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3609 Bal Harbor Blvd - Coastal STR Golfers Oasis + Boaters Paradise 8 Unit Apartment Building Offered at $6,000,000 at a 7% Cap Rate Punta Gorda, FL 33950
Investment Highlights
- Eight (8) Fully Condo-Converted Townhomes — Individually deeded 3-bedroom, 2-bath residences (approximately 1,500 SF each) with attached garages.
- Premier Florida Short-Term Rental Opportunity — No short-term rental restrictions with projected Airbnb revenue.
- Exceptional Buyer Flexibility — Separately deeded units, potential boat lifts, two years of golf membership, and seller financing available!
- Premium golf course views + projected revenue at $52,000 per month!
- 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.
Executive Summary
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.
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.
Positioned within a Class A coastal community with no short-term rental restrictions, this turnkey investment combines stable cash flow with exceptional appreciation potential.
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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
Unit Amenities
- Yard
- Pantry
- Patio
- Porch
Site Amenities
- Golf Course
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 8 | - | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 412224102002 | Improvements Assessment | $0 |
| Land Assessment | $214,200 | Total Assessment | $214,200 |
Property Taxes
Parcel Number
412224102002
Land Assessment
$214,200
Improvements Assessment
$0
Total Assessment
$214,200
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3609 Bal Harbor Blvd - Coastal STR Golfers Oasis + Boaters Paradise
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