$3,450,000
Cape Coral, FL 33993 - MATLACHA PASS
For Sale MLS# A4682927
7,400 sq ft Multi-family
Details for
MLS# A4682927
Description for , Cape Coral, FL, 33993 - MATLACHA PASS
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!
Listing Information
Property Type: Commercial, Multi Family
Status: Active
Lot Size: 1 Acres
Square Feet: 7,400 sq ft
Year Built: 1999
Construction: Concrete
Construction Display: New Construction
Foundation: Slab
Number Of Units Total: 12
County: Lee
Construction Status: New Construction
Interior Features
Appliances: Dishwasher, Refrigerator
Accessibility: Accessible Bedroom, Accessible Common Area
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: High Speed Internet Available
Cooling: Central Air, Ductless
Heating: Central, Individual
Exterior / Lot Features
Lot View: Canal,Water
Additional Exterior/Lot Features: Waterfront
Waterfront Details
Standard Water Body: MATLACHA PASS
Water Front Features: Waterfront, River Front, Intracoastal Access, Bayfront
Driving Directions
Pine Island Road and Burnt Store - head west on Pine Island Road, north on Shoreview
Financial Considerations
Terms: Cash
Tax/Property ID: 13-44-22-L3-01001.0180
Tax Amount: 22093
Tax Year: 2024
A broker reciprocity listing courtesy: RE/MAX SUNSHINE
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Sales History & Tax Summary for
Sales History
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Tax Summary
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Schools
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
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