$3,450,000
Cape Coral, FL 33993
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
$20,867/mo
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 history49 days on market
- Status: ActiveFeb 18, 2026
- Listed$3,450,000Feb 18, 2026
- Price increased$3,450,000
Virtual Tour
Facts & features
- Property type
- Commercial Sale
- Sub type
- Multi-Family 5+
- Status
- Active
- Days on market
- 49
- County
- Lee
- Year built
- 1999
- Living area
- 7,400 sq ft
- Price/sq ft
- $466
- 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
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
Location
- Flood zone
- ae
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of April 8, 2026 at 12:06 PM ET. 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.
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