Spacious Condo with Marina
3321 SUNSET KEY CIRCLE 501 Punta Gorda, FL 33955
3321 SUNSET KEY CIRCLE 501, Punta Gorda, FL, 33955
$599,900
For Sale
$599,900
Large condo in Burnt Store Marina with sweeping water views.
Property Size2,351 SF
Lot Size0.53 Acres
Price / SF$255.17
Days on Market592
Property Features for 3321 SUNSET KEY CIRCLE 501
General Information
- Standard status
- Active
- Size
- 2,351 SF
- Lot size
- 0.53 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2004
Listing agency
KW PEACE RIVER PARTNERS
(941) 380-1769
Listed by
Lesley Rose · License #3317776
(941) 380-1769
Source
Exitrealty
Added: Dec 6, 2024 Updated: Jul 6 at 12:09PM Checked: Jul 21 at 4:21AM
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.
Located in Burnt Store Marina, this residential income property features the largest floor plan within the Grand Isles Towers. The unit spans nearly 2,300 square feet and includes three bedrooms, three full bathrooms, and a separate den/office. The property offers full views of the marina and Charlotte Harbor from its spacious lanai. Community amenities include a resort-style swimming pool, spa/hot tub, outside grilling area, fitness center, community room, media room, locker rooms, sauna, and steam room. Burnt Store Marina features a large deep-water marina, 27 holes of executive golf, three on-site restaurants, Freedom Boat Club, and Platinum Point Yacht Club.
Key Highlights
- Largest floor plan (nearly 2,300 sq ft) in Grand Isles Towers.
- Enjoy panoramic views of the Marina and Charlotte Harbor.
- Features three bedrooms and three full bathrooms plus a den/office.
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 | $47.1k | $20.04 |
| − Vacancy | −$9.4k | −$3.99 |
| EGI | $37.7k | $16.05 |
| − OpEx | −$17.0k | −$7.22 |
| NOI | $20.8k | $8.83 |
2,351 SF · lease $20.04/SF/yr · vacancy 19.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$296.5K
$259.5K – $345.9K
NOI $20,756 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$769.8K
$673.6K – $898.1K
NOI $53,885 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Grande Isle I ...
Condominium Complex
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Large condo in Burnt Store Marina with sweeping water views.
Where is this residential income property located?
The property is located at 3321 SUNSET KEY CIRCLE 501 Punta Gorda, FL.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Largest floor plan (nearly 2,300 sq ft) in Grand Isles Towers.; Enjoy panoramic views of the Marina and Charlotte Harbor.; Features three bedrooms and three full bathrooms plus a den/office.
