5330 Murphy St

Port Charlotte, FL 33981

(Gulf Cove)

This huge, double-lot is nearly ½ acre, measuring 160’ wide by 125’ deep for a total of 20,000 SqFt. That offers you a long list of options that include a collector’s garage, an RV hanger, a guest house, your own mini produce-farm, boat & trailer pads, a large work-shop, recording studio, artist retreat, etc. There is also the option to build your new home mid-center of the 2 lots to maximize your privacy in perpetuity.

A significant money-saving feature of these lots is that they are in an X-Flood zone. Thanks to the high elevation, FEMA has classified this property as an "X-Flood Zone" lot. That means they above the 500-year flood plain. For this reason, most lenders will waive the requirement for flood insurance. That can potentially save you thousands of dollars year-after-year. And if you elect to voluntarily carry flood insurance, the X-Flood status has the potential to significantly reduce your annual premiums.

This higher elevation also has the potential to reduce construction costs related to fill and/or stem walls. It can also minimize the need for, and costs for stairs leading up to the front entry and garage-to-interior entry points. The potential for eliminating these steps creates additional value as your home becomes more accessible for aging in-place going into the retirement years.

Another plus is that these lots are located less than a mile from the Jennings Trailhead. Here you will find hiking and horse trails to discover the scenic serenity and wildlife of Myakka State Forest, an 8,593 state park that also features camp grounds, horse trails, and much more.

These lots are located in the boating community of Gulf Cove and less than 2 miles from the Myakka River. The state of Florida has distinguished this crown jewel as a “Wild and Scenic River”. As a homeowner in this neighborhood, you are eligible for membership in the “Property Owners of Gulf Cove HOA. For a $120 annual fee, you will be entitled to enjoy the social events and membership privileges. This includes use of a private park and a boat ramp on the scenic shores of The Myakka River. Don’t forget, with 20,000 square feet of acreage, you have plenty of room for a boats, trailers, and jet skis.

Picture yourself cruising down the eastern shores of the Cape Haze Peninsula with fishing pole in hand. Continue your cruise south to Charlotte Harbor, recognized as one of the primere sailing spots worldwide. From there, head west to the Intracoastal Waterway with passages into the Gulf of Mexico and Boca Grande Pass. This is also recognized as one of the best deep-fishing spots worldwide, and is home to the world-famous annual Tarpon Tournament. The fact this is an oversized lot with plenty of room to park a boat & trailer means you don’t need a $1 million waterfront home to enjoy an idyllic, salt-water lifestyle.

The abundance of open spaces and quiet country ambiance have given rise to a surge of attractive new homes being built in this area. The sellers report there is public water on this street and electricity is nearby. The lots have been surveyed and staked. The construction of new homes a few lots down in multiple directions also indicates the existence of public utilities.

Also noteworthy is that this area is in a designated scrub jay preserve. Accordingly, the county requires a $2,200 fee per lot to build on. These fees go towards expanding scrub jay habitat in alternate areas. These lots have been priced to reflect that.