69% rent growth · sell at horizon

5-year hold

• IRR: -22.7%
• Equity multiple: 0.22×
• Total profit: $-34,937
• Equity at exit: $23,857

10-year hold

• IRR: -17.5%
• Equity multiple: 0.05×
• Total profit: $-42,593
• Equity at exit: $13,834

Cash invested: $44,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 34698

• Rents YoY: 2.7%
• Active inventory: 478
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $2,072 high
• Mortgage (P&I): −$839
• Tax from tax record: −$136 /mo · $1,628/yr
• Insurance: −$67
• HOA: −$734
• Vacancy / Maint / Mgmt: −$435
• Net cashflow: $-138

Break-even live

Break-even rent $2,247

Max offer price $135,569

Occupancy floor —

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
841 Patricia Ave #103 Dunedin, FL	2.0	1.0	874	$2,000	$2.29	24d	1	0.11mi
841 Patricia Ave Dunedin, FL	2.0	1.0–2.0	904	$1,950	$2.16	16d	2	0.11mi
920 Lakewood Dr Dunedin, FL	3.0	2.0	1457	$3,000	$2.06	24d	1	0.25mi
1196 Angle Rd Dunedin, FL	1.0	1.0	700	$1,675	$2.39	4d	1	0.34mi
1268 Pinehurst Rd Dunedin, FL	1.0	1.0	1080	$1,500	$1.39	16d	1	0.47mi
556 Patricia Ave Dunedin, FL	2.0	1.0	850	$1,795	$2.11	4d	1	0.47mi
978 Cedarwood Ave Dunedin, FL	2.0	1.0	1100	$1,800	$1.64	24d	1	0.52mi
857 Lyndhurst St Unit D Dunedin, FL	2.0	2.0	1050	$1,700	$1.62	17d	1	0.57mi
825 Lyndhurst St Dunedin, FL	2.0	2.0	900	$1,850	$2.06	4d	1	0.61mi
825 Lyndhurst St Dunedin, FL	2.0	2.0	900	$1,850	$2.06	24d	1	0.61mi
1388 Robin Hood Ln Unit 1141-B Dunedin, FL	2.0	1.0	1000	$1,595	$1.59	2d	1	0.62mi
1141 San Christopher Dr Apt B Dunedin, FL	2.0	1.0	1000	$1,595	$1.59	2d	1	0.63mi
1187 Bass Blvd Unit A Dunedin, FL	2.0	1.0	850	$1,850	$2.18	24d	1	0.63mi
1187 Bass Blvd Unit C Dunedin, FL	2.0	1.0	850	$1,850	$2.18	17d	1	0.63mi
526 Belmist Ct Dunedin, FL	3.0	2.0	1480	$2,700	$1.82	24d	1	0.64mi
612 Bass Ct Dunedin, FL	1.0–2.0	1.0	698	$2,031	$2.91	1d	6	0.64mi
1235 Bass Blvd Dunedin, FL	3.0	2.0	1300	$2,550	$1.96	17d	1	0.68mi
580 Skinner Blvd Unit 4 Dunedin, FL	2.0	1.0	750	$2,045	$2.73	24d	1	0.69mi
1412 Gladys Cir Unit 1466152P Dunedin, FL	3.0	2.0	1097	$3,847	$3.51	3d	1	0.71mi
2701 Dunedin Commons Pl Dunedin, FL	1.0–2.0	1.0–2.0	887	$2,710	$3.05	3d	12	0.74mi
660 Beltrees St Dunedin, FL	1.0–3.0	1.0–1.5	905	$1,385	$1.53	7d	2	0.74mi
1479 Ruth Rd Dunedin, FL	2.0	2.0	1235	$2,700	$2.19	24d	1	0.75mi
941 Highland Ave Unit D Dunedin, FL	1.0	1.0	1000	$1,300	$1.30	20d	1	0.75mi
525 Bay St Dunedin, FL	2.0	1.0	1104	$3,500	$3.17	4d	1	0.77mi
690 Regina Rd Dunedin, FL	2.0	1.0	745	$2,195	$2.95	4d	1	0.80mi
613 Lyndhurst St Dunedin, FL	3.0	2.0	1080	$1,995	$1.85	10d	1	0.80mi
611 Lyndhurst St Dunedin, FL	3.0	2.0	1080	$1,995	$1.85	4d	1	0.80mi
1525 Ruth Rd Dunedin, FL	2.0	2.0	1379	$3,200	$2.32	4d	1	0.82mi
609 Dogwood Ct Unit 609 Dunedin, FL	2.0	1.0	725	$1,850	$2.55	24d	1	0.83mi
451 Skinner Blvd Unit A Dunedin, FL	2.0	1.0	750	$1,500	$2.00	7d	1	0.84mi
152 Macalpine Way Dunedin, FL	1.0–3.0	1.0–2.5	943	$2,084	$2.21	1d	42	0.87mi
1580 Andover Dr Unit House Dunedin, FL	2.0	1.0	1241	$2,200	$1.77	24d	1	0.87mi
257 Milwaukee Ave Dunedin, FL	1.0–2.0	1.0–1.5	889	$1,460	$1.64	1d	9	0.92mi
2251 Springwood Cir W Clearwater, FL	3.0	2.0	1344	$3,100	$2.31	24d	1	0.99mi
600 Douglas Ave Unit 350 Dunedin, FL	2.0	1.0	1000	$2,195	$2.19	24d	1	1.00mi
1005 Egret Ct Dunedin, FL	2.0	2.0	996	$1,400	$1.41	4d	1	1.06mi
405 Locklie St Unit 4055A Dunedin, FL	2.0	1.0	750	$1,695	$2.26	4d	1	1.07mi
541 Roanoke St Dunedin, FL	2.0	2.0	912	$2,345	$2.57	13d	1	1.20mi
662 Union St Unit 1A Dunedin, FL	3.0	1.0	1100	$1,749	$1.59	21d	1	1.24mi
1515 County Road 1 Dunedin, FL	1.0–2.0	1.0	719	$1,750	$2.43	7d	1	1.27mi

