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About this home
5 Tropicana Dr is a home in Punta Gorda Isles Sec 04, Punta Gorda. Flood zone AE - confirm flood insurance requirements with your lender.
Welcome to 5 Tropicana Drive, one of the few remaining premium buildable waterfront lots in Punta Gorda Isles. Ideally positioned at the northern tip of the highly desirable Sailboat Section, this rare key lot offers expansive panoramic views of Charlotte Harbor and an exceptional setting for a custom waterfront residence. The property features approximately 100 feet of seawall, significantly more than the typical 80 to 85 feet, providing ample room for multiple docks and boat lifts. The lot also lends itself well to an L-shaped home design, allowing the main living areas to capture the impressive harbor views while maintaining privacy throughout the outdoor and rear living spaces. Extensive pre-construction work has already been completed, including soil testing, engineering based on the soil results, surveys, an elevation certificate, site plans, architectural plans, and structural engineering. Current engineering indicates that pilings are not required. These documents and plans may be available to the purchaser at an additional cost, potentially saving considerable time during the design and permitting process. Several custom home designs are available for this property, with construction packages starting at approximately $800,000. Plans are available and ready to move forward, and the builder estimates an 8- to 9-month construction timeline following permit approval. This is a rare opportunity to create a custom waterfront home in one of Punta Gorda Isles’ most desirable locations, offering outstanding harbor views, generous seawall frontage, and direct sailboat access.
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The essentials
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Details
Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
Price history
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$699,900
Time on market
78 days
Monthly payment
About $4,762/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $9,147 annual tax bill, insurance.
Flood zone
Zone AE
That is a high-risk designation, so a lender will normally require flood insurance. Confirm the current rate before you write an offer.
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