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2139 PALM TREE DRIVE
About This Property
Perfectly positioned on 80 feet of direct Charlotte Harbor frontage, this sailboat-access property offers no bridges to open water, making it a dream location for avid boaters and anglers alike. From your backyard, set out for world-class fishing, leisurely cruises, waterfront dining, or adventures into the Charlotte Harbor and beyond to the Gulf of America.
Inside, every detail reflects quality and sophistication. All three generously sized bedrooms feature private en-suite baths, providing comfort and privacy for family and guests. The upper-level primary retreat is a sanctuary of its own, complete with an expansive walk-in closet, elevator access, and a spacious private balcony where panoramic views of the harbor and the charming skyline of Punta Gorda create the perfect backdrop for morning coffee or spectacular sunrises.
The oversized two-car garage boasts extra-high ceilings that may possibly accommodate a vehicle lift, offering flexibility for collectors or hobbyists. Throughout the home, luxury finishes, storm-rated windows, and roll-down hurricane protection provide both beauty and peace of mind.
Life here extends far beyond the property lines. Residents enjoy the renowned boating culture, vibrant downtown restaurants and shops, waterfront parks, pickleball and tennis facilities, and numerous nearby golf courses that have made Punta Gorda Isles one of Southwest Florida's most sought-after waterfront communities.
This is more than a home-it's an invitation to embrace an exceptional coastal lifestyle where every day begins and ends with the beauty of the harbor.
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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 |
|---|---|---|---|
| Sep 22, 2026 | Price Decreased |
$2,099,000
↓ $250K
(10.6%) | |
| Price Decreased | |||
| Aug 3, 2026 | Price Decreased |
$2,349,000
↓ $151K
(6%) | |
| Price Decreased | |||
| Jun 18, 2026 | Listed by COLDWELL BANKER SUNSTAR REALTY | $2,500,000 | |
| Listed by COLDWELL BANKER SUNSTAR REALTY | |||
| Jul 19, 2019 | Sold | ||
| Sold | |||
| Dec 16, 1998 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017