5451 GROVEWOOD CIRCLE
About This Property
Welcome to 5451 Grovewood Circle-where peaceful country living meets modern comfort. Situated on 2.5 fully fenced acres in the desirable Punta Gorda Acres community, this beautifully updated 2-bedroom, 2-bath home offers the perfect blend of charm, privacy, and functionality.
Step inside to find a bright and inviting great room, a functional kitchen, and spacious bedrooms with walk-in closets. Updates throughout the home make it move-in ready while still offering room to personalize.
Bring your horses, cows, and chickens-this property is zoned for agriculture and offers plenty of space for your animals. The large detached shed is perfect for storage, hobbies, or a workshop, while the covered porch and back patio provide relaxing spots to take in the tranquil surroundings.
All this is just minutes from downtown Punta Gorda's shopping, dining, and waterfront charm-offering the best of both worlds: a private rural retreat with city conveniences close by.
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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 16, 2026 | Sold | ||
| Sold | |||
| Jan 9, 2026 | In contract | - | |
| In contract | |||
| Nov 16, 2025 | Price Decreased |
$399,000
↓ $30K
(7%) | |
| Price Decreased | |||
| Sep 21, 2025 | Relisted | $429,000 | |
| Relisted | |||
| Sep 20, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017