CAPE CORAL, FLCAPE CORAL, FLCAPE CORAL, FL
Stellar MLS
1 / 49

$3,250,000

Cape Coral, FL 33993

Listing updated: June 22, 2026 at 5:49 PM ET

Active
Stellar MLSListing courtesy of Re/Max Sunshine · Char Seuffert · MLS #A4682927 · Active · 239-790-1177
0
Baths
7,400
Sq Ft
1
Acres
1999
Built
WaterfrontWater access1 acres$439/sqft360° tour
Multi-Family 5+

Property type

1999

Year built

43,254 sqft

Lot size

$439

Price / sq ft

No HOA

HOA dues

124

Days on market

ae

Flood zone

About this home

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 155 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: 12 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 / Projected NOI (Year 1): $311,500 (Financial Overview and Proformas available upon request / Pro Forma Cap Rate: 6.9% / Revenue Potential: $550,000+ annually at 70% 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 - additional detailed floor plans, unit information and financials available. All the work has been done and ready for a new owner! New financials available end of first quarter 2026, contact agent for private showing!

Estimated monthly payment

Principal & interest$16,434
Property taxes$1,841
Home insurance (est.)$1,490

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history124 days on market

  1. Status: Active
    Feb 18, 2026
  2. Listed$3,450,000
    Feb 18, 2026
  3. Price reduced$3,250,000

Facts & features

Property type
Commercial Sale
Sub type
Multi-Family 5+
Status
Active
Days on market
124
County
Lee
Year built
1999
Living area
7,400 sq ft
Price/sq ft
$439
Lot size
43,254 sq ft
Lot category
1 to less than 2
Flood zone
ae
Annual taxes
$22,093 (2024)
Parcel #
13-44-22-L3-01001.0180
MLS #
A4682927

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Interior Details

Appliances
Dishwasher, Refrigerator
Stories / Levels
Multi/Split

Heating & Cooling

Heating
Central
Cooling
Central Air, Mini-Split Unit(s)

HOA & Financial

Total monthly fees
$0/mo
Total annual fees
$0
Listing terms
Cash
Ownership
Fee Simple

Exterior & Construction

Construction materials
Concrete
Foundation
Slab
Waterfront
Yes
Water access
Yes
Water view
Yes
Road surface
Concrete

Utilities

Sewer
Public Sewer
Water source
Public
Utilities
BB/HS Internet Capable

Listing Details

Listing date
2026-02-18
On market date
2026-02-18
Original list price
$3,450,000
Occupant type
Owner
MLS area
33993 - Cape Coral
Listing AOR
Sarasota - Manatee
Status changed
2026-02-18
Tax legal description
MATLACHA SHORES PB 10 PG 29 LOTS 18 + 19

Flood risk

High riskFEMA Zone AE

FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.

Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.

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