Open House 8/23 11am - 1pm
4928/5000 SW 16th Place
Cape Coral, FL, 33914 $ 495,000
Bedrooms4 Baths4.0 Sq 2,400 Monthly Estimate*
$ 3,125
for $495,000 with 4 bedrooms and 4 full baths. This 2,400 square foot home was built in 1983 on a lot size of 0.23.
Rare fully renovated duplex with a heated pool just minutes from Cape Harbour—now offered at an exceptional new price of $495,000. This income-producing property offers a proven vacation rental history with over $59,000 in gross rental income and is located in one of Southwest Cape Coral's most desirable neighborhoods, just minutes from waterfront dining, shopping, entertainment, marina access, and boating. The property features two spacious 2-bedroom, 2-bath residences totaling 2,400 square feet, providing exceptional flexibility for investors, seasonal owners, or buyers looking to live in one unit while the other helps offset the mortgage. One furnished unit has an established turnkey vacation rental history, while the second unit is becoming available, giving the next owner the opportunity to increase rental income, expand the vacation rental program, continue a hybrid rental strategy, or occupy one side. A truly rare feature for a duplex, the property includes a large heated pool, oversized screened lanai, and private fenced yard—amenities that attract both vacation guests and long-term tenants. With the long-term tenant vacating, the new owner has immediate flexibility to maximize income potential while benefiting from an established rental history. Whether you're expanding your investment portfolio, searching for a seasonal home with income potential, or looking to house hack by living in one unit and renting the other, this property offers exceptional versatility. Investment opportunities combining this location, flexibility, proven rental income, and a private heated pool rarely become available in Southwest Cape Coral—especially at this price.
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Open House
8/23/2026 11:00 AM - 1:00 PM
4928/5000 SW 16th Place Cape Coral, FL
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
FeaturesGeneralSewer Assessment Paid Public Sewer
Heating Central Electric
Cooling Central Air Ceiling Fan(s) Electric Zoned
Utilities Cable Available
Possession Close Of Escrow
Roof Shingle
HOA Fee 0
Architectural Style Duplex
Pool Features Concrete In Ground Screen Enclosure
Construction Materials Block Concrete Stucco
Pets Allowed Yes
Year Built 1983
Tenant Pays Cable TV Electricity
Property Subtype Duplex
Tax Year 2025
Waterfront Features None
Community Features Non-Gated
HOA Fee 2 0
County Lee
Net Operating Income 0
Operating Expense 0
Property Type Residential Income
Association Amenities None
Subdivision Name CAPE CORAL
Full Baths 4
Status Active
City Cape Coral
Land Lease Amount 0
Zoning Description RD-D
Number Of Units Total 2
MLS Area CC22 - Cape Coral Unit 69 70 72-
Lot Size Units Acres
Tax Annual Amount 3552.49
Property Condition Resale
Virtual Tour https://www.propertypanorama.com/instaview/fgcmls/2026011492
Structure Type Duplex
Standard Status Active
Tax Lot 40
Property Sub Type Additional Duplex
Legal Description CAPE CORAL UNIT 69 BLK 4633 PB 22 PG 47 LOTS 40 + 41
HOA Fee 3 0
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InteriorFlooring Tile
Air Conditioning Y/N true
Heating Y/N true
Window Features Single Hung
Total Bedrooms 4
Total Baths 4
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ExteriorExterior Amenities Fence Sprinkler/Irrigation
Lot Features Rectangular Lot Sprinklers Automatic
Water Source Assessment Paid Public
Lot Size Area 0.23
Spa false
Building Area Total 2400
Lot Dimensions 80 x 125 x 80 x 125
Lot Size Acres 0.23
Road Surface Type Paved
Private Pool true
Lot Size Source Appraiser
Waterfront Y/N false
Covered Spaces 0
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* Excluded FeaturesList ByBrian KoonmenListing Agent
Briankremax@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,125
- Monthly Property Taxes
- $296
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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 $495,505
Percent of Sale Price 0%
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.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/16/2026 | $495,000 | -0.90% | Price Down |
| 8/5/2026 | $499,500 | -9.18% | Price Down |
| 8/2/2026 | $550,000 | 10.07% | Price Up |
| 7/8/2026 | $499,700 | -4.98% | Price Down |
| 6/22/2026 | $525,900 | -1.87% | Price Down |
| 5/15/2026 | $535,900 | -1.83% | Price Down |
| 3/10/2026 | $545,900 | | Listed Price |