Magdalina Terrace: Relaxed Neighborhood Living Near Punta Gorda Isles

by Hunt Brothers Realty

Magdalina Terrace is a small waterfront condominium community at 2732 Magdalina Drive in Punta Gorda Isles, within Punta Gorda, Florida. Built in 1987, the property contains only five condominium residences in a single-story building, creating a notably smaller-scale setting than many larger Florida condo developments. Verified property records show a community pool, saltwater canal frontage and documented boating features associated with individual units. Buyers should carefully verify dock rights, current association fees, insurance, flood exposure, pet and rental rules, reserves and other condominium obligations for the specific residence being considered.

Quick Answers About Magdalina Terrace

Where is Magdalina Terrace?

Magdalina Terrace is at 2732 Magdalina Drive in Punta Gorda, Florida 33950. The condominium is within the broader Punta Gorda Isles area, west of U.S. 41 and central Punta Gorda.

Is Magdalina Terrace a condominium or a single-family neighborhood?

Magdalina Terrace is a condominium, not a general single-family neighborhood. Florida corporate records identify Magdalina Terrace Condominium Association, Inc., and property records identify five condominium residences at 2732 Magdalina Drive.

How many condos are at Magdalina Terrace?

Current parcel records identify five individual residences, Units A through E. This makes Magdalina Terrace a boutique-scale condominium rather than a large multi-building development.

Is Magdalina Terrace waterfront?

Yes. Magdalina Terrace is positioned along a saltwater canal in Punta Gorda Isles. Current and historical property records document canal access and boating features, but dock and boat-lift rights may be specific to individual units and should be independently confirmed.

Does Magdalina Terrace have a swimming pool?

Yes. Current property and listing records identify a shared swimming pool at the condominium. Because there are only five residences, the scale of the pool area is very different from the large amenity complexes found at some Punta Gorda condominiums.

When was Magdalina Terrace built?

Property records identify 1987 as the construction year. Florida corporate records show that Magdalina Terrace Condominium Association, Inc. was incorporated in March 1987.

Are boat docks included with Magdalina Terrace condos?

Do not assume that every condo has identical dock or lift rights. Historical records document deeded dock and boat-lift features with particular residences, while current marketing confirms waterfront boating access. Buyers should verify the legal rights associated with the specific unit, along with lift ownership, dock condition, permitted improvements, water depth and vessel suitability.

How large are Magdalina Terrace condos?

The residences are not all identical in recorded living area. Recent and historical property records show examples ranging from approximately 910 to 1,094 square feet, generally with two-bedroom configurations in the records reviewed. Buyers should verify the exact living area and floor plan of the individual unit.

Magdalina Terrace Is a Small Waterfront Condo in Punta Gorda Isles

The most important fact for buyers to understand is the scale of Magdalina Terrace. This is not a sprawling condominium campus or a broad residential subdivision. It is a five-residence waterfront condominium at one address.

Charlotte County property information identifies the condominium's common parcel at 2732 Magdalina Drive and individual parcels for Units A through E. Current records describe a single low-rise building on the canal, while individual unit records identify one-level living.

That small scale is a defining characteristic. Buyers comparing Punta Gorda condos for sale will find everything from small properties such as Magdalina Terrace to substantially larger condominium developments with elevators, clubhouses, fitness facilities and broader amenity packages.

Where Is Magdalina Terrace Located?

Magdalina Terrace is located at 2732 Magdalina Drive in the Punta Gorda Isles area of Punta Gorda. The location places the condominium within the city's established canal-oriented residential environment rather than in an inland community such as Deep Creek.

Punta Gorda Isles is west of downtown Punta Gorda and is characterized by a combination of saltwater canals, single-family residences, waterfront condominiums and golf-oriented sections. Canal routes and boating conditions vary within the larger community, so the characteristics of one PGI property should not automatically be applied to another.

Magdalina Drive itself contains several different property types and condominium associations. Magdalina Terrace should therefore not be confused with nearby properties simply because they share the same street.

