Calling all Builders & Developers! Buy land; they're not making it anymore! With approximately .3471 acres this is a Downtown Dunedin Developers Dream! This double parcel is zoned for (DR) Downtown Residential with a land use designation of (CRD) and would allow up to 30 units per acre. Imagine a quaint downtown Bed and Breakfast, multi-family, condos or townhouses, or build your dream home with an attached office. Or keep as is and have your turn key income property. Currently, the 2 lots consist of a single family home, & vacant lot overlooking the pond. This 1960 bungalow is situated on a corner lot in a non flood zone & has 2 bedrooms and 1 updated bath with numerous updates, yet maintains its vintage charm. Updates include new air conditioner (2023) & updated electric, newer roof (2016), and newer stainless steel appliances. You will appreciate the oversized 1 car garage & updated bathroom with new vanity and soaking tub. The open kitchen is equipped with real wood cabinets and granite tile countertops. No rear neighbors, water views, and plenty of parking are all sought after features in this historic downtown community. Guests will not only love being able to walk downtown, golf cart around, bike the Pinellas trail or cruise over to the soon to be built Dunedin Gateway, they will find comfort in their fresh living space. This land won’t last long. Don’t miss your opportunity to own the Dunedin dream! This rare Dunedin investment opportunity is yours for the taking! *List price includes 549 & 551 Bay Street.