29031 Tortoise Trail
About This Property
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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 |
|---|---|---|---|
| Dec 30, 2025 | Sold | ||
| Sold | |||
| Dec 16, 2025 | In contract | - | |
| In contract | |||
| Nov 25, 2025 | In contract | - | |
| In contract | |||
| May 23, 2025 | Listed | $85,000 | |
| Listed | |||
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In the serene and growing community of Peace River Shores. This generously parcel offers ample space to build your dream home, with the flexibility to design a custom layout that suits your lifestyle. Surrounded by natural beauty, the lot is conveniently located near the Peace River, providing easy access to boating, fishing, and outdoor recreation. Just minutes from downtown Punta Gorda’s charming shops, dining, and entertainment, this location perfectly balances tranquility and convenience. HOA allowing for greater freedom in development. Utilities are nearby, simplifying the building process. Ideal for buyers seeking a peaceful retreat or investors looking to capitalize on Punta Gorda’s expanding real estate market. Don’t miss out on this prime piece of Florida paradise.
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| May 5, 2025 | Listed by Realty One Group Evolution | $85,000 | |
| Listed by Realty One Group Evolution | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017