$544,000
3520/3524 17th Avenue
Cape Coral, FL 33914
Listing updated: June 12, 2026 at 1:10 PM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Garage spaces
Flood zone
About this home
Rare Gulf-Access Duplex on a Waterfront, Triple-Lot in Pelican Neighborhood—2021 construction with $4,000/month rental income potential and private outdoor space!!! An exceptional opportunity to own a newer-construction 2021 multi-family property positioned on a rare triple-lot parcel in the highly sought-after Pelican neighborhood of Cape Coral. Set back toward the center of the expansive property for added privacy, both units enjoy generous outdoor space, privacy, and flexibility for boat, trailer, or recreational equipment storage. The property features substantial saltwater canal frontage with direct access to the Caloosahatchee River and Gulf waters, offering excellent potential for a private dock and a true Southwest Florida boating lifestyle. Both units have been recently updated with new luxury waterproof vinyl plank flooring, fresh interior paint, new modern bathroom vanities, upgraded lighting, ceiling fans and hardware. The property was built to current Florida building codes, offering low-maintenance, modern construction compared to older Cape Coral multi-family properties. Exterior improvements and features include fresh paint, new gutters, elegant coach lighting, and a sprinkler system utilizing reclaimed water. The rare triple-lot configuration allows flexibility for larger fenced yards, outdoor living, or future waterfront enhancements—features highly valued by both tenants and owners. Located in Cape Coral’s highly desirable Pelican neighborhood, the property is surrounded by attractive homes, quality rentals, and is near parks, marinas, nature preserves, shopping, and dining. Nearby highlights include Rotary Park Environmental Center, Tarpon Point Marina, Pelican Soccer Complex, and Joe Coviello Park. Southwest Florida’s world-class beaches—including Fort Myers Beach and Sanibel Island—are within convenient driving distance. Top-rated schools and parks add further appeal for families and long-term tenants. Previously generating $2,000/unit ($4,000/month total), this income-producing Gulf-access duplex is ideal for investors or buyers looking to live in one unit and rent the other. With Gulf access, newer construction, a rare triple-lot parcel, and high tenant demand, opportunities like this are extremely limited in Cape Coral, making this property a standout investment and lifestyle opportunity.
Estimated monthly payment
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 history71 days on market
- Status: PendingMay 27, 2026
- Listed$549,000Mar 16, 2026
- Price reduced$544,000
Facts & features
- Property type
- Residential Income
- Sub type
- Duplex
- Status
- Pending
- Days on market
- 71
- Subdivision
- Cape Coral
- County
- Lee
- Year built
- 2020
- Living area
- 2,418 sq ft
- Price/sq ft
- $225
- Building area
- 3,318 sq ft (Public Records)
- Lot size
- 15,000 sq ft
- Lot category
- 1/4 to less than 1/2
- Flood zone
- AE
- Garage
- 2 spaces
- Annual taxes
- $11,432 (2025)
- Parcel #
- 04-45-23-C2-04686.0020
- Zoning
- RML
- MLS #
- L4960237
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Interior Details
- Bedrooms
- 6
- Flooring
- Ceramic Tile, Luxury Vinyl
- Appliances
- Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator
- Interior features
- Ceiling Fans(s), High Ceilings, Open Floorplan, Solid Surface Counters, Stone Counters, Thermostat, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
- Laundry
- Electric Dryer Hookup, In Garage, Washer Hookup
- Stories / Levels
- One
Heating & Cooling
- Heating
- Central, Electric
- Cooling
- Central Air
Parking
- Garage spaces
- 2
- Attached garage
- Yes
- Parking features
- Driveway, Garage Door Opener, Oversized
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Listing terms
- Cash, Conventional, FHA
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- No
Exterior & Construction
- Exterior features
- Hurricane Shutters, Lighting, Private Mailbox, Private Yard, Rain Gutters, Sidewalk, Sliding Doors
- Construction materials
- Block, Stucco
- Roof
- Shingle
- Foundation
- Slab
- Waterfront
- Yes
- Water access
- Yes
- Water view
- Yes
- Road surface
- Asphalt, Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Public, Sewer Connected, Sprinkler Recycled, Water - Multiple Meters, Water Connected
Community
- Pets allowed
- Yes
Schools
Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.
Listing Details
- Listing date
- 2026-03-15
- On market date
- 2026-03-16
- Original list price
- $549,000
- MLS area
- 33914 - Cape Coral
- Listing AOR
- East Polk
- Status changed
- 2026-05-27
- Tax legal description
- CAPE CORAL UNIT 70 BLK 4686 PB 22 PG 85 LOT 2 THRU 4
Flood risk
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.
Location
Directions
*From Cape Coral Bridge Rd, turn right onto Chiquita Blvd S. Then turn left onto SW 36th Terr. The destination will be on your left. *From Veterans Memorial Pkwy, turn left onto Chiquita Blvd S. Then turn right onto SW 34th St. Then turn left onto SW 17th Ave. The destination will be on your right.
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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 June 12, 2026 at 1:10 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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