Welcome to your Punta Paradise investment. We purchased this property in October 2022 when it had not been updated since its original construction. Property Performance: - Annual income Total reviews: 500+ - Average rating: 4.9 stars -Cap rate 10 We conducted a comprehensive remodel of the entire property, including significant upgrades to each unit: Unit Upgrades: - New roofs - New windows - New doors - New tile floors - New bathroom vanities - New showers - New cabinets and countertops - New appliances - Updated artwork and furniture We also completely redesigned the landscaping throughout the property, transforming this once underperforming asset into an exceptional rental investment. Property Performance: - Annual income -Total reviews: 500+ - Average rating: 4.9 stars -Cap rate 10 Property Details: - 11 units, each approximately 650 square feet All with 1 bedroom, 1 bath, livingroom, dining room, kitchen on the water. - Located on over 2.5 acres of waterfront property along Shell Creek - Amenities include docks, canoes, and kayaks for guests to enjoy fishing and scenery Operational Efficiency: The entire property is managed through Hostaway, a comprehensive software solution - Automatically adjusts pricing based on demand - - Generates unique door access codes for each stay This property represents a great investment with professional management and a cleaning crew to handle any potential issues, making it an great low-maintenance revenue generator
Multi-familyProperty Type
1978Year Built
67.23 acresLot Size
$187Price/Sq.Ft.
Listed by Steven Koleno• BEYCOME OF FLORIDA LLC
Contact: 804-656-5007
Bought with Non-Member Agent• STELLAR NON-MEMBER OFFICE
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Permits
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Style
Multi-Family (5+ Unit)
County
Charlotte County
APN
402324401001
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Accessible
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Last updated by owner on Apr 9, 2025.
RMF5
Residential Multifamily District
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
May 11, 2026 • Active
Residential electrical
Electrical
Dec 16, 2025 • Active
Commercial foundation
Perform foundation repair and underpinning for two residential units.
Remodel
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.