12200 SHOREVIEW DRIVE
Cape Coral, FL, 33993 $ 3,450,000
Baths0.0 Sq 7,400 Monthly Estimate*
$ 21,524
Studio for $3,450,000. This 7,400 square foot home was built in 1981 on a lot size of 0.34.
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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FeaturesInteriorInterior Amenities other
Air Conditioning Y/N yes
Heating Y/N yes
Fireplace Y/N no
Laundry Features laundry room
Total Bedrooms 0
Total Baths 0
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GeneralSewer public sewer
Heating central
Cooling central air
Utilities cable available electricity available sewer available water available
Possession negotiable
Roof shingle
Appliances other
Zoning rm-2
Pool Features in ground
Construction Materials concrete
Year Built 1981
View water
Property Subtype multi family
Tax Year 2024
Ownership fee simple
Waterfront Features canal - saltwater
County lee
New Construction no
Property Type residential income
HOA N
Subdivision Name matlacha shores
Garage Y/N no
Status active
Directions located in matlacha a renowned old florida art & fishing village surrounded by dining kayaking boutique shopping and art galleries strong tourism boating and seasonal rental demand easy road and boat
City cape coral
Senior Community Y/N no
Number Of Units Total 13
MLS Area 33993 - cape coral
Lot Size Units square feet
Lot Size Square Feet 14898
Carport Y/N no
Listing Terms cash conventional
Land Lease Y/N no
Tax Annual Amount 11985.29
Additional Parcels Y/N no
Lease Considered Y/N yes
Virtual Tour https://fusion.realtourvision.com/s/idx/275642
Building Area Units square feet
Living Area Units square feet
Standard Status active
Occupancy Type owner
Tax Lot 18
Legal Description matlacha shores pb 10 pg 29 lots 18 + 19
Water View canal
Water Access Type canal - saltwater
Minimum Lease no minimum
Water Access Y/N yes
Water View Y/N yes
Flood Zone Code a
DockY/N yes
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ExteriorExterior Amenities storage
Water Source public
Lot Size Area 14898
Foundation Details concrete perimeter
Number of Buildings 2
Spa no
Lot Dimensions 100 x 145
Lot Size Acres 0.34
Road Surface Type paved
Private Pool yes
Waterfront Y/N yes
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* Excluded FeaturesList Bychar@remaxsunshine.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $21,524
- Monthly Property Taxes
- $999
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Cape Coral, FL
Average List Price $573,537
Percent of Sale Price 83%
About Cape Coral, FL 184,744 Population
76% Since 2002
$ 54,021 Median Income
44.67 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
266288 Elementary School
265661 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 12/3/2025 | $3,450,000 | -12.66% | Price Down |
| 9/17/2025 | $3,950,000 | -12.22% | Price Down |
| 6/3/2025 | $4,500,000 | | Listed Price |