Steven Koleno

Steven Koleno Consumer-First Real Estate Architect

$2,650,000.00
5566 RIVER BAY DRIVE, PUNTA GORDA, FL - 33950
3 beds
3.0 baths
3,279 sqft
$2,650,000.00
5566 RIVER BAY DRIVE, PUNTA GORDA, FL - 33950
Steven Koleno
$2,650,000.00
3 beds
3.0 baths
3,279 sqft
5566 RIVER BAY DRIVE, PUNTA GORDA, FL - 33950
For Sale
Photo 1
  • Built in 2002
  • 3 garage spaces
  • $808.17/sqft
  • Lot size: 1.93 acres
  • 173 days on market

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—it's 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.

  • Directions: Rt 41 to Rio Villa Dr. Road turns left and becomes Almar Dr. Veer left onto River Bay Dr. Gated entry at end of River Bay.
  • County: Charlotte
  • Geo subdivision: 2000 MIDWAY ESTATES

Features

Financial

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Steven Koleno

Steven Koleno

Consumer-First Real Estate Architect

See also

For Sale
16176 LA BARGE CIRCLE, PORT CHARLOTTE, FL - 33981
$2,390,000.00
4 bds
5.0 ba
2,952 sqft
16176 LA BARGE CIRCLE, PORT CHARLOTTE, FL - 33981
For Sale
1355 GREBE DRIVE, PUNTA GORDA, FL - 33950
$2,495,000.00
4 bds
3.0 ba
3,241 sqft
1355 GREBE DRIVE, PUNTA GORDA, FL - 33950
For Sale
3 HIBISCUS DRIVE, PUNTA GORDA, FL - 33950
$2,800,000.00
4 bds
4.5 ba
4,607 sqft
3 HIBISCUS DRIVE, PUNTA GORDA, FL - 33950
Stellar MLS
  • Source: Stellar MLS
  • MLS #: C7522109
Listing updated: August 20, 2026 at 7:06PM
Listing provided by: Ryan Finnegan, MARINA PARK REALTY LLC
Last checked 11 hours ago
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