Stunningly Renovated Dunedin Home with INCOME PRODUCING unit on Separate Electric Meters, and Dual Zoning! Welcome to Dunedins vibrant Lakewood Estates community. This beautifully updated property offers a rare and versatile layout featuring a spacious main residence and a fully equipped attached Accessory Dwelling Unit (ADU), each with its own private entrance and separate electric meters. This setup is ideal for generating rental income, supporting multigenerational living, or operating a home based business. The home immediately impresses with its beautiful curb appeal, including fresh exterior updates, mature landscaping, and landscape lighting that wraps around the home, creating a warm and welcoming ambiance in the evenings. Whether arriving during the day or night, the property is both inviting and well lit. The main house includes two bedrooms, one bathroom, and a flex room with charming cedar planked walls. This bonus space is perfect for a home office, den, or an additional bedroom. French doors are located at the flex room's entrance, and sliding doors at the exit allow light to flow through and provide direct access to the backyard. The layout features laminate flooring throughout, a spacious living room, a formal dining area, and a bright kitchen with plenty of space for a breakfast nook. The remodeled bathroom showcases a modern vanity, updated flooring, and a sleek glass enclosed shower. A laundry closet located in the flex room includes a full size washer and dryer, which convey with the sale. The attached one bedroom, one bathroom studio unit can be accessed from the main house through a secure interior door or through its own private entrance off the paved parking area. This private unit features a kitchenette with a cooktop and refrigerator, a window seat with built in storage, a bathroom with an in unit washer and dryer, and its own exit to the backyard. This unit is ideal for tenants, guests, or a private home office setup with a separate electric meter. Step outside into the fully fenced backyard, where a tranquil outdoor retreat awaits. The space includes mature trees, lush landscaping, a palm shaded pergola, a paved fire pit, a designated seating zone, a grass play area, and a large storage shed. It is the perfect setting for year round outdoor enjoyment, whether entertaining guests or relaxing in peace. Recent upgrades include a new main roof installed in 2025 and a flat roof replaced in 2021. Zoned for both residential and commercial use, the property offers exceptional flexibility for homeowners, investors, and small business owners. The separate electric meters enhance its usability for multiple occupants or income producing purposes. Located in walking distance to vibrant downtown Dunedin and city pier, just 15 minutes from Honeymoon Island, 25 minutes to Clearwater Beach, and 30 minutes to Tampa International Airport, this home provides easy access to Floridas most beloved coastal spots while keeping you close to downtown Dunedins charming shops, restaurants, and entertainment. Dont miss this rare opportunity to own a thoughtfully renovated, move in ready property with true versatility and lasting curb appeal. Schedule your private showing today and experience all this Dunedin gem offers.