38320 Cook Brown Rd Punta Gorda, FL 33982
This exceptional 349-acre property in Punta Gorda, Florida, presents a unique blend of agricultural, residential, and potential commercial opportunities. The land is zoned for agricultural use, allowing for residential development and some commercial uses. The expansive acreage includes a substantial 5,300 square-foot, two-story house featuring four bedrooms, a large kitchen, living room, dining room, office, pool, and garage. A sizable barn provides ample space for horses and equipment, and a smaller apartment is also included on the property. All structures are in very good condition. The property boasts ¾ mile of frontage on Cook Brown Road and enjoys convenient proximity to the rapidly expanding Babcock Ranch development. Babcock Ranch offers a range of amenities including a charter school, Publix supermarket, golf course, restaurants, shopping, and hundreds of new homes. This location provides a tranquil country atmosphere while remaining close to urban conveniences. A current cattle lease contributes to keeping property taxes low, and this lease is cancelable upon request. The asking price is $6,107,500, translating to approximately $20,000 per acre. The information provided is subject to verification and potential errors.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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