Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Punta Gorda Condo with Amenities Title is generated by Realmo AI

    2001 BAL HARBOR BOULEVARD 2203, Punta Gorda, FL 33950

    View on Map
    Claim this Listing
    For Sale
    $199,000

    Move-in ready condo in gated community with access to amenities.

    Type:Condo/Townhome
    Property size:
    1,498 SF
    Price / SF:
    $132/SF
    Added:
    Jan 10, 2025
    Days on Market:
    512
    Last Refresh:
    May 19 at 11:20 pm

    Property Features for 2001 BAL HARBOR BOULEVARD 2203

    General Information

    Standard status
    Active
    Size
    1,498 SF
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    2011

    We can help!

    Listing Contact
    Julie Lowder
    Julie Lowder

    Listing agent Julie Lowder License #3029614

    Listing office PARADISE EXCLUSIVE INC

    Listing date Jan 10, 2025

    Source Exitrealty

    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 PARADISE EXCLUSIVE INC

    HighLights

    • Move‑in ready 3 bedroom/2 bathroom condo in a gated community with lake access and dock.
    • Hurricane impact sliding glass doors and designated underground parking with extra guest parking.
    • Clubhouse with fitness center, pool table, and large heated pool.
    • Primary suite boasts tray ceilings, ensuite bath (soaking tub, custom‑tiled shower), and walk‑in closet.
    • Kitchen features stainless steel appliances, granite countertops, breakfast bar, and pantry.
    • Association has passed the State Mandated Structural Integrity Reserve Study (SIRS) with no repairs needed.

    Overview

    Located in the Preserve of Bal Harbor, this move-in ready condo offers a split floor plan with an open-concept layout and high ceilings. The kitchen features wood cabinetry, stainless steel appliances, granite countertops, a breakfast bar, and a pantry. The primary suite includes tray ceilings, a private ensuite bath with a tall wood vanity, granite countertops, a soaking tub, a custom-tiled shower, and a walk-in closet. Two additional bedrooms provide space for guests or a home office. Hurricane impact sliding glass doors lead to a large lanai. Residents have access to a clubhouse with a fitness center, pool table, and entertaining space, as well as a large heated pool and a dock on the lake. The gated community offers security with designated underground parking, guest parking, and a 10 x 10 storage unit. An elevator provides access to the second-floor unit. The association has passed the State Mandated Structural Integrity Reserve Study (SIRS) with no repairs needed. The property is located minutes away from fishing, boating, the Gulf of Mexico, the Peace River, and Charlotte Harbor, as well as downtown Punta Gorda, Fisherman’s Village, farmers markets, walking and biking trails, and cultural venues. The property is 1498 square feet.

    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 $30.0k $20.04
    − Vacancy −$6.0k −$3.99
    EGI $24.0k $16.05
    − OpEx −$10.8k −$7.22
    NOI $13.2k $8.83
    1,498 SF · lease $20.04/SF/yr · vacancy 19.90% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $188.9K
    $165.3K – $220.4K (±1% cap)
    NOI $13,225 @ 7.0% cap · market cap 6.65%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $490.5K
    $429.2K – $572.2K (±1% cap)
    NOI $34,334 @ 7.0% cap · market cap 17.25%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Punta Gorda
    County
    Charlotte
    State
    Florida
    Longitude
    -82.07088
    Latitude
    26.906981

    Nearby Similar for Sale

    • $580,000
      3,375 SF

      Punta Gorda Restaurant Opportunity

      Free-standing commercial building with restaurant, apartment, and outside storage.
      4214 DUNCAN ROAD, PUNTA GORDA, FL 33982
      View Details
    • $1,600,000
      2,441 SF

      Auto Shop with Four-Bay Garage

      Corner automotive property on Tamiami Trail with four-bay garage and two 12-foot overhead doors.
      1308 TAMIAMI TRAIL, PUNTA GORDA, FL 33950
      View Details
    • $1,100,000

      Prime Commercial Property, Punta Gorda

      Highly visible commercial property in downtown Punta Gorda.
      236 Tamiami Trail, Punta Gorda, FL 33950
      View Details
    • $700,000
      3,500 SF

      PUNTA GORDA Industrial Warehouse

      Industrial warehouse with office, storage, and fenced yard.
      4159 ELECTRIC WAY, PUNTA GORDA, FL 33980
      View Details
    • $700,000
      1,242 SF

      Punta Gorda Industrial Warehouse

      7000+ sq ft warehouse with office/retail space for sale.
      4168 ELECTRIC WAY, PUNTA GORDA, FL 33980
      View Details
    • $1,950,000
      7,808 SF

      Punta Gorda Retail Investment Opportunity

      Versatile commercial property in a high-growth area near Punta Gorda Airport.
      29291 TRIBUNE BOULEVARD, PUNTA GORDA, FL 33955
      View Details
    • $2,400,000
      3,000 SF

      Punta Gorda Mixed-Use Investment

      Unique mobile home and RV park with income potential.
      29208 SNOOK CIRCLE, PUNTA GORDA, FL 33982
      View Details
    • $799,000
      1,800 SF

      Versatile Punta Gorda Workshop

      7,200 SF building with workshop, office, and hobby shop.
      3400 ROWLAND DRIVE, PUNTA GORDA, FL 33980
      View Details
    • $575,999
      2,688 SF

      New Duplex Near Downtown

      New construction duplex with modern amenities, near downtown Punta Gorda.
      301 E VIRGINIA AVENUE, PUNTA GORDA, FL 33950
      View Details
    • $325,000
      1,768 SF

      Gated Punta Gorda Storage Condominium

      Privately owned storage condominium in a gated facility.
      8290 BURNT STORE ROAD, PUNTA GORDA, FL 33950
      View Details
    • $350,000
      1,948 SF

      Waterfront Duplex in Punta Gorda

      Waterfront duplex with rental income potential near downtown Punta Gorda.
      3103 RIVERSIDE DRIVE, PUNTA GORDA, FL 33950
      View Details
    • $300,000

      Under Construction Garage Condos

      Garage condos under construction with premium features and customizable options.
      5225 TAYLOR ROAD, PUNTA GORDA, FL 33950
      View Details

    FAQs

    What type of property is this?
    Residential income property - Move-in ready condo in gated community with access to amenities.
    Where is this residential income property located?
    The property is located at 2001 BAL HARBOR BOULEVARD 2203 Punta Gorda, FL.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: Move‑in ready 3 bedroom/2 bathroom condo in a gated community with lake access and dock.; Hurricane impact sliding glass doors and designated underground parking with extra guest parking.; Clubhouse with fitness center, pool table, and large heated pool.
    (941) 276-0646
    We can help!
    Listing Contact
    Julie Lowder
    Julie Lowder
    Real Estate License ID: 3029614
    Learn More
    Request Owner's contact information
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2001 BAL HARBOR BOULEVARD 2203, PUNTA GORDA, FL 33950
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!