Remodeled Condo with Tropical
3265 SUGARLOAF KEY ROAD 44A Punta Gorda, FL 33955
For Sale
$334,900
Stunning 2-bedroom condo with water views in Burnt Store Marina.
Property Size1,516 SF
Price / SF$220.91
Days on Market683
Property Features for 3265 SUGARLOAF KEY ROAD 44A
General Information
- Standard status
- Active
- Size
- 1,516 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1984
Listing Agency:
RE/MAX ALLIANCE GROUP
(317) 512-1095
Listed By:
Kate East · License #3579666
(317) 512-1095
Source:
Exitrealty
Added: Sep 9, 2024
Changed: Jul 6
Last Checked: Jul 22 at 9:12AM
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 RE/MAX ALLIANCE GROUP
Investment Insights
Based on property information with market context.
Located in the desirable Marina North Shore community of Burnt Store Marina, this remodeled condo features 2 bedrooms and 2 baths. The 1516 sq. ft. end unit offers tropical and water views. The property has been renovated with high-quality finishes and modern amenities. The kitchen features appliances, custom cabinetry, and countertops. The master suite includes an en-suite bath and a walk-in custom closet. An additional screened lanai complements the guest bedroom and bath. The property includes a whole house Halo water treatment system and a whole house performance air filter. Community amenities include access to Burnt Store Marina, a 27-hole executive golf course, a resort-style pool, a fitness center, tennis and pickleball courts, walking and biking trails, and dining and shopping options. Social activities and community events are available. The community is gated with 24-hour security. The property is located near Punta Gorda, Cape Coral, Fort Myers, and Gulf Coast beaches. This condo is suitable as a year-round residence, a vacation home, or an investment property.
Key Highlights
- Completely remodeled 2‑bedroom, 2‑bath end unit condo with 1516 sq. ft.
- Prime location in desirable Burnt Store Marina with access to boating, golfing, dining, and shopping.
- Spectacular tropical and water views from the living room, dining room, and screened lanai.
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 | $30.4k | $20.04 |
| − Vacancy | −$6.0k | −$3.99 |
| EGI | $24.3k | $16.05 |
| − OpEx | −$11.0k | −$7.22 |
| NOI | $13.4k | $8.83 |
1,516 SF · lease $20.04/SF/yr · vacancy 19.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$191.2K
$167.3K – $223.1K
NOI $13,384 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$496.4K
$434.3K – $579.1K
NOI $34,747 @ 7.0% cap · market cap 10.38%
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 - Stunning 2-bedroom condo with water views in Burnt Store Marina.
Where is this residential income property located?
The property is located at 3265 SUGARLOAF KEY ROAD 44A Punta Gorda, FL.
What is the asking price?
The asking price for this property is $334,900.
What are key features of this property?
This property features: Completely remodeled 2‑bedroom, 2‑bath end unit condo with 1516 sq. ft.; Prime location in desirable Burnt Store Marina with access to boating, golfing, dining, and shopping.; Spectacular tropical and water views from the living room, dining room, and screened lanai.
