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Waterfront Condo in Gated Community

25188 MARION AVENUE A103 Punta Gorda, FL 33950

25188 MARION AVENUE A103, Punta Gorda, FL, 33950
$164,000
For Sale
Claim this Listing
$164,000

Two-bedroom condo with water views and community amenities.

Property Size1,147 SF
Lot Size0.03 Acres
Price / SF$142.98
AddedSep 7, 2024
Days on Market677
Last RefreshApr 5 at 11:35 pm

Property Features for 25188 MARION AVENUE A103

General Information

Standard status
Active
Size
1,147 SF
Lot size
0.03 Acres
Property subtype
Condo/Townhome

Building Details

Year Built
1975

Listing office HOUWZER INC

Listing date Sep 7, 2024

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 HOUWZER INC


Investment Insights

Based on property information with market context.

This two-bedroom, two-bathroom condo is located in the gated waterfront community of Emerald Pointe, offering access to Charlotte Harbor and the Gulf of Mexico. The property features an open layout connecting the living room, dining area, and kitchen. The kitchen includes a new dishwasher, a stainless-steel refrigerator, a decorative backsplash, and a countertop/breakfast bar. A personal, stackable washer/dryer is located off the kitchen. Hurricane-resistant windows and sliders are installed throughout. Sliding glass doors from the living room open to an enclosed, screened-in balcony with tile floors. The primary suite includes a private en-suite with a walk-in shower. Additional storage closets are available outside of the unit and in the assigned parking spot underneath the building. The HOA includes wet/dry boat dockage with electricity and water, cable TV, internet, water, and trash. Community amenities include a private boat ramp, three pools, five tennis courts, pickleball, a clubhouse with a restaurant (The BISTRO), a game room, and a fitness room. The BISTRO offers three meals a day, five days a week from November to March. Emerald Pointe also has a tennis league with a tennis pro available for lessons. The property is located close to downtown Punta Gorda, with shopping, restaurants, parks, a farmers market, fishing, and golf.

Key Highlights

  • Gated waterfront community with direct access to Charlotte Harbor and the Gulf of Mexico.
  • Enjoy unobstructed water views and a sun‑filled open layout.
  • Extensive amenities: 3 pools, 5 tennis courts, pickleball, clubhouse with restaurant (The BISTRO), game room, and fitness room.

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 $23.0k $20.04
− Vacancy −$4.6k −$3.99
EGI $18.4k $16.05
− OpEx −$8.3k −$7.22
NOI $10.1k $8.83
1,147 SF · lease $20.04/SF/yr · vacancy 19.90% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$144.7K
$126.6K – $168.8K (±1% cap)
NOI $10,126 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$375.6K
$328.6K – $438.2K (±1% cap)
NOI $26,289 @ 7.0% cap · market cap 16.03%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Emerald Pointe Racquet ... Nightclub Great Lady Charters Boat Rental Service Emerald Pointe Condominium Condominium Complex AAIR Aerial Drone ... Corporate Office

Suggested Use

(Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Auto Parts Store (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Barber Shop Electrical Service Furniture & Home Goods Big Box & Wholesale Store

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

FAQs

What type of property is this?
Residential income property - Two-bedroom condo with water views and community amenities.
Where is this residential income property located?
The property is located at 25188 MARION AVENUE A103 Punta Gorda, FL.
What is the asking price?
The asking price for this property is $164,000.
What are key features of this property?
This property features: Gated waterfront community with direct access to Charlotte Harbor and the Gulf of Mexico.; Enjoy unobstructed water views and a sun‑filled open layout.; Extensive amenities: 3 pools, 5 tennis courts, pickleball, clubhouse with restaurant (The BISTRO), game room, and fitness room.
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