7008 Grove Blvd - Ranchettes 40 - (32) 1.25 AC Platted sites 40 Acres of Residential Land Offered at $1,990,000 in Punta Gorda, FL 33982

This 40-acre package, consists of (32) 1.25-acre building lots, presents a strong opportunity for rural home development & investment in response to a consumer shift of wanting more space and privacy but still 15 minutes from Downtown. This offering represents an opportunity to purchase at 65% of the current market value. Parcels are zoned AG for maximum flexibility and tax benefits while already being platted and approved for 1.25 acre building sites, a very unique combination as most Agriculaturally zoned land minimums are 5-10 acre homes sites. Land is already cleared and ready for development, to be parceled out or a great location for a legacy ranch purchase. Surveys and clean enviromental studies available with an accepted LOI. With easy access to 75 interchages, SR 74, and Jones Loop Corridors local and long distance travel is a breeze. Charlotte County as a whole is primed for future expansion and development; however, Punta Gorda is poised to lead the way as the first area to experience it. With new developments along the Jones Loop Corridor such as, DR Horton’s Seagrass & Seacove communities, new retail center with Panera Bread, Chick-fil-A, and Starbucks. New Racetrac opened in Nov 2024 on SR17, along with a new industrial and retail park that just recently broke ground all within a 3 mile radius.