Gulf Coast villas and land sales - Port Charlotte
Development Land for Sale Gulf Coast, Florida, United
South Gulf Cove, Port Charlotte
Situated on one of the few remaining stretches of un-developed
land on the Southern Gulf Coast, the new designated water
community of South Gulf Cove, is adjacent to the established
Rotunda area of Port Charlotte. Just 7 minutes away from the
Gulf of Mexico, the development has communal boat docks with
deep water access.
This area is ideal for a dream home, vacation pool home or
an investment for the future. We have plans available, with
optional extras or if you like you can design your own!
We have a number of 1/4 acre lots to sell, at $80,000
each (approx. £41,250 at the current exchange rate!), all
within the designated water community. Although the lots do
not have direct water frontage, there are communal boat docks
just a minutes walk away, with deep water. Water front
lots are available, but will start at $250K.
Many of the lots are situated together, so it would be possible
to purchase multiple lots and combine to make a larger single
lot if required. Restrictions apply to minimum size of building
but no maximum size is stipulated, so you can build your dream
home. You can build on all, any or none, as you wish, with
no time limits.
All utilities and road infrastructure are in place, and the
land is ready to clear and build on. Only a few homes have
so far been built, so the land prices remain affordable. However,
like the Port St Lucie area on the Atlantic coast, as more
homes are built and more facilities are provided (i.e. shops,
club houses, etc.) the land value will increase dramatically.
This is an amazing opportunity to buy land
so close to the ocean!
TOTAL CASH INVESTMENT
|TOTAL CASH INVESTMENT REQUIRED
(This results in:-)
|APPROX MONTHLY MORTGAGE PAYMENT
|Estimated annual expenses (assuming land remains un-developed)
Construction loans are available when/if you decide to build
on the land, and the whole can be re-mortgaged on completion
EXAMPLE HOMES YOU CAN BUILD
Choose from a selection of ready-to-build
models from of one of our selected developers building in
the region, or have a home designed to your own specification.
3 Bed/2 Bath designs available from $145,600.
The area is perfect for the vacation rental
market, as well as the more seasonal ‘snow-birders’, where
migrants move down to Florida from the North for extended
stays during the winter months. Should you decide to build
a home for investment; good rental returns can be achieved.
A local property management company will maintain and rent
your home for you.
ESTIMATED INCOME & EXPENDITURE:
3 Bed / 2 Bath Property
|Property Taxes & Insurance
|Cleaning Fees (est. 2 per month)
|Rental Program Contract
|Assume 34 weeks occupancy @ £625 per week
(est. exch. range 1.8)
|Less 10% Sales Tax
|Less Agent Commission $
|TOTAL ANNUAL INCOME
|NETT REVENUE to put towards mortgage
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