CENTURY 21 Edge
$549,9003 bd2 ba2,166 sqft$254 /sqft≈$3,943 /mo all-in ↓

5242 FORBES TERRACE, PORT CHARLOTTE, FL, 33981

Active5 days on marketListed Oct 7, 2026MLS #C7531465

WaterfrontPrivate poolSingle Family ResidencePORT CHARLOTTE SEC 054

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

Private poolWaterfrontWater viewNegotiablePets allowed

Inside

FlooringCarpet · Tile
AppliancesDishwasher · Dryer · Electric Water Heater · Microwave · Range · Refrigerator · Trash Compactor · Washer
InteriorCathedral Ceiling(s) · Ceiling Fan(s) · High Ceilings · Primary Bedroom Main Floor · Skylight(s) · Split Bedroom · Thermostat · Walk-In Closet(s) · Window Treatments
LaundryLaundry Room
CoolingCentral Air
HeatingElectric
FurnishedNegotiable

Outside & construction

RoofShingle
ConstructionBlock · Stucco
FoundationSlab
ViewWater
FacesWest
ExteriorLighting · Private Entrance · Private Mailbox · Private Yard · Rain Gutters · Sliding Doors · Storage

Community & fees

Taxes (2025)$3,632/yr
PetsYes
CommunityCanal Front · Fishing · Private Boat Ramp · River · Water Access · Waterfront · Park · Playground

Utilities & systems

UtilitiesBB/HS Internet Available · Cable Connected · Electricity Connected · Public · Sewer Connected · Street Lights · Water Connected
WaterPublic

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%

Principal & interest$3,237
FHA mortgage insurance (est.)$243
Property tax — 2025 actual bill$303
Insurance (FL estimate)$160

The assumptions

Loan typeFHADown payment3.5% · $19,247Loan30-yr fixed at 6%Mortgage insuranceIncludedTaxesActual bill on recordInsuranceFlorida estimate

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

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Run your own numbers

Loan type
Down payment3.5% · $19,247
Interest rate6.00%
Loan term

Estimated payment

$3,943/mo

Principal & interest$3,237
FHA mortgage insurance (est.)$243
Property taxes (actual bill)$303
Est. insurance$160

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.

List $550K
$522KedgeAI estimate $604,162 · range $544K–$633K$658K

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

1
3
1 · this home
1
0
2
$171–208$208–244$244–281$281–318$318–355$355+

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

ElementaryMyakka River Elementary School★★★★★
MiddleL. A. Ainger Middle School★★★★★
HighLemon Bay High School★★★★★

School assignments and ratings via edgeAI — always verify with the district.

The numbers that matter

The Port Charlotte market

Seller’s marketBalanced — 5.0 months of inventoryBuyer’s 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

Oct 7, 2026Listed at $549,900 · 5 days on market since
1987Built · PORT CHARLOTTE SEC 054

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.

5217 FORBES TERRACESold · Jun ’26

$775,000

5217 FORBES TERRACE · same community

3 bd · 2 ba · 2,119 sqft · $366/sqft · 211 DOM

5265 NEVILLE TERRACESold · Apr ’26

$540,000

5265 NEVILLE TERRACE · same community

3 bd · 2 ba · 2,117 sqft · $255/sqft · 177 DOM

5312 CONNER TERRACESold · 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.

Kathy Miller

Your agent

Kathy Miller

real estate agent · CENTURY 21 Edge

Tours, negotiation, and every question about 5242 FORBES TERRACE — start here.

Andrew Acosta

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.

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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