12200 SHOREVIEW DR #210 new Save Request In-Person Tour Request Virtual Tour
Cape Coral,FL 33993
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,400 sqft
Price per Sqft $608
Subdivision Matlacha Shores
MLS Listing ID A4654649
Year Built 1981
Annual Tax Amount $11,985
Lot Size 0.340 Acres
Property Sub-Type Multi Family
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!
Location
State FL
County Lee
Community Matlacha Shores
Area 33993 - Cape Coral
Zoning RM-2
Interior
Heating Central
Cooling Central Air
Laundry Laundry Room
Exterior
Exterior Feature Storage
Pool In Ground
Utilities Available Cable Available,Electricity Available,Sewer Available,Water Available
Waterfront Description Canal - Saltwater
View Y/N Yes
Water Access Yes
View Water
Roof Type Shingle
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Structure Type Concrete
New Construction false
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None
Virtual Tour https://fusion.realtourvision.com/s/idx/275642