Port Charlotte, FL 33981,5330 & 5338 MURPHY ST
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Port Charlotte, FL 33981,5330 & 5338 MURPHY ST
Port Charlotte, FL 33981,5330 & 5338 MURPHY ST
Port Charlotte, FL 33981,5330 & 5338 MURPHY ST
Port Charlotte, FL 33981,5330 & 5338 MURPHY ST

$29,000

Est. payment /mo

$29,000

Est.Price: ?

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5330 & 5338 MURPHY ST Port Charlotte, FL 33981

0.46 Acres Lot

SOLD DATE : 10/12/2021

Key Details

Sold Price $29,000

Property Type Vacant Land

Sub Type Residential

Listing Status Sold

Purchase Type For Sale

Subdivision Port Charlotte Sec 056

MLS Listing ID D6121184

Sold Date 10/12/21

Construction Status Inspections

HOA Fees $10/ann

HOA Y/N Yes

Annual Tax Amount $658

Lot Size 0.460 Acres

Acres 0.46

Lot Dimensions 160x125

Property Description

This huge, double-lot is nearly ½ acre, measuring 160’ wide by 125’ deep for a total of 20,000 SqFt. That offers you a long list of options that include a collector’s garage, an RV hanger, a guest house, your own mini produce-farm, boat & trailer pads, a large work-shop, recording studio, artist retreat, etc. There is also the option to build your new home mid-center of the 2 lots to maximize your privacy in perpetuity. A significant money-saving feature of these lots is that they are in an X-Flood zone. Thanks to the high elevation, FEMA has classified this property as an "X-Flood Zone" lot. That means they above the 500-year flood plain. For this reason, most lenders will waive the requirement for flood insurance. That can potentially save you thousands of dollars year-after-year. And if you elect to voluntarily carry flood insurance, the X-Flood status has the potential to significantly reduce your annual premiums. This higher elevation also has the potential to reduce construction costs related to fill and/or stem walls. It can also minimize the need for, and costs for stairs leading up to the front entry and garage-to-interior entry points. Another plus is that these lots are located less than a mile from the Jennings Trailhead. Here you will find hiking and horse trails to discover the scenic serenity and wildlife of Myakka State Forest, an 8,593 state park that also features camp grounds, horse trails, and much more. These lots are located in the boating community of Gulf Cove and less than 2 miles from the Myakka River. The state of Florida has distinguished this crown jewel as a “Wild and Scenic River”. As a homeowner in this neighborhood, you are eligible for membership in the “Property Owners of Gulf Cove HOA. For a $120 annual fee, you will be entitled to enjoy the social events and membership privileges. This includes use of a private park and a boat ramp on the scenic shores of The Myakka River. Don’t forget, with 20,000 square feet of acreage, you have plenty of room for a boats, trailers, and jet skis. Picture yourself cruising down the eastern shores of the Cape Haze Peninsula with fishing pole in hand. Continue your cruise south to Charlotte Harbor, recognized as one of the primere sailing spots worldwide. From there, head west to the Intracoastal Waterway with passages into the Gulf of Mexico and Boca Grande Pass. This is also recognized as one of the best deep-fishing spots worldwide, and is home to the world-famous annual Tarpon Tournament. The fact this is an oversized lot with plenty of room to park a boat & trailer means you don’t need a $1 million waterfront home to enjoy an idyllic, salt-water lifestyle. The abundance of open spaces and quiet country ambiance have given rise to a surge of attractive new homes being built in this area. The sellers report there is public water on this street and electricity is nearby. The lots have been surveyed and staked. The construction of new homes a few lots down in multiple directions also indicates the existence of public utilities. Also noteworthy is that this area is in a designated scrub jay preserve. Accordingly, the county requires a $2,200 fee per lot to build on. These fees go towards expanding scrub jay habitat in alternate areas. These lots have been priced to reflect that. Please CLICK the VIRTUAL TOUR for 60 DRONE PHOTOS, and HD CINEMATIC DRONE VIDEOS !!!

Location

State FL

County Charlotte

Community Port Charlotte Sec 056

Zoning RSF3.5

Exterior

Community Features Boat Ramp, Park, Water Access

Utilities Available Electrical Nearby, Water Available

Amenities Available Park, Private Boat Ramp, Recreation Facilities

Building

Lot Description In County, Oversized Lot, Room For Pool, Paved, Wildlife Sancuary

Lot Size Range 1/4 to less than 1/2

Sewer Septic Needed

Water Public

Construction Status Inspections

Others

Pets Allowed Yes

HOA Fee Include Recreational Facilities

Ownership Fee Simple

Monthly Total Fees $10

Acceptable Financing Cash

Membership Fee Required Optional

Listing Terms Cash

Special Listing Condition None

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Stellar MLS
Listed by BRETT SLATTERY REALTY LLC
Bought with RE/MAX ANCHOR

Michael Wyckoff

Broker | License ID: 3006024

+1(727) 642-6621

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