3407 ISLAND VIEW Drive Virtually Staged. Rare Multigenerational & Investment Opportunity Await! Discover the flexibility and possibilities of this beautifully updated Punta Gorda property featuring a 3-bedroom, 2.5-bath main home PLUS a private 1-bedroom, 1-bath apartment/ in law suite with separate living quarters and entry. This home features a total of 4 bedrooms, 3.5 baths, and more than 2, 700 square feet of living space. Situated on two lots totaling approximately .75 acres, with an oversized side yard featuring a shed and car port for additional storage and NO HOA or deed restrictions. Bring your boats & your toys, there is plenty of room to spread out. This is a rare opportunity for buyers seeking space, privacy, flexibility, with the ability to accommodate extended family, guests, or potential rental income. Located just minutes from Downtown Punta Gorda & Fishermans Village with convenient access to I-75 and US 41. Public boat ramp is close by offering world class fishing & boating in the Peace River & Charlotte Harbor. This lusciously landscaped property is full of palm and fruit trees with a beautiful Poinciana at the front entry of the home. The main home features 3 bedrooms and 2.5 bathrooms, with the entire lower level recently refreshed with new drywall, trim, cabinetry, and appliances, creating a clean, updated living environment. The spacious kitchen features new soft-close wood cabinetry with built-ins, quartz countertops, new appliances, and a walk-in pantry. A convenient laundry room, half bath, & garage are located just off the kitchen. Beautiful vinyl wood-look flooring flows throughout the main living areas, including two spacious guest bedrooms and a generously sized primary suite. The primary bathroom features an updated tiled shower. Oversized living and dining rooms provide plenty of room for entertaining, gatherings, and comfortable everyday living. One of the property's most compelling features is the approximately 960-square-foot, two-story attached private living quarters, completed in 2010 and constructed with ICF (Insulated Concrete Forms) for enhanced hurricane protection, energy efficiency, and durability. With its own private entrance, this versatile space provides a level of independence that is ideal for extended family or guests. The apartment's lower level includes a kitchen with cabinets, refrigerator & sink, spacious living/dining area, fireplace, & French doors opening to a paver patio. Upstairs, you'll find a private bedroom & ensuite bathroom. Whether used as an in-law suite, private guest apartment, multigenerational living space, accommodations for guests, home office, or potential rental, this separate living area gives the next owner options that are rarely available in Punta Gorda. Additional improvements include a new roof in 2024, new septic system in 2016 plus new pumps in 2026, updated electrical and air-conditioning systems, fresh paint & more. Outside, the property sits on three lots totaling approximately .75 acres, providing an oversized side yard with room to enjoy the outdoors & additional privacy. NO HOA and NO deed restrictions, buyers have greater flexibility than typically found in many Florida communities. The home is situated on a quaint street with the Peace River canal directly across the street. A nearby public boat ramp provides convenient access to the water, with the Peace River, Charlotte Harbor, and surrounding waterways just minutes away. Schedule your private showing today!