5923 DAVID BOULEVARD
About This Property
Gulf Cove is a well-positioned community with no required HOA fees, giving property owners flexibility and freedom. For those who enjoy waterfront access, the voluntary Gulf Cove Property Owners Association offers members access to a private park and boat ramp on the Myakka River for a small annual fee - ideal for boating, fishing, and exploring Charlotte Harbor and beyond.
Conveniently situated near shopping, restaurants, medical facilities, and Charlotte Sports Park, this location keeps you close to everyday necessities while still providing a relaxed residential atmosphere. Beautiful Gulf beaches are just a short drive away, and easy access to Interstate 75 and nearby airports - including Punta Gorda Airport - makes travel effortless.
Whether you're ready to build now or looking to secure land in a steadily growing area, 5923 David Blvd is a smart move in Southwest Florida.
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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 |
|---|---|---|---|
| Apr 6, 2026 | Sold | ||
| Sold | |||
| Feb 11, 2026 | Listed by CENTURY 21 SUNBELT REALTY | $20,000 | |
| Listed by CENTURY 21 SUNBELT REALTY | |||
| Feb 27, 2024 | Listed by FRONTIER REALTY SERVICES, INC. | $11,900 | |
| Listed by FRONTIER REALTY SERVICES, INC. | |||
| | |||
|
Two lots side by side. $11,800 each. Access to the Myakka River, Community boat ramp. Look for the sign. Price per lot.
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| Mar 25, 2009 | Sold | ||
| Sold | |||
| Dec 5, 2008 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017