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Map
727 MARLIN DRIVE
About This Property
This expansive residential lot boasts a generous 70' canal frontage, offering direct access to Charlotte Harbor via two bridges. With public water available and no deed restrictions or Homeowners Association to worry about, it's the ideal canvas for your dream home.
Located just beyond Punta Gorda's city limits, you're still close enough to enjoy all the perks of Florida's finest small city. Discover the best of boating, an active lifestyle, fishing, arts, culinary delights, festivals, and more! Punta Gorda's proximity to Interstate 75 (just one mile away) and Punta Gorda Airport (3.7 miles) ensures easy access, whether by air, land, or sea.
Consider the optional membership to the Charlotte Park Civic Association, granting access to a community building and convenient Community Boat Ramp. This property is also outside the scrub jay review area, aligning with the Charlotte County Habitat Conservation Plan. Your Punta Gorda dream home awaits!
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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 18, 2026 | Price Decreased |
$115,000
↓ $500
(0.4%) | |
| Price Decreased | |||
| Jan 14, 2026 | Price Decreased |
$115,500
↓ $500
(0.4%) | |
| Price Decreased | |||
| Jul 11, 2025 | Price Decreased |
$116,000
↓ $500
(0.4%) | |
| Price Decreased | |||
| Apr 24, 2025 | Price Decreased |
$116,500
↓ $1K
(0.9%) | |
| Price Decreased | |||
| Mar 19, 2025 | Price Decreased |
$117,500
↓ $500
(0.4%) | |
| Price Decreased | |||
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THE FIRM RE
Last Updated: 7 months ago
Data Source: Stellar MLS, MLS# S5092406
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