HOA detail condo

• Monthly dues: $734 · $8,808/yr
• Likely covers: waterelectricpool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 23 events

1. 2026-06-18
   days on market $160,000 Active 47 DOM
2. 2026-06-17
   pricedays on market $160,000 Active 46 DOM
3. 2026-06-16
   days on market $170,000 Active 45 DOM
4. 2026-06-15
   days on market $170,000 Active 44 DOM
5. 2026-06-13
   days on market $170,000 Active 42 DOM
6. 2026-06-09
   days on market $170,000 Active 38 DOM
7. 2026-06-08
   days on market $170,000 Active 37 DOM
8. 2026-06-07
   days on market $170,000 Active 36 DOM
9. 2026-06-04
   days on market $170,000 Active 33 DOM
10. 2026-06-03
    days on market $170,000 Active 32 DOM
11. 2026-06-01
    days on market $170,000 Active 30 DOM
12. 2026-05-31
    days on market $170,000 Active 29 DOM
13. 2026-05-02
    listed $170,000 Active
14. 2024-08-12
    soldstatus $179,000
15. 2024-08-01
    soldstatus $179,000 Closed 2195-char remark

    Show marketing remark (2195 chars)

    Welcome to coastal paradise in the heart of Dunedin! Nestled within the serene 55+ community of Heather Lake, this delightful first-floor condo offers a picturesque view of the tranquil pond, setting the stage for relaxed living at its finest. Your journey begins with a charming courtyard, welcoming you just moments from your covered parking spot. Step into this inviting 2-bedroom, 1-bathroom home boasting over 1,000 square feet of tastefully designed space. A seamlessly open floor plan connects the kitchen to the living room allowing ample natural light to warm the space. Savor your morning brew in the kitchen's cozy eat-in area, adorned with modern updates including sleek granite countertops and a stylish subway tile backsplash. The dining area and expansive living room, complete with an electric fireplace, provide the perfect backdrop for entertaining loved ones. Both bedrooms are the perfect size, while the remodeled bathroom exudes luxury with its marble flooring and tile accents. Step onto the screened porch, complete with hurricane shutters, and lose yourself in the tranquil pond view—a true oasis to soak in. This turnkey gem boasts newer thermopane windows and a 2021-replaced air conditioning unit, ensuring peace of mind for years to come. Heather Lake's maintenance-free lifestyle is sure to impress, with amenities including a clubhouse, heated pool, and scenic walking paths—ideal for staying active and social. Venture into downtown Dunedin, mere minutes away, to discover an array of boutique shops and dining options. Embark on outdoor adventures along the Pinellas Trail or the nearby Dunedin Causeway, leading to the renowned Honeymoon and Caladesi Islands. For added peace of mind, Mease Dunedin Hospital is conveniently located nearby. And with Clearwater Beach just a short drive south, along with premier golfing destinations like Dunedin Golf Course and Innisbrook Golf and Tennis Resort, every day offers endless possibilities for exploration and relaxation. Don't let this opportunity slip away—schedule your viewing today and immerse yourself in the coastal charm and vibrant lifestyle of Heather Lake! Your slice of paradise awaits.

