1040 MELVILLE ROAD, PUNTA GORDA, FL, 33983
Active11 days on marketListed Jul 22, 2026MLS #OM729010
About this home
1040 MELVILLE ROAD
This occupied 6-bedroom, 4-bath duplex with a single-car garage is a great opportunity for investors seeking immediate cash flow and long-term appreciation. This Duplex can also be occupied by an owner, without sacrificing comfort & style. Built in 2019, this well-maintained property features two spacious 3-bedroom, 2-bath units, each offering open-concept living areas, modern finishes, and private garage access. Located in the highly desirable Deep Creek community, residents enjoy convenient access to I-75, shopping, dining, medical facilities, golf courses, and the beautiful Gulf Coast beaches. With strong rental demand in the Punta Gorda market, this income-producing asset is ideal for both seasoned and first-time investors. The property sits on an oversized lot in a deed-restricted neighborhood known for its attractive surroundings and community pride. Whether you're looking to expand your portfolio or secure a turnkey investment with existing occupancy, this duplex delivers excellent potential for consistent returns and future growth. Don't miss this opportunity to own a newer construction duplex in one of Southwest Florida's most sought-after rental markets
Facts & features
The home at a glance
4
Bedrooms
2,592
Sqft
0.58 ac
Lot size
2
Garage
2019
Year built
$169
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.
$3,578 /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
$3,578/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.
$/sqft vs PUNTA GORDA ISLES SEC 23
$169 vs $180
Days on market
11 vs 59 typical
Where $169/sqft sits among the 28 homes for sale in PUNTA GORDA ISLES SEC 23
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 Deep Creek
Get to know Punta Gorda. See the full Punta Gorda guide →
Deep Creek — neighborhood snapshot
Population
13,000
Median age
55
Median income
$70,043
Median home value
$306,257
Avg household
2
Households w/ children
1,092
For the school run
Charlotte County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Punta Gorda market
$345K → $345K
Punta Gorda median sold, yr/yr
95.0%
Sale-to-list ratio (12 mo)
17 of 28
PUNTA GORDA ISLES SEC 23 have cut their price
Median sold price, Punta Gorda, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 485% above the PUNTA GORDA 33983 median. See the full Punta Gorda market guide →
Paper trail
This home's history
Reality check
What actually sold near 1040 MELVILLE ROAD
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Aug ’25$480,000
1115 SAN CRISTOBAL AVENUE · same community
5 bd · 4 ba · 2,586 sqft · $186/sqft · 24 DOM
Sold · Dec ’25$458,900
25255 NOCTURNE LANE · same community
4 bd · 2.5 ba · 2,564 sqft · $179/sqft · 12 DOM
Sold · Apr ’26$575,000
1151-1153 OCEANIC ROAD · same community
6 bd · 4 ba · 2,500 sqft · $230/sqft · 0 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 1040 MELVILLE ROAD — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 1040 MELVILLE ROAD — 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
1040 MELVILLE ROAD FAQs
What would the monthly payment be for 1040 MELVILLE ROAD?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $3,578/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 1040 MELVILLE ROAD?+
The most recent tax bill on record (2025) was $7,676. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Punta Gorda?+
At $438,900, this home is listed about 27% above the Punta Gorda median of $344,849. The market section on this page shows how the area is trending.
Which schools are assigned to 1040 MELVILLE ROAD?+
Deep Creek Elementary School (elementary), Punta Gorda Middle School (middle), Charlotte 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 SUNCOAST PROPERTY MANAGEMENT L · Suzanne Rosborough. MLS #OM729010.
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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