5016 Palangos DRIVE
About This Property
Welcome to your idyllic retreat nestled on a sprawling 5-acre lot in the picturesque Punta Gorda countryside. This breathtakingly updated property offers you the perfect blend of peace, privacy, and space. Step inside your dream home and be welcomed by the cozy ambiance of the living room, where the gas fireplace, meticulously modeled with 100-year-old barn wood creates a warm and inviting atmosphere. The open-concept kitchen, with its sleek, newly updated cabinets and stylish backsplash is truly the heart of the home. Take advantage of the stainless steel appliances as you cook up delicious meals for your family and friends. This home boasts updated impact windows, a split bedroom concept, with the primary bedroom separated from the 3 other bedrooms and the large laundry/bonus room for your privacy. Your primary bedroom features dual closets for ample storage and a beautiful ensuite bathroom with a tranquil garden bath, a walk-in shower, and two vanities. Enjoy the calming sounds of nature as you sip coffee in the mornings on the screened and covered lanai looking out on your own private pond, and end your day with a glass of wine, watching the sunset on the covered front porch. You will never have to worry about going without power as the home boasts a whole-home generator and gas appliances.
Not only does this property have a 2-car attached garage, but for additional vehicle storage you will have a fully insulated outbuilding 32x40 10 ft ceiling ,with zone-controlled AC, pull-through garage doors, running water both inside and outside, and a 50 amp RV hookup outside.
Situated at the end of a secluded road, this exquisite retreat offers unparalleled privacy and a home security surveillance system. . A fenced-back yard adorned with beautiful landscaping, and mature trees across the property provides a perfect setting for outdoor activities, and entertaining guests and even has the potential to be a wonderful horse property.
Tranquil living is within your grasp, with shopping, dining, and entertainment a mere 15 minutes away in downtown Punta Gora. Don't miss out on this incredible opportunity to call this stunning property your own! Contact us today to schedule a private viewing and start living the peaceful life that you deserve.
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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 |
|---|---|---|---|
| Feb 18, 2025 | Sold | ||
| Sold | |||
| Jan 18, 2025 | In contract | - | |
| In contract | |||
| Dec 16, 2024 | Price Decreased |
$689,900
↓ $10K
(1.4%) | |
| Price Decreased | |||
| Sep 25, 2024 | Price Decreased |
$699,900
↓ $25K
(3.5%) | |
| Price Decreased | |||
| Sep 13, 2024 | Relisted | $725,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017