507 MADRID BOULEVARD, PUNTA GORDA, FL, 33950
Active172 days on marketListed May 19, 2026MLS #C7526055
About this home
507 MADRID BOULEVARD
Build your future Southwest Florida waterfront home on this beautiful residential lot in desirable Burnt Store Isles. Offering 10,724 square feet, this waterfront homesite provides no-bridge boating easy access to Charlotte Harbor and the Gulf via Alligator Creek—an outstanding setting for boating, fishing, and enjoying the Punta Gorda lifestyle. Enjoy improved boating access through the recently widened Burnt Store Isles channel offering enhanced navigation to Charlotte Harbor and the Gulf. Burnt Store Isles is a premier deed-restricted waterfront and golfing community known for its attractive homes, canals, and convenient location. Punta Gorda maintains the seawalls in both Burnt Store Isles and Punta Gorda Isles, adding long-term value and peace of mind for waterfront owners. Twin Isles Country Club offers golf, tennis, pool, clubhouse, and dining options nearby. Enjoy easy access to Downtown Punta Gorda, waterfront parks, restaurants, shopping, and the area’s 18-mile network of pedestrian and bicycle trails. Design your dream home and embrace the boating, golfing, fishing, and relaxed coastal lifestyle that make Punta Gorda so special.
Facts & features
The home at a glance
0.25 ac
Lot size
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.
$2,362 /mo · 3.5% down FHA, 30-yr fixed at 7.5%
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
$2,362/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.
Can I afford this home? → See what you can comfortably afford from your income, debts and savings.
Where it sits
Inside Burnt Store Isles
Get to know Punta Gorda. See the full Punta Gorda guide →
Burnt Store Isles — neighborhood snapshot
Population
2,266
Median age
69
Median income
$91,652
Median home value
$631,300
Avg household
2
Households w/ children
69%
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
$325K → $340K
Punta Gorda median sold, yr/yr
95.3%
Sale-to-list ratio (12 mo)
Median sold price, Punta Gorda, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 21% below the PUNTA GORDA 33950 median. See the full Punta Gorda market guide →
Paper trail
This home's history
Reality check
What actually sold near 507 MADRID BOULEVARD
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Mar ’26$407,500
3767 TRIPOLI BOULEVARD · same community
3 bd · 2 ba · 1,719 sqft · $237/sqft · 96 DOM
Sold · Oct ’26$512,500
596 MACEDONIA DRIVE · same community
3 bd · 2 ba · 1,756 sqft · $292/sqft · 10 DOM
Sold · Jan ’26$693,000
3907 SAN PIETRO COURT · same community
3 bd · 2 ba · 2,024 sqft · $342/sqft · 214 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
Colleen Brown
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 507 MADRID BOULEVARD — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 507 MADRID BOULEVARD — before you fall in love.
See it in person
Schedule a tour
Live availability from Colleen's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
507 MADRID BOULEVARD FAQs
What would the monthly payment be for 507 MADRID BOULEVARD?+
With 3.5% down on a 30-year FHA loan at 7.5%, the all-in payment lands around $2,362/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 507 MADRID BOULEVARD?+
The most recent tax bill on record (2025) was $5,823. 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 507 MADRID BOULEVARD?+
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 Punta Gorda?+
At $234,900, this home is listed about 35% below the Punta Gorda median of $359,000. The market section on this page shows how the area is trending.
Which schools are assigned to 507 MADRID BOULEVARD?+
Charlotte High School (high), Sallie Jones Elementary School (elementary), Punta Gorda Middle School (middle) — Charlotte County School District. Always verify school assignments with the district before relying on them.
The brief
Five things that matter here
01Under the PUNTA GORDA 33950 market on paper
$234,900 is 21% below the PUNTA GORDA 33950 median of $295,500.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Time on market is leverage
172 days on market against a Punta Gorda median of 65 — sellers in this position are usually ready to negotiate.
04Strong assigned schools
Charlotte High School, Sallie Jones Elementary School, Punta Gorda Middle School — Sallie Jones Elementary School rates 4 of 5. Always verify assignments with the district.
05The price has already moved
Listed at $329,900, now $234,900 — a $95K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of KW PEACE RIVER PARTNERS · Cynthia Logan. MLS #C7526055.
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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