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Charlotte Park 33950
731 CORAL DRIVE
$300,000
● Mobile Manufactured - Off Market

731 CORAL DRIVE

PUNTA GORDA, FL 33950
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,192 Ft²
$340,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

AFFORDABLE WATERFRONT HOME! IT'S ALL ABOUT THE WATER ACCESS HERE WITH NO BRIDGES AND APPROXIMATELY 15 MINUTES TO OPEN WATER!  IF YOU WANT TO BE JUST STEPS FROM YOUR DOCK AND/OR BOAT, THEN THIS IS THE ONE FOR YOU!  THIS HOME IS CUTE AND CLEAN WITH 2 BEDROOMS, 2 BATHROOMS, INSIDE LAUNDRY AND A BONUS ROOM OFF THE LIVING ROOM FOR YOUR CRAFTS, OFFICE OR WHATEVER ADDITIONAL SPACE YOU REQUIRE.    NO HOA, NO CDD, NO DEED RESTRICTIONS!!  NEW ROOF AND SOFFITS IN 2023! AC NEW IN 2019.  HOME IS JUST 10 MINUTES FROM DOWNTOWN PUNTA GORDA WITH ALL ITS SHOPS AND RESTAURANTS!  THIS HOME WOULD MAKE A GREAT WINTER/WEEKEND GETAWAY OR VACATION RENTAL INVESTMENT PROPERTY!
Unit Size
1,192 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$285
Property Type
Mobile Manufactured
Property Taxes
$218
HOA Dues
-
Year Built
2005

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 3 years ago (Stellar MLS #C7478807)

Price History

Date / Event Date Event Price
Nov 8, 2023 Sold
Premium
Sold
Sep 7, 2023 In contract -
In contract
Aug 2, 2023 Listed by KW PEACE RIVER PARTNERS $340,000
Listed by KW PEACE RIVER PARTNERS
Jan 16, 2015 Sold
Premium
Sold
Oct 21, 1997 Sold
Premium
Sold

Property Highlights

Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 3
  • Garage Square Area: 374
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 17
  • Pool Type: 0
  • Location Influence Type: 164

    Dimensions

  • Lot Size Square Feet: 7,650
  • Lot Size Depth Feet: 900
  • Lot Size Frontage Feet: 850
  • Total Building Area: 1,192
  • Gross Building Area: 1,192
  • Building Area: 1,192
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,192
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIVIERA LAGOONS
  • Land Acres: 0000000176
  • Standard Land Use Code: 1006
  • County Land Use Code: 0200
  • State Land Use Code: 002
  • Mobile Home Indicator: T
  • Legal Description 1: RIVIERA LAGOONS LT 19 RP/VIN-GAFL534A78263FL31&B(2005) 401/815 PR78-167 579/778 579/1619 1565/1548 2049/345 3935/346 UNREC DC-NJP

Neighborhood

  • School District Name: Charlotte County School District
  • Census Tract: 010405

Zoning

  • Zoning: MHC

Geography

  • Assessors Map Reference: 5B19S
  • Account Number: 00964170000005
  • Subdivision Tract Number: RLA
  • Parcel: 412319305005
  • Lot: 19
  • Meridian: SEC 19 TWN 41S RNG 23E
  • Latitude: 26.895
  • Longitude: -82.0525

    Address

  • Full Address: 731 Coral Dr
  • Address - House Number: 731
  • Address - Street Name: Coral
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Punta Gorda
  • Carrier Code: C012
  • 4-Digit Zip Code: 7710
  • Zip Code: 33950

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $490,625
  • Tax Rate Code Area: 104

    Appraisal Valuation

  • Standard Deviation: 0.4881
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 2
  • Final Value: 302,047
  • High Value: 449,476
  • Low Value: 154,617

    Market Valuation

  • Market Total Value: $261,175
  • Market Land Value: $147,173
  • Market Improvement Value: $114,002

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $261,175
  • Assessed Land Value: $147,173
  • Assessed Improvements Value: $114,002

    Sales

  • Current Sale Contract Date: Oct 31, 2023
  • Current Sale Recording Date: Nov 08, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3336191
  • Previous Sale Recording Date: Jan 16, 2015
  • Previous Sale Contract Date: Dec 29, 2014
  • Previous Sale Amount: $145,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Charlotte Park

Stats & Trends

Median Asking:

$344,000

Sale Price/ft²

$217

Below Asking

0.04%

Average Days on Market

78

Average Home Size

1887 ft²

Average Home Age

32.8 years

Currently For Sale

30 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 255 W End Drive, FL, 33950

$2,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,768 ft²
255 W End Drive #2210, FL, 33950 Listing by Andy Lebo
Unit for rent at 423 Matares Drive, FL, 33950

$2,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,650 ft²
423 Matares Drive, FL, 33950 Listing by Libbie Scherer
Unit for rent at 731 Tangerine Court, PUNTA GORDA, FL, 33950

$2,600 /mo

  • 2 Beds
  • 2 Baths
  • 1,058 ft²
731 Tangerine Court, PUNTA GORDA, FL, 33950 Listing by Ruth Keiling

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Nancy Weber
KW PEACE RIVER PARTNERS
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# C7478807
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 731 Coral Drive built and last sold?
The property at 731 Coral Drive was built in 2005 and last sold on Oct 31, 2023 for $300,000.
How much is this home worth?
The estimated value of the home located at 731 Coral Drive is $336,214.
What are some comparable homes to 731 Coral Drive?
There are currently no comparable homes to 731 Coral Drive.
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