2028 RIVER BASIN TERRACE
About This Property
Welcome home to the community of Palm Shores and this well-maintained, three-bedroom, two-and-a-half-bath waterfront home with ultra-quick and direct access to the Peace River and Charlotte Harbor, with NO HOA or CDD! Sporting approximately ~1640 square feet of air-conditioned living space, this residence has updated bathrooms, a new kitchen, newer roof (2022), complete window storm protection, an oversized one-car garage and a water filtration system. Seller has assumable FLOOD POLICY. The home's primary bedroom is separate from the two guest rooms for added privacy and the 360 square foot enclosed lanai has direct access from the great room, primary bedroom and one of the two guest rooms. It also has direct access to the open backyard patio and waterfront area. The home enjoys ceramic tile flooring in all but the newly carpeted bedrooms. The 80 feet of water frontage sports a newer concrete seawall and is only two minutes from open water. From this location, you are but 3.5 miles from shopping, 8 miles from I-75 and just 10 miles from historic downtown Punta Gorda! It's a great waterfront find at an affordable price. For buyers seeking additional space, the adjacent vacant lot may also be available. Walk through now by clicking on the attached interactive 3D VIRTUAL TOUR!
Payment Calculator
Your Estimated Monthly Payment
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 31, 2026 | Sold | ||
| Sold | |||
| Jun 26, 2026 | In contract | - | |
| In contract | |||
| May 2, 2026 | Price Decreased |
$284,000
↓ $5K
(1.7%) | |
| Price Decreased | |||
| Mar 26, 2026 | Price Decreased |
$289,000
↓ $10K
(3.3%) | |
| Price Decreased | |||
| Jan 12, 2026 | Price Decreased |
$299,000
↓ $28K
(8.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017