838 Santa Margerita LANE, Punta Gorda, FL, 33950 | $724,900

VERY RARE OPPORTUNITY! 2 WATERFRONT PGI LOTS in one parcel with BEAUTIFUL POOL HOME on one lot. Build on or sell the vacant lot which has a 32’ft dock (5 new pilings). 99’ total seawall with both lots. The seawalls in Punta Gorda are maintained by the city. The 2073 sqft home had 8 inches of saltwater intrusion from Milton. Immediately remediated! Partial drywall and cabinetry throughout with kitchen and baths removed so you can make it your own. Take a look at the spacious floor plan included in the pictures and design your dream interior. The lovely entrance features etched glass double doors opening to a large living room and dining area. Perfect flow for entertaining inside or out as the 4 sliding doors pocket to give you spacious living and a gorgeous view. Enjoy the lanai with your family and friends or take a dip in the 28’ x 14’ pool. The pool includes a built-in pool vac system for low maintenance. There are 3 oversized bedrooms, laundry room, plus an office or bonus room. The primary bedroom has 2 full size walk-in closets and an ensuite bath. Plantation shutters and crown molding throughout add to the charm of this home. The backyard is fenced and leads to the boat dock and small lift. The yard, on which the home sits, has a fully functional 6-station irrigation system. If you decide not to complete the home, you will have a profitable investment or place to build a larger home. Plenty of parking in the circular drive and lots of street appeal. It’s located on the Remora Lagoon Canal just minutes from the harbor in your powerboat. Walk or bike to Fisherman’s Village or enjoy historic downtown Punta Gorda with boutiques and fun restaurants nearby. This property and location are sure to delight. Must see and stimulate your imagination and creativity. Schedule your appointment today!

Features

  • Rooms: 11
  • Bedrooms: 3
  • Baths: 2 full
  • Laundry: Electric Dryer Hookup, Inside, Laundry Room, Washer Hookup
  • Style: Florida
  • Year Built: 1972
  • Garage: 1-car
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 2,073
  • Acreage: 0.51
  • Est. Taxes: $6,430
  • Lot Desc: Corner Lot, Flood Insurance Required, FloodZone, City Lot, Irregular Lot, Landscaped
  • View: Water
  • Elem. School: Sallie Jones Elementary
  • Middle School: Punta Gorda Middle
  • High School: Charlotte High
  • Pool: Gunite, In Ground
  • Pet Policy: Yes
  • Appliances: Electric Water Heater, Range, Refrigerator
  • MLS#: C7501585
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/C7501585/838santamargeritalane_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 12/12/2024 8:17:07 AM)
Listing courtesy of KW PEACE RIVER PARTNERS   Phone: 941-875-9060

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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838 Santa Margerita LANE, Punta Gorda, FL, 33950

$724,900

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 $579,920 $579,920 $579,920
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.625% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.300% 6.778% 6.034%
Monthly Tax Payment $536 $536 $536
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,761 $3,713 $4,816
Total Monthly Payment $4,389 $4,341 $5,444

* 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.