12200 Shoreview Drive 210, Cape Coral, FL 33993
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  • MLS#: A4654649 ( ResidentialIncome )
  • Street Address: 12200 Shoreview Drive 210
  • Viewed: 4
  • Price: $4,500,000
  • Price sqft: $0
  • Waterfront: Yes
  • Wateraccess: Yes
  • Waterfront Type: CanalAccess
  • Year Built: 1981
  • Bldg sqft: 0
  • Days On Market: 3
  • Additional Information
  • Geolocation: 26.6384 / -82.0638
  • County: LEE
  • City: Cape Coral
  • Zipcode: 33993
  • Subdivision: Matlacha Shores
  • Provided by: RE/MAX SUNSHINE
  • DMCA Notice
  • 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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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Storage
  • Living Area: 7400.00
  • Roof: Shingle
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Pool Features: InGround
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: CentralAir
  • Heating: Central
  • Sewer: PublicSewer
  • Utilities: CableAvailable, ElectricityAvailable, SewerAvailable, WaterAvailable
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Tax Year: 2024
  • Trash Expense: 0.00
Other Features
  • Country: US
  • Interior Features: Other
  • Legal Description: MATLACHA SHORES PB 10 PG 29 LOTS 18 + 19
  • Area Major: 33993 - Cape Coral
  • Occupant Type: Owner
  • Parcel Number: 13-44-22-01-00001.0180
  • Possession: Negotiable
  • The Range: 0.00
  • Unit Number: 210
  • View: Canal, Water
  • Zoning Code: RM-2
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Details for 12200 Shoreview Drive 210, CAPE CORAL, FL 33993
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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

  1. MLSID: A4654649
  2. Provided by RE/MAX SUNSHINE
  3. Contact Char Seuffert
  4. mfrmls
  5. DMCA Notice
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