Homes for sale - 12200 SHOREVIEW DR #210, Cape Coral, FL 33993

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Raleigh Morrison

raleighmorrison@hotmail.com +1(941) 769-1362

$ 4,500,000

Est. payment | -/mo

7,400 SqFt

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$ 4,500,000

Est. payment | -/mo

Save Virtual Tour

7,400 SqFt

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

HOA Y/N No

Year Built 1981

Annual Tax Amount $11,985

Lot Size 0.340 Acres

Acres 0.34

Lot Dimensions 100x145

Property Sub-Type Multi Family

Source Stellar MLS

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

Interior Features Other

Heating Central

Cooling Central Air

Fireplace false

Appliance Other

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

Water Access Desc Canal - Saltwater

View Water

Roof Type Shingle

Garage false

Private Pool Yes

Building

Foundation Concrete Perimeter

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Concrete

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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