Listing Details for MLS #A4689087
7540 Coco Plum, Punta Gorda, Fl

Residential Property - Single Family Residence in Punta Gorda

Listing Price: $289,990 (Mortgage Calculator →)

Description of Property

Investor Opportunity in Burnt Store Meadows 7540 Coco Plum, Punta Gorda, FL 33956. This spacious 4-bedroom, 2-bathroom, 2-car garage residence offering approximately total area 2,712 square feet presents a prime value-add opportunity with strong margins for fix-and-flip, rental, or long-term hold strategies. Offered at $289,990 with an estimated $30,000 renovation budget and an after-repair value (ARV) projected at $400,000, this property delivers a compelling investment profile in a desirable and steadily appreciating market. The home features a functional and highly desirable split floor plan with high ceilings, recessed lighting, and tile flooring throughout, providing a solid base for cosmetic enhancements. The expansive open living area is ideal for modern redesign concepts and flows seamlessly through French doors to the covered lanai, creating excellent potential for indoor-outdoor living upgrades. The kitchen is already equipped with stainless steel appliances, granite countertops, a center island with breakfast bar, wood cabinetry, and a walk-in pantry with glass door offering a strong starting point for light updates to maximize resale value. The primary suite is generously sized and includes a walk-in closet and en-suite bathroom with dual sinks, a tiled walk-in shower, and a soaking tub. A connected flex space with French door entry can function as a fourth bedroom, office, or nursery, increasing versatility and buyer appeal. Two additional guest bedrooms are positioned on a split layout for privacy and share a full bathroom with a shower/tub combination and direct lanai access ideal for a future pool addition, further enhancing ARV potential. Key capital improvements have already been completed, significantly reducing upfront risk and major expense for the next owner: The property also features electronic hurricane shutters on both the front entry and rear lanai, adding convenience, safety, and insurance appeal. With LOW HOA fees and NO flood insurance required, ongoing ownership costs remain favorable an important factor for both investors and end users. Located in the quiet and well-maintained Burnt Store Meadows community, the property benefits from close proximity to area highlights including Burnt Store Marina with deep-water boating access and the Burnt Store Marina Country Club featuring a 27-hole golf course. Residents enjoy convenient access to the US-41 Multi-Use Trail connecting to Punta Gorda’s scenic pathways, as well as a short drive to Fishermen’s Village for waterfront dining, boutique shopping, and entertainment. Nearby parks and natural attractions, including Ponce De Leon Park, further enhance the location’s lifestyle appeal. Positioned just minutes from US-41 and I-75, this property offers excellent accessibility, supporting strong resale demand and rental potential. With solid structural components, desirable layout, recent major system upgrades, and clear cosmetic upside, this is a high-potential investment opportunity in one of Punta Gorda’s most sought-after communities. Unlock the value and capitalize on the spread schedule your showing today.The average asking price for a 4 bedroom/2 bath single family residence in this Zip code is $494,866. This single family residence is listed at about 59% of the average asking price. There are 21 4 bedroom/2 bath homes between $200,000 and $400,000 currently listed for sale in this Zip code. See other listings like this one »