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Experience an unparalleled waterfront lifestyle with this extraordinary Punta Gorda compound—an estate unmatched in privacy, land, and luxury throughout the surrounding area. Set on just under 2 acres with no deed restrictions, this private gated property offers resort-style living, exceptional boating amenities, and expansive grounds rarely found in Southwest Florida. Located on a quiet dead-end canal with minimal boat traffic and an easy idle-out to Charlotte Harbor, the setting is peaceful, private, and ideal for boating enthusiasts, and the home itself has never flooded. Built by Arthur Rutenberg and pristinely maintained by its original owner, the residence spans 3,279 sq ft with an open layout designed for elevated entertaining. The updated kitchen features Bosch black stainless appliances and generous workspace, while the living room showcases a Lake Como–inspired mural that enhances the Mediterranean feel of the home. The primary suite offers a spa-inspired bath featuring a stunning rain shower, an electric bidet, separate vanities, and a beautiful stone soaking tub framed by elegant rain glass, all positioned to capture serene morning sunrise views to begin your day. The kitchen, family room, and primary suite were all refreshed in 2022. The one-of-a-kind den is custom-built with five different woods, creating a warm, rich, and distinctive statement space ideal for an executive office or optional additional bedroom. Outdoor living defines this compound, featuring an open-air heated saltwater pool and spa, a private shell beach and firepit, and luxurious landscaping that adds a park-like setting, along with multiple seating areas both under-truss and within a charming gazebo off the guest room surrounded by a garden—perfect for enjoying expansive sunset views and watching boaters move through Buckley’s Pass. For boaters, the property offers two 40-foot docks, a boathouse over the boat lift with power and water, and a private boat launch—an exceedingly rare amenity in the area—along with smooth idle-speed access to Charlotte Harbor. Additional features include a 3-car epoxy-floor garage, impact windows and doors, a clay roof, an updated water heater and pool pump, and low Charlotte County taxes. With nearly 2 acres of usable land, the estate also provides ample space to add a pickleball court, tennis court, basketball court, or a full guest house for enhanced future value. This remarkable offering is more than a home—its a private coastal compound delivering unmatched land, luxury, privacy, and boating amenities, standing alone as one of the most distinctive properties in all of Southwest Florida.
Property Details
Price: $2,950,000
Sq Ft: 3,279
($900 per
sqft)
Bedrooms: 3
Bathrooms: 3
City: Punta Gorda
County: Charlotte
Type: Single Family Reside
Development: 2000 Midway Estates
Acres: 1.93
Year Built: 2002
Listing Number: C7522109
Status Code: A-Active
Taxes: $8.00
Tax Year: 2025
Garage:
3
Furnishings: Partially
Interior Features:
Ceiling Fans(s)
Eat-in Kitchen
High Ceilings
Open Floorplan
Thermostat
Walk-In Closet(s)
Financial Information:
Taxes: $8.00
Tax Year: 2025
Exterior Features:
Garden
Private Entrance
Private Yard
Rain Gutters
Equipment:
Dishwasher
Dryer
Freezer
Microwave
Range
Refrigerator
Washer
View:
Water
Waterfront Description:
Canal - Saltwater
Additional Information:
MLS Area: 33950 - Punta Gorda
Price per Square Feet: $899.66
Total Floors: 1
Water: Public
Lot Desc.: Landscaped, Paved
Construction: Block, Stucco
Date Listed: 2026-03-01 18:43:30
Pool: Yes
Pool Type: Gunite, In Ground
Private Spa: Yes
Furnished: Partially
Parking: Driveway, Off Street
Garage Spaces: 3
Flooring: Carpet, Tile, Wood
Roof: Tile
Heating: Central, Electric
Cooling: Central Air
Sewer: Public Sewer
Map of 5566 River Bay Drive, Punta Gorda, FL 33950
Listing Courtesy Of: Coldwell Banker Sunstar Realty
ryan@finnegan-realtor.com