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Welcome to 640 Palm Avenue-a custom home built in 2020 by West Coast Builders, with 3 bedrooms and 2 bathrooms, a very large 2 vehicle garage with workshop on an oversized corner lot in the heart of the Historic District of downtown Punta Gorda, close to waterfront parks, tennis and pickleball courts, restaurants, weekly farmer's markets, and Fishermen's Village. This home has highly elevated block construction, full hurricane impact windows, and metal roof, easily assuring no damage from recent floods and storms. With 1, 686 sq ft of living space and an expansive 8, 200 sq ft corner lot, this property offers plenty of room to entertain, garden, and enjoy Florida at its best. Step inside to an open and welcoming layout featuring a seamless living room, dining room, and kitchen combination enhanced by warm wood-look tile flooring throughout. The kitchen has attractive granite countertops, stainless steel appliances, custom cabinetry, a spacious island, and generous pantry-perfect for those who love to cook and entertain. Two additional storage closets line the hallway, adding valuable space that enhances organization. A dedicated laundry room with a washer (and dryer hookup) and upper cabinets, provide extra functionality. Outdoor living is equally impressive, highlighted by a screened lanai with 90-degrees sliders that allow a seamless indoor-outdoor experience. The master suite, a peaceful sanctuary overlooking the beautiful backyard, features a large walk-in closet and a spa-like bathroom thoughtfully designed with a walk-in shower, granite vanity, white cabinetry, and built-in storage. The second bedroom can be used as a private guest suite having its own closet and bathroom, while the brightly illuminated third bedroom can function additionally as a quiet den. Just 7 steps down from the laundry, the attached 820 sq ft garage/workshop opens to an outdoor shower near convenient stairs up to the lanai and also beyond to the partially-fenced backyard with its lovingly curated, lush landscaping of four mulberry trees, six mangoes, and other trees and bushes, along with raised beds for edible plants-for those who enjoy gardening or simply being surrounded by nature. With its generous size, the backyard offers ample room to add a pool, allowing you to design your own outdoor oasis. Additional features include the garage/workshop area with epoxy-coated flooring, plentiful shelving, a utility sink and a toilet. Blown-in under-roof insulation improves energy efficiency. This custom home by West Coast Builders is set among sidewalks and classic brick-paved streets that give the neighborhood its timeless character. Thoughtfully upgraded, meticulously and lovingly cared for, and filled with warmth, this Punta Gorda home is ready to welcome its next owner.
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Our Executive Mortgage Banker:
Our Insurance Division:
$534,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $427,200 | $427,200 | $427,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.285% | 6.132% | 5.415% |
| Monthly Tax Payment | $237 | $237 | $237 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,426 | $2,559 | $3,406 |
| Total Monthly Payment | $2,755 | $2,888 | $3,735 |
* 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.