Multifamily Property for Sale

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Year built: 1974

Description

The Cottages at Punta Villas is a turnkey 8-cottage boutique vacation rental compound situated on Harvey Street in the heart of Historic Downtown Punta Gorda. Fully renovated in 2024, the property operates as an established, professionally branded short-term rental business with active listings on Airbnb, VRBO, Booking.com, and a direct-booking website at puntavillascottages.com. The asset has earned a 4.8-star Google rating, a 5.0-star Tripadvisor rating, and a Tripadvisor Travelers' Choice award, ranking #1 of 2 limited-service properties in Punta Gorda. Each of the eight individually decorated, fully furnished cottages has been remodeled top-to-bottom and features a queen bed, full kitchen with granite counters, stainless appliances, walk-in tile shower, smart TV, Bluetooth speakers, complimentary high-speed Wi-Fi, and a private patio. Shared amenities include on-site self-serve laundry, BBQ and picnic areas, beach gear for guest use, and lush tropical landscaping with brick paver hardscape throughout the compound. The property is pet-friendly with active, hospitality-focused ownership that has built a strong base of repeat guests, snowbird tenants, and flight-school trainees from nearby Punta Gorda Airport. This is a rare opportunity to acquire a fully renovated, fully operational boutique lodging asset in one of Southwest Florida's strongest downtown rental submarkets — with multiple income strategies available including nightly STR, weekly/monthly snowbird rentals (currently advertised at $1,850/month furnished), or conversion to traditional long-term multifamily.

Market Context

This multifamily is listed for sale. The building dates to 1974. It has been on the market for 20 days. Compare it against other multifamily listings for sale — <a href="/browse/multifamily">view the full market</a>.

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