16. 2024-06-29
    status Pending 2195-char remark

    Show marketing remark (2195 chars)

    Welcome to coastal paradise in the heart of Dunedin! Nestled within the serene 55+ community of Heather Lake, this delightful first-floor condo offers a picturesque view of the tranquil pond, setting the stage for relaxed living at its finest. Your journey begins with a charming courtyard, welcoming you just moments from your covered parking spot. Step into this inviting 2-bedroom, 1-bathroom home boasting over 1,000 square feet of tastefully designed space. A seamlessly open floor plan connects the kitchen to the living room allowing ample natural light to warm the space. Savor your morning brew in the kitchen's cozy eat-in area, adorned with modern updates including sleek granite countertops and a stylish subway tile backsplash. The dining area and expansive living room, complete with an electric fireplace, provide the perfect backdrop for entertaining loved ones. Both bedrooms are the perfect size, while the remodeled bathroom exudes luxury with its marble flooring and tile accents. Step onto the screened porch, complete with hurricane shutters, and lose yourself in the tranquil pond view—a true oasis to soak in. This turnkey gem boasts newer thermopane windows and a 2021-replaced air conditioning unit, ensuring peace of mind for years to come. Heather Lake's maintenance-free lifestyle is sure to impress, with amenities including a clubhouse, heated pool, and scenic walking paths—ideal for staying active and social. Venture into downtown Dunedin, mere minutes away, to discover an array of boutique shops and dining options. Embark on outdoor adventures along the Pinellas Trail or the nearby Dunedin Causeway, leading to the renowned Honeymoon and Caladesi Islands. For added peace of mind, Mease Dunedin Hospital is conveniently located nearby. And with Clearwater Beach just a short drive south, along with premier golfing destinations like Dunedin Golf Course and Innisbrook Golf and Tennis Resort, every day offers endless possibilities for exploration and relaxation. Don't let this opportunity slip away—schedule your viewing today and immerse yourself in the coastal charm and vibrant lifestyle of Heather Lake! Your slice of paradise awaits.

17. 2024-06-07
    price $179,000 2195-char remark

    Show marketing remark (2195 chars)

    Welcome to coastal paradise in the heart of Dunedin! Nestled within the serene 55+ community of Heather Lake, this delightful first-floor condo offers a picturesque view of the tranquil pond, setting the stage for relaxed living at its finest. Your journey begins with a charming courtyard, welcoming you just moments from your covered parking spot. Step into this inviting 2-bedroom, 1-bathroom home boasting over 1,000 square feet of tastefully designed space. A seamlessly open floor plan connects the kitchen to the living room allowing ample natural light to warm the space. Savor your morning brew in the kitchen's cozy eat-in area, adorned with modern updates including sleek granite countertops and a stylish subway tile backsplash. The dining area and expansive living room, complete with an electric fireplace, provide the perfect backdrop for entertaining loved ones. Both bedrooms are the perfect size, while the remodeled bathroom exudes luxury with its marble flooring and tile accents. Step onto the screened porch, complete with hurricane shutters, and lose yourself in the tranquil pond view—a true oasis to soak in. This turnkey gem boasts newer thermopane windows and a 2021-replaced air conditioning unit, ensuring peace of mind for years to come. Heather Lake's maintenance-free lifestyle is sure to impress, with amenities including a clubhouse, heated pool, and scenic walking paths—ideal for staying active and social. Venture into downtown Dunedin, mere minutes away, to discover an array of boutique shops and dining options. Embark on outdoor adventures along the Pinellas Trail or the nearby Dunedin Causeway, leading to the renowned Honeymoon and Caladesi Islands. For added peace of mind, Mease Dunedin Hospital is conveniently located nearby. And with Clearwater Beach just a short drive south, along with premier golfing destinations like Dunedin Golf Course and Innisbrook Golf and Tennis Resort, every day offers endless possibilities for exploration and relaxation. Don't let this opportunity slip away—schedule your viewing today and immerse yourself in the coastal charm and vibrant lifestyle of Heather Lake! Your slice of paradise awaits.

