Punta Gorda Waterfront
143 TROPICANA DRIVE 1012 Punta Gorda, FL 33950
143 TROPICANA DRIVE 1012, Punta Gorda, FL, 33950
$499,000
For Sale
$499,000
3-bedroom condo with deeded dock and sailboat access.
Property Size2,022 SF
Lot Size0.06 Acres
Price / SF$246.79
Days on Market603
Property Features for 143 TROPICANA DRIVE 1012
General Information
- Standard status
- Active
- Size
- 2,022 SF
- Lot size
- 0.06 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2003
Listing agency
COLDWELL BANKER SUNSTAR REALTY
(941) 676-2768
Listed by
Natalie Dickerson · License #3540097
(941) 676-2768
Source
Exitrealty
Added: Nov 27, 2024 Updated: Jul 10 at 1:05PM Checked: Jul 22 at 7:01AM
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 COLDWELL BANKER SUNSTAR REALTY
Investment Insights
Based on property information with market context.
Located in the Punta Gorda Isles community, this waterfront condo offers 3 bedrooms and 2 bathrooms. The first-floor residence features an attached 2-car garage and an open living space with wood floors throughout the living room, dining room, and bedrooms. The kitchen includes solid surface countertops, abundant cabinetry, a complete home water softener system, newer appliances, and a center island. The master suite offers a spacious layout, a walk-in closet, and an ensuite bathroom with dual sinks and a walk-in shower. One of the additional bedrooms is currently used as an office with a Murphy bed. The lanai features a summer kitchen with a built-in JennAir grill, a fridge, and a sink. The property includes a deeded dock with a 10,000 lb boatlift with water and electricity, providing direct sailboat access to Charlotte Harbor. The condo also features a laundry room with a utility sink, extra storage in the garage and storage room, and impact windows and doors with rolldown storm shutters on the front door. The Tarpon Cove community offers a heated pool and spa, a clubhouse with fitness equipment and kitchen, a paver pool deck and walkways, and a park-like setting with lush tropical landscaping. The community has 60 condominium homes and a 31-slip boat basin. Built with concrete block construction, including 8-inch concrete insulated block partition walls, the property also features a new tile roof installed in 2023. The property has low-density living with only 4 units in each building.
Key Highlights
- Deeded dock with 10,000 lb boatlift offering direct sailboat access to Charlotte Harbor.
- Impact windows and doors, plus rolldown storm shutters on the front door.
- Attached 2‑car garage.
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 | $40.5k | $20.04 |
| − Vacancy | −$8.1k | −$3.99 |
| EGI | $32.5k | $16.05 |
| − OpEx | −$14.6k | −$7.22 |
| NOI | $17.9k | $8.83 |
2,022 SF · lease $20.04/SF/yr · vacancy 19.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$255.0K
$223.1K – $297.5K
NOI $17,851 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$662.1K
$579.3K – $772.4K
NOI $46,344 @ 7.0% cap · market cap 9.29%
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 - 3-bedroom condo with deeded dock and sailboat access.
Where is this residential income property located?
The property is located at 143 TROPICANA DRIVE 1012 Punta Gorda, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Deeded dock with 10,000 lb boatlift offering direct sailboat access to Charlotte Harbor.; Impact windows and doors, plus rolldown storm shutters on the front door.; Attached 2‑car garage.
