29290 CLARA DRIVE
About This Property
Rare opportunity to own a spectacular acreage lot in the highly sought-after, equestrian-friendly community of Charlotte Ranchettes in Punta Gorda! This prime piece of land is already partially cleared and primed for immediate development, saving you thousands in initial site prep. Skip the massive utility delays: electricity is already on-site, and the owner has already purchased and installed the transformer! Additionally, a premium 210-foot-deep well is already in place, leaving you only needing a septic system to complete your infrastructure.
Zoned Agriculture (AG), this property is the ultimate blank canvas for your rural paradise. Bring your horses, farm animals, boats, RVs, and oversized toys-there is no HOA here to dictate your lifestyle.
Enjoy the absolute best of both worlds: a peaceful, quiet country setting surrounded by nature, yet located just minutes from top local attractions. You are a short drive from historic downtown Punta Gorda's waterfront dining, boutique shopping, and the popular Harborwalk. Boating and fishing enthusiasts will love the proximity to Charlotte Harbor and local boat ramps, while quick access to I-75 makes commuting a breeze. Why wait for a developer's cramped lot when you can build your custom homestead with ultimate freedom? Schedule your visit today!
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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 |
|---|---|---|---|
| Jun 5, 2026 | Listed by REFINED REALTY LLC | $105,000 | |
| Listed by REFINED REALTY LLC | |||
| Dec 13, 2025 | Relisted | $85,500 | |
| Relisted | |||
| Dec 4, 2025 | In contract | - | |
| In contract | |||
| May 19, 2025 | Price Decreased |
$85,500
↓ $14K
(14.3%) | |
| Price Decreased | |||
| Jan 16, 2025 | Listed | $99,800 | |
| Listed | |||
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BUILD YOUR DREAM HOME on this beautiful 1.25-acre property! The land has been mostly cleared, offering a fantastic opportunity to create your ideal space. An environmental survey has been completed, and utilities such as electricity are already in place. Water is also available, and there are no HOA restrictions—perfect for country living with the freedom to bring your animals.
This property is ideally located just a short drive from I-75, Punta Gorda Airport, Downtown Punta Gorda, as well as boating, fishing, and Charlotte Harbor. You’ll also find plenty of dining, shopping, and entertainment options nearby, including Sanibel Island, Punta Gorda Airport, Fort Myers, and the New Sun Seekers Resort.
The seller has also provided a well pump, necessary piping, and connections. Additionally, there is a temporary septic system that is regularly serviced. Take advantage of this incredible opportunity to build your dream home and enjoy all the beauty Florida has to offer.
All information should be independently verified by the buyer and their agent.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017