Is Magdalina Terrace the Same as Magdalina Estates or Magdalena Gardens?

No. Magdalina Terrace is a separate legal condominium and should not be confused with similarly named Punta Gorda properties. Florida corporate records separately identify Magdalina Terrace Condominium Association, Magdalina Estates South Condominium Association and Magdalena Gardens Condominium Association.

This distinction matters because each property can have different ownership structures, fees, insurance, reserves, rules, amenities and waterfront rights. A buyer should rely on the documents for the exact legal condominium being considered rather than information associated with a similarly named community.

What Are the Condos at Magdalina Terrace Like?

Magdalina Terrace consists of single-level condominium residences in a one-story building constructed in 1987. The individual units are not identical, and recorded living areas vary.

Property records reviewed for the community document examples including approximately:

910 square feet for one residence
Approximately 1,080 square feet for another residence
Approximately 1,094 square feet for a currently documented residence

Two-bedroom, two-bath configurations appear repeatedly in the records reviewed. Individual residences can differ in renovation history, interior finishes, lanai configuration, appliances, view, dock rights and other features.

Buyers should therefore avoid assuming that photographs, renovations or features shown for one Magdalina Terrace condo apply to the remaining four residences.

What Amenities Does Magdalina Terrace Have?

The principal verified shared amenity at Magdalina Terrace is its swimming pool. Property records also establish the condominium's waterfront setting, while individual records document access to boating facilities.

The community's appeal is therefore less about a long list of resort amenities and more about its small scale, one-level condominium format, pool and canal-oriented Punta Gorda Isles setting.

Buyers seeking extensive shared facilities such as a clubhouse, fitness center, tennis courts or large recreational campus should compare Magdalina Terrace with other Punta Gorda waterfront condominiums, because those features have not been verified as Magdalina Terrace amenities.

Is Magdalina Terrace a Waterfront Condominium?

Yes. Magdalina Terrace is a canal-front condominium within Punta Gorda Isles. Current property records identify the common property as waterfront, and listing records for individual residences document saltwater canal access.

That distinction is important. Magdalina Terrace is not directly on Charlotte Harbor and is not Gulf-front. Its waterfront setting is part of the Punta Gorda Isles canal network, which provides routes toward larger waterways.

Buyers primarily interested in boating should evaluate the actual canal and navigation characteristics rather than relying only on the word "waterfront."

Does Magdalina Terrace Have No-Fixed-Bridge Boating Access?

A current 2026 listing for a Magdalina Terrace residence describes the canal route as having no fixed bridges. That can be significant for certain boat owners, but buyers should independently verify the current route and whether it is suitable for their specific vessel before purchasing.

Important boating questions include:

Is a dock legally associated with the individual condo?
Is the dock deeded, assigned, limited common element or common property?
Is a boat lift included with the unit?
Who owns and maintains the dock and lift?
What are the lift's verified capacity and dimensions?
What water depth is available at the dock and along the route?
Are there vessel-size restrictions?
What tides or other navigation conditions affect the route?
Are dock or lift improvements properly permitted?

For more detail about these issues, read the Hunt Brothers Realty Punta Gorda Isles buyer guide.

Boating suitability is property-specific. Buyers should verify dock rights through title and condominium documents and evaluate navigation, water depth, lift capacity and permitting with the appropriate association, marine contractor, surveyor, title professional, local authority or other qualified professional as applicable.

Does Every Magdalina Terrace Condo Have a Private Dock?

The available evidence does not support describing an identical private dock as an automatic feature of every residence. Historical listing records document deeded dock and lift features for specific units, while other records describe the community more generally as having dock and water-access amenities.

This is exactly the type of condominium feature that should be verified at the unit level. A buyer should review the declaration, amendments, survey or condominium exhibits, title information and current association records to determine what boating rights transfer with the residence being purchased.

What Should Buyers Know About Magdalina Terrace Condo Fees?

Condominium fees should be verified from the current association budget and estoppel rather than from an older listing. Available Magdalina Terrace records illustrate why this matters.

