3609 Bal Harbor Blvd - Multi-Family FOR SALE


Punta Gorda, FL 33950
$5,500,000 USD
305-392-1497
3609 Bal Harbor Blvd, Punta Gorda, FL for Sale
$5,500,000 USD
Multi-Family - FOR SALE
1/6
null | 7.64% Cap Rate

3609 Bal Harbor Blvd
Punta Gorda, FL 33950


HIGHLIGHTS

  • Eight (8) Fully Condo-Converted Townhomes — Individually deeded 3-bedroom, 2-bath residences (approximately 1,500 SF each) with attached garages.
  • Premium golf course views + projected revenue at $52,000 per month!
  • Premier Florida Short-Term Rental Opportunity — No short-term rental restrictions with projected Airbnb revenue.
  • Institutional Investment Metrics — Offered at $4,999,000, delivering a projected 5.76%–6.50% going-in cap rate and 10.3%–13.3% projected 5-year IRR.
  • Exceptional Buyer Flexibility — Separately deeded units, potential boat lifts, two years of golf membership, and seller financing available!

OVERVIEW

Bal Harbor Townhomes presents a rare opportunity to acquire an eight (8) unit, fully condo-converted townhome portfolio in the rapidly expanding Punta Gorda, Florida marker one of Southwest Florida’s fastest-growing destinations for vacation rentals, Airbnb investments, and waterfront tourism. Each individually deeded residence offers approximately 1,500 SF, featuring 3 bedrooms, 2 bathrooms, an attached garage, 9-foot ceilings, and unobstructed golf course views immediately upon entry. Positioned within a Class A coastal community with no short-term rental restrictions, this turnkey investment combines stable cash flow with exceptional appreciation potential. The portfolio is offered at a negotiated $4,999,000 all-cash purchase price, producing an attractive 5.76%–6.50% going-in cap rate, with projected 5-year IRRs ranging from 10.3%–13.3%. Estimated Airbnb revenue exceeds $52,000 per month, making this an exceptional opportunity for short-term rental operators, multifamily investors, 1031 exchange buyers, family offices, and institutional capital seeking scalable Florida real estate with immediate income and long-term upside. All eight residences are separately deeded, creating multiple exit strategies through individual resale, continued portfolio ownership, or phased disposition. Ownership may also include two years of golf membership, boat lifts (subject to offer terms), and the seller is open to strong seller financing proposals, providing additional acquisition flexibility for qualified buyers.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$458 USD /SF

# OF UNITS

8

PRICE/UNIT

$687,500

CAP RATE

7.64%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Coastal STR Golfers Oasis + Boaters Paradise

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

412224102002

ASK ABOUT THIS PROPERTY

Sabrina PerezReal Estate Sales ForceMore Info
305-392-1497

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Sabrina PerezReal Estate Sales ForceMore Info
305-392-1497

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.