18. 2024-03-02
    price $190,000 2195-char remark

    Show marketing remark (2195 chars)

    Welcome to coastal paradise in the heart of Dunedin! Nestled within the serene 55+ community of Heather Lake, this delightful first-floor condo offers a picturesque view of the tranquil pond, setting the stage for relaxed living at its finest. Your journey begins with a charming courtyard, welcoming you just moments from your covered parking spot. Step into this inviting 2-bedroom, 1-bathroom home boasting over 1,000 square feet of tastefully designed space. A seamlessly open floor plan connects the kitchen to the living room allowing ample natural light to warm the space. Savor your morning brew in the kitchen's cozy eat-in area, adorned with modern updates including sleek granite countertops and a stylish subway tile backsplash. The dining area and expansive living room, complete with an electric fireplace, provide the perfect backdrop for entertaining loved ones. Both bedrooms are the perfect size, while the remodeled bathroom exudes luxury with its marble flooring and tile accents. Step onto the screened porch, complete with hurricane shutters, and lose yourself in the tranquil pond view—a true oasis to soak in. This turnkey gem boasts newer thermopane windows and a 2021-replaced air conditioning unit, ensuring peace of mind for years to come. Heather Lake's maintenance-free lifestyle is sure to impress, with amenities including a clubhouse, heated pool, and scenic walking paths—ideal for staying active and social. Venture into downtown Dunedin, mere minutes away, to discover an array of boutique shops and dining options. Embark on outdoor adventures along the Pinellas Trail or the nearby Dunedin Causeway, leading to the renowned Honeymoon and Caladesi Islands. For added peace of mind, Mease Dunedin Hospital is conveniently located nearby. And with Clearwater Beach just a short drive south, along with premier golfing destinations like Dunedin Golf Course and Innisbrook Golf and Tennis Resort, every day offers endless possibilities for exploration and relaxation. Don't let this opportunity slip away—schedule your viewing today and immerse yourself in the coastal charm and vibrant lifestyle of Heather Lake! Your slice of paradise awaits.

19. 2024-02-15
    listed $200,000 Active 2195-char remark

    Show marketing remark (2195 chars)

    Welcome to coastal paradise in the heart of Dunedin! Nestled within the serene 55+ community of Heather Lake, this delightful first-floor condo offers a picturesque view of the tranquil pond, setting the stage for relaxed living at its finest. Your journey begins with a charming courtyard, welcoming you just moments from your covered parking spot. Step into this inviting 2-bedroom, 1-bathroom home boasting over 1,000 square feet of tastefully designed space. A seamlessly open floor plan connects the kitchen to the living room allowing ample natural light to warm the space. Savor your morning brew in the kitchen's cozy eat-in area, adorned with modern updates including sleek granite countertops and a stylish subway tile backsplash. The dining area and expansive living room, complete with an electric fireplace, provide the perfect backdrop for entertaining loved ones. Both bedrooms are the perfect size, while the remodeled bathroom exudes luxury with its marble flooring and tile accents. Step onto the screened porch, complete with hurricane shutters, and lose yourself in the tranquil pond view—a true oasis to soak in. This turnkey gem boasts newer thermopane windows and a 2021-replaced air conditioning unit, ensuring peace of mind for years to come. Heather Lake's maintenance-free lifestyle is sure to impress, with amenities including a clubhouse, heated pool, and scenic walking paths—ideal for staying active and social. Venture into downtown Dunedin, mere minutes away, to discover an array of boutique shops and dining options. Embark on outdoor adventures along the Pinellas Trail or the nearby Dunedin Causeway, leading to the renowned Honeymoon and Caladesi Islands. For added peace of mind, Mease Dunedin Hospital is conveniently located nearby. And with Clearwater Beach just a short drive south, along with premier golfing destinations like Dunedin Golf Course and Innisbrook Golf and Tennis Resort, every day offers endless possibilities for exploration and relaxation. Don't let this opportunity slip away—schedule your viewing today and immerse yourself in the coastal charm and vibrant lifestyle of Heather Lake! Your slice of paradise awaits.

