Sales of New Homes Revving Up in South Gulf Cove


SARASOTA, FLORIDA, March 15, 2018 – Sales turnover of newly built residences looks to be tracking an upwards trajectory in the expansive residential development of South Gulf Cove in Port Charlotte. In the last 12 months ending February 2018, data from the MLS of Sarasota homes for sale indicated that there were some 20 homes recorded sold in this community, three-fourths of which were builds onwards from 2015.

It was during this year that some national builders, including D.R. Horton and Maronda Homes, started establishing their presence in South Gulf Cove. Currently, Maronda has several spec homes under construction in this community, a follow-through of its seven new builds in South Gulf Cove that were sold recently.

These builder-owned sales listings are set for completion this first half of 2018. Their floor plans measure between 1,600 and 2,450 square feet designed with four bedrooms and three baths. Covered by full builder warranties, these builds are of concrete block stucco construction. Some of their standard features include eat-in kitchens, spacious great rooms, 9-foot and 4-inch volume ceilings, and indoor utility rooms.

Sweet Spot at the $200s

South Gul Cove

The price points of these South Gulf Cove residences start in the low $200s. This level notably approximates the 2017 median price of $206,000 for homes for sale in Charlotte County, which was 8.5 percent above the level recorded in 2016. It was estimated that sales of single family homes in the county registered a 1.6 percent increase last year.

The choices of homes for sale in South Gulf Cove likewise include new construction from local custom home builders which have a long-established presence in this community. These new custom homes are typically priced in the upper $500s, featuring three bedrooms within floor areas of about 2,400 square feet.

Options on Pre-owned Custom Builds

Older but larger pre-owned South Gulf Cove custom homes are also often available on the market as resale properties also priced at the high $500s. Their typical floor plans measure about 3,500 square feet designed with five bedrooms and often occupy estate-sized waterfront lots, the prime choices in the community.

South Gulf Cove, all told, has a total of 15,000 home sites, platted way back in the early 1970s. Thus, there is still ample room for growth in this community even as its existing residences should be now nearing the 3,000 mark with the spate of recent new construction.

Waterside Lifestyle

South Gulf Cove

Homes for sale in South Gulf Cove are ideal for those who seek a water-based lifestyle. Over 120 man-made, wide and deep-water canals meander for 55 miles around this development.

The community is hence an ideal base for fishing and boating. This comes especially so from those home sites designed with sailboat access and with no obstructing bridges towards the Charlotte Harbor and onwards to the Gulf of Mexico.

In addition, there is a community-use boat ramp accessible to all residents of the community. The neighborhood also features a community park with a public-use pavilion, nature trails along the saltwater canals.

For lovers of the beach lifestyle, it would likewise be a delight to live in South Gulf Cove, as it is just a 15-minute drive to six Gulf Coast beaches on Boca Grande and Manasota Key. Shifting to other life and leisure pursuits is as easy. There are five golf and country clubs nearby plus plenty of local choices for shopping and dining, points of interest that should further spur market interest on South Gulf Cove homes for sale.