1042 MALAY TERRACE NW, PORT CHARLOTTE, FL, 33948
Active36 days on marketListed Jul 8, 2026MLS #D6147954
About this home
1042 MALAY TERRACE NW
Welcome home to your perfect Sunshine State retreat at 1042 Malay Terrace NW in Port Charlotte, Florida. This beautifully updated, move-in-ready gem features 2 bedrooms, 2 bathrooms, and 1,370 square feet of comfortable living space. Whether you are searching for a full-time residence, a sunny winter getaway, or a smart investment property, this bright and inviting home is prepared for immediate enjoyment from the moment you step inside. Say goodbye to unexpected maintenance projects. This 1983-built home has been thoughtfully modernized for total peace of mind. Recent upgrades include a brand new water heater installed in 2025 and a new shingle roof from 2021. The home also boasts fresh interior and exterior paint, as well as beautiful new flooring throughout the entire space to create a clean, modern aesthetic. One of the most desirable aspects of this property is the freedom it offers. With no HOA fees and no deed restrictions, you can easily park your boat, RV, or trailer right on your own property. Step outside to discover the oversized 0.23-acre backyard, which provides endless possibilities and plenty of room to add a custom pool, build an outdoor kitchen, or design your own private tropical oasis. Plus, the home is located in highly sought-after Flood Zone X, meaning there is typically no lender-required flood insurance. Situated in a highly convenient Port Charlotte neighborhood, you are just minutes away from local shopping, dining, everyday conveniences, and medical facilities. For those looking to embrace the Florida lifestyle, you will enjoy incredibly close proximity to top-rated golf courses, marinas, world-class fishing, and some of Southwest Florida's most beautiful Gulf beaches. Do not miss out on this incredible opportunity to own an updated, restriction-free home in an unbeatable location at an affordable price.
Facts & features
The home at a glance
2
Bedrooms
2
Bathrooms
1,370
Sqft
0.23 ac
Lot size
2
Garage
1983
Year built
One
Levels
$182
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.
$1,854 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
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
Estimated payment
$1,854/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. 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
+9.4%
$/sqft vs PORT CHARLOTTE SEC 023
$182 vs $200
Days on market
36 vs 60 typical
Where $182/sqft sits among the 18 homes for sale in PORT CHARLOTTE SEC 023
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 Port Charlotte
Get to know Port Charlotte. See the full Port Charlotte guide →
PORT CHARLOTTE 33948 — neighborhood snapshot
Population
18,732
Median age
59.4
Median income
$60,788
Median home value
$279,500
Avg household
2.32
Households w/ children
1,261
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)
10 of 18
PORT CHARLOTTE SEC 023 have cut their price
Median sold price, Port Charlotte, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 733% above the PORT CHARLOTTE 33948 median. See the full Port Charlotte market guide →
Paper trail
This home's history
Reality check
What actually sold near 1042 MALAY TERRACE NW
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Dec ’25$249,000
947 SILVER SPRINGS TERRACE NW · same community
3 bd · 2 ba · 1,360 sqft · $183/sqft · 7 DOM
Sold · Mar ’26$224,900
1063 ROBAT TERRACE NW · same community
3 bd · 2 ba · 1,337 sqft · $168/sqft · 39 DOM
Sold · Aug ’26$229,000
1223 AMPLE AVENUE · same community
2 bd · 2 ba · 1,336 sqft · $171/sqft · 144 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 1042 MALAY TERRACE NW — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 1042 MALAY TERRACE NW — 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
1042 MALAY TERRACE NW FAQs
What would the monthly payment be for 1042 MALAY TERRACE NW?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $1,854/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 1042 MALAY TERRACE NW?+
The most recent tax bill on record (2025) was $1,338. 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 1042 MALAY TERRACE NW?+
The listing reports pets: Cats OK, Dogs OK. 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 $250,000, this home is listed about 24% below the Port Charlotte median of $330,000. The market section on this page shows how the area is trending.
Which schools are assigned to 1042 MALAY TERRACE NW?+
Liberty Elementary School (elementary), Port Charlotte High School (high), Murdock Middle School (middle) — Charlotte County School District. Always verify school assignments with the district before relying on them.
Keep looking
Similar homes nearby
Listing courtesy of PARADISE EXCLUSIVE REAL ESTATE · Tyler Mann. MLS #D6147954.
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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