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6321 DAVID BOULEVARD
About This Property
10,000 Sq.Ft. buildable lot in Gulf Cove, Port Charlotte, located in a quiet, rapidly growing neighborhood with new construction homes nearby. No environmental issues identified based on a completed environmental inspection, with full written report available at buyer's expense. Located in Flood Zone X (high and dry), this property offers a clean and ready-to-build opportunity.
Discover the opportunity to build your Florida dream home in the desirable Gulf Cove community of Port Charlotte, where peaceful residential living meets strong growth and everyday convenience. This homesite is ideally positioned in an area experiencing steady development, supporting long-term property value appreciation.
Enjoy the freedom of no mandatory HOA or CDD fees, while still having the option to join the Gulf Cove Property Owners Association for a low annual fee, which provides exclusive access to a private waterfront park and boat ramp on the Myakka River, with direct access to Charlotte Harbor-ideal for boating, kayaking, and fishing.
The location offers excellent convenience, just minutes from shopping centers, major retailers, medical facilities, restaurants, and the Charlotte Sports Park. When it's time to relax, the stunning Gulf Coast beaches, including Englewood and Boca Grande, are only a short drive away, offering some of the best sunsets in Florida.
Commuting is easy with nearby US-41 and Interstate 75, and multiple airports including Punta Gorda Airport providing efficient regional and national travel connections.
With continued growth in the area and increasing demand for buildable land, this property represents a strong opportunity for homeowners and investors looking to secure a position in one of Port Charlotte's most promising and fast-growing areas.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017