Charlotte County Florida - Land, Farms & Ranches - Property ID: 3682149

Property ID: 3682149 - Charlotte County Florida


Property ID: 3682149 - Charlotte County Florida

Property ID: 3682149

County: Charlotte

Type: Residential Property

Acres: 176.00

Address: 12280 Burnt Store Road

City: Punta Gorda

State: Florida

Zip: 33955

Price: $7,920,000.00

Status: Available
Description: The subject property is part of the Coral Creek PUD a 330 +/- acre planned mixed use subdivision planned for 999 units and 200,000 SF of commercial development (176 +/- subject property and 154 +/- acres to the south). The property has proposed future Tuckers Grade connection, a roadway that will connect Burnt Store Road to Interstate 75 along the north property line. Utility capacity is available but will have to be extended to site (Approx. one mile). The subject property is currently used for cattle grazing and has Ag exemption. Some of the nations best offsite water sports, fishing and water activities can be accessed nearby at Burnt Store Marina and Fishermans Village. A Publix anchored community shopping center is located three miles to the north at the intersection of Burnt Store Road and Tamiami Trail. Burnt Store Road is currently being widened from two to four lanes from Tamiami Trail to Pine Island Road in Cape Coral. In 2003 the subject property was acquired by Michael Saadeh under entity North Tamiami LCC, for $2,768,000 or $15,727 an acre. In January of 2007, Charlotte County approved the Coral Creek DRC plan (master concept plan) for Coral Creek. In March of 2007, the Bonita Bay Group optioned the subject property under an entity Resource Conservation Properties, Inc and began entitlements of a mixed use subdivision (Coral Creek). In June 2007, the Charlotte County Board of County Commissioners approved Zoning Ordinance 2007-037 for a mixed use subdivision known as Coral Creek. In August of 2007, Coral Creek received its SWFWMD Environmental Resource Permit (ERP 23907.001). In June of 2008, Coral Creek received its Army Corps of Engineers Permit (permit SAJ-2008-491). During the real estate boom from 2004-2007, the Burnt Store Corridor held the highest absorption rates in Charlotte County in communities such has Burnt Store Marina and Country Club and Punta Gorda Isles, spurring additional demand for new residential developments. Several planned developments received zoning and development approvals along the Burnt Store corridor such as Lennars Tern Bay Golf and Country Club and Bonita Bay Groups Burnt Store Investments PD.


Contact Name: Justin Thibaut, Director of Sales

Phone Number: 239-489-4066

Address1: 10471 Six Mile Cypress Pkwy

City: Fort Myers

State: FL

Zip: 33966

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