3339 Purple Martin Dr Punta Gorda, FL 33950
Permitted 1.34-acre waterfront land for 18-unit multifamily development.
Lot size:
1.35 AcresProperty Features for 3339 Purple Martin Dr
General Information
- Lot size
- 1.35 Acres
Source:
Elliman
Listing Agent: Charles Thomas
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Waterfront Development Opportunity
This 1.34-acre waterfront property presents a development opportunity suitable for a 1031 exchange. It is permitted for the construction of an 18-unit condominium or multifamily building with Gulf access. The GM-15 permit was initially approved on April 5, 2023, but has since expired. The fully designed and engineered project envisions a total of 18 units with an aggregate of 30,290 square feet, estimated at a total market value of $15 million. The proposed unit mix includes six 3-bedroom, 3.5-bathroom units ranging from 2,094 to 2,109 square feet, and six 2-bedroom, 2.5-bathroom units of 1,858 square feet. The anticipated market prices for these units range from $825,000 to $1.2 million.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Punta Gorda
- County
- Charlotte
- State
- Florida
- Longitude
- -82.06592
- Latitude
- 26.90606
Nearby Similar for Sale
FAQs
What type of property is this?
Land - Permitted 1.34-acre waterfront land for 18-unit multifamily development.
Where is this land located?
The property is located at 3339 Purple Martin Dr Punta Gorda, FL.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: - Waterfront property with Gulf access; - Approved permit for 18-unit condo/multifamily development (permit may be expired); - **Ready-to-build project, potentially suitable for a 1031 exchange**