Moving to Punta Gorda: is It Worth It to Live Off the Water?

 

Are you in search of the perfect property that not only suits your housing needs and budget but also accommodates your beloved boat or boats? In waterfront communities like Punta Gorda and Port Charlotte, the allure of having a home with boat docking access is undeniable. However, it's essential to weigh your options and consider various factors before taking the plunge into waterfront living.

 

Let’s delve into why choosing a home with boat docking facilities may or may not be the ideal choice for you. We'll also explore alternative solutions for boat storage and share some valuable insights to help you make an informed decision.

 

The most apparent consideration when searching for a waterfront property is the price tag. Waterfront homes, as you might expect, come at a premium compared to their non-waterfront counterparts. Still, it's crucial to remember that not all waterfront properties are equal in terms of pricing.

 

If you've watched our Punta Gorda Isles Waterfront Crash Course, you're likely aware that waterfront homes can vary significantly in price. The type of boating you plan to do can significantly impact your home budget. For instance, if you aspire to dock a sizable 40-foot sailboat with a six-foot draft behind your house, you'll need a specific type of canal, which may eat into a more significant portion of your budget than if you have a smaller boat.

 

Another factor to keep in mind is flood insurance. While many waterfront properties require flood insurance, it's not limited to just these homes. If a property falls within Flood Zone AE, lenders may mandate flood insurance, whether it's located on the water or not. We'll be delving deeper into this topic with an insurance agent in a future video, so stay tuned for that valuable information.

 

For boat enthusiasts with more than one vessel, finding adequate storage space can become a significant challenge. Storing multiple boats typically requires a considerable amount of waterfront space, depending on the boat sizes. As you might expect, acquiring a property with an extensive waterfront to accommodate two boats can substantially raise the home's price.

 

Now, let's explore alternative strategies and options to consider when it comes to boat storage:

 

The most cost-effective way to store your boat is by purchasing a property that allows you to store it on-site. In the western part of Punta Gorda and select neighborhoods like Rio Villa, Charlotte Park, and parts of East Punta Gorda, you can find properties under deed restrictions that permit boat storage. Port Charlotte is another area with many properties offering ample space to keep your boat and trailer on your premises.

 

Although less common, some homeowners who don't use their private docks may consider renting them out. This option might be a bit more challenging to come by, but it's worth exploring if you're interested.

 

Marinas are a popular choice for boat storage in South Punta Gorda and other coastal areas. However, it's essential to keep in mind that marina slip rentals come at a cost, usually ranging from $12 to $14 per foot of boat per month. If you opt for annual dockage, rates may vary depending on storage duration.

 

 

Bird Store Marina: Located in South Punta Gorda, this marina offers not only slip rentals but also the option to live within the marina. It boasts a range of amenities, including restaurants, golf courses, and various activities. However, living in the marina comes with HOA fees, separate from the cost of dockage.

 

Lashley Park Marina and Fisherman's Village: Closer to downtown Punta Gorda, these marinas offer convenient access to boating and dining experiences. Be prepared for potential waitlists to secure a spot.

 

Punta Gorda Marina: With easy access to Charlotte Harbor and the Gulf of Mexico, this marina is another excellent choice for boat enthusiasts.

 

Punta Gorda Isles Yacht Club: Although there might be a waitlist for membership, this club offers a beautiful location for boat owners.

 

In conclusion, choosing the right home for your boat involves careful consideration of your budget, boating preferences, and storage needs. While waterfront properties offer a unique lifestyle, they may not always be the most practical choice for everyone. Exploring alternative storage options, such as on-property storage, dock rentals from homeowners, or marina slip rentals, can help you strike the perfect balance between your housing and boating requirements.

 

Thank you for reading, and we look forward to sharing more valuable information with you in our upcoming posts!