Address521 Drury Lane, PUNTA GORDA, FL, 33950

Price$1,300,000

  • 9 Beds
  • 7 Baths
  • Income
  • 3,818 SQ FT
  • Built in 1956

Under contract-accepting backup offers. Have you been seeking a profitable real estate investment opportunity in the extremely popular and trendy city of Punta Gorda? Majestically nestled on a 0.57-acre lot just 3-miles from Downtown Punta Gorda, this 7-unit paradise provides guests an unforgettable experience with delightful onsite amenities and ultra-comfortable accommodations. Boasting a gross revenue of approximately $265,000 in 2023, the property also offers an impressive 12.68% cap rate for those seeking an above-average ROI. Thoughtfully fashioned for the utmost tranquility, the grounds express an organically flowing vibe with gorgeous new tropical landscaping (2022), heated pool (new heater, pumps, filter, and housing-2022/2023), blissful gazebo, hammocks, a meditation area, soothing hot tubs, and several decks. Three buildings encompass 7 rental units, which each have a unique layout and appealing aesthetic. Two units, Guava Bungalow and Papaya Bungalow, each sleep four and include a kitchen, two bedrooms (total 4 twin beds), and a modern full bathroom. Two other units, Orange Bungalow and Coconut Bungalow, both sleep three and have a kitchen, 2+ twin beds/sofa beds, and a full bathroom, while one unit also has a private hot tub and deck. Three units, Avocado Bungalow, Grapefruit Bungalow, and Mango Bungalow, each sleep 2 and feature 2 twin beds (convert to King), a full kitchen, and a chic full bathroom, while one unit also boasts a jetted soaking tub. In addition, the property has a plethora of updates including fresh paint (2022), new deck (2022), new main house roof (2022), new duplex house roof (2022), new Chickee Hut wiring (2022), new flooring (2022), new septic pump/wiring (2022), new fence panels (2022), new window A/C (2022), and new W/D (2023). Residents will appreciate the outstanding proximity to desirable conveniences, such as artistic venues, boutique shopping, world-class dining, and I-75. Get the coveted financial advantage of this rarely-available property, and call now for a tour!

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Essential Information

  • MLS® #T3494229
  • Price$1,300,000
  • Bedrooms9
  • Bathrooms7.00
  • Square Footage3,818
  • Acres0.57
  • Price/SqFt$340 USD
  • Year Built1956
  • TypeIncome
  • Sub-TypeMulti-Family
  • StatusPending

Community Information

  • Address521 Drury Lane
  • AreaPunta Gorda
  • SubdivisionPINEAPPLE CENTRE
  • CityPUNTA GORDA
  • CountyCharlotte
  • StateFL
  • Zip Code33950

Amenities

  • ParkingCommon, Driveway
  • Has PoolYes

Interior

  • Interior FeaturesCeiling Fans(s)
  • HeatingWall Units / Window Unit
  • FireplaceYes

Exterior

  • RoofMetal, Shingle
  • FoundationCrawlspace, Slab

Additional Information

  • Date ListedJanuary 1st, 2024
  • Days on Market151
  • ZoningOMI

Listing Details

Appliances

Cooktop, Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer

Cooling

Mini-Split Unit(s), Wall/Window Unit(s)

Exterior Features

Balcony, Fence, Garden, Outdoor Grill, Outdoor Shower, Rain Gutters, Storage

Office

KELLER WILLIAMS SOUTH TAMPA

Please provide a valid email address.

Price Change History for 521 Drury Lane, PUNTA GORDA, FL (MLS® #T3494229)

Date Details Change
Status Changed from Active to Pending –
Status Changed from Pending to Active –
Status Changed from Active to Pending –
Price Reduced from $1,475,000 to $1,300,000 $175,000 (11.86%)
Price Reduced from $1,600,000 to $1,475,000 $125,000 (7.81%)

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