2171 Bayou ROAD
About This Property
This sailboat-access waterfront home offers an incredible opportunity for buyers looking to create their dream property. While the home sustained damage during recent hurricanes and requires significant repairs, its potential is unmatched.
All lower drywall, sheetrock, baseboards, and flooring have been removed, along with the lower cabinets in the kitchen and bathrooms. This provides a blank canvas for a complete remodel tailored to your vision-or the chance to tear down and build a brand-new home in this prime location.
The property is priced to reflect its land value and unbeatable proximity to Charlotte Harbor, making it the ideal spot for your powerboat or sailboat. The seawall is maintained by the city of Punta Gorda, and there are no HOA fees or assessments. Additionally, the transferable FEMA flood insurance policy was recently renewed, offering added peace of mind.
This home is conveniently located near the renowned Fishermen's Village, the brand-new Sunseeker Resort, major highways, and airports. Downtown Punta Gorda is just minutes away, offering unique dining, shopping, biking trails, pickleball courts, and waterfront activities.
Don't miss this tremendous opportunity to own a property in one of Punta Gorda's most desirable waterfront neighborhoods!
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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 |
|---|---|---|---|
| Mar 4, 2025 | Sold | ||
| Sold | |||
| Feb 12, 2025 | In contract | - | |
| In contract | |||
| Feb 9, 2025 | Price Decreased |
$425,000
↓ $25K
(5.6%) | |
| Price Decreased | |||
| Jan 12, 2025 | Listed by RE/MAX HARBOR REALTY | $450,000 | |
| Listed by RE/MAX HARBOR REALTY | |||
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About Punta Gorda
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017