1380 Pinehurst Rd - Approved 21-Unit Townhome Community 1.02 Acres of Commercial Land Offered at $2,870,000 in Dunedin, FL 34698

Approved 21-Unit Coastal Short Term Rental Townhome Development – Dunedin, Florida
Azul Ave presents a rare opportunity to acquire a fully approved, architecturally designed 21-unit coastal townhome community in one of Pinellas County’s most desirable markets. Located at 1380 Pinehurst Road within Dunedin’s Golf Cart District, the ±1.02-acre site has received development approval and has completed site planning, architectural design, landscape design, and engineering coordination.
This is not speculative land. This is a development-ready project with substantial entitlement and design risk already mitigated.
PROJECT OVERVIEW
The approved plan consists of 21 two-bedroom plus large office with closet, three full bathroom coastal vernacular townhomes designed specifically for short-term rental, seasonal housing, boutique build-to-rent operation, complete sell-off or a mix of sell and hold. The units include nineteen 1,377 SF units and two 1,445 SF end units. Each unit features covered parking, open-concept living areas, and architectural elements consistent with Dunedin’s coastal character. The design incorporates metal roofing, Bahama shutters and deep overhangs consistent with Dunedin coastal vernacular architecture.
SITE & AMENITIES
The site plan includes:
• Resort-Style Pool Area with Pavilion
• Office/Leasing Component
• Shaded Community Seating Areas
• Private Quiet Walkways Around Perimeter
• 2 Covered Parking Spaces per Unit
• Private Internal Drive
• Monument Signage
• Within Dunedin's Golf Cart Mapping
All recreational and amenity components are integrated into the approved design package.
ENTITLEMENTS & APPROVAL STATUS
The project has received development approval under Dunedin’s FX-M zoning. Civil engineering, architectural plans, elevations, unit layouts, landscape plans, site drawings and digital marketing assets are available to qualified buyers.
LOCATION ADVANTAGE
Dunedin continues to experience strong residential and vacation rental demand due to:
• Limited supply of newly built coastal townhome product
• Strong Seasonal Tourism Demand
• Golf Cart to Downtown Dunedin
• Short Drive to Honeymoon Island State Park
• Bike to the Pinellas Trail
The Pinehurst corridor is surrounded by mixed-use, residential, commercial, and professional developments, positioning this project in an established and growing submarket.
DEVELOPMENT STRATEGIES
This project offers multiple exit strategies:
• Build-to-Rent / Short-Term Rental Portfolio
• Develop and operate as a boutique STR community with centralized management.
• Fee-Simple Sell-Off Strategy
• Construct and sell individual townhomes.
• Hybrid Model
• Operate stabilized rental portfolio, then sell individually.
• Forward Sale to Institutional or Private Equity Group
• Deliver as stabilized asset in high-barrier-to-entry Dunedin market.
WHY THIS OPPORTUNITY IS DIFFERENT
Many development listings offer conceptual density potential. Azul Ave offers approved density with design momentum and coordinated consultant work already completed.
A developer can step into this project and move directly toward final building permit execution without restarting entitlement from scratch.
In a coastal Florida market where entitlement timelines and neighborhood opposition can delay projects significantly, acquiring a project at this stage represents both time savings and risk reduction.
Confidential plans, approval documents, and consultant packages available upon request.