1431 KINGLET DRIVE
About This Property
This prime piece of real estate, nestled in the coveted Bird Section of PGI, boasts 153' of road frontage and a generous 40' of water frontage. A meticulously maintained concrete seawall, courtesy of the city, ensures not only a picturesque backdrop but also a worry-free waterfront experience.
Beyond its aesthetic charm, this homesite provides direct access to Alligator Creek and Charlotte Harbor through Buckley Pass – a haven for boaters, anglers, and nature enthusiasts. Punta Gorda itself is a paradise, offering a unique blend of historic charm and modern amenities.
Imagine living in proximity to the extraordinary historic downtown district, where renowned restaurants & nightlife, & hotel accommodations, create a vibrant tapestry of experiences.
Your dream home awaits in Punta Gorda Isles!
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 13, 2025 | Sold | ||
| Sold | |||
| Jul 15, 2025 | In contract | - | |
| In contract | |||
| Jul 9, 2025 | Price Decreased |
$199,000
↓ $16K
(7.4%) | |
| Price Decreased | |||
| Mar 21, 2025 | Price Decreased |
$215,000
↓ $15K
(6.5%) | |
| Price Decreased | |||
| Feb 14, 2025 | Relisted | $229,900 | |
| Relisted | |||
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About Punta Gorda
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017