7605 RIVERSIDE DRIVE
About This Property
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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%.
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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 |
|---|---|---|---|
| Feb 7, 2026 | Listed by RE/MAX ALLIANCE GROUP | $550,000 | |
| Listed by RE/MAX ALLIANCE GROUP | |||
| Feb 5, 2025 | Listed | $675,000 | |
| Listed | |||
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LOCATION, LOCATION, LOCATION! This 9.2-acre property is strategically positioned in the heart of Punta Gorda, making it an ideal location for various purposes. It's a small builder's dream for a unique neighborhood on this high-ground parcel of pine, oak, and palmettos. Its zone RE1 (1 Home /acre) has room for a private pool and a guest house. The zoning allows for spacious and comfortable living. For developers who are looking to establish an estate home community, this is IDEAL! A public boat ramp with Charlotte County Harbor access is within proximity to the property, this is important for those who enjoy boating and water activities. Less than 15 minutes to downtown Punta Gorda, where you can find several restaurants and shop. So many potentials and possibilities await you. It's worth noting that the property features a 170-foot easement for the Florida Power and Light (FPL) Make AN Offer Now, before someone else does!
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| Aug 2, 2022 | No longer available | - | |
| No longer available | |||
| Feb 1, 2022 | Listed by Robinson & Associates Realty L | $439,900 | |
| Listed by Robinson & Associates Realty L | |||
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A small builder's dream for a unique neighborhood on this high ground 8.96 acres of pine, oak and palmettos. It is zoned RE1 (1 home per acre with room for a private pool and a guest house) On city water, septic required, 170' easement for FL. Power and Light. Public boat ramp with Charlotte Harbor access close by. Less than 15 minutes to downtown Punta Gorda, restaurants, shopping, and everyday conveniences and activities. Ideal for a family compound to build 6 to eight single family homes. Suited for multiple estate homes with room for guest cottages. So many potential and possibilities that awaits you. Let's make a deal!!!
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| Sep 23, 2021 | Sold | ||
| Sold | |||
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About Cleveland
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RE/MAX ALLIANCE GROUP
Last Updated: 9 months ago
Data Source: Stellar MLS, MLS# C7521680
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