CAPE CORAL, FL 33993 12200 SHOREVIEW DRIVE #210

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Presented By: RE/MAX SUNSHINE with 239-790-1177. -
  • MLS# A4654649
  • 06/02/2025
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  • SQFT • 7,400

Home Details

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!
Presented By: RE/MAX SUNSHINE with 239-790-1177. -

Interior Features for 12200 SHOREVIEW DRIVE #210

Bedrooms

Total Bedrooms

Bathrooms

Total Baths

Other Interior Features

LivingAreaSourceappraiser
Air Conditioning Y/NYes
Fireplace Y/NNo
Heating Y/NYes
Interior Amenitiesother
Laundry Featureslaundry room

General for 12200 SHOREVIEW DRIVE #210

Additional Parcels Y/NNo
Appliancesother
Building Area Unitssquare feet
Carport Y/NNo
Citycape coral
Construction Materialsconcrete
Coolingcentral air
Countylee
Directionslocated 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
DockY/NYes
Flood Zone Codea
Garage Y/NNo
HOANo
Heatingcentral
Land Lease Y/NNo
Lease Considered Y/NYes
Legal Descriptionmatlacha shores pb 10 pg 29 lots 18 + 19
Listing Termscash, conventional
Living Area Unitssquare feet
Lot Size Square Feet14898
Lot Size Unitssquare feet
MLS Area33993 - cape coral
Minimum Leaseno minimum
ModificationTimestamp2025-06-03t05:00:11.027z
New ConstructionNo
Number Of Units Total13
Occupancy Typeowner
Ownershipfee simple
Pool Featuresin ground
Possessionnegotiable
Property Subtypemulti family
Property Typeresidential income
Roofshingle
Senior Community Y/NNo
Sewerpublic sewer
Standard Statusactive
Statusactive
Subdivision Namematlacha shores
Tax Annual Amount11985.29
Tax Lot18
Tax Year2024
Unit Number210
Utilitiescable available, electricity available, sewer available, water available
Viewwater
Virtual TourClick here
Water Access Typecanal - saltwater
Water Access Y/NYes
Water Viewcanal
Water View Y/NYes
Waterfront Featurescanal - saltwater
Year Built1981
Zoningrm-2

Exterior for 12200 SHOREVIEW DRIVE #210

Exterior Amenitiesstorage
Foundation Detailsconcrete perimeter
Lot Dimensions100 x 145
Lot Size Acres0.34
Lot Size Area14898
Number of Buildings2
Private PoolYes
Road Surface Typepaved
SpaNo
Water Sourcepublic
Waterfront Y/NYes

Additional Details

Price History

Andre LaFountain

Realtor / Coach
Price $4,500,000
MLS#A4654649
List Date 06/02/2025
Property Type Income
Phone 518.569.7173
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