A 2026 listing for Unit C reports a quarterly condominium fee of approximately $2,170, or roughly $723 per month when averaged monthly. Older unit records show materially different historical fee amounts. That difference makes it inappropriate to present an older fee as the current community-wide cost.

Current listings indicate that association expenses have included items such as building insurance, exterior or structural maintenance, grounds and pool-related expenses, but buyers should verify the exact current inclusions.

Before purchasing, review the current budget, reserve information, insurance, recent financial statements, meeting minutes, assessments and maintenance responsibilities with the association and appropriate qualified professionals.

What Should Buyers Review Because Magdalina Terrace Has Only Five Units?

A five-unit condominium can offer a more intimate ownership setting, but its small size also makes financial due diligence especially important. Major shared expenses are ultimately allocated across a much smaller ownership base than at a condominium containing dozens or hundreds of residences.

Buyers should review:

Current operating budget
Reserve balances and reserve planning
Association insurance
Deductibles and owner insurance responsibilities
Recent meeting minutes
Pending or contemplated projects
Current or proposed special assessments
Roof and exterior maintenance history
Pool maintenance
Waterfront, seawall and dock responsibilities
Delinquencies or other financial issues when disclosed

Association finances and legal obligations require property-specific review. Buyers should discuss financial documents with appropriate accounting or financial professionals when needed and legal questions with a qualified Florida real estate attorney.

Are Pets and Rentals Allowed at Magdalina Terrace?

Available historical listings indicate that pet and leasing restrictions have existed, but the records reviewed are not sufficiently consistent to state a universal current policy. Some historical unit records reference pet size or number limits, and a current listing reports a minimum lease period, but association rules can be amended.

Buyers should obtain the current declaration, amendments and rules before relying on any pet or rental policy. This is particularly important for buyers planning to bring a pet, lease the property seasonally or use the residence partly as a rental.

What Should Buyers Know About Flood and Insurance Considerations?

Waterfront condominium ownership in Punta Gorda requires property-specific flood and insurance review. Historical Magdalina Terrace records identify flood-zone conditions, but buyers should verify the current FEMA designation for the exact property rather than relying on an older listing.

Condominium buyers should also understand the relationship between the association's master insurance and the coverage an individual owner needs. The existence of association insurance does not mean every part of the residence, personal property, improvements, loss assessment exposure or flood risk is covered for the unit owner.

Insurance availability, coverage and premiums can vary substantially by property. Buyers should obtain property-specific homeowners or condominium-unit coverage and flood insurance information from qualified insurance professionals before making a purchasing decision.

What Should Buyers Inspect at Magdalina Terrace?

A Magdalina Terrace purchase should include careful review of both the individual residence and relevant shared condominium components. The building dates to 1987, so maintenance and improvement history can be more informative than construction year alone.

Depending on the unit and inspection scope, buyers may want information concerning:

Roof condition and maintenance responsibility
Exterior building condition
Windows and doors
Electrical and plumbing systems
HVAC equipment
Evidence of prior moisture or water intrusion
Pool condition and planned work
Seawall condition and responsibility
Dock and boat-lift condition when applicable
Permits for renovations, dock work or other significant improvements

Inspection findings should be evaluated with the appropriate licensed inspector, contractor, engineer, marine contractor or other qualified professional before a buyer makes a decision.

Do Florida Condominium Structural Rules Apply to Magdalina Terrace?

Buyers should not assume that the same milestone-inspection and structural-reserve rules that apply to taller Florida condominium buildings automatically apply to Magdalina Terrace. Current records identify Magdalina Terrace as a one-story condominium building, while major portions of Florida's milestone-inspection and structural-integrity reserve framework focus on qualifying condominium buildings of three or more habitable stories.

That does not eliminate the need to investigate building condition, reserves or association finances. It simply means buyers should determine which statutory requirements apply to this specific condominium rather than assuming rules written for taller buildings govern every Florida condo.

Questions concerning Florida condominium law, reserve obligations, inspection requirements or association compliance should be reviewed with the condominium association and an appropriate qualified Florida legal professional.