20. 2023-09-27
    historical
21. 2023-03-27
    listed $199,900 Active
22. 2001-04-10
    soldstatus $39,900
23. 1989-02-22
    soldstatus $35,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $1,628 · $136/mo
• Projected year-2 tax: $1,628 · $136/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (shaded) · 24% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 26 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,867
• − Mortgage interest: −$8,962
• − Property taxes: −$1,628
• − Insurance: −$800
• − Repairs & maintenance: −$1,989
• − Management: −$1,989
• − HOA: −$8,808
• − Depreciation: −$4,655
• Taxable loss: −$3,965
• Est. tax savings @ 24.0%: +$951
• After-tax cash flow: $-708/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Pinellas
• NCES district ID: 1201560
• Math proficiency: 51% ▼ -5.00%
• Reading proficiency: 51% ▼ -3.00%
• Median HH income: $46,270
• Composite: 43.27/100
• National rank: #3046
• State rank: #31 of 73 in FL

Livability — Dunedin

• Score: 86/100
• State rank: #15
• US rank: #411

Category grades

Amenities D Commute A+ Cost of living A Crime A+ Employment C- Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Dunedin, FL
• County: Pinellas County · 939,478 people
• City population: 38,171
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 38,171
• Household income: $74,078
• Rent vs Own: 26.6% rent · 73.4% own
• Severe rent burden: 1390.0

Population outlook (Pinellas County) Hauer SSP2

• Today (2025): 1,027,532 people
• By 2030: 1,063,586 · +3.5%
• By 2040: 1,125,020 · +9.5%
• By 2050: 1,168,637 · +13.7%
• By 2075: 1,265,188 · +23.1%
• By 2100: 1,260,357 · +22.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (83%)
• Race & ethnicity: White 83% Two or more races 7% Hispanic / Latino 6% Black 5% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Lithuanian 4% Slovak 3% Romanian 3%
• Foreign-born: 8% · Canada, South Korea
• Languages at home: 92% English-only · Spanish 3% Other Indo-European 2% Russian/Polish/Slavic 1%

Political lean MEDSL · Pinellas

• 2024 margin: Lean R (+5.2) · D 46.9% · R 52.1%
• 2008→2024 swing: -13.5pp toward R · 2008: 8.3pp · 2024: -5.2pp
• All cycles: 2024: R+5.2 2020: D+0.2 2016: R+1.1 2012: D+5.6 2008: D+8.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -515.66%
• Current HPI: 387.4694
• Rent YoY: ▲ 2.69%
• Metro: Tampa-St. Petersburg-Clearwater, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+373.5% since first listed

11 events — show timeline

• 2026-05-02 Listed $170,000 Stellar MLS as Distributed by MLS Grid
• 2024-08-12 Sold (Public Records) $179,000 Public Records
• 2024-08-01 Sold (MLS) $179,000 Stellar MLS as Distributed by MLS Grid
• 2024-06-29 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-06-07 Price Changed $179,000 Stellar MLS as Distributed by MLS Grid
• 2024-03-02 Price Changed $190,000 Stellar MLS as Distributed by MLS Grid
• 2024-02-15 Listed $200,000 Stellar MLS as Distributed by MLS Grid
• 2023-09-27 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2023-03-27 Listed $199,900 Stellar MLS as Distributed by MLS Grid
• 2001-04-10 Sold (Public Records) $39,900 Public Records
• 1989-02-22 Sold (Public Records) $35,900 Public Records

Property tax history

+5.6%/yr

Latest (2025): $1,628 · -24.6% YoY. Source: county tax records.