Situated in the highly desirable Deep Creek community, this lot located at 1390 Rio de Janeiro Avenue, is a 0.54-acre development-ready parcel zoned RMF-15, allowing ±6 units on this parcel (buyer to verify density and plans with Charlotte County & POA), making it well-suited for multifamily development.
The property features 102.2 feet of golf course rearage and 97.8 feet of street frontage which sits directly along the Deep Creek Golf Course with narrow lake views and full golf course scenic manicured fairways. This parcel features level topography, direct road frontage, and convenient access to public utilities including water, sewer, and electric—expediting the development process and reducing upfront costs.
Rental activity in the immediate golf course area demonstrates a wide range of achievable rents—from approximately $1,200 to $3,000 per month or approximately $100,800 to $208,800 per year depending on unit design, finishes, and positioning - allowing developers and investors to tailor the project based on target market and construction strategy. New comparable multifamily development just built directly adjacent to the property, reinforcing feasibility and market demand.
Located within a deed-restricted community of Deep Creek, an advantageous active rental community in Punta Gorda with long-term neighborhood stability, maintained surroundings, and strong market appeal. The site is not located in a flood zone and is not within a scrub jay habitat area, eliminating common development hurdles and further enhancing its desirability.
Positioned near I-75 with convenient access to Punta Gorda and Port Charlotte amenities, this site offers a strong combination of location, flexibility, and income potential within one of Southwest Florida’s growing residential markets. This offering presents an ideal opportunity for investors and developers.
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