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    Waterfront Homesite in Gated Community Title is generated by Realmo AI

    7500 Park Pointe Drive Unit 24, Englewood, FL 34224

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    For Sale
    $225,000

    Waterfront homesite with dock potential in Englewood's gated community.

    Type:Land
    Added:
    Apr 14, 2026
    Days on Market:
    50
    Last Refresh:
    Apr 14 at 8:41 pm

    Property Features for 7500 Park Pointe Drive Unit 24

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Pam Copeland

    Listing agent Pam Copeland License #3236337

    Listing office BERKSHIRE HATHAWAY HOMESERVICES FLORIDA REALTY

    Listing date Apr 14, 2026

    Source Compass

    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 BERKSHIRE HATHAWAY HOMESERVICES FLORIDA REALTY

    HighLights

    • Gated waterfront community on the Intracoastal Waterway with only 54 ownership shares, offering exclusivity and privacy.
    • Opportunity to install a private dock for direct access to boating, fishing, and waterfront activities.
    • Low association fees and renewed amenities, including a heated pool, spa, and clubhouse currently being restored.
    • Proximity to a full‑service marina and waterfront dining options (Palm Island Restaurant and Lighthouse Grill & Tiki Bar), accessible by boat.
    • Abundant wildlife viewing opportunities, including dolphins, eagles, and coastal birds, with panoramic views and sunsets.
    • Co‑Op community where each owner holds a stake in Park Pointe Incorporated, ensuring a well‑maintained environment.

    Overview

    Park Pointe Mobile Home Park offers refined coastal living in a gated waterfront community along the Intracoastal Waterway in Englewood, Florida. This waterfront homesite provides privacy and the opportunity for a private dock with existing piers needing decking. Residents can enjoy boating, fishing, and coastal living. The Co-Op community has 54 ownership shares, with each owner holding a stake in Park Pointe Incorporated. The community is thoughtfully maintained with low association fees. Amenities, including a heated pool, spa, and clubhouse, are currently being restored. A full-service marina with dry storage is nearby. Palm Island Restaurant, accessible by boat or launch, offers fine dining. The Lighthouse Grill & Tiki Bar is also a local destination. The area features dolphins, eagles, and coastal birdlife, with panoramic views and sunsets. Note that this is a no-pet community. This homesite offers the opportunity to create a waterfront sanctuary in a coveted community.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Englewood
    County
    Charlotte
    State
    Florida
    Longitude
    -82.330491
    Latitude
    26.907154

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    FAQs

    What type of property is this?
    Waterfront Land - Waterfront homesite with dock potential in Englewood's gated community.
    Where is this waterfront land located?
    The property is located at 7500 Park Pointe Drive Unit 24 Englewood, FL.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: Gated waterfront community on the Intracoastal Waterway with only 54 ownership shares, offering exclusivity and privacy.; Opportunity to install a private dock for direct access to boating, fishing, and waterfront activities.; Low association fees and renewed amenities, including a heated pool, spa, and clubhouse currently being restored.
    (941) 716-2644
    We can help!
    Listing Contact
    Pam Copeland
    Real Estate License ID: 3236337
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    7500 Park Pointe Drive, Unit 24, Englewood, FL 34224
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