tomo logo

$799,900

Beds
4
Baths
2.0
sq ft
1,862

525 Madrid Blvd, Punta Gorda, FL 33950

525 Madrid Blvd

PUNTA GORDA, FL 33950

  • 57 days on market
    • Price drop $25,100↓
Burnt Store Isles Waterfront Gem! Discover this stunningly remodeled 4-bedroom, 2-bathroom pool home, offering direct sailboat access to Charlotte Harbor and the Gulf of Mexico! Boasting over 85 feet of waterfront, this property features wide canal views, an 8x45’ concrete dock with water and electric, and a 6,000 lb. boat lift, perfect for boating enthusiasts. Step inside to find a modern, open floor plan with luxury vinyl tile flooring, updated lighting, and a spacious great room with a triple pocket slider that seamlessly connects to the lanai. The beautifully updated kitchen is a chef’s dream, complete with solid wood cabinetry, solid surface countertops, a custom imported tile backsplash, stainless steel appliances, and a large center island. A convenient pass-through window makes outdoor dining a breeze. The split floor plan ensures privacy, with the primary suite offering lanai access, a walk-in closet, and a luxurious en-suite bath featuring a custom-tiled walk-in shower. The guest bedrooms, including a flexible fourth bedroom/office, are equally inviting, with plantation shutters and a remodeled bathroom showcasing modern fixtures and finishes. Outdoor living shines with a heated pool, heat and slip-resistant Floco decking, a panoramic screened enclosure, and true southern exposure for maximum sunshine. The fenced backyard, complete with a walkway to the dock, is ideal for pets and outdoor enjoyment. Additional updates include impact windows (2020), new A/C and ductwork (2024), overhead PEX plumbing (2021), new screened enclosure (2023), a manual roll-down shutter for the lanai and a generator transfer plug. Impeccable landscaping completes the exterior. Nestled in a sought-after deed-restricted golf and boating community, this home is just minutes from I-75, Twin Isles Country Club, local dining, historic downtown Punta Gorda, and Fishermen’s Village. Optional community memberships are available for only $50 annually.

Details

Property type

Single Family Residence

Est. home value

$714,026

Lot size

9,565 sq ft

Price per sq ft

$430

Year built

1988

Annual property taxes

$10,757

Monthly HOA fee

$4.17

Price History

01/23/2025
StellarMLS

StellarMLS #C7502516

Price change
$799,900
-3.04%
12/28/2024
StellarMLS

StellarMLS #C7502516

Listed
$825,000
+10%
07/24/2023
StellarMLS

StellarMLS #C7476840

Sold
$750,000
+105.48%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

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

Seller could get up to

$71,968
Asking price
$799,900
Closing costs (~8% of asking)
-$63,992
Est. remaining loan balance
-$663,940
Cash to seller
$71,968

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Us Bank Na

Loan start date

July 2023

Original loan amount

$675,000

Est. remaining balance

$663,940

Interest rate

6.71%

Loan type

New Conventional, 30 year

Seller

Timothy F Myers and Morgan N Myers

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: 02/23/2025 at 4:30 AM

Listing updated: 02/20/2025 at 3:09 PM

Listed by: Darla McIntosh, BERKSHIRE HATHAWAY HOMESERVICE Phone #: (239) 482-5700

MLS: StellarMLS #C7502516

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