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751 CORAL DRIVE
About This Property
A valuable bonus is the public WATER METER already installed, saving the new owner approximately $2,700 in connection costs. Public water and sewer are available, making it even easier to start building.
With no HOA fees and no deed restrictions, you'll have the freedom to design the home that fits your lifestyle while keeping your boat right in your backyard. Located just minutes from historic downtown Punta Gorda, you'll enjoy waterfront dining, boutique shopping, parks, farmers markets, festivals, marinas, and world-class fishing. Conveniently located only about 10 minutes from Punta Gorda Airport and approximately 40 minutes from Southwest Florida International Airport, this property offers the perfect combination of boating, convenience, and Florida waterfront living.
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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 |
|---|---|---|---|
| Sep 1, 2026 | Price Decreased |
$169,500
↓ $10K
(5.6%) | |
| Price Decreased | |||
| Jan 24, 2026 | Listed by KW PEACE RIVER PARTNERS | $179,500 | |
| Listed by KW PEACE RIVER PARTNERS | |||
| Apr 9, 2022 | No longer available | - | |
| No longer available | |||
| Apr 8, 2022 | Sold | ||
| Sold | |||
| Apr 2, 2022 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017