Under contract-accepting backup offers. Prime Waterfront Location for Boaters and Sailors in Punta Gorda. Situated in the highly desirable Old Sailboat area, this property offers immediate, no fixed bridge access to Charlotte Harbor and the Gulf of Mexico, making it a dream location for boaters and sailors alike. Whether you're out on the water for a leisurely sail or a day of fishing, you'll enjoy the unparalleled convenience of being just minutes from open waters. Located just minutes from the vibrant downtown Punta Gorda, this home puts you in the heart of this charming, historic town. Explore its scenic parks, vibrant farmers' markets, excellent restaurants, unique shops, and relaxing spas. The community thrives with local festivals, car shows, and events that give Punta Gorda a fun and welcoming vibe. Just across the harbor, Sunseeker Resorts offers upscale dining options, making it easy to enjoy fine cuisine close to home. This home has experienced significant flooding from both Hurricane Helene and Hurricane Milton, and is being sold As-Is. While the structure is still standing, sections of drywall and other materials have been removed due to water damage. The property is priced to reflect the value of the land, which sits in an exceptional location for boating and waterfront living. Potential buyers should be aware of the 50% rule when considering any renovations or rebuilding plans. This is an excellent opportunity for someone looking to invest in a prime waterfront lot and create a custom home tailored to their needs. Whether you're looking for a renovation project or planning to start fresh, this is a chance to own a piece of paradise at an attractive price. With its unbeatable location and tremendous potential, this property is ready for a new owner to bring it back to life. Nowhere But Here!!!