574 MACEDONIA DRIVE
About This Property
Imagine waking up to breathtaking sailboat water views and ending your day with spectacular sunsets from your own backyard. This is the dream offered by this 3-bedroom, 2-bathroom, 2-car garage home, perfectly situated on an oversized corner lot (just over 1/3 acre) in the highly sought-after community of Burnt Store Isles, Punta Gorda. Built in 1998 by renowned local builder Tim Towles, this one-owner home boasts nearly 2,000 square feet of living space designed to embrace the Florida waterfront lifestyle. The open floor plan seamlessly connects the kitchen, dining room, and living room, all flowing effortlessly out to the spacious lanai and refreshing pool. Prepare meals with a view, entertain guests with ease, or simply relax and soak in the abundant natural light that fills every corner. Step outside to your private oasis featuring a dock and boat lift, providing direct access to the glistening canals of Burnt Store Isles, just a quick boat ride to Charlotte Harbor and the Gulf beyond. No bridges! The fantastic views of the water are truly captivating, and the evening sunsets are a special highlight you'll cherish every day. While this home offers incredible potential and is priced accordingly, it presents a fantastic opportunity for you to add your personal touch and create the waterfront retreat you've always envisioned. With some tender loving care and updating, you can transform this already charming residence into a modern masterpiece. Don't miss the chance to own a piece of paradise with great curb appeal and even better sunsets. This is more than a home; it's a lifestyle waiting to be lived. Close to I-75/US41 and nearby to Fishermen's Village, downtown Punta Gorda shops & restaurants, great boating, fishing, sailing, and more. Deed restricted community right next to Twin Isles Golf Course.
Burnt Store Isles has an optional HOA & optional boat club both w/active social calendars. Schedule your private showing 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%.
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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.
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About Punta Gorda
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017