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967 Cedarwood Ave, Dunedin, photo 1
967 Cedarwood Ave, Dunedin, photo 2
967 Cedarwood Ave, Dunedin, photo 3
967 Cedarwood Ave, Dunedin, photo 4
967 Cedarwood Ave, Dunedin, photo 5

967 Cedarwood Ave

967 Cedarwood Ave

Dunedin, FL 34698

Single Family
Share price$50.00
Avg yield—
Current yield0%
Whalec Property Management
Property managed by Whalec Property Management
CommunityDiscuss this property with investors and the property manager

About

Rented Single Family Home in Dunedin, Florida

Offering Details

  • Alec VanBeek is transferring his property's deed to a new LLC and is selling a portion of the LLC on the Lofty Marketplace. This property is the only asset owned by the LLC.
  • Tokens represent direct ownership in the LLC that owns the property. Alec will maintain at least 10% ownership in the LLC indefinitely.
  • View proof of Alec's ownership prior to the title transfer here. View the LLC documents here.

Property Details

  • 3 bed / 1 bath block home located just 1 mile from Downtown Dunedin
  • Features terrazzo flooring, vaulted ceilings, and a chef’s kitchen with real wood cabinets and gas appliances
  • Newer roof, gas water heater, and updated bathroom with soaking tub and new tile
  • Large fenced backyard with a shed, plus side yard space for boat or RV parking
  • Carport offers additional storage and golf cart parking; peaceful front porch overlooks the yard

More on the Seller

  • Alec VanBeek is a seasoned real estate investor and property manager with a proven track record of operational excellence on Lofty.AI, specializing in co-ownership and performance-based asset management. Alec is known for delivering strong investor returns, zero-vacancy performance, and personally backing select properties to align incentives.

📍 Investment Activity & Portfolio

Listed Properties on Lofty.AI:

  • 440 Louden Ave
  • 1580 Andover Dr

Portfolio Scale:

  • Actively manages 60+ tokenized properties on the Lofty platform
  • Personally backs the mortgages on two Lofty assets, demonstrating alignment of risk with investors

📈 Track Record

  • Over 1 year of active Lofty participation with consistent performance
  • First two properties achieved 15 months of continuous occupancy with zero days of vacancy—a testament to strong tenant retention and proactive management

🎯 Investment Approach

  • Performance-Focused: Driven by occupancy maximization and cash flow consistency
  • Hands-On Management: Direct involvement in property oversight, maintenance response, and financial transparency
  • Aligned Incentives: By backing mortgages himself, Alec reinforces investor trust and shows long-term commitment to each asset’s success

🤝 Ideal For

  • Tokenized real estate investors seeking strong operator performance
  • Passive investors looking for dependable monthly returns
  • Those who value low-vacancy track records and investor-aligned managers

Property Management and Insurance

Property Leverage

  • This property has a loan balance of $232,400.00 View the loan documents here.
  • As the seller, Alec VanBeek pays down 100% of the loan payments, his equity percentage in the property will increase and the levered rental yield of investors will decrease over time. Investors have the ability to change this structure via a governance vote.

Occupancy Status

  • 1 year lease (01/11/2025 - 01/10/2026)
  • $1,874/month
  • $1,799 Security Deposit
  • Lease Agreement

Location Data

  • "B+" Rating for Zip Code on Niche

Due Diligence Documents

Property Management

Whalec Property Management

Whalec Property Management LLC is a specialized property management company with proven experience in the Lofty marketplace ecosystem. Led by Alec Vanbeek, the company brings a unique understanding of tokenized real estate management and the specific requirements of properties with distributed ownership structures.

Due Diligence Documents

Inspection report, appraisal, LLC docs, and more

About this offering

Total Property Value$333,050
Equity
$101,500
Debt
$231,550
Closing Costs (incl. inspection & appraisal)$700
LLC Formation$550
Operating Reserve
$1,312.2

The Market

Dunedin, FL

Dunedin, FL offers a mix of neighborhood livability, local employment centers, and day-to-day amenities that support long-term housing demand. The area benefits from access to major commuter routes, schools, and retail services, while continuing to attract residents looking for affordability and convenience. As population and job activity remain steady across the broader region, rental demand is generally supported by both local households and in-migration trends.

Property Updates

UpdateMar 17, 2026

  • Governance results for 967 Cedarwood Ave:

  • The Governance Voting results are back for the owner-proposed vote.

  • The winning vote is:

  • YES: You approve the mandatory buyback of all tokens at $50.50 per token at the time of closing. You acknowledge the closing will occur within April 2026.

  • This was voted on by 23 participants in total. Out of the total number of participants, 21 voted Yes, totaling 78% of the voting power. This is a co-ownership property, which means the governance mechanism used the scaled governance calculation as opposed to the default of 1 token equals 1 vote.

  • The voting results can be found on chain here or by searching the application ID: 3482439394

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Share price

$50.00