2226 Carmalita StPunta Gorda, FL 33950

Property Details for 2226 Carmalita St

Lot size

55.00 AC

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 55-acre parcel in Punta Gorda, Florida, presents a remarkable multifamily development opportunity. Priced at $11,000,000, this fee-simple property is zoned RMF 10-12, allowing for high-density residential construction. The site comprises approximately 19 acres of lakes and 36 acres of land, currently used for grazing cattle, with existing lakes suitable for stormwater retention. Detailed surveys—topographic, wetlands, environmental, and tree—have already been completed. The property's strategic location offers proximity to key amenities: Florida Southwestern State College - Charlotte Campus (1.6 miles), the new Sunseeker Resort (under 4 miles), and Punta Gorda Airport (2.5 miles). Furthermore, its position near downtown, schools, parks, and athletic fields enhances its appeal. The seller is offering financing with a 20% down payment and a 5.5% interest-only loan for three years. The property includes two parcels: Parcel 1 (35+ acres, 25385 Dundee Road) and Parcels 2 & 3 (20+ acres, 2176 & 2226 Carmalita St). Note that the buyer is responsible for monthly carrying costs during due diligence. This rapidly developing area of Florida's Gulf Coast is experiencing significant growth in tourism, residential, and commercial sectors, making this a prime investment opportunity. The potential for approximately 504 units makes this a substantial undertaking with significant long-term potential. The adjacent development by DR Horton further underscores the area's growth trajectory.

Location Insight

City

Punta Gorda

County

Charlotte

State

Florida

Latitude

26.9297

Longitude

-82.0263

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].