214 W Grace St, Punta Gorda, FL 33950

Unbelievable Opportunity in Historic Punta Gorda: Investor’s Dream!

Discover an extraordinary chance to own a piece of paradise at 214 W Grace St, Punta Gorda, FL 33950! This spacious 4-bedroom, 2-bathroom single-family home offers 1,450 sqft of living space on an expansive 10,650 sqft lot (0.25 acres). Built in 1958, this concrete block construction home provides an incredible canvas for a savvy investor or a buyer eager to build significant equity. Located just minutes from the vibrant downtown Punta Gorda and Fishermen’s Village, this property boasts a brand new roof (2024) and has undergone professional mold remediation with walls replaced after the last hurricane, providing a solid foundation for your renovation vision.

Priced at an astonishingly low $224,900 (potentially subject to short sale terms, often cash only, buyer to verify), this property stands out as an unparalleled value in the current Punta Gorda market. Consider these powerful insights for the 33950 zip code:

• The median sale price of a home in 33950 was $419,500 in May 2025, down 4.7% year-over-year.
• The median sale price per square foot is $235. This property is priced at approximately $155 per square foot, offering massive immediate equity potential compared to the median.
• The 33950 market is currently a “Buyer’s Housing Market”, with 80.8% of homes selling below asking price in June 2025, and homes staying on the market for an average of 122 days, indicating a favorable environment for negotiation.
• For investors, the average rent for a 4-bedroom home in Punta Gorda ranges from $2,500 to over $5,000 per month, depending on size and amenities, suggesting significant cash flow potential once fully renovated.

Punta Gorda offers a lower cost of living compared to the national average (3.5% lower overall, and housing is 16.7% less expensive), making it an attractive location for residents. Enjoy the charming historic district, waterfront parks, boating lifestyle, and vibrant community events. This property is ideal for a high-ROI flip or a long-term rental, offering freedom with no HOA. Don’t miss this rare opportunity to acquire a deeply undervalued property with tremendous upside in a desirable Southwest Florida city!