Triplex Waterfront Pool
For Sale
$890,000
337 Boundary Boulevard, Rotonda West, FL 33947
Triplex for sale with a central 3-bedroom pool/waterfront residence and two 2-bedroom condo-style units on a double lot.
Property Size3,679 SF
Price / SF$241.91
Days on Market97
Property Features for 337 Boundary Boulevard
General Information
Standard status
Active
Size
3,679 SF
Property subtype
Multi-Family
Building Details
Year Built
1999
Listing Agency:
RE/MAX PALM REALTY OF VENICE
Listed By:
Regina Melman · License #3455400
(941) 525-6818
Source:
Exciterealtyflorida
Added: Jul 20
Changed: Oct 5
Last Checked: Oct 23 at 7:59AM
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 PALM REALTY OF VENICE
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Investment Insights
Based on property information with market context.
This for-sale triplex features a central pool/waterfront home with a spacious 3-bedroom plus den layout and two bathrooms, designated as Unit #B. Two additional units, #A and #C, provide 2-bedroom, 2-bath condo-style configurations. The property is described as fully furnished and updated. Recent improvements include a newer roof from 2019, interior paint from 2022, and exterior paint from 2020.
The triplex sits on a double lot and is served by public water and public sewer. The offering is presented as located in Rotonda West, a deed-restricted community with no minimum lease period, which may support leasing flexibility.
According to the seller remarks, the community setting includes proximity to intracoastal waterways, golf, dining, shopping, and a nearby park with hiking trails, bird watching, a gazebo, picnic areas, and tennis courts. Rotonda West is also described as having miles of canals for kayaking and multiple golf courses and clubhouse amenities.
The triplex sits on a double lot and is served by public water and public sewer. The offering is presented as located in Rotonda West, a deed-restricted community with no minimum lease period, which may support leasing flexibility.
According to the seller remarks, the community setting includes proximity to intracoastal waterways, golf, dining, shopping, and a nearby park with hiking trails, bird watching, a gazebo, picnic areas, and tennis courts. Rotonda West is also described as having miles of canals for kayaking and multiple golf courses and clubhouse amenities.
Key Highlights
- Triplex built in 1999: Unit #B is a 3‑bedroom + den, 2‑bath pool/waterfront residence.
- Units #A and #C are both 2‑bedroom, 2‑bath condo‑style units flanking the center home.
- All units on a double lot, with public water and public sewer.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,589
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$711,780
$711.8K
Cap Rate 7%
$508,414
$508.4K
Cap Rate 9%
$395,433
$395.4K
Market Conditions
NOI Build-Up for 3,679 SF
Gross rent
$62.7K $17.04/SF
− Vacancy
−$11.8K −$3.22/SF
EGI
$50.8K $13.82/SF
− OpEx
−$15.3K −$4.15/SF
NOI
$35.6K $9.67/SF
Area
Charlotte County, FL
Vacancy
18.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$711,780
Cap Rate 7%
$508,414
Cap Rate 9%
$395,433
Alternative Uses
Best Use
Multifamily LT 5
$508.4K
$444.9K – $593.2K
NOI $35,589 @ 7.0% cap · market cap 4.00%
Second Best
Apartment 5plus
$464.0K
$406.0K – $541.4K
NOI $32,481 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$1.20M
$1.05M – $1.41M
NOI $84,323 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
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Demographics for 33947, FL
10,462
Population
6,973
Households
1.5
Avg Household Size
65
Median Age
30%
College-Educated
96%
High-School Grad
13.3 sq mi
ZIP Area
787
Density / Sq Mi
$73,453
Median Household Income
$42,875
Median Earnings
$1,359
Median Rent
$352,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Triplex for sale with a central 3-bedroom pool/waterfront residence and two 2-bedroom condo-style units on a double lot.
Where is this triplex located?
The property is located at 337 Boundary Boulevard Rotonda West, FL.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: Triplex built in 1999: Unit #B is a 3‑bedroom + den, 2‑bath pool/waterfront residence.; Units #A and #C are both 2‑bedroom, 2‑bath condo‑style units flanking the center home.; All units on a double lot, with public water and public sewer.
