838 Santa Margerita Ln, Punta Gorda, FL 33950

INVESTORS !! WATERFRONT OPPORTUNITY IN HIGHLY DESIRABLE PUNTA GORDA ISLES. SPACIOUS POOL HOME ON LOT 42 OFFERED AT ONLY $395,000! The 2,073 sq. ft. home, built in 1972, provides a blank canvas for your dream interior after minor water intrusion for the first time since its construction. With mitigation of the drywall, kitchen and bath cabinetry removal already completed, you have the opportunity to create custom living spaces tailored to your style and needs. Step through the etched glass double doors that open into a large living room and dining area. The open layout features 4 pocketing sliders that seamlessly connect indoor and outdoor living to a screened lanai and pool deck, where stunning water views, gentle coastal breezes, and a perfect space for outdoor dining await. The home’s spacious design includes an oversized primary bedroom with two walk-in closets and an ensuite bath, two large guest bedrooms, a second full bath, a bonus room or office, and a laundry room. Relax of play in the 28’ x 14’ pool which includes a built-in pool-vac system for easy maintenance. The fenced backyard leads to a small dock and lift. The functional 6-station irrigation system keeps the grounds lush and green. This unique property in Punta Gorda Isles offers an extraordinary combination: the adjacent waterfront vacant lot features a 32' concrete dock and an additional 68 feet of city-maintained seawall. Lot 41 is offered in a separate listing at $349,000. So buy one or both. Whether you build on the vacant lot or expand your outdoor living space the possibilities are endless. TAXES IN THIS LISTING INCLUDE BOTH LOTS. (No estimate available when lots are split.) This property’s location is unbeatable—just minutes from the open harbor via powerboat and close enough to walk or bike to Fisherman’s Village, historic downtown Punta Gorda, boutique shops, and vibrant restaurants. Whether you’re sipping coffee on the lanai or setting out for a sunset cruise, this property offers a lifestyle of serenity, beauty, and adventure. Don’t miss your chance to own a rare piece of Punta Gorda Isles paradise. Call today to explore this incredible waterfront opportunity!