518 MONACO DRIVE, Punta Gorda, FL, 33950 | $850,000

Under contract-accepting backup offers. Waterfront living awaits in this beautifully maintained 3-bedroom plus office, 2-bath pool home with an oversized garage and more than 2, 700 sq ft of living space in the highly sought-after community of Burnt Store Isles. Perfectly positioned on intersecting canals, this residence captures breathtaking water views, stunning sunsets, and lush tropical landscaping highlighted by stately Royal, Foxtail, and Christmas palms.

Designed for both elegance and comfort, the open split-bedroom floor plan features vaulted ceilings, skylights, and pocket sliders that seamlessly blend indoor and outdoor living. Recent updates include a new roof (2023), newer appliances, and fresh interior and exterior paint. A stamped concrete circular driveway provides ample parking and easy access, while the welcoming front porch with French doors and etched glass adds timeless curb appeal.

The oversized primary suite offers a private retreat with tray ceilings, dual walk-in closets, and a spa-inspired bath featuring dual vanities, a walk-in shower, soaking tub, and private water closet. Guest accommodations include two bedrooms and a shared bath with convenient pool access.
You’ll love spending time outdoors with a covered lanai, heated pool and spa, and a 45-ft concrete dock equipped with electric and water, plus a 10, 000 lb boat lift providing direct access to Charlotte Harbor and the Gulf via Alligator Creek (sailboat water). For added peace of mind, the home includes electric roll-down, accordion, and panel shutters for full storm protection.


Ideally located near I-75, Punta Gorda Airport, historic downtown Punta Gorda, Fishermen’s Village, and the Yacht Club. Optional membership is available at Twin Isles Golf & Country Club, featuring an 18-hole championship golf course, tennis courts, swimming pool, and a vibrant clubhouse with indoor and outdoor dining plus numerous social activities. Nearby attractions include PicklePlex with 24 pickleball courts, fine dining, and boutique shopping. There’s always something happening—from international art exhibits to weekly farmers markets, music festivals, and holiday celebrations. It’s truly a lifestyle like no other.

Easy to show—schedule your appointment today and don’t miss the virtual and 3D tours!

Features

  • Rooms: 10
  • Bedrooms: 3
  • Baths: 2 full
  • Laundry: Inside, Laundry Room
  • Year Built: 2004
  • Garage: 2-car
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 2,741
  • Acreage: 0.23
  • Est. Taxes: $10,235
  • HOA Fee: $50 Annually
  • Lot Desc: Flood Insurance Required, FloodZone
  • View: Pool, Water
  • Elem. School: Sallie Jones Elementary
  • Middle School: Punta Gorda Middle
  • High School: Charlotte High
  • Pool: Heated, In Ground
  • Pet Policy: Yes
  • Appliances: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
  • MLS#: D6144104
  • Days on Market: 135 days
  • Website: https://www.raveis.com
    /prop/D6144104/518monacodrive_puntagorda_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 3/29/2026 5:47:07 PM)
Listing courtesy of COLDWELL BANKER SUNSTAR REALTY   Phone: 941-214-3111

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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518 MONACO DRIVE, Punta Gorda, FL, 33950

$850,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $680,000 $680,000 $680,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.250% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.312% 6.385% 6.223%
Monthly Tax Payment $853 $853 $853
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,022 $4,187 $5,738
Total Monthly Payment $4,967 $5,132 $6,683

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.