Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    3339 Purple Martin Dr Punta Gorda, FL 33950

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,195,000

    Permitted 1.34-acre waterfront land for 18-unit multifamily development.

    Lot size:
    1.35 Acres

    Property Features for 3339 Purple Martin Dr

    General Information

    Lot size
    1.35 Acres

    Source: MAXIM COMMERCIAL REAL ESTATE, 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.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Punta Gorda
    County
    Charlotte
    State
    Florida
    Longitude
    -82.06592
    Latitude
    26.90606

    Nearby Similar for Sale

    • $514,999
      1,810 SF

      New Duplex in Punta Gorda

      Move-in ready duplexes near schools, downtown, and recreational facilities.
      419 Carmalita St, Punta Gorda, FL 33950
      View Details
    • $514,999
      1,810 SF

      New Duplex in Punta Gorda

      Move-in ready duplexes near schools, downtown, and recreational facilities.
      415 Carmalita St, Punta Gorda, FL 33950
      View Details
    • $514,999
      1,810 SF

      New Duplexes in Punta Gorda

      Move-in ready duplexes with modern amenities and convenient location.
      409 Carmalita St, Punta Gorda, FL 33950
      View Details
    • $545,000
      2,246 SF

      Punta Gorda Commercial Warehouse Opportunity

      2,246 sq ft commercial warehouse in prime Punta Gorda location.
      121 E Mckenzie St, Punta Gorda, FL 33950
      View Details
    • $449,000
      Pending

      Punta Gorda Duplex Opportunity

      Well-appointed duplex in desirable Deep Creek community of Punta Gorda.
      26335 Explorer Rd, Punta Gorda, FL 33983
      View Details
    • New
      $650,000
      2,400 SF

      Versatile Warehouse in Punta Gorda

      Commercial property with four garage bays in Harbour Heights.
      27039 Rushmore Ave, Punta Gorda, FL 33983
      View Details

    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**
    (513) 659-2025
    Request Owner's contact information
    3339 Purple Martin Dr Punta Gorda, FL 33950
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3339 Purple Martin Dr
    Punta Gorda, FL 33950
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3339 Purple Martin Dr Punta Gorda, FL 33950
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.