Furnished Golf-View Residential
For Sale
$279,900
1519 ATARES DRIVE #111, Punta Gorda, FL 33950
The furnished three-bedroom residence pairs a split-bedroom layout with a screened lanai and attached garage.
Property Size1,618 SF
Price / SF$172.99
Days on Market9
Property Features for 1519 ATARES DRIVE #111
General Information
Standard status
Active
Size
1,618 SF
Property subtype
Half Duplex
Building Details
Year Built
2003
Listing Agency:
MARINA PARK REALTY LLC
(941) 205-0888
Listed By:
Ryan Finnegan · License #3487634
(585) 698-5198
Source:
Endlesssummerrealty
Added: Oct 20
Changed: Oct 27
Last Checked: Oct 28 at 8:23AM
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 MARINA PARK REALTY LLC
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Investment Insights
Based on property information with market context.
Built in 2003, this furnished villa offers 1,618 square feet with three bedrooms and two bathrooms. The split-bedroom plan centers on a great room, with sliding glass doors leading to a screened lanai. A separate dining room adjoins the kitchen, which has a breakfast bar. The primary suite includes a walk-in closet, dual-sink vanity, soaking tub, and separate shower. An inside laundry room and attached two-car garage add functional space.
The lanai and grassy area look toward the fairways of St. Andrews South Golf Club. Residents of the deed-restricted community also have access to a heated swimming pool. Historic downtown Punta Gorda is described as minutes away, with waterfront dining, shops, parks, and walking and biking paths among the area’s listed destinations.
The lanai and grassy area look toward the fairways of St. Andrews South Golf Club. Residents of the deed-restricted community also have access to a heated swimming pool. Historic downtown Punta Gorda is described as minutes away, with waterfront dining, shops, parks, and walking and biking paths among the area’s listed destinations.
Key Highlights
- 1,618 square feet; built in 2003
- Furnished three‑bedroom, two‑bath villa
- Attached two‑car garage and inside laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,285
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,700
$285.7K
Cap Rate 7%
$204,071
$204.1K
Cap Rate 9%
$158,722
$158.7K
Market Conditions
NOI Build-Up for 1,618 SF
Gross rent
$32.4K $20.04/SF
− Vacancy
−$6.5K −$3.99/SF
EGI
$26.0K $16.05/SF
− OpEx
−$11.7K −$7.22/SF
NOI
$14.3K $8.83/SF
Area
Charlotte County, FL
Vacancy
19.90%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,700
Cap Rate 7%
$204,071
Cap Rate 9%
$158,722
Alternative Uses
Best Use
Apartment 5plus
$204.1K
$178.6K – $238.1K
NOI $14,285 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$529.8K
$463.6K – $618.1K
NOI $37,085 @ 7.0% cap · market cap 13.25%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
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Demographics for 33950, FL
24,984
Population
16,748
Households
1.5
Avg Household Size
66
Median Age
36%
College-Educated
95%
High-School Grad
17.8 sq mi
ZIP Area
1,404
Density / Sq Mi
$74,484
Median Household Income
$46,032
Median Earnings
$1,192
Median Rent
$393,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The furnished three-bedroom residence pairs a split-bedroom layout with a screened lanai and attached garage.
Where is this residential income property located?
The property is located at 1519 ATARES DRIVE #111 Punta Gorda, FL.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: 1,618 square feet; built in 2003; Furnished three‑bedroom, two‑bath villa; Attached two‑car garage and inside laundry room
