This occupied 6-bedroom, 4-bath duplex with a single-car garage is a great opportunity for investors seeking immediate cash flow and long-term appreciation. This Duplex can also be occupied by an owner, without sacrificing comfort & style. Built in 2019, this well-maintained property features two spacious 3-bedroom, 2-bath units, each offering open-concept living areas, modern finishes, and private garage access. Located in the highly desirable Deep Creek community, residents enjoy convenient access to I-75, shopping, dining, medical facilities, golf courses, and the beautiful Gulf Coast beaches. With strong rental demand in the Punta Gorda market, this income-producing asset is ideal for both seasoned and first-time investors. The property sits on an oversized lot in a deed-restricted neighborhood known for its attractive surroundings and community pride. Whether you're looking to expand your portfolio or secure a turnkey investment with existing occupancy, this duplex delivers excellent potential for consistent returns and future growth. Don't miss this opportunity to own a newer construction duplex in one of Southwest Florida's most sought-after rental markets
Multi-familyProperty Type
2019Year Built
0.58 acresLot Size
$169Price/Sq.Ft.
$17/moHOA Dues
2 car garageParking
Listed by Kelly Treadaway• SUNCOAST PROPERTY MANAGEMENT L
Deep Creek, located between I-75 and the Peace River, is a master-planned and residential Harbour Heights neighborhood with winding freshwater canals and golf-course greens. The neighborhood’s character concentrates around Deep Creek Boulevard near the Deep Creek Golf Club, where morning tee times, walkers, and clubhouse chatter set the pace. Streets of deed-restricted homes mix late-20th-century Florida ranches with newer builds, many oriented to water views and screened lanais. Canal edges and pocket preserves shape a quiet, outdoors-forward routine. For local staples, Deep Creek Golf Club, Nav-A-Gator Grill, and the Military Heritage Museum anchor nearby outings. US-41 corridors add practical errands without changing the calm, inland-coastal feel.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Living room and dining room combo
Solid surface counters
Bedrooms
Six bedrooms total
Two separate 3-bedroom units (each unit 3 bedrooms)
Bathrooms
Four bathrooms total (each unit has 2 bathrooms)
Kitchen
Solid surface counters
Laundry & utility
Laundry area located in the garage
Heating & cooling
Heat pump heating
Central air conditioning
Exterior features
Sliding doors
Asphalt road access
Home design
Duplex (residential income property)
One building on the lot
Zoned RMF15
Parking
Attached garage with 2 garage spaces
Construction
Stucco construction
Shingle roof
Slab foundation
Utilities
Public water
Public sewer
Public utilities
HOA & community
Section 23 POA - Deep Creek with an annual fee of $205
Financial info
Property listed as residential income
Two units
Annual net income reported as 1 (reported value)
Pro forma income listed for one unit: 3240
Other
Total acreage between 1/2 and less than 1 (0.58 acres)
Living area reported as 2592 square feet
Number of lots: 1
Electricity and solar
View estimated energy costs and solar savings for this home
The purpose and intent of this district is to offer low- or high-density residential with emphasis on multifamily use.
Permitted uses
Include but are not limited to:
Day care facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Communications tower
Housing-Mobile home park
Park & open space
Mar 13, 2019 • Active
Residential duplex
Construct a new duplex residential building.
New construction
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
4/10 Fire Factor
2% chance of being in a wildfire in next 30 years
10/10 Heat Factor
7 days above 107° expected this year, 28 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Punta Gorda, FL • 33983
Average low and high temperatures (°F)
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 1040 Melville Rd
$426,302
$13K under list price of $439K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $374K to $575K.