A waterfront apartment community, Coconut Villas Of Dunedin, sold for 4.6 million. The 20 unit complex set a new Dunedin record with a price per unit of $229,000. Coconut Villas consists of several two story buildings totaling 17,000 sq ft. The two bedroom one bath units sit on a 1 acre waterfront parcel. The property is located at 2677 St. Joseph Dr. E.