1249 Capricorn Boulevard
Punta Gorda, FL, 33983 $ 549,500
Baths0.0 Monthly Estimate*
$ 3,383
Studio for $549,500. The lot size is 2.13.
What an incredible opportunity to own a prime development site in the highly desirable Deep Creek area of Punta Gorda on sought-after Capricorn Boulevard. This expansive 2.13+ acre parcel comes with approved renderings, architectural plans, and development concepts for “Palm View Cove,” a beautifully designed upscale condominium community featuring 31 residential units, a resort-style pool area, and elegant clubhouse. All plans, renderings, and architectural concepts are included in the sale, giving developers and investors an outstanding head start to immediately move forward with the project. Beautifully proportioned with approximately 406 feet of frontage and extending roughly 268 feet toward the rear, this impressive property offers exceptional space for a thoughtfully designed luxury condominium development with outstanding curb appeal, landscaped areas, parking, and upscale community features. Palm View Cove has been designed as a modern luxury condominium community consisting of four separate contemporary-style two-story buildings, each featuring eight residential units with four units per floor, creating a spacious and comfortable residential atmosphere. Each residence is designed as a beautiful two-bedroom, two-bathroom unit with open-concept kitchens flowing seamlessly into expansive living and dining areas. Every unit also features a private balcony, creating inviting outdoor living spaces that enhance the luxury lifestyle feel of the community. Designed with striking modern architecture and upscale finishes throughout, Palm View Cove offers the atmosphere of a high-end luxury apartment-style community combined with comfort, elegance, and functionality. The resort-style amenities and carefully planned layout create a highly desirable living environment for future residents. Location is everything, and this property delivers. Situated just minutes from I-75 and US-41, residents will enjoy having everyday conveniences right at their fingertips including nearby Culver's, Applebee's Grill + Bar, Walmart Supercenter, Arby's, Five Guys, RaceTrac, 7-Eleven, Taco Bell, Starbucks, Publix Super Market, and Cracker Barrel Old Country Store. Utilities including electric, cable, sewer, irrigation access, and trash services are readily available. Best of all, the hard work has already been completed, making this a rare opportunity to acquire a ready-to-develop luxury condominium project in one of Southwest Florida’s growing and desirable locations with tremendous upside potential and exceptional investment value.
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FeaturesGeneralSewer Public Sewer
Utilities Cable Available Electricity Available Sewer Available Trash Collection Water Available
Possession Close Of Escrow
HOA Fee 0
Association Fee Includes None
View Landscaped
Property Subtype Commercial
Tax Year 2025
Current Use Commercial Multi-Family Mixed Use Single Family
Waterfront Features None
Community Features Non-Gated
HOA Fee 2 0
County Charlotte
Property Type Land
Subdivision Name DEEP CREEK
Facing Direction Northeast
Status Active
Directions Kings Hwy to Sandhill Blvd Towards Yachtsman ln to 1249 Capricorn blvd
City Punta Gorda
Land Lease Amount 0
Senior Community Y/N false
Zoning Description RMF15
MLS Area CH01 - Charlotte County
Lot Size Units Acres
Tax Annual Amount 4695.71
Lease Considered Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/fgcmls/2026019437
Standard Status Active
Tax Lot 32
Property Sub Type Additional Commercial Unimproved Land
Legal Description PGI 023 0683 0032 PUNTA GORDA ISLES SEC23 BLK683 LT32 712/1717 1384/1291 AFF2035/629 2106/464 2274/1390 2618/1030 2875/794 2939/1134 4111/1919 4681/1939 4693/1649 3246567 PGI 023 0683 0031 PUNTA GORDA ISLES SEC23 BLK683 LT31 754/1227 1217/1962 AFF1
HOA Fee 3 0
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ExteriorLot Features Oversized Lot
Water Source Public
Lot Size Area 2.13
Lot Dimensions 406 x 206 x 401 x 268
Lot Size Acres 2.13
Road Surface Type Paved
Lot Size Source Appraiser
Waterfront Y/N false
Covered Spaces 0
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* Excluded FeaturesList ByEdward SchiffListing Agent
Edward@schiffrealty.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,383
- Monthly Property Taxes
- $391
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyLots and land listings in Punta Gorda, FL
Average List Price $157,136
Percent of Sale Price 71%
About Punta Gorda, FL 19,064 Population
29% Since 2002
$ 59,217 Median Income
68.93 Median Age
7% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/28/2026 | $549,500 | | Listed Price |