5281 FORBES TERRACE, PORT CHARLOTTE, FL, 33981
Active5 days on marketListed Oct 7, 2026MLS #A4708725
About this home
5281 FORBES TERRACE
Look closely at this deal on a Gulf Cove waterfront home newly appointed with a modern kitchen, built-in wall ovens, large cooking island with stainless-steel hood, updated finishes, and roof-mounted solar panels. Spacious living areas with a Florida room overlooking your water. Ceramic tile throughout the entire home, full laundry room and three full bathrooms. Large oak trees cover a back patio area with outdoor shower, firepit, and room for entertaining. Enjoy the waters of the Gulf with your seawater canal views, dock, and davits. The community of Gulf Cove offers optional access to a private boat ramp and waterfront park, where you can access the Myakka River, Charlotte Harbor, and the Gulf of America. The area provides convenient access to boating, fishing, golf, dining, shopping, nature areas, and Charlotte Sports Park, home to Tampa Bay Rays spring training.
Facts & features
The home at a glance
3
Bedrooms
3
Bathrooms
1,991
Sqft
0.23 ac
Lot size
1982
Year built
One
Levels
$171
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.
$2,809 /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
$2,809/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
−12.4%
$/sqft vs PORT CHARLOTTE SEC 054
$171 vs $255
Days on market
5 vs 74 typical
Where $171/sqft sits among the 8 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)
2 of 8
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 750% 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 5281 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 · Feb ’26$525,000
5201 COOPER TERRACE · same community
3 bd · 2 ba · 1,950 sqft · $269/sqft · 18 DOM
Sold · Aug ’26$730,000
5312 CONNER TERRACE · same community
3 bd · 2.5 ba · 2,092 sqft · $349/sqft · 39 DOM
Sold · Mar ’26$595,000
5231 CONNER TERRACE · same community
3 bd · 2 ba · 1,876 sqft · $317/sqft · 179 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
Elizabeth Elliott
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 5281 FORBES TERRACE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 5281 FORBES TERRACE — before you fall in love.
See it in person
Schedule a tour
Live availability from Elizabeth's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
5281 FORBES TERRACE FAQs
What would the monthly payment be for 5281 FORBES TERRACE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $2,809/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 5281 FORBES TERRACE?+
The most recent tax bill on record (2025) was $5,964. 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 5281 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 $340,000, this home is listed about 4% above the Port Charlotte median of $328,000. The market section on this page shows how the area is trending.
Which schools are assigned to 5281 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.
The brief
Three things that matter here
01Positioned at the premium end
$340,000 runs 750% above the PORT CHARLOTTE 33981 median — but at 1,991 sqft it's also 22% larger than the typical Port Charlotte listing.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Fresh on the market
Only 5 days on market in a Port Charlotte market that averages 74 — if it fits, move quickly.
Keep looking
Similar homes nearby
Listing courtesy of BARCLAYS REAL ESTATE GROUP 1 · Bert Parsley. MLS #A4708725.
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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