623 Fitzhugh Avenue, Punta Gorda, FL 33950
Local realty services provided by:CENTURY 21 North East
Listed by: bob helphenstine
Office: five star realty of charlotte
MLS#:C7519559
Source:MFRMLS
Price summary
- Price:$85,000
About this home
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 $319,900, 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....
Contact an agent
Home facts
- Subdivision & Development:WOODS 2ND ADD
- Listing ID #:C7519559
- Added:248 day(s) ago
- Updated:September 13, 2026 at 02:16 PM
Structure and exterior
- Lot area:0.26 Acres
- Lot Features:Buildable, Paved
- Levels:1 Story
Schools
- High school:Charlotte High
- Middle school:Punta Gorda Middle
- Elementary school:East Elementary
Utilities
- Water:Public
- Sewer:Public, Public Sewer
Finances and disclosures
- Price:$85,000
- Tax amount:$965 (2025)
Features and amenities
- Pool features:Public Pool
New listings near 623 Fitzhugh Avenue
- Coming SoonOpen Sun, 12am to 3pm
$1,389,000Coming Soon3 beds 4 baths2,388 sq. ft.312 Segovia Drive, PUNTA GORDA, FL 33950
MLS# C7530280Listed by: GLOBAL FLORIDA REALTY - New
$215,000Active2 beds 2 baths1,150 sq. ft.43993 Boardwalk Loop #1932, Punta Gorda, FL 33982
MLS# 226032464Listed by: DOMAINREALTY.COM LLC - New
$899,900Active30.22 Acres15600 Rasmussen Road, Punta Gorda, FL 33982
MLS# 2026038317Listed by: NICKLAUS VANCE - New
$279,900Active2 beds 2 baths1,214 sq. ft.3024 Amanda Street, PUNTA GORDA, FL 33950
MLS# C7530669Listed by: RE/MAX HARBOR REALTY - New
$134,500Active2 beds 2 baths1,142 sq. ft.29206 Crawford Avenue, PUNTA GORDA, FL 33982
MLS# A4705900Listed by: JOSEPH WALTER REALTY LLC - New
$359,000Active2 beds 2 baths1,655 sq. ft.14050 Heritage Landing Boulevard #211, PUNTA GORDA, FL 33955
MLS# C7530616Listed by: EXP REALTY LLC - New
$459,900Active4 beds 3 baths2,487 sq. ft.26212 Madras Court, PUNTA GORDA, FL 33983
MLS# C7530668Listed by: RE/MAX PALM REALTY - New
$59,900Active0.34 Acres26318 Melo Court, PUNTA GORDA, FL 33983
MLS# D6148750Listed by: EDGERTON REALTY & DEVELOPMENT,LLC
$599,990Pending2.85 Acres1521 Capricorn Boulevard, PUNTA GORDA, FL 33983
MLS# C7530674Listed by: IALUNA REAL ESTATE
$599,990Pending2.85 Acres1521 Capricorn Boulevard, PUNTA GORDA, FL 33983
MLS# C7530674Listed by: IALUNA REAL ESTATE