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Punta Gorda, Florida – Real Estate ...
Punta Gorda, Florida - Real Estate.
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Situated on the Gulf of Mexico, Punta Gorda is a beautiful coastal location. The uniquely designed land masses and canals give a special feel to this unique waterfront community. With an appreciation for history and a small town feel, Punta Gorda still offers plenty of residential and community amenities from boutique shopping, wonderful dining spots, resorts and vacation areas as well as a variety of entertainment options.
Punta Gorda’s charming atmosphere and tropical environs will have you living in a virtual paradise. One can find real estate options including moderately priced condominiums, ready to build on land and beautiful waterfront luxury homes. Gated communities and neighborhoods are part of an excellent school system and many include their own golf courses.
To learn more about living and considering a home in Punta Gorda, Florida, we have supplied additional information to help with your real estate decisions:
A little about Punta Gorda, Florida
Punta Gorda, Florida - Activities, Events, Attractions
Sarasota County and Charlotte County - Businesses and Resources
If you are new to the area, request our FREE relocation information package of Punta Gorda or other real estate areas we serve such as North Port, Sarasota, Port Charlotte, South Gulf Cove, and Venice. It's our job to help! There's no obligation, and we promise to respond quickly. 
Tax Considerations >Tax Rewards for Homeowners
The Federal Tax Code has significantly improved the American taxpayer's ability to profit by selling a principal residence. Prior to 1997, homeowners could take advantage of a tax benefit termed the "rollover", which granted exemption from capital gains taxes on the net profit from the sale of a home. Homeowners who used profits to purchase a bigger and better home did not have to pay tax. And homeowners over the age of 55 were given a once-in-a-lifetime exclusion from taxes on profits of up to $125,000 on the sale of their principal residence.
Compare those tax breaks with our current, streamlined and potentially more profitable arrangement that replaced both the rollover and the one-time exemption. If you are a married home-seller filing jointly, you may enjoy up to $500,000 in tax-free home sale profits, provided you have occupied the property as your principal residence during two of the last five years. Taxpayers who file singly get a $250,000 capital gains exclusion. Homeowners are eligible to exclude capital gains on the sale of a principal residence as often as once every two years.
The law allows capital gain exclusions whether you "buy up" to a more expensive home or "buy down" to a less expensive one. The tax-free dollars can be used in any way you want. Consult your tax advisor for detailed advice about your particular circumstance.
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| Q |
What famous antebellum mansion was known as the "Queen of Tennessee Plantations"?
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Belle Meade Plantation was a prosperous 5,400-acre thoroughbred horse farm in the mid 1800's. The Civil War Battle of Nashville was fought in its front yard. |
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Maggie's Team
RE/MAX Anchor Realty
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3941 Tamiami Trail Punta Gorda FL 33950
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