8289 Pelican Rd, Englewood, FL 34224

Quaint Englewood Home: An Affordable Gateway to Florida Living (with important considerations!)

Asking Price: $209,900

Here’s a charming opportunity in Englewood, Florida: a 3-bedroom, 1-bathroom single-family home at 8289 Pelican Rd, Englewood, FL 34224. Built in 1973 (not 1995 as originally stated in the prompt, according to multiple property records), this 1,000 sqft residence offers an estimated refinance payment of $1,349/mo (based on the current asking price and common mortgage assumptions). Situated on a 6,890 sqft (0.15-acre) lot, this property presents an affordable entry point into the Englewood market, particularly for those seeking a coastal lifestyle.

Key Features & Property Details:

• Affordable Price Point: At $209,900, this home is well below the median home prices in Englewood, offering significant value.
• Built in 1973: This home has a classic Florida charm. While the initial prompt stated 1995, multiple property records indicate a 1973 build date, which is important for understanding its age and potential maintenance needs. It was last sold in May 2008 for $95,000 and in December 2006 for $90,000, indicating a substantial increase in value.
• One Full Bathroom: A common feature for homes of this size and era.
• No HOA Fees: This property is not part of an HOA, which means no recurring monthly or annual HOA fees, contributing to lower overall ownership costs.
• Property Tax Information: Property taxes for this address were $3,129 in 2024, up from $2,641 in 2022. The 2024 total assessed value was $90,475. Given the current asking price of $209,900, buyers should anticipate that future property taxes will likely increase upon sale and reassessment to reflect the new market value.
• Lot Size: The 6,890 sqft lot (0.1582 acres) provides modest outdoor space for a single-family home.

Englewood (34224) Market Dynamics:

• Buyer’s Market: Englewood is currently a Buyer’s Housing Market. This means that prices tend to be lower, and homes may stay on the market longer due to a higher supply of homes relative to demand. This provides buyers with increased negotiation power.
  • The median home sold price in Englewood was $361,042 in May 2025, down 2.3% from last year.
  • For 3-bedroom homes in Englewood, the median sold price decreased by 8.5% year-over-year to $420,000 in May 2025. This property’s asking price of $209,900 is significantly below this median for 3-bedroom homes, making it a competitive option.
  • 85.4% of homes in Englewood sold below asking price last month, indicating strong negotiation opportunities for buyers.
  • Homes in Englewood had an average listing age of 87 days in May 2025, providing buyers ample time for due diligence.

Englewood Location & Lifestyle:

• Coastal Community: Englewood is a charming coastal town in Southwest Florida, known for its beautiful beaches, laid-back atmosphere, and access to the Gulf of Mexico.
• Outdoor Activities: Offers numerous opportunities for boating, fishing, kayaking, and enjoying the natural beauty of the area. Manasota Key Beach and Stump Pass Beach State Park are popular local attractions.
• Proximity to Amenities: While offering a relaxed pace, Englewood provides access to local shops, restaurants, and essential services. Larger urban centers like Port Charlotte and Sarasota are within reasonable driving distance.
• Crime Rate (Low): Englewood is generally considered to have a relatively low crime rate. Homes.com gives “Central Englewood” a crime score of 3 out of 10 (with 10 being high crime) across various categories, indicating lower than average crime.
• Schools (Charlotte County Public Schools): Assigned public schools for this address typically fall under Charlotte County Public Schools. Specific schools nearby include:
  • Vineland Elementary School (PK-5, GreatSchools Rating 5/10, B+ Niche Grade)
  • L.A. Ainger Middle School (6-8, GreatSchools Rating 3/10, B+ Niche Grade)
  • Lemon Bay High School (9-12, GreatSchools Rating 4/10, B+ Niche Grade)
  • While the GreatSchools ratings are moderate, Niche gives these schools a B+ grade, indicating they are above average overall within the district.

Important Considerations:

• Flood Risk (Severe and Increasing): This property has a “Severe” Flood Factor, and its flood risk is increasing. ClimateCheck projects about a 98% chance of a flood over 8 feet deep before 2050, and about 39 high-tide flooding days per year by 2050 with sea level rise. It is absolutely critical for buyers to consult the official FEMA Flood Map Service Center (MSC) for 8289 Pelican Rd, Englewood, FL 34224, to determine the exact flood zone designation (e.g., Zone AE, VE). This will clarify mandatory flood insurance requirements and associated costs, which will likely be significant for this property given the “Severe” flood factor.
• Climate Risks (Extreme Heat & Wind): Englewood faces significant climate risks:
  • “Extreme” Heat Factor: Historically, Englewood experiences many days above 94°F, projected to increase significantly to about 92 hot days per year by 2050.
  • “Extreme” Wind Factor: High risk of severe winds over the next 30 years due to frequent hurricane activity.
  • “Very High” Precipitation Risk: Yearly rainfall is projected to increase, with more extreme precipitation events.
  • Buyers should factor in potential impacts on energy bills for cooling and ensure comprehensive homeowner’s insurance adequately covers wind and tropical storm damage.
• Age of Home & Single Bathroom: A home built in 1973 with only one bathroom might require updates to plumbing, electrical, and potentially a bathroom addition for modern family needs. A thorough professional inspection is recommended.

This home at 8289 Pelican Rd offers a remarkably affordable opportunity to own a single-family home in Englewood. Its competitive price in a buyer’s market, coupled with its charming character and no HOA fees, makes it appealing. However, potential buyers must perform rigorous due diligence on the very high flood risk and associated insurance costs, as this will significantly impact the true cost of ownership.

Priced at $209,900 – explore this Englewood opportunity! Schedule your private showing today, and be sure to investigate flood insurance implications.