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12200 Shoreview Drive 210, CAPE CORAL, FL 33993
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12200 Shoreview Drive 210
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  • MLS#: A4654649 ( Residential Income )
  • Street Address: 12200 Shoreview Drive 210
  • Viewed: 32
  • Price: $4,500,000
  • Price sqft: $0
  • Waterfront: Yes
  • Wateraccess: Yes
  • Waterfront Type: Canal - Saltwater
  • Year Built: 1981
  • Bldg sqft: 0
  • Days On Market: 28
  • Additional Information
  • Geolocation: 26.6384 / -82.0638
  • County: LEE
  • City: CAPE CORAL
  • Zipcode: 33993
  • Subdivision: Matlacha Shores
  • Provided by: RE/MAX SUNSHINE
  • Contact: Char Seuffert
  • 239-790-1177
  • mfrmls
  • 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
Waterfront Description
  1. Canal - Saltwater
Appliances
  1. Other
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
Country
  1. US
Covered Spaces
  1. 0.00
Exterior Features
  1. Storage
Garage Spaces
  1. 0.00
Heating
  1. Central
Insurance Expense
  1. 0.00
Interior Features
  1. Other
Legal Description
  1. MATLACHA SHORES PB 10 PG 29 LOTS 18 + 19
Living Area
  1. 7400.00
Area Major
  1. 33993 - Cape Coral
Net Operating Income
  1. 0.00
Occupant Type
  1. Owner
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 13-44-22-01-00001.0180
Pool Features
  1. In Ground
Possession
  1. Negotiable
Property Type
  1. Residential Income
Roof
  1. Shingle
Sewer
  1. Public Sewer
Tax Year
  1. 2024
Township
  1. 44
Unit Number
  1. 210
Utilities
  1. Cable Available
  2. Electricity Available
  3. Sewer Available
  4. Water Available
View
  1. Water
Views
  1. 32
Virtual Tour Url
  1. https://fusion.realtourvision.com/s/idx/275642
Water Source
  1. Public
Year Built
  1. 1981
Zoning Code
  1. RM-2
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