1136 Douglas Ave Dunedin, FL 34698

Rare MF-15 zoned development opportunity in the heart of Dunedin, directly fronting the Pinellas Trail and backing to a city park-one of the most desirable infill locations in Pinellas County. This ±0.43-acre assemblage (approximately 37,052 SF) consists of the north portions of Lots 1-4, Block 6, together with a fee-owned, vacated public right-of-way, creating a large, buildable site with flexible layout potential. The vacated right-of-way is part of the ownership and fully usable for development, enhancing site efficiency beyond typical Dunedin infill parcels. The property is surrounded by successful multifamily, residential, and mixed-use development, reinforcing both market demand and long-term value. Major advantage: The owner has met with the City of Dunedin, and up to four (4) multifamily units may be developed by right without the need for a City Development Order, resulting in significant time and cost savings. This streamlined approval path is rare in Dunedin and materially improves project feasibility and speed to vertical construction. The MF-15 zoning district allows up to 15 units per acre, with building heights up to 50 feet / 5 stories (subject to code and design review). Setback standards and dimensional criteria support efficient site planning, ideal for townhomes, boutique multifamily, or luxury rental units. Developers may also explore elevated or upper-level designs, which could capture possible water views depending on unit configuration. The site's direct Pinellas Trail frontage creates a premium lifestyle appeal-walk or bike directly to Downtown Dunedin, local breweries, restaurants, shops, marina, and waterfront parks. Trail-facing units command higher rents and resale values, while the adjacent park provides permanent green space buffering and privacy-an increasingly rare combination. Utilities are in place, including public water, sewer, and electric, and the property is located within city limits on a paved, publicly maintained road. The surrounding neighborhood reflects active redevelopment momentum, including multifamily and mixed-use projects, further validating the site's highest and best use. This offering is ideal for a developer or investor seeking a "ready-to-build" Dunedin project with zoning certainty, reduced entitlement risk, and exceptional location fundamentals. This extremely rare opportunity combines MF-15 zoning, trail frontage, park adjacency, downtown proximity, and development-order exemption in one package. Sold for land value only. No access to the existing home until under contract.