What Your Money Buys
Waterfront homes in Punta Gorda range in price from $200,000 to $5,000,000. The wide range in price is because we have a wide variety of choices. Price is determined by many factors such as age of the home, distance to open water, size of the seawall, water view and household amenities. The homes in our neighborhoods have a wide range of ages. Our oldest homes were built in the late 1950's and we are still building homes today. The average seawall is 80' in length. The terms "sailboat access" and "power boat access" refer to bridges. Sailboat access means no bridges between you and open water. Our bridges are 13' at high tide. So, if you need more than 13' clearance, you need to be in the sailboat area. The water depths are the same throughout the area. We don't recommend more than a 5' draft. We have some deeper draft boats but they have great difficulty getting out in the winter and play the tides all year round.
Homes under $300,000 are usually at least 30 years old. They may or may not have a pool. Usually, the boating access is very good. Most, if not all, will need updating.
Homes over $300,000 start getting newer depending on location. A lot of the pricing is determined by how far it is to open water. A $300,000 home in the original sailboat section (which is 5 minutes to open water) may well be a tear-down house where the same priced home with a 60 minute boat ride may be a 5-10 year old home. Everyone has a lot of decisions to make when considering waterfront real estate in Punta Gorda/Port Charlotte. Homes starting at over $500,000 are usually newer and have closer boating access. As the prices go up, the houses and lots have more and more amenities.
In Punta Gorda, the majority of waterfront lots are found in either Punta Gorda Isles or Burnt Store Isles and are privately owned. PGI, Inc., the developer of both Punta Gorda Isles and Burnt Store Isles, finished their work in the mid 1980's after selling all their properties. Because everything is privately owned, there is a variety of asking prices. Much like homes, the price of a waterfront lot will depend on size of seawall, water view, sailboat or power boat access and boating distance to open water. Vacant lots are negotiated just like purchasing a resale home.
Vacant lots in Punta Gorda Isles and Burnt Store Isles will start around $100,000 and go up from there, again with price depending on size, view and location.
Gulf-access, waterfront lots in Port Charlotte have an even wider range. Lots in developing areas start as low as $65,000. Gulf-access, waterfront lots located in developed areas of Port Charlotte start around $90,000.
We have many fine builders in the area. We'd be happy to help you select the right one for you. We know which ones are good and not so good. There really isn't an accurate estimate for price per square foot because of all the extras that go into custom-built homes, such as pools, lanais, kitchen features, etc. We would estimate the average home with a pool under construction at this time is between $400,000 - $700,000 plus the cost of land.
There is a wide variety of condos for sale in Punta Gorda. There are very few waterfront condos for sale in Port Charlotte because there are not many complexes on the water in Port Charlotte. In Punta Gorda, condos vary as much homes and vacant lots. Size, age, and view are price factors. One of the biggest price factors for waterfront condos in our market is the availability of dockage. There are four types of docks that come with a condo: deeded, assigned, 1st come/1st serve and none. Obviously, none is unacceptable if an owner has a boat. Deeded allows the most flexibility and security but also costs the most. All condo associations have their own rules and regulations regarding dockage within their complexes.
Prices for waterfront condos with any sort of dockage start at $150,000 and can be as high as $700,000. At $150,000, a condo will be older, smaller and have 1st come/1st serve docks. At $200,000, deeded docks in newer units start to become possible. As with homes and vacant land, time to open water and bridge access are reflected in sale prices.