1 of 88

Want to see this property?

12200 Shoreview Drive Unit 210

CAPE CORAL, FL 33993

– beds
– baths
7,400 sqft
14,898 sqft lot
$608 per sqft
1981 build
– on site

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!

Listing courtesy of STELLAR_MLS / RE/MAX SUNSHINE

Last checked: Checking… • Last updated Jun 3, 2025 •

MLS# A4654649 —

The Building

Year Built:

1981
New Construction:

false
Construction Materials:

Concrete
Roof:

Shingle
Foundation Details:

Concrete Perimeter
Unit Number:

210
# of Buildings:

2
Building Area Units:

Square Feet

Interior

Interior Features:

Other
Fireplace:

false

Room Dimensions

Living Area:

7400
Living Area Units:

Square Feet
Living Area Source:

Appraiser

Location

Directions:

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
Latitude:

26.638375
Longitude:

-82.063789
Coordinates:

-82.063789, 26.638375

The Property

Parcel Number:

1344220100001.0180
Property Type:

Residential Income
Property Subtype:

Multi Family
Lot Size Acres:

0.34
Lot Size Area:

14898
Lot Size SqFt:

14898
Lot Size Dimensions:

100 x 145
Lot Size Units:

Square Feet
Total Acres:

1/4 to less than 1/2
Zoning:

RM-2
View:

Water
View:

true
Exterior Features:

Storage
Water Source:

Public
Road Surface Type:

Paved
Flood Zone Code:

A
Additional Parcels:

false
Lease Restrictions:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Lot:

18
Tax Block:

1
Tax Legal Description:

MATLACHA SHORES PB 10 PG 29 LOTS 18 + 19
Tax Book Number:

10-29
Tax Annual Amount:

$11,985.29

The Listing

Virtual Tour URL Unbranded:

https://fusion.realtourvision.com/s/idx/275642
Special Listing Conditions:

None

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Cable Available
Sewer:

Public Sewer

Appliances

Appliances:

Other
Laundry Features:

Laundry Room

The Community

Subdivision Name:

MATLACHA SHORES
Senior Community:

false
Waterview:

Canal
Waterview:

true
Water Access:

Canal - Saltwater
Water Access:

true
Water Extras:

Assigned Boat Slip
Waterfront:

true
Waterfront Features:

Canal - Saltwater
Spa:

false
Pool Private:

true
Pool Features:

In Ground
Association:

false
Ownership:

Fee Simple
Association Approval Required:

false

Parking

Garage:

false
Carport:

false

Extra Units

# of Units Total:

13

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
6/2/25 Jun 2, 2025	Listed / Active	STELLAR_MLS	$4,500,000

Want a closer look?

Go see 12200 Shoreview Drive

Or Call Toll Free 1-800-377-0462

We guarantee that we’ll never spam you.

* indicates a required field

More homes

Newest listings in Matlacha Isles-Matlacha Shores, FL

Similar sold homes

This multifamily located in Burnt Store, Matlacha Isles-Matlacha Shores, FL 33993 is currently for sale for $4,500,000. 12200 Shoreview Drive Unit 210 is a 7,400 square foot multifamily with – beds and – baths that has been on Estately for 7 days. 12200 Shoreview Drive Unit 210 is in the Burnt Store neighborhood of Matlacha Isles-Matlacha Shores and has a WalkScore® of 23, making it car-dependent. This multifamily is in the attendance area of Diplomat Middle School, Caloosa Middle School, Island Coast High School, Pelican Elementary School, Trafalgar Elementary School, Patriot Elementary School, Ida S. Baker High School, Challenger Middle School, Gulf Middle School, and Caloosa Elementary School.

Listing Courtesy of: STELLAR_MLS and RE/MAX SUNSHINE.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.