5348 PALANGOS DRIVE, Punta Gorda, FL, 33982 | $949,000

Private 5 acre estate in Punta Gorda offering exceptional space, privacy, and versatility. The beautifully landscaped grounds represent a high end investment that would take years to replicate, with mature tropical plantings and towering bamboo creating a natural privacy barrier and an incredible estate setting. A beautiful freshwater pond located at the front of the property enhances the setting and offers the opportunity for a fountain feature as well as recreational fishing. Over 4, 000 square feet of pavers surround the home and outdoor areas, including a large rear patio with a fire pit perfect for relaxing or entertaining.

A standout feature of the property is the impressive 2, 000 square foot metal building. Ideal for collectors, car enthusiasts, boat storage, a mechanic shop, or operating a home based business, this massive structure offers incredible flexibility. The building also includes an office space that can remain for convenience or easily be removed to create additional open workspace.

Built in 2015, this well maintained 4 bedroom, 3 bathroom home features impact windows and doors, real wood plantation shutters, an insulated foam roof for energy efficiency, and two air conditioning systems. The spacious 3 car garage includes epoxy floors and a mini split system for added comfort and functionality. The home also offers two private well systems and a new pump.

Inside the home, French cut tile flooring runs throughout the main living areas leading to a large family room designed for gathering and entertaining. The primary and guest bedrooms feature attractive tile plank flooring.

The kitchen offers granite countertops, high end cabinetry, a large center island with wine storage and wine cooler, a pot filler, and a spacious walk in pantry with wood shelving.

The primary suite includes a beautifully designed bathroom with dual vanities, a Jacuzzi soaking tub, and a large walk in shower creating a relaxing private retreat.

This unique property offers the rare combination of acreage, privacy, extensive outdoor improvements, and a massive workshop all while being conveniently located just minutes from I 75, shopping, dining, and historic downtown Punta Gorda.

Features

  • Rooms: 4
  • Bedrooms: 4
  • Baths: 3 full
  • Laundry: Inside
  • Style: Contemporary
  • Year Built: 2015
  • Garage: 3-car Driveway, Off Street
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 2,890
  • Acreage: 5
  • Est. Taxes: $11,017
  • Lot Desc: Cleared, Landscaped, Level
  • View: Water
  • Appliances: Cooktop, Dishwasher, Dryer, Microwave, Range, Washer
  • MLS#: C7522720
  • Days on Market: 20 days
  • Website: https://www.raveis.com
    /eprop/C7522720/5348palangosdrive_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 3/27/2026 10:47:06 PM)
Listing courtesy of COLDWELL BANKER SUNSTAR REALTY   Phone: 941-225-4663

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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

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  • Is available to meet with you in our office, your home or office, evenings or weekends
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5348 PALANGOS DRIVE, Punta Gorda, FL, 33982

$949,000

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 $759,200 $759,200 $759,200
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 $918 $918 $918
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,491 $4,675 $6,407
Total Monthly Payment $5,501 $5,685 $7,417

* 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.