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$399,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 0.33 Acres
  • Updated 4 days ago
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INVESTMENT OPPORTUNITY IN PUNTA GORDA! This four-unit property offers investors the opportunity to acquire a cash-flowing multifamily asset with 3 of the 4 units currently occupied, providing immediate rental income with additional upside through lease-up of the remaining unit. Whether you're looking to expand your portfolio, generate ongoing income, or position yourself for long-term appreciation, this property offers multiple paths to value creation. Located in Punta Gorda, a growing Southwest Florida community known for its waterfront lifestyle, historic downtown, boating, dining, and convenient access to I-75, the property is well positioned to benefit from continued demand throughout Charlotte County. With three units already occupied, an investor can step into an income-producing property today while having the opportunity to increase overall revenue by filling the vacant unit and optimizing rents over time. Punta Gorda has also continued to see investment and redevelopment activity, adding to the area's long-term appeal for real estate investors. Buy for the cash flow today, while positioning yourself for potential long-term appreciation tomorrow. This is an opportunity to acquire an income-producing multifamily property in an established Southwest Florida market with room to increase income and build equity over time.

Full Property Details for 3401 Palm Dr

General

  • Price: $399,000
  • Taxes: $3,071 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: TB8555249
  • Updated: 10/6/2026
  • Added to Site: 4 day(s) ago

Rental Information

  • Min. Lease: No Minimum

Interior

  • Interior Features: Ceiling Fan(s), Kitchen and Family Room Combination, Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Laundry: Inside

Exterior

  • Exterior Features: Sidewalk

Location

  • Area: 33950 - Punta Gorda
  • County: Charlotte
  • Development Name: 33950 - Punta Gorda
  • Subdivision: TIERRA CORONADO
  • Driving Directions: From Sarasota: Take I-75 S toward Naples. Take Exit 164 toward Punta Gorda/US-17. Continue on US-17 S, then turn onto US-41 S/Tamiami Trail. Turn onto Palm Dr and continue to 3401 Palm Dr. From Punta Gorda: Take US-41 S/Tamiami Trail toward Port Charlotte. Turn onto Palm Dr and continue to 3401 Palm Dr. The property is approximately 4 miles from central Punta Gorda.

Community

  • Community Name: 33950 - Punta Gorda

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected

Structural Information

  • # Buildings: 1
  • Exterior Const.: Block, Concrete, Stucco
  • Roof: Shingle
  • Square Feet: 1,928
  • Sq. Ft. Source: Public Records
  • Year Built: 1978

Lot Features

  • Lot Size (Acres): 0.33
  • Lot Size (Sq. Ft.): 14,374
  • Lot Size: 14374
  • Street/Road Desc.: Asphalt

Financial Considerations

  • Tax Amount: $3,071
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: TRC 000 000F 00P3 TIERRA CORONADO BLK F PARCEL 3 TRACT F BEG NE COR TRACT F TH S 125 FT TH W 115 FT TH N 125 FT TH 115 FT TO POB 375/921 553/2027 1030/406 CT1105/302 1159/953 1299/83 1721/134 2242/760 DC4113/2106-SIA 4113/2107 4220/2092 5016/2185 502 3/108
  • Flood Zone Info: AE
  • APN: 412318330003
  • Property ID: 412318330003
  • Block/Lot/Section: F

Listed by 10 Stars Property Management Llc

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Listing agents

— 3401 Palm Dr —

  • 10 Stars Property Management Llc

  • 10 Stars Property Management Llc

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 3401 Palm Dr

School District:Charlotte County School District
NameGradesDistance
Sallie Jones Elementary School
1230 Narranja Street, Punta Gorda, FL 33950
PK-51.5 mi
Punta Gorda Middle School
1001 Education Avenue, Punta Gorda, FL 33950
6-81.7 mi
Charlotte High School
1250 Cooper Street, Punta Gorda, FL 33950
9-121.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3401 Palm Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/06/2026
Listed
$399,000
1.79%
MLS
6/30/2022
Sold
$392,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 3401 Palm Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$423
-94%
$28,057
-90%
2024
$7,615
-1%
$293,345
-1%
2023
$7,667
40%
$294,984
24%
2022
$5,490
20%
$237,162
123%
2021
$4,560
—
$106,473
1%
2021
$4,560
9%
$105,257
1%
2019
$4,178
9%
$104,149
3%
2018
$3,846
5%
$101,128
14%
2017
$3,647
11%
$88,898
33%
2016
$3,286
3%
$66,892
1%
2015
$3,195
21%
$65,985
—
2014
$2,643
-6%
$65,985
-7%
2013
$2,805
—
$71,324
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by 10 Stars Property Management Llc

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3401 Palm Drive, Punta Gorda, FL 33950 (MLS# TB8555249) is a Multi-Family property with units containing 4 bedrooms and 0 full bathrooms. 3401 Palm Drive is currently listed for $399,000 and was received on October 06, 2026. Want to learn more about 3401 Palm Drive? Do you have questions about finding other Multi-Family real estate for sale in Punta Gorda? You can browse all Punta Gorda real estate or contact a Coldwell Banker agent to request more information.

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