NOT LISTED FOR SALE

8979 Burnt Store Rd Punta Gorda, FL 33950

South Punta Gorda Neighborhood

Estimated Value: $4,472,341

49.33 Acres
$90,662 Price per Acre
2,148,815 Sq Ft Lot

Last Sold April 01, 2020

Last sale price $525,000

Est. 752% increase in value since last sale

Current estimated payment $28,276/month

302 Days on Market

Highlights

  • Lake View
  • 49.33 Acre Lot
  • Heating Available
  • Sallie Jones Elementary School Rated A-
  • No HOA

About This Lot

As of April 2020

Just under 50 Acres zoned for Planned Unit Development on Burnt Store Road in Punta Gorda.
Multi-Family Development Opportunity - +/- 49 acres with 2 inter-connected lakes on Burnt Store Rd., in Punta Gorda. PD conditions state a retained base density of 49 units with a maximum building height of 38 feet. Property has a sunsetted DRC plan for the development of up to 80 units.
Excellent location between US 41 and I-75, with access from Taylor Rd., via Airport Road to the North and Jones Loop Road to the South. Nearby are Retail Shops, Medical and Service businesses including New Aldi & WaWa's, Publix, Walmart, Home Depot, Fisherman's Village and others. This is the exit for Punta Gorda airport & for downtown Punta Gorda with shopping, dining, parks and beaches. Contact us for a detailed site analysis.

Co-Listed By

James Quinn

KW PEACE RIVER PARTNERS License #3081703

KW PEACE RIVER PARTNERS

Last Buyer's Agent

Stellar Non-Member Agent

Stellar Non-Member Office

Stellar Non-Member Office

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,615

Lot Details

  • 49.33 Acre Lot
  • Lot Dimensions are 1360x1630
  • East Facing Home
  • Property is zoned PD

Property Views

  • Lake Views

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 412317476001

Property Details

Property Type

Land

Est. Annual Taxes

$3,615

Lot Details

0

Listing Details

  • Property Type: Land
  • Lot Size Acres: 49.33
  • Lot Size Sq Ft: 2148814
  • Directions to Property: From downtown Punta Gorda, head southwest on E Marion Ave toward Milus St. Turn left onto Dupont St. Continue onto Elizabeth Street. Turn left onto Taylor Street. Turn right onto Burnt Store Road. Turn right onto Sevilla Avenue. Destination will be on the right.
  • Status: Sold
  • Total Acreage: 20 to less than 50
  • Ratio: Close Price\List Price: 0.7
  • Price per Sq Ft: 0.24
  • Close to Original List Price Ratio: 0.5
  • View: No
  • Co List Office Mls Id: 274501116
  • Co List Office Phone: 941-875-9060
  • Ownership: Other
  • Tax Year: 2018
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Street Number Modifier: 8979

Exterior Features

  • Direction Faces: East
  • Waterfront: No
  • Water View: Lake
  • Water View Y N: Yes
  • Front Footage: 1630
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12015C0244F
  • Additional Water Information: 2 inter-connected lakes on the property

Garage/Parking

  • Open Parking: No

Utilities

  • Utilities: Other
  • Sewer: None
  • Water Source: None
  • Cooling Y N: No
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Association Fee Requirement: None

Lot Info

  • Zoning: PD
  • Parcel Number: 412317476001
  • Additional Parcels: No
  • Current Use: Residential
  • Lot Features: In County
  • Lot Dimensions: 1360x1630
  • Price Per Acre: 10643
  • Flood Zone Code: AE
  • Flood Zone Date: 2003-05-05
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • For Lease Y N: No

Tax Info

  • Tax Annual Amount: 3615
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 21, 2021
Sold by
8979 Burnt Store Llc
Bought by
Punta Gorda Llc
Current Estimated Value
$4,472,341

Purchase Details

Listed on
Jun 29, 2018
Closed on
Mar 25, 2020
Sold by
Old Burnt Store 50 Llc
Bought by
Burnt Store Llc
Buyer's Agent
Stellar Non-Member Agent
Stellar Non-Member Office
List Price
$1,050,000
Sold Price
$525,000
Premium/Discount to List
-$525,000
-50%

Purchase Details

Closed on
May 6, 2004
Sold by
Cray Construction & Development Inc
Bought by
Old Burnt Store 50 Llc

Purchase Details

Closed on
Oct 8, 1999
Sold by
Nordell Jacqueline A
Bought by
Sw Land Dev Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.79%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Punta Gorda Llc $3,250,000 Attorney
Punta Gorda Llc $3,250,000 None Listed On Document
Burnt Store Llc $525,000 Attorney
Old Burnt Store 50 Llc $400,000 --
Sw Land Dev Inc $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sw Land Dev Inc $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2020 04/01/20 Sold $525,000 -30.0% --
04/26/2019 04/26/19 Pending -- -- --
04/15/2019 04/15/19 Price Changed $750,000 -6.3% --
12/03/2018 12/03/18 Price Changed $800,000 -8.6% --
10/08/2018 10/08/18 Price Changed $875,000 -16.7% --
06/28/2018 06/28/18 For Sale $1,050,000 -- --
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2022 $40,014 $2,397,000 $2,397,000 $0
2021 $13,136 $679,150 $679,150 $0
2020 $4,165 $145,844 $145,844 $0
2019 $3,906 $121,568 $121,568 $0
2018 $3,615 $107,002 $107,002 $0
2017 $3,626 $107,002 $107,002 $0
2016 $3,491 $95,657 $0 $0
2015 $3,520 $95,657 $0 $0
2014 $3,444 $95,707 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • James Quinn

    Seller Co-Listing Agent in 2020

    James Quinn

    KW PEACE RIVER PARTNERS

    (941) 457-1380

    18 Total Sales

    James Quinn
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Map

Source: Stellar MLS

MLS Number: C7402830

Stellar MLS

APN: 412317476001

Florida Charlotte County Punta Gorda 33950 South Punta Gorda

8979 Burnt Store Rd, Punta Gorda, FL

This home is located at 8979 Burnt Store Rd, Punta Gorda, FL 33950 since 29 June 2018 and is currently priced at $4,472,341. 8979 Burnt Store Rd is a home located in Charlotte County with nearby schools including Sallie Jones Elementary School, Punta Gorda Middle School, and Charlotte High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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