3 Bed SingleFamilyResidence for Sale in Gulf Cove
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For SaleMLS# 2026025310

$279,900

3 Bed SingleFamilyResidence for Sale in Gulf Cove

5230 Montego Lane, Port Charlotte, FL, 33981

3 beds2 baths1,615 sqft2 garage
Gated

About this home

REO BANK OWNED property. With some TLC you can have equity in this 3-bedroom, 2- bath home in Port Charlotte in the coveted Gulf Cove Community. Close proximity the Myakka State Forest and beaches of Englewood and Manasota Key. The Property Owners Association of Gulf Cove own two private waterfront recreational properties that encompass a little over 5 acres on the Myakka River, including boat launch, picnic area, pavilion and playground. Low POA fee of $75.00 ANNUALLY. Schedule your showing appointment today!

Property details

Type
SingleFamilyResidence
Year built
1992
Interior
1,615 sqft
Lot size
13,068 sqft
Acreage
0.30 acres
Garage
2 car
Days on market
33
Total association fees
None
CDD
None
Est. taxes (1.4%)
$3,919/yr
Flood zone (area est.)
Not available
Storm protection
None listed
Exposure
Northeast
Waterfront
No
Gulf access
No
Gulf access type
N/A
Pool
No
Spa
No
Natural gas
No
Water
Public
Sewer
Septic Tank
New construction
No
Pets
Yes
County
Charlotte

Amenities

SeeRemarks
Not yet ratedNot enough comparable sales nearby to rate this home's price yet.

We rate a home against recently SOLD homes within ~1 mile that match on size, beds/baths, and age. This home doesn't have enough close comparables in the last 12 months for a reliable read, ask Rick for a personalized CMA.

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Recently sold nearby

Closed comparable sales within ~1 mile in the last 12 months, similar price, size, beds/baths, and age.

AddressSoldSold priceBeds/BathsSq ft$/sqft
5405 Bearup StreetAug 2026$298,0003/21,640$182
Average1 comps$298,000$182

Market trends, Gulf Cove

Median list
$1,325,000
Median $/sqft
$502
Avg days on market
97
Active listings
6
Median sold price · Gulf Cove
$357,500last 6 monthsnot enough sold data to compare

Live community medians from the MLS · see all listings. Indicative, not an appraisal.

Price & status history

Down $10,000 (3.4%) from the original list price.

Jul 13, 2026Price reducedfrom $289,900$279,900
Jun 10, 2026Listed$289,900

The good, the trade-offs & the location

Pros
  • 2-car garage
Consider
  • Built 1992 — pre-2002 construction may carry older wind codes and higher insurance
Location convenienceLow
Hospital
12 mi
ShorePoint Health (Punta Gorda)
Beach
36.4 mi
Sanibel Island
Airport
15.7 mi
Punta Gorda Airport
Shopping
28.1 mi
Coralwood / Merchants Crossing (Cape)

Straight-line distances to major SWFL amenities, approximate; actual drive times vary.

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Listing information is provided in part by the Florida Gulf Coast Multiple Listing Service (MLS) through its Broker Reciprocity / Internet Data Exchange (IDX) program. Properties displayed may be listed by brokerages other than SWFL Relocation Team. Data is deemed reliable but is not guaranteed accurate by the MLS or this brokerage and should be independently verified. Fees, flood zones, taxes, square footage, and school assignments are estimates from the feed and must be confirmed. © 2026 SWFL Relocation Team. All rights reserved.