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12200 SHOREVIEW DRIVE, CAPE CORAL, FL 33993
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$3,950,000
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Home Details for 12200 SHOREVIEW DRIVE 210
Price
$3,950,000
Type
Multi Family
Year Build
1981
Sq. Ft.
7400
Lot Size
0.34
County
Lee
Tax
$11,985.29
MLS®️ Listing#
A4654649
On exitrealty.com
169 days
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!
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- Utilities
- Cable Available
- Electricity Available
- Sewer Available
- Water Available
- Waterfront and Water Access
- Canal Front
- Cooling Information
- Central Air
- Heating Information
- Central
- Water Features
- Public
- House Interior
- Other
Listing Courtesy: RE/MAX SUNSHINE - 239-790-1177
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright ©2025 MLS GRID. All Rights Reserved.
Last Updated: 2025-10-15 16:01:07
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$3,950,000
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EXIT GULF COAST REALTY
3515 Del Prado Blvd South 105/106, Cape Coral, FL 33904