Land - Real Estate in Punta Gorda
SOLD for $710,000 on December 9, 2021
Listing Price: $449,000Sold Price: $710,000Sold Price/List Price: 158%
Description of Property
This offering is a 7.17 acre project of medium density RMF10 zoning permitting approximately 64 or even more housing units. The property is just off Luther Road fronting on Tangerine Avenue about 300 feet east of Luther Road and is adjacent to a 4.3 acre commercial general site. There was a proposed PD project that consisted of 51,200 sqft. of residential units with 121 parking spaces. All residential units were to have a waterfront view as planned with a clubhouse and pool. Currently the property is native and undeveloped. Any proposed development of the future can be reconfigured or even have density transfers to enhance the opportunities for a developer at this site. The RMF zoning permits homes, duplexes, mulit-family residences, cluster homes and patio homes. With SPECIAL EXCEPTION approval, nursing homes, adult congregate living facilities, group homes, child and adult day care facilities and schools may be permitted. Consult the local zoning official for details regarding other concepts which may be possible with the zoning boards approval. Across Tangerine Ave. is another multi-family offering of about 9.5 acres which is available and for sale by the present owners. The general area has historically been designated for multi-family developments, churches, public service (Fire & EMS) and commercial type uses.
Property Details At A Glance
Property Type: Land
City: Punta Gorda
County: Charlotte
Subdivision: Acreage
Annual Tax: $9,144
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Utilities:
- Electrical Nearby
- Sewer Connected
- Water Available
Sewer: Public Sewer
Water Source: Public
Lot Information
Lot Size (acres): 7.17
Lot Size (sq. ft.): 312,325 square feet
Lot Dimensions: 653x647x292x740 Est.
Front Exposure: North
Legal Description & Other Information
Financing Available: Cash
Parcel Number: 402317252001
Zoning: RMF10
Tax Legal Desc.: ZZZ Sec 17 T40S R23E;A part of P-1-36; 7.17 AC M/L; THE SW1/4-SW1/4-NE1/4 AND W1/2-SE1/4-SW1/4-NE1/4 LYING E OF I-75 less the Westerly 4.3 acres zoned CG. Legal Descriptions subject to a survey. 881-588 1067/979 E1975/333 2331/1912 3936/228
Listing courtesy of COLDWELL BANKER REALTY. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.