5186 FORBES TERRACE, PORT CHARLOTTE, FL, 33981
Active80 days on marketListed May 22, 2026MLS #D6147561
About this home
5186 FORBES TERRACE
Experience the ultimate in luxury waterfront living in this stunning four-bedroom, two-bath saltwater canal home offering breathtaking, unobstructed views of the Myakka River. Designed for both elegant entertaining and relaxed coastal living, this exceptional residence showcases high-end finishes, expansive indoor-outdoor spaces, and spectacular water views from nearly every room.A grand double-door entry welcomes you into an unsurpassed interior featuring marble flooring throughout and upgraded modern lighting that enhances the home’s sleek contemporary design. The open floor plan includes a formal dining room and an expansive living room centered around a large sectional conversation area, seamlessly connecting to the lanai, pool, and waterfront through oversized impact sliding glass doors. The dining nook is surrounded by two walls of impact sliders, creating a seamless transition to the outdoor living area while capturing incredible water views. The gourmet kitchen is a true showpiece, featuring granite countertops with a dramatic waterfall edge, a farmhouse sink, breakfast bar, modern wood cabinetry, stainless steel appliances, built-in oven and microwave, pantry, and stylish pendant lighting. A floating Wi-Fi-enabled exhaust hood adds both convenience and contemporary flair. Wake up to beautiful waterfront views from every bedroom. The luxurious primary suite offers private access to the lanai and pool area along with a spa-inspired ensuite featuring dual sinks, marble countertops, a soaking tub, separate walk-in shower, private water closet, and heated lighted mirrors designed to eliminate moisture after a relaxing steamy shower. The guest bath is equally impressive with a glass-enclosed shower, heated lighted mirror, and direct pool access for effortless indoor-outdoor convenience. Step outside to your private screened lanai and resort-style pool area, complete with both covered seating and sun-drenched lounging spaces. The outdoor kitchen with sink and cabinetry makes entertaining effortless while you enjoy the tranquil waterfront setting. Follow the path to your impressive 12’ x 30’ dock and boat lift, or simply relax and take in the panoramic views of the Myakka River. This extraordinary property truly feels like the kind of home featured in luxury waterfront living magazines. Come experience this remarkable waterfront retreat for yourself.
Facts & features
The home at a glance
4
Bedrooms
2
Bathrooms
2,485
Sqft
0.24 ac
Lot size
2
Garage
1998
Year built
One
Levels
$328
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$6,263 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$6,263/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
+38.7%
$/sqft vs PORT CHARLOTTE SEC 054
$328 vs $255
Days on market
80 vs 60 typical
Where $328/sqft sits among the 7 homes for sale in PORT CHARLOTTE SEC 054
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Gulf Cove
Get to know Port Charlotte. See the full Port Charlotte guide →
Gulf Cove — neighborhood snapshot
Population
4,064
Median age
62
Median income
$57,533
Median home value
$349,277
Avg household
2
Households w/ children
274
For the school run
Charlotte County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Port Charlotte market
$289K → $305K
Port Charlotte median sold, yr/yr
96.0%
Sale-to-list ratio (12 mo)
3 of 7
PORT CHARLOTTE SEC 054 have cut their price
Median sold price, Port Charlotte, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 1963% above the PORT CHARLOTTE 33981 median. See the full Port Charlotte market guide →
Paper trail
This home's history
Reality check
What actually sold near 5186 FORBES TERRACE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Nov ’25$775,000
5174 CONNER TERRACE · same community
3 bd · 3 ba · 2,352 sqft · $330/sqft · 135 DOM
Sold · Jun ’26$775,000
5217 FORBES TERRACE · same community
3 bd · 2 ba · 2,119 sqft · $366/sqft · 211 DOM
Sold · Apr ’26$540,000
5265 NEVILLE TERRACE · same community
3 bd · 2 ba · 2,117 sqft · $255/sqft · 177 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 5186 FORBES TERRACE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 5186 FORBES TERRACE — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
5186 FORBES TERRACE FAQs
What would the monthly payment be for 5186 FORBES TERRACE?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $6,263/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 5186 FORBES TERRACE?+
The most recent tax bill on record (2025) was $16,795. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 5186 FORBES TERRACE?+
The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Port Charlotte?+
At $815,000, this home is listed about 146% above the Port Charlotte median of $330,740. The market section on this page shows how the area is trending.
Which schools are assigned to 5186 FORBES TERRACE?+
Myakka River Elementary School (elementary), L. A. Ainger Middle School (middle), Lemon Bay High School (high) — Charlotte County School District. Always verify school assignments with the district before relying on them.
Keep looking
Similar homes nearby
Listing courtesy of KELLER WILLIAMS ISLAND LIFE REAL ESTATE · Roger Richmond. MLS #D6147561.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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