500 Ridgecrest DRIVE, Punta Gorda, FL, 33982 | $489,000

This exceptional property is perfect for those seeking an upgraded WATERFRONT home with an array of desirable features. Set on a double lot, the residence boasts three bedrooms and three full bathrooms, with an additional half bath in the garage. The OPEN FLOOR PLAN effortlessly connects the living room, kitchen, and dining areas, creating a warm and inviting space. The kitchen is a standout, featuring a FOLDING WALL OF GLASS seamlessly blending the indoor living area with the screened, in-ground heated pool and outdoor space for an authentic indoor-outdoor lifestyle. Most of the home’s furnishings are included, adding convenience for the new owner. Bedroom 3 has its own bath and outside entrance, which could serve as a convenient mother-in-law suite.

A detached three-car garage on the additional lot includes an air-conditioned space that serves as a storage or a game room with POOL TABLE. This is a dream Man-Cave. The garage and workshop bays have a built in shop-vac vacuum system for the woodworker or handyman. The surrounding landscaped area is adorned with a beautiful BUTTERFLY GARDEN and includes an outdoor fire-pit area, enhancing the property’s natural charm. An additional storage building provides even more storage space and features a built in exhaust fan. The long-lasting METAL ROOFS on both the home and the garage ensure durability and peace of mind.

Enjoy the serene views of Jim Long Lake from the front porch and living room, adding to the peaceful ambiance. For boating enthusiasts, the community boat ramp offers direct access to Jim Long Lake, Peace River, Charlotte Harbor, and the Gulf, allowing for a variety of fishing and recreational activities. The property also includes a lot across the street with a separate parcel number, which has five boat slips along a canal that extends from the lake to Ridgecrest Drive, offering further convenience (note that some dredging work may be needed). Additional boat slips are owned by other homeowners in the Peace River Shores community.

To enhance your experience, be sure to visit the members-only boat ramp, picnic area, and clubhouse. With no hurricane damage or history of flooding, this home is move-in ready and set to become your own private retreat.

Features

  • Rooms: 5
  • Bedrooms: 3
  • Baths: 3 full / 1 half
  • Lot Size: 100 x 112
  • Laundry: Inside
  • Year Built: 1976
  • Garage: 3-car
  • Heating: Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 1,565
  • Acreage: 0.51
  • Lot Size: 100 x 112
  • Est. Taxes: $3,560
  • HOA Fee: $65 Annually
  • Lot Desc: FloodZone
  • View: Garden, Water
  • Pool: Gunite, Heated, In Ground, Screen Enclosure
  • Pet Policy: Yes
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Microwave, Range, Range Hood, Refrigerator, Washer
  • MLS#: C7499946
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/C7499946/500ridgecrestdrive_puntagorda_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/16/2024 2:37:09 PM)
Listing courtesy of COLDWELL BANKER SUNSTAR REALTY   Phone: 941-627-3321

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NMLS Mortgage Loan Originator ID 16953

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500 Ridgecrest DRIVE, Punta Gorda, FL, 33982

$489,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $391,200 $391,200 $391,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.582% 7.159% 6.518%
Monthly Tax Payment $297 $297 $297
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,669 $2,600 $3,354
Total Monthly Payment $3,041 $2,972 $3,726

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.