Waterfront Condo with Private
208 LEWIS CIRCLE 4A Punta Gorda, FL 33950
For Sale
$239,000
Pending
Furnished 2-bedroom condo with dock and boat lift.
Property Size1,180 SF
Lot Size0.03 Acres
Days on Market614
Property Features for 208 LEWIS CIRCLE 4A
General Information
- Standard status
- Pending
- Size
- 1,180 SF
- Lot size
- 0.03 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1985
Listing Agency:
JOHN R WOOD PROPERTIES
(239) 877-1525
Listed By:
Steven Torres · License #3402486
(239) 877-1525
Source:
Exitrealty
Added: Nov 16, 2024
Changed: Jul 6
Last Checked: Jul 23 at 5:21AM
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 JOHN R WOOD PROPERTIES
Investment Insights
Based on property information with market context.
Located in the Wilshire Isles community, this furnished condo offers waterfront living with two bedrooms and two bathrooms. Built in 1985, the 1,180 sq. ft. property features an open floor plan. It includes a private dock and a new 10,000 lb boat lift with remote control. The primary suite has a walk-in closet, and there is a 25-foot balcony overlooking the canal. Interior features include ceramic tile and laminate flooring, ceiling fans, and a new HVAC unit. Community amenities include a pool and assigned carport parking. The property is pet-friendly (cats welcome) and allows rentals with a two-week minimum lease. It is located close to Fisherman’s Village and downtown Punta Gorda, offering access to waterfront dining, shopping, and entertainment. Public utilities, high-speed internet, and cable are included.
Key Highlights
- Private dock & brand new 10,000 lb boat lift for effortless boating.
- Waterfront location just minutes from open water on a peaceful canal.
- Move‑in ready and furnished with tasteful updates, new HVAC, and included utilities (internet, cable).
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 | $23.6k | $20.04 |
| − Vacancy | −$4.7k | −$3.99 |
| EGI | $18.9k | $16.05 |
| − OpEx | −$8.5k | −$7.22 |
| NOI | $10.4k | $8.83 |
1,180 SF · lease $20.04/SF/yr · vacancy 19.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$148.8K
$130.2K – $173.6K
NOI $10,418 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$386.4K
$338.1K – $450.8K
NOI $27,046 @ 7.0% cap · market cap 11.32%
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
FAQs
What type of property is this?
Residential income property - Furnished 2-bedroom condo with dock and boat lift.
Where is this residential income property located?
The property is located at 208 LEWIS CIRCLE 4A Punta Gorda, FL.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Private dock & brand new 10,000 lb boat lift for effortless boating.; Waterfront location just minutes from open water on a peaceful canal.; Move‑in ready and furnished with tasteful updates, new HVAC, and included utilities (internet, cable).
