Waterfront Condo with
3230 Southshore Drive 36C Punta Gorda, FL 33955
3230 Southshore Drive 36C, Punta Gorda, FL, 33955
$329,000
Pending
For Sale
$329,000
Pending
Furnished 3-bedroom condo with water view and garage.
Property Size2,069 SF
Lot Size0.41 Acres
Days on Market677
Property Features for 3230 Southshore Drive 36C
General Information
- Standard status
- Pending
- Size
- 2,069 SF
- Lot size
- 0.41 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1980
Listing Agency
KW PEACE RIVER PARTNERS
(941) 875-4177
Listed by
Matthew Patterson · License #3225618
(941) 875-4177
Source
Exitrealty
Added: Sep 11, 2024 Checked: Jul 19 at 4:04 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW PEACE RIVER PARTNERS
Investment Insights
Based on property information with market context.
This is a beautifully furnished and updated 3-bedroom, 2-bathroom waterfront condo located on the third floor in Marina South Shore Condos. The property includes a 1-car detached garage. The open living and dining room features large windows for natural light and a glass slider to the lanai. The kitchen is equipped with appliances, a tiled backsplash, ample counter space, plenty of cabinets, and a breakfast bar with recessed lighting. The master bedroom has a large glass slider to the lanai and a private en-suite bathroom with a large walk-in closet, split vanities, a private shower, and a private toilet. The guest bedrooms are on a split floor plan, providing privacy, with built-in closets and a shared guest bathroom nearby. The large enclosed lanai overlooks the South Basin in Burnt Store Marina. Marina South Shore is a gated community with a clubhouse, community pool, and underground utilities. The property is conveniently close to the clubhouse and pool. It is also near Burnt Store Marina, featuring wet slips, dry dock storage, a boat ramp, and the Burnt Store Marina Golf and Activity Club. Dockage is available through the Dock Master or with the purchase of a Freedom Boat Club membership. The location provides convenient access to US 41 for a short drive to Downtown Punta Gorda.
Key Highlights
- Waterfront condo with beautiful water views overlooking the South Basin in Burnt Store Marina.
- Furnished, updated 3‑bedroom, 2‑bathroom unit with a 1‑car detached garage.
- Enjoy maintenance‑free living in a gated, active community with a clubhouse and community pool.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.5k | $20.04 |
| − Vacancy | −$8.3k | −$3.99 |
| EGI | $33.2k | $16.05 |
| − OpEx | −$14.9k | −$7.22 |
| NOI | $18.3k | $8.83 |
2,069 SF · lease $20.04/SF/yr · vacancy 19.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$260.9K
$228.3K – $304.4K
NOI $18,266 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$677.4K
$592.8K – $790.4K
NOI $47,421 @ 7.0% cap · market cap 14.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Furnished 3-bedroom condo with water view and garage.
Where is this residential income property located?
The property is located at 3230 Southshore Drive 36C Punta Gorda, FL.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Waterfront condo with beautiful water views overlooking the South Basin in Burnt Store Marina.; Furnished, updated 3‑bedroom, 2‑bathroom unit with a 1‑car detached garage.; Enjoy maintenance‑free living in a gated, active community with a clubhouse and community pool.
