2226 Carmalita St Punta Gorda, FL 33950
- Apartment buildings
- 55.00 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 2226 Carmalita St
- Lot size
- 55.00 lot acres
- Property type
- Apartment buildings
Description
This exceptional 55-acre parcel in Punta Gorda, Florida, presents a remarkable multifamily development opportunity. Priced at $11,000,000, this fee-simple property is zoned RMF 10-12, allowing for high-density residential construction. The site comprises approximately 19 acres of lakes and 36 acres of land, currently used for grazing cattle, with existing lakes suitable for stormwater retention. Detailed surveys—topographic, wetlands, environmental, and tree—have already been completed. The property's strategic location offers proximity to key amenities: Florida Southwestern State College - Charlotte Campus (1.6 miles), the new Sunseeker Resort (under 4 miles), and Punta Gorda Airport (2.5 miles). Furthermore, its position near downtown, schools, parks, and athletic fields enhances its appeal. The seller is offering financing with a 20% down payment and a 5.5% interest-only loan for three years. The property includes two parcels: Parcel 1 (35+ acres, 25385 Dundee Road) and Parcels 2 & 3 (20+ acres, 2176 & 2226 Carmalita St). Note that the buyer is responsible for monthly carrying costs during due diligence. This rapidly developing area of Florida's Gulf Coast is experiencing significant growth in tourism, residential, and commercial sectors, making this a prime investment opportunity. The potential for approximately 504 units makes this a substantial undertaking with significant long-term potential. The adjacent development by DR Horton further underscores the area's growth trajectory.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Punta Gorda
- County
- Charlotte
- State
- Florida
- Longitude
- -82.0263
- Latitude
- 26.9297
