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$570,000

For Sale - Active
129 Barre Dr NW, Port Charlotte, FL 33952
3 Beds
2 Baths
1,552 Square Feet
0.28 Acres Lot
Built in 1984
For Sale - Active
1 Units
Checked: 14 hours ago
Updated: May 20, 2025 at 09:27AM

Investment Summary


Monthly Cash Flow
-$1,488
Cap Rate
3.0%
Cash-on-Cash Return
-13.6%
Debt Coverage Ratio
0.49
Internal Rate of Return (5 years)
-9.2%

Property Description


0.28 Acres Lot
Built in 1984
For Sale - Active
1 Units

Here is a spectacular SALTWATER LOT BEAUTY on 90 ft of premium waterfront boasting quick gulf access and a stunningly spacious 3 bedroom, 2 bath with 2 car garage plus brand new HEATED SALTWATER POOL, and very low cost flood zone, higher elevation!! OPTION TO PURCHASE ADDITIONAL LOT NEXT DOOR! Instantly welcoming, enjoy the mature/ manicured landscaping, TASTEFULLY FURNISHED w/ OPTION TO PURCHASE, NO HOA, extra long driveway, city water and sewer, and a nicely fenced backyard adding even more to the all the longer list of upgrades this home provides. Experience gentle harbor breezes and abundant natural light, the foyer opens up to vaulted ceilings, gentle coastal colors, tall sliding glass doors and expansive waterfront/pool views! A chef worthy kitchen awaits, this home is designed for entertaining... rich shaker style cabinetry, stainless appliances including a double oven, granite countertops, and convenient breakfast bar with door to the big separate dining area adjacent to the family room all with designer lighting/fans,truly a wonderful open concept layout! The master bedroom is serene so relax in complete comfort with its own pool/screened lanai access, big walk- in closet, ensuite upgraded master bath complete with dual sinks and spa like rain head shower. Guests will have two premium bedrooms to choose from offering spacious closets, luxury vinyl flooring, one with a suspended tv and both share an exceptionally stylish bathroom with the rest of the main house. Inside laundry has matching samsung washer and dryer too. Enjoy picturesque sunsets every night and swim year round, BRAND NEW saltwater POOL is HEATED, superior screening and paver lined decking add to both the sunbathers or covered entertaining area. The magical sounds of the waterfall ledge relaxes and tantalizes your senses night or day while the baja shelf allows you to lounge lavishly and soak up the sun with toes gently cooling at the edge the pool. Outside enthusiasts will appreciate the open air paver patio deck, while boaters and fishing enjoy the ease of all from a very long 28 x 5 trex dock. With water and power, the boat lift will hold the largest power boats to be out in the harbor in merely minutes, its only a few bike-ride blocks away to the Port Charlotte Beach ! Kayak racks are also in place so your options to enjoy this dreamy florida lifestyle all MOVE IN READY (furniture includes list attached mls) are limitless. Port Charlotte Beach is a favorite biking area, with boat ramp, heated pool, both bocce ball and horseshoe pits, tennis courts, volleyball, playground, boardwalk, fishing pier, pavilions, picnic areas and recreation center, dog friendly and INCREDIBLE SUNSETS! Close to historic downtown Punta Gorda, sunseeeker resort, dining, farmers markets, festivals, PG Airport, shopping and more. Don't let this great DOUBLE SALTWATERFRONT opportunity disappear, a must see so hurry to schedule your showing TODAY!

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Location


Property Details


Parking

  • Description: Garage
  • Details: Garage Door Opener, Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 11
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Concrete Block
  • Foundation: Slab
  • Roof Material: Shingle
  • Pool: Yes

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 402222328002
  • Lot Size: 12150 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Florida
  • Year Built: 1984

Tax Information

  • Annual Tax: $6,823

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Charlotte

Listing Details


Listed by:
Nick Demers
RE/MAX PALM PCS
(941) 585-3787

Source:
Stellar MLS
MLS#: C7505797
Stellar MLS

Investment Summary


Monthly Cash Flow
-$1,488
Cap Rate
3.0%
Cash-on-Cash Return
-13.6%
Debt Coverage Ratio
0.49
Internal Rate of Return (5 years)
-9.2%

Purchase Details

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Purchase price:
$570,000
Amount financed:
-$456,000
Down payment:
$114,000
Closing costs:
$17,100
Rehab costs:
$0
Initial cash invested:
$131,100
Square feet:
1,552
Cost per square foot:
$367
Monthly rent per square foot:
$1.87

Financing Details

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Loan amount:
$456,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,920
Property tax:
$569
Insurance:
$203
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,692

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,900 $34,800
Vacancy loss: (6%)
6% -$174 -$2,088
Operating income:
$2,726 $32,712

Operating Expenses


% Rent Monthly Yearly
Property taxes: (20%)
20%-$569-$6,823
Insurance: (7%)
7%-$203-$2,436
Property management: (8%)
8%-$232-$2,784
Repairs & maintenance: (5%)
5%-$145-$1,740
Capital expenditures: (5%)
5%-$145-$1,740
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (45%)
45%-$1,294-$15,523

Cash Flow


Monthly Yearly
Net operating income:
$1,432 $17,184
Mortgage payments:
-$2,920 -$35,040
Cash flow:
$1,488 $17,856