What Is Punta Gorda Isles Like Around Magdalina Terrace?

Punta Gorda Isles is an established residential area west of downtown Punta Gorda known for its extensive saltwater canal system. Housing includes single-family waterfront homes, inland homes and numerous condominium communities.

The broader area gives Magdalina Terrace buyers access to the waterfront-oriented lifestyle associated with Punta Gorda while keeping downtown restaurants, shopping, parks and other city destinations accessible by road.

Punta Gorda Isles should not be treated as one uniform boating environment. Some canals have no fixed bridges, while other sections have bridge-clearance considerations. Buyers should investigate the route associated with the exact property.

How Does Magdalina Terrace Compare With Larger Punta Gorda Condos?

Magdalina Terrace's defining difference is its scale. With only five residences, it offers a substantially different ownership structure from Punta Gorda condominium communities containing dozens or hundreds of units.

A larger development may provide more extensive shared amenities, professional on-site facilities or a larger ownership base over which some common expenses can be distributed. A small condominium may provide fewer shared facilities and a more limited number of owners involved in association decisions.

Neither structure is automatically better. Buyers should compare the actual budget, reserves, insurance, assessments, maintenance responsibilities, amenities and governance of the communities they are considering.

Hunt Brothers Realty's Punta Gorda waterfront condo listings provide a way to compare available properties across different building sizes, locations and waterfront settings.

What Should Buyers Review Before Purchasing at Magdalina Terrace?

Buyers should evaluate both the individual condo and the five-unit association. For a small waterfront condominium, association finances, building condition and boating rights can be just as important as the interior condition of the residence.

Before purchasing, consider verifying:

Current condominium fee
Exactly what the fee includes
Current operating budget
Reserve balances and reserve planning
Recent association meeting minutes
Current or proposed special assessments
Association master insurance
Unit-owner insurance requirements
Pet restrictions
Rental restrictions
Parking rights
Dock and boat-lift rights for the specific unit
Seawall and dock maintenance responsibility
Current flood-zone information
Property-specific flood and condominium insurance quotes
Inspection findings
Permit history for significant improvements

The Hunt Brothers Realty Buyer Resource Center provides additional information about Florida contracts, financing, property comparisons and other buyer considerations.

Is Magdalina Terrace Worth Considering?

Magdalina Terrace is worth considering for buyers specifically looking for a small, one-level waterfront condominium in Punta Gorda Isles. Its five-residence scale, community pool and canal setting distinguish it from both large condominium developments and detached single-family homes.

For boat owners, the documented canal setting and unit-specific dock history can make the property particularly relevant, but boating rights should be confirmed for the exact residence. For any buyer, the small association makes careful review of finances, insurance, reserves and maintenance responsibilities especially important.

The best comparison is with other available Punta Gorda condominiums and Punta Gorda waterfront condos, using current fees, association documents, insurance information, condition and boating features rather than community name alone.

Explore Magdalina Terrace and Punta Gorda Isles With Hunt Brothers Realty

Hunt Brothers Realty helps buyers compare Punta Gorda condominiums using current real estate information, property characteristics, association considerations and waterfront features. For buyers considering Magdalina Terrace, that includes distinguishing community-wide amenities from unit-specific features such as renovations, dock rights, boat lifts and views.

Explore Punta Gorda Isles real estate, browse Punta Gorda waterfront condos for sale, or review the Punta Gorda Isles buyer guide. Buyers ready to discuss a specific property can contact Hunt Brothers Realty.

This article is provided for general informational and educational purposes only and is not individualized legal, financial, tax, insurance, lending, inspection, engineering, construction, title, association, survey, boating or permitting advice. Condominium fees, reserves, assessments, insurance, restrictions, dock rights, boat-lift rights, flood conditions and property condition can change or vary by residence. Buyers should review current condominium and title documents and consult the appropriate qualified real estate professional, Florida real estate attorney, title professional, insurance agent, home inspector, engineer, contractor, marine professional, surveyor, association or local government authority before making decisions requiring individualized guidance.