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Last updated on April 22nd, 2021

Charlotte 580

$11,727,000

16901 Tamiami Trail, Punta Gorda, Florida 33955


Land Size586 Acres
ZoningAG (Agricultural General)
ElectricYes

EXECUTIVE SUMMARY
Charlotte 580 is a unique opportunity for a potential buyer to secure a sound mid-term investment in what has become a rapidly growing Southwest Florida. The property provides maximum exposure as it is located directly on Tamiami Trail at the Lee/Charlotte County line. This section of Tamiami Trail serves as the main thoroughfare for drivers commuting back and forth from Fort Myers to Punta Gorda.

The surrounding area is comprised mostly of state-owned land and single family developments. Positioned diagonally across US-41 is Magnolia Landings/Herons Glen, a bundled golf course development that will be comprised of 1,300 homesites and a stunning 18- hole championship golf course that allows access to the public. DR Horton is currently building and selling homes in this community.

The Charlotte 580 property is currently zoned AG (Agricultural General) with a Future Land Use of Burnt Store Limited Development. The current density permitted under and AG zoning allows for one dwelling unit per 10 acres. The Future Land Use designation is for rural land currently limited by either road access or environmental constraints. The general range of uses includes single-family residential, recreational vehicles (RV), agriculture, and public services and facilities.

The current FLU has a special provision to increase density by preserving environmentally sensitive wetland and upland areas. Residential development must be clustered with at least 20 percent common open space. Under this provision, an applicant has the opportunity to increase potential density to 2 dwelling units per acre if the property is located within the Urban Service Area. The Charlotte 580 is not currently located in the urban service area, however, that may change in the future as Charlotte county continues to grow.

Access to Charlotte County water and sewer lines is approximately 7 miles away north along Tamiami Trail. However, Lee County water and sewer lines are in close proximity to the property. The property falls under the Charlotte County jurisdiction, however, other owners in the area have had recent success in obtaining agreements with Lee County to service their properties.


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.

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