$59,000
Active623 Fitzhugh Ave, Punta Gorda, FL 33950
0.26 acre lot
Listing courtesy of FIVE STAR REALTY OF CHARLOTTE · MLS# C7519559
294 days on market
Refreshed from the Stellar MLS feed . This listing’s MLS record last changed .
About this home
What’s special
- Multi-family zoning
- Cleared, build-ready
- Two-street access
- Adjacent Medical Overlay
- Three-story allowance
- Walkable neighborhood
- Downtown proximity
AI-selected highlights from the listing description below.
ATTENTION DEVELOPERS & INVESTORS: Rare opportunity to acquire a prime multi-family building lot zoned for up to 3 to 4 units in a high-demand market. With the adjacent 3-bedroom, 2-bathroom home on a modest 3,700 sqft lot currently listed for $279,900, the massive value-added potential and strong ROI of this oversized parcel make it a perfect, investment opportunity. Situated in a highly desirable area of Punta Gorda, 623 Fitzhugh Avenue offers a rare opportunity to develop in one of the city’s most walkable and steadily growing neighborhoods. This cleared, build-ready property is zoned Neighborhood Residential NR-15, allowing for multi-family development and supporting a variety of residential configurations consistent with the surrounding historic area. The property measures approximately 11,194 square feet, or 0.257 acres, which under current zoning may allow for up to 4 residential units depending on final design, footprint, and city approval. The land elevation is approximately 14 feet according to county maps, adding to its overall desirability. The parcel benefits from access on two streets, providing flexible ingress and egress options for future development, and is located adjacent to the Medical Overlay District. Its prime location places it within short distance of downtown Punta Gorda, the hospital, parks, dining, and waterfront attractions, making it an ideal setting for residential units that cater to today’s demand for convenience and lifestyle-oriented living. The NR-15 zoning encourages pedestrian-friendly development and allows for structures up to three stories, offering design flexibility while maintaining neighborhood character. As Punta Gorda continues to experience strong residential demand and redevelopment activity, this property stands out as an excellent investment or development opportunity in a proven and evolving market. Buyers are encouraged to verify all zoning, density, and development details with the City of Punta Gorda and through an updated survey.
Facts
- Property type
- Land
- Lot size
- 0.26 acres
- Exposure
- East
- Flood zone
- AE
- Annual taxes
- $965/yr
- Listed
- Jan 7, 2026
- MLS #
- C7519559
Price & status history
- Listed for $82,000
- Price reduced to $59,000from $85,000
Virtual tour
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Estimate the monthly payment
Estimate by Lasbury Tracy Realty — not a loan offerStarting figures for 623 FITZHUGH AVE. Everything below is editable.
AssumptionNot a quoted rate. Ask a lender what you actually qualify for today.
From this listingThe seller's most recent annual tax bill as reported to the MLS. Your bill will differ — Florida reassesses on sale and homestead caps reset.
Editable estimateA placeholder, not a quote. On the Gulf Coast this is the line item most likely to be wrong: premiums swing on roof age, wind mitigation, elevation, and carrier appetite. Get a real quote before you rely on this number.
Starts at $0Deliberately zero until you enter a figure — we will not inflate a payment with a guess. Many homes here need it; ask us for the property's flood zone and the current policy's premium.
Include condo, HOA, and master-association dues. CDD assessments usually arrive on the tax bill instead.
AssumptionNot applied — your down payment is 20% or more.
Estimated total monthly payment
$579
$298 of that is principal & interest. 48% is taxes, insurance and fees — which is why those inputs matter more here than the rate does.
- Principal & interest
- $298
- Property taxes
- $80
- Homeowners insurance
- $200
- Flood insurance
- $0
- HOA / condo fees
- $0
- Mortgage insurance (PMI)
- $0
- Total per month
- $579
Over the life of the loan
- Loan amount
- $47,200
- Down payment
- $11,800
- Total interest
- $60,201
- Principal + interest paid
- $107,401
- Paid off in
- 2056
Interest is the exact schedule total for a fixed-rate loan held to term and assumes no extra payments. Taxes, insurance and fees are not included in these lifetime figures because they change every year.
Calculated on this page from the figures above — nothing is sent anywhere and no lender is quoting you. Figures are estimates for planning only, not a pre-approval, commitment to lend, or a statement of the taxes and insurance you will actually be charged. Lasbury Tracy Realty Inc. is a real estate brokerage, not a lender or an insurance agent.
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623 Fitzhugh Ave, Punta Gorda, FL 33950
Listing courtesy of FIVE STAR REALTY OF CHARLOTTE · MLS# C7519559 · Active
Where this home is
Opens on aerial — on this coast the canal, the lot and the neighbours answer more questions than a street grid does.
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