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Sherry Shaheen

sherry.shaheen@engelvoelkers.com +1(352) 455-0712

$ 3,450,000

Est. payment -/mo

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Active

Address not disclosed Cape Coral, FL 33993

7,400 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi-Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 7,400 sqft

Price per Sqft $466

MLS Listing ID A4682927

Construction Status Completed

HOA Y/N No

Year Built 1999

Annual Tax Amount $22,093

Lot Size 1.000 Acres

Acres 1.0

Property Sub-Type Multi-Family 5+

Source Stellar MLS

Property 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 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!

Location

State FL

County Lee

Area 33993 - Cape Coral

Interior

Heating Central

Cooling Central Air, Mini-Split Unit(s)

Appliance Dishwasher, Refrigerator

Exterior

Utilities Available BB/HS Internet Capable

Waterfront Description Bay/Harbor,Intracoastal Waterway,River Front

View Y/N Yes

Water Access Yes

Water Access Desc Canal - Freshwater

Building

Lot Description Waterfront

Entry Level Multi/Split

Foundation Slab

Lot Size Range 1 to less than 2

Sewer Public Sewer

Water Public

Structure Type Concrete

New Construction false

Construction Status Completed

Others

Ownership Fee Simple

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4682927

Listed by Char Seuffert RE/MAX SUNSHINE

MORTGAGE CALCULATOR

Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

Sherry Shaheen

Real Estate Advisor | License ID: SL3517451

+1(352) 455-0712

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