Until Hurricane Charley hit the City of Punta Gorda head on five years ago this year, most people in the United States never heard of this unique Florida City with a Spanish name. Even those within the state didn’t recognize this town which in English means “Fat Point.” However, what makes this Southwest Florida’s city a “must buy,” is its affordability as a pristine waterfront community. Situated on Charlotte Harbor within close proximity to the Gulf of Mexico and world class Tarpon fishing, Punta Gorda has rebounded in the last five years as an even more popular tourist destination and diversified residential community.
When compared to Sarasota and Naples, Punta Gorda’s boating communities of Punta Gorda Isles and Burnt Store Isles offer a waterfront lifestyle second to non and at a price that can’t be beat. In the last six months, 108 homes have sold and another 40 are under contract, a statistic that speaks volumes in a real estate market that has not seen very positive news in the past few years.
While not known for its beaches, the protective Charlotte Harbor has been voted as one of the top ten harbors for sailing, and ESPN has covered the O’ Boy Oberto Annual Redfish Tournament over the past few years attracting anglers from all over the country.. When it comes to gulf access canal front homes, the sister communities of Punta Gorda Isles and Burnt Store Isles, also known as PGI and BSI, offer a unique blend of pristine waterfront living with close proximity to the historic charm of downtown Punta Gorda.
Waterfront homes in these boating communities range from the mid $200,000’s to over $3,000,000 for powerboat and sailboat access to the harbor and the gulf islands beyond. Comparable properties in Sarasota and Naples (Sarasota and Collier counties) can cost one third to one half more, without many of the amenities.
So if a pristine boating community with a charming nightlife, nestled within close proximity to a historic downtown is what you are looking for at an affordable price, you may want to consider the waterfront developments of Punta Gorda Isles and Burnt Store Isles for your next investment or place to call home.