$3,950,000
7,400 Sqft
0.34 Acre Lot

12200 Shoreview Dr #210, Cape Coral, Florida 33993

  • Residential Income Property Type
  • 7,400 Sqft Square Footage
  • 1981 Year Built
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 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!

Basic Details
Residential Income
For Sale
A4654649
$3,950,000
Water
7,400 Sqft
1981
0.34 Acre
Active
Multi Family
: Shingle
1
Features
: In Ground
: Central
: Central Air
: Storage
: Other
: Laundry Room
1
: Public Sewer
: Cable Available, Electricity Available, Water Available, Sewer Available
: Canal - Saltwater
Appliances
: Other
Address Map
US
FL
Lee
Cape Coral
MATLACHA SHORES
33993
SHOREVIEW
12200
DRIVE
W83° 56' 10.4''
N26° 38' 18.1''
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 access to Cape Coral, Pine Island
33993 - Cape Coral
RM-2
Additional Info
RE/MAX SUNSHINE
Char Seuffert
$0
$0
Additional Information
: Concrete
: Concrete Perimeter
100x145
13
2025-06-02
4500000
https://fusion.realtourvision.com/s/idx/275642
: Public
Financial
11985.29
Listing Information
147500694
258033324
Cash,Conventional
Active
2025-10-15T21:35:09Z
Stellar
: None
2025-06-02T22:49:49Z
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Contact Agent
Contact Us
407-615-0866