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1249 Capricorn Boulevard, DEEP CREEKPunta Gorda, FL 33983Price: $549,500

  • Price: $549,500
  • Est. Mortgage of $/month
  • 22 Days on Market
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$
%
$/month over payments
Federal 30-year interest rate: 6.36% last updated on May 14, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $549,500List Price
  • 2.13Acreage
  • 2026019437MLS Number

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What an incredible opportunity to own a prime development site in the highly desirable Deep Creek area of Punta Gorda on sought-after Capricorn Boulevard. This expansive 2.13+ acre parcel comes with approved renderings, architectural plans, and development concepts for “Palm View Cove,” a beautifully designed upscale condominium community featuring 31 residential units, a resort-style pool area, and elegant clubhouse. All plans, renderings, and architectural concepts are included in the sale, giving developers and investors an outstanding head start to immediately move forward with the project. Beautifully proportioned with approximately 406 feet of frontage and extending roughly 268 feet toward the rear, this impressive property offers exceptional space for a thoughtfully designed luxury condominium development with outstanding curb appeal, landscaped areas, parking, and upscale community features. Palm View Cove has been designed as a modern luxury condominium community consisting of four separate contemporary-style two-story buildings, each featuring eight residential units with four units per floor, creating a spacious and comfortable residential atmosphere. Each residence is designed as a beautiful two-bedroom, two-bathroom unit with open-concept kitchens flowing seamlessly into expansive living and dining areas. Every unit also features a private balcony, creating inviting outdoor living spaces that enhance the luxury lifestyle feel of the community. Designed with striking modern architecture and upscale finishes throughout, Palm View Cove offers the atmosphere of a high-end luxury apartment-style community combined with comfort, elegance, and functionality. The resort-style amenities and carefully planned layout create a highly desirable living environment for future residents. Location is everything, and this property delivers. Situated just minutes from I-75 and US-41, residents will enjoy having everyday conveniences right at their fingertips including nearby Culver's, Applebee's Grill + Bar, Walmart Supercenter, Arby's, Five Guys, RaceTrac, 7-Eleven, Taco Bell, Starbucks, Publix Super Market, and Cracker Barrel Old Country Store. Utilities including electric, cable, sewer, irrigation access, and trash services are readily available. Best of all, the hard work has already been completed, making this a rare opportunity to acquire a ready-to-develop luxury condominium project in one of Southwest Florida's growing and desirable locations with tremendous upside potential and exceptional investment value.

Property Details

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Community

Listed by Edward Schiff of Schiff Realty,Inc

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Based on information submitted to Gulf Coast as of May 20, 2026 . All data is obtained from various sources and has not been, and will not be, verified by broker or Gulf Coast.  All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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