$489,000
548 Bay Street
Dunedin, FL 34698
Listing updated: June 13, 2026 at 7:25 PM ET
Listing courtesy of Real Broker, Llc · Donald Hathaway, III · MLS #TB8500731 · Pending · 855-450-0442Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Under contract-accepting backup offers. 548 Bay St isn't your typical Dunedin, FL listing. It's two complete homes on one lot, not in a flood zone, and an 8-minute walk to Downtown Dunedin's restaurants, breweries, Friday night live music and the Gulf. The main house is a 2-bed, 1-bath bungalow in one of Pinellas County's most walkable neighborhoods. The detached accessory dwelling unit (ADU), built in 2022, functions as a private guest house or in-law suite with its own bedroom, full bath, living area, and kitchenette, and rents between $1,400-$2,000/month depending on the season, making it a turn-key income producer from day one. Both units allow 90-day minimum rentals, and owner-occupants of the main house can apply for a conditional use permit to unlock short-term rental income from the ADU, a rare setup in one of Florida's top vacation destinations. Six minutes to the Pinellas Trail, minutes to Honeymoon Island and the Gulf, and close to Blue Jays Spring Training, the Fenway Hotel, and Dunedin Golf Club. Two storage sheds handle the bikes, kayaks, and beach gear, and the spacious backyard is a blank canvas for whatever outdoor life you're envisioning. The front yard boasts a low maintenance native Florida garden. Two-home properties this close to downtown, outside the flood zone, almost never come to market in Dunedin, FL. Whether you're looking for your forever home, an investment property, multi-generational family living, or simply a home with built-in income, 548 Bay St delivers something genuinely hard to find. Recent improvements include A/C in 2025, hot water heater in 2022, kitchen appliances in 2024. Schedule your private showing today. Opportunities like this in Dunedin don't last.
Local Insight
At $372/sqft for a 1957 home, you're paying a premium for location in desirable Dunedin rather than getting updated bones—the in-law suite adds rental potential, but factor in that this older property will likely need mechanical and systems work soon. The tight 0.15-acre lot means limited expansion options, though the X flood zone designation is a significant advantage if you're comparing to nearby waterfront properties that carry flood insurance costs. The real question is whether the walkable Dunedin location and income-generating suite potential justify passing on a newer or larger property at this price point.
AI-generated insight based on listing data and neighborhood context. Verify independently.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history51 days on market
- Status: PendingJun 13, 2026
- Listed$525,000Apr 23, 2026
- Price reduced$489,000
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Pending
- Days on market
- 51
- Subdivision
- Foree Sub
- County
- Pinellas
- Year built
- 1957
- Living area
- 1,316 sq ft
- Price/sq ft
- $372
- Building area
- 1,436 sq ft (Public Records)
- Lot size
- 6,612 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- X (12103C0068H)
- Annual taxes
- $7,719 (2025)
- Parcel #
- 27-28-15-28854-000-0030
- MLS #
- TB8500731
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Interior Details
- Bedrooms
- 3
- Full bathrooms
- 2
- Flooring
- Tile, Vinyl
- Appliances
- Dishwasher, Microwave, Range, Refrigerator
- Interior features
- Kitchen/Family Room Combo, Solid Surface Counters, Thermostat
- Laundry
- Laundry Room
- Stories / Levels
- One
- Direction faces
- South
- In-law suite
- Yes
Heating & Cooling
- Heating
- Electric, Heat Pump
- Cooling
- Central Air, Mini-Split Unit(s)
Parking
- Attached garage
- No
- Parking features
- Driveway
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Homestead exemption
- Yes
- Min lease term
- 3 Months
- Listing terms
- Cash, Conventional, FHA, VA Loan
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- Yes
- Additional lease restrictions
- Currently zone for at least 90 day rentals. Check with city of Dunedin for approval process to allow for Short Term Rentals for the ADU
- Approval process
- See City of Dunedin for approval process
Exterior & Construction
- Exterior features
- Garden, Private Entrance, Sidewalk, Storage
- Construction materials
- Frame, Wood Siding
- Roof
- Shingle
- Foundation
- Stem Wall
- Road surface
- Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Cable Connected, Electricity Connected, Sewer Connected
Community
- Pets allowed
- Yes
Schools
Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Living Room | First | 11x15 |
| Kitchen | First | 11x8 |
| Primary Bedroom | First | 11x16 |
| Bedroom 2 | First | |
| Bonus Room | First | 10x9 |
Listing Details
- Listing date
- 2026-04-22
- On market date
- 2026-04-23
- Original list price
- $525,000
- Occupant type
- Owner
- MLS area
- 34698 - Dunedin
- Listing AOR
- Orlando Regional
- Status changed
- 2026-06-13
- Tax legal description
- FOREE SUB LOT 3
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
heading south on Alt 19 turn East on Skinner Blvd, then left on MLK Jr Ave, Right on Bay St, Home is on the left.
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IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of June 13, 2026 at 7:25 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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