
5242 FORBES TERRACE, PORT CHARLOTTE, FL, 33981
Active5 days on marketListed Oct 7, 2026MLS #C7531465
About this home
5242 FORBES TERRACE
BOATERS, THIS IS THE ONE! Enjoy approximately 80 feet of seawall along the Forbes Waterway, plus a dock with 2 Davits with water connected. Launch from your own backyard and enjoy boating access to the Myakka River, Charlotte Harbor, and through Boca Grande Pass to the Gulf of Mexico. Spend your days fishing, cruising, exploring the waterways, or heading out for a waterfront adventure. YOUR SOUTHWEST FLORIDA WATERFRONT LIFESTYLE STARTS HERE! Beautifully maintained and meticulously cared for by only the second owner, this impressive pool home offers the perfect combination of boating, outdoor living, space, and comfort. Ideally located on a low-traffic cul-de-sac street. From the moment you arrive, you’ll appreciate the lush mature palm trees, meticulous landscaping, screened front porch, and the home’s beautifully kept, orderly, and well-cared-for presentation. Inside, the desirable split-bedroom floor plan features a large living room, spacious family room, formal dining room, breakfast nook, abundant closet space, and exceptional storage throughout. One of the home’s standout features is the incredible indoor-outdoor flow. Nearly every room offers direct access to the expansive lanai and pool area, with amazing views. The guest bathroom provides convenient direct pool access. Major updates and features include a NEW ROOF in 2023, water heater 2019, new garage door, an attached 14’ x 8' storage shed, plenty of room for guests, plus much more. Whether you’re searching for a full-time Florida residence, seasonal escape, or waterfront retreat, this beautifully cared-for home delivers the lifestyle buyers come to Southwest Florida to find: POOL, DOCK, BOATING ACCESS, and exceptional outdoor living all in one property. Best of all, there is NO mandatory HOA and NO CDD. Owners may choose to join the voluntary property owners association: Property Owners of Gulf Cove, Inc., which provides access to a private boat ramp and private park. Designed for comfortable everyday living while embracing the Florida lifestyle, this home offers waterfront living, privacy, outdoor space, and water access without mandatory association fees. A short distance from the new Myakka River Park, currently under construction and expected to have trails, recreational areas, and a natural kayak launch along the Myakka River. Minutes to pristine, sparkling sand and turquoise-water beaches: Boca Grande and Englewood. Located close to schools, restaurants, and shopping. Move in, unpack, and start living the life you've always dreamed of. Don't miss the opportunity to make this your own personal sanctuary. Enjoy true Florida living: hiking, biking, hunting, swimming, shelling, boating, fishing, bird watching, and beyond. Schedule a viewing today and let this dream home become your reality!
Facts & features
The home at a glance
3
Bedrooms
2
Bathrooms
2,166
Sqft
0.23 ac
Lot size
2
Garage
1987
Year built
One
Levels
$254
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.
$3,943 /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
$3,943/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
−9%
$/sqft vs PORT CHARLOTTE SEC 054
$254 vs $255
Days on market
5 vs 74 typical
Where $254/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 1275% 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 5242 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 · Jun ’26$775,000
5217 FORBES TERRACE · same community
3 bd · 2 ba · 2,119 sqft · $366/sqft · 211 DOM
Sold · Apr ’26$540,000
5265 NEVILLE TERRACE · same community
3 bd · 2 ba · 2,117 sqft · $255/sqft · 177 DOM
Sold · Aug ’26$730,000
5312 CONNER TERRACE · same community
3 bd · 2.5 ba · 2,092 sqft · $349/sqft · 39 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
Kathy Miller
real estate agent · CENTURY 21 Edge
Tours, negotiation, and every question about 5242 FORBES TERRACE — start here.

Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 5242 FORBES TERRACE — before you fall in love.
See it in person
Schedule a tour
Live availability from Kathy's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
5242 FORBES TERRACE FAQs
What would the monthly payment be for 5242 FORBES TERRACE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $3,943/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 5242 FORBES TERRACE?+
The most recent tax bill on record (2025) was $3,632. 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 5242 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 $549,900, this home is listed about 68% 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 5242 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
$549,900 runs 1275% above the PORT CHARLOTTE 33981 median — but at 2,166 sqft it's also 33% 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 REALTY ONE GROUP MVP · Dena Sternquist PA. MLS #C7531465.
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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