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$1,450,000

Beds
3
Baths
3.0
sq ft
2,511

1220 Spanish Cay Ln, Punta Gorda, FL 33950

1220 Spanish Cay Ln

PUNTA GORDA, FL 33950

  • 25 days on market
    • Price drop $50,000↓
50,000.00 price reduction! Welcome to 1220 Spanish Cay Lane—where luxury waterfront living meets impeccable design. This 2016 custom-built home boasts three bedrooms, three bathrooms, a three-car garage, and over 2,500 square feet of exquisite space. From the moment you step through the double front doors, you’re greeted by a bright, open living area and stunning water views that set the tone for this magnificent residence. The gourmet kitchen is a chef’s dream, featuring solid wood, soft-close cabinetry, a walk-in pantry, a wine refrigerator, stainless steel appliances, and a unique moon-shaped granite island perfect for entertaining. Adjacent to the kitchen, the dining area and breakfast bar provide versatile seating options for both casual meals and formal gatherings. The master suite is a private retreat with serene water views, an oversized walk-in closet, and a spa-like master bathroom. This elegant space includes dual sinks, a private water closet, a luxurious soaking tub beneath a sparkling chandelier, and a spacious dual-entry shower. The second bedroom, in its own private hallway, offers a walk-in closet and an en-suite full bathroom—ideal for overnight guests. The third bedroom also features a walk-in closet and access to the shared pool bathroom. Additionally, a dedicated study provides the perfect space for work or relaxation. The home’s living areas flow seamlessly to the outdoors, where 90-degree sliding doors lead to a overly spacious lanai. This outdoor oasis features a lounge area, a dining space that comfortably seats twelve, and a fully equipped outdoor kitchen—perfect for alfresco dining and entertaining. Beyond the lanai, a wrought iron fence surrounds the expansive backyard, complete with a pavered seating area designed for enjoying sunsets with a glass of wine. Boaters will appreciate the 50-foot concrete dock with a 10,000 lb boat lift, with a new motor and walk-around platform. The dock is equipped with water and electric, and provides quick, 10-minute access to open water—truly a boater’s dream. Additional features of this meticulously maintained home include a whole-house generator, storm-rated windows, power shutters, an in-wall pest control system, a transferable alarm system, and fresh interior and exterior paint. Best of all, this property experienced no flooding or damage from recent storms. Move-in ready and packed with premium features, this home is a must-see. Don’t miss your chance to own a piece of paradise!

Details

Property type

Single Family Residence

Est. home value

$1,197,252

Lot size

0.27 acres

Price per sq ft

$578

Year built

2016

Annual property taxes

$18,466.79

HOA

No

Price History

02/01/2025
StellarMLS

StellarMLS #C7503063

Price change
$1,450,000
-3.33%
01/13/2025
StellarMLS

StellarMLS #C7503063

Listed
$1,500,000
+15.38%
07/29/2022
StellarMLS

StellarMLS #C7461492

Sold
$1,300,000
+796.55%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Morgan Stanley Private Bank Na

Loan start date

September 2022

Original loan amount

$1,300,000

Est. remaining balance

Not provided

Interest rate

4.3%

Loan type

New Conventional, 30 year

Seller

Shawn M Veight and Lisa S Veight

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 02/07/2025 at 6:10 PM

Listing updated: 02/01/2025 at 3:38 PM

Listed by: Kimberly Pennell-Graham, KW PEACE RIVER PARTNERS Phone #: (941) 875-9060

MLS: StellarMLS #C7503063

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