Punta Gorda, land of opportunity. Here is a one-of-a-kind chance to hit the ground running with an outstanding luxury condominium development. This +/-1 acre parcel sits in the heart of Punta Gorda's highly desirable “PGI” neighborhood where most homes and condos enjoy deep water boating access to Charlotte Harbor and the Gulf of Mexico. The lot is level and cleared with 198 feet of City maintained concrete seawall. Six pre-stressed concrete docks are in place, affording slips for 12 boats up to 30 feet. Construction power and water are in place and complete drawings for a 2-story 12-unit luxury building with private garages can be provided. The lot is zoned multi-family for 15 units. Neighboring lots with the same zoning have been granted variances for 18-unit structures with 3 living floors and parking under. The same may be possible here.
Punta Gorda is a growing city of 22,000 people with a comfortable accessibility. Restaurants, shops, parks and outdoor activities abound and create a small town sophisticated atmosphere. Many compare Punta Gorda to Naples 20 years ago. The City's popularity has led to increasing property values and it was recently pointed to as having the country's highest year over year appreciation at 27.8%. The City has always been attractive due to its 50+ miles of canals and access to bodies of water that are among the best fishing and day-tripping areas in the country. In recent years the City has become even more popular as Sarasota and Naples to the north and south have become overcrowded and extremely high priced.
Punta Gorda's building opportunity window is rapidly closing. Reportedly only 6% of residential land in the Gulf access areas of Punta Gorda Isles is now vacant and almost all of this is zoned single family. This particular parcel represents an ideal combination of ready land, upscale neighborhood and the deep water boating opportunities that most new residents are looking for.