$4,500,000 for Sale
12200 shoreview drive #210, cape coral, FL 33993
| Beds 0 | Baths 0 | 7,400 Sqft | 0.34 Acres |
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Property Description
An amazing opportunity to own a unicorn property with SO much potential and so many different options. Take advantage of this opportunity to build and expand upon current owner upgrades - this resort property is located in Matlacha, a renowned old Florida art and fishing village with easy access to Cape Coral, Pine Island and the multiple surrounding islands and also located directly on the Great Calusa Blueway - a 200 mile guided kayaking and paddling water trail. Matlacha is known for its Olde Florida community, tourism and some of the best fishing and boating right in your back yard, with endless views, a nature lover's paradise. Over 275 feet of water frontage, endless views, 5 boat slips (could be 6), magnificent potential and currently used as a short term vacation rental/hotel. Total Units: 13 units plus one office option(convertible to a 3rd bedroom in Unit 2 of the quad)and mirrors the 3-bedroom layout in Unit 3. Two buildings - Two-story building: 9 units (2× 2BR, 6× 1BR, 1 hotel room currently used as laundry), Single-story building: 1× 3BR, 1× 2BR, 2 studios, Square Footage: 7,400 SF (4,650 SF + 2,750 SF), Land: 1 Acre, direct waterfront, Zoning: multi-family / hotel. This was fully renovated in 2025 and is in spectacular condition - attention to detail in all upgrades and this entire property and each unit is spacious, with upscale decor and furnishings. Investment Highlights Asking Price: $4,500,000 / Projected NOI (Year 1): $311,500 (Financial Overview and Proformas available upon request / Pro Forma Cap Rate: 6.9 percent / Revenue Potential: $550,000+ annually at 70 percent occupancy / ADR Growth: $180 - $210 projected over 5 years / Expansion Potential: Opportunity to add RV spots or tiny homes in the gravel area along the canal / convert laundry/office space to additional guest accommodations or amenities. Potential additional revenue streams include event hosting, day passes, boutique retail store, kayak rentals, bike rentals, jet ski rentals - please contact your Agent for additional detailed floor plans, unit information and financials. All the work has been done and ready for a new owner!
General Information
Sale Price: $4,500,000
Price/SqFt: $608
Status: Active
MLS#: A4654649
City: cape coral
Post Office: cape coral
County: Lee
Subdivision: matlacha shores
Acres: 0.34
Lot Dimensions: 100 x 145
Bedrooms:0
Bathrooms:0
House Size: 7,400 sq.ft.
Acreage: 0.34 est.
Year Built: 1981
Property Type: Multi Family
Style:
Features & Room Sizes
Paved Road: Paved
Garage: No
Construction: Concrete
Exterior Misc: Storage
Pool: Yes
Pool Description: In Ground
Basement: No
Foundation : Concrete Perimeter
Appliances: Other
Cooling: Central Air
Heating: Central
Waste: Public Sewer
Watersource: Public
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $11,985
Legal Description: MATLACHA SHORES PB 10 PG 29 LOTS 18 + 19
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2025
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Char Seuffert of RE/MAX SUNSHINE, Phone: 239-790-1177
