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5155 Sunnybrook Court is the kind of Cape Coral waterfront opportunity buyers say they want, then hesitate on until someone else takes it. Priced at $425, 000, this property sits in one of Cape Coral’s true sailboat-access boating corridors just south of Bimini Basin, with Gulf access, no bridges, a private boat dock, canal frontage, central water and sewer, and an 80x125 lot offering approximately 10, 019 square feet. The existing 2-bedroom, 1-bath, 1, 063-square-foot home can be renovated, rented, used as a seasonal waterfront getaway, or treated as a bonus structure while planning a future new-construction build. The MLS report confirms the property is active at $425, 000, offers waterfront canal frontage, Gulf access with no bridges, a private boat dock, room for a pool, no HOA fees, and a 0. 23-acre lot.
The upside here is the land, the boating access, and the location. Buyers looking to build a brand-new waterfront home in Cape Coral are rarely finding this type of entry point in a premium Gulf-access corridor. This lot gives you the ability to design a modern coastal home, add a pool, maximize the water views, and create a property positioned for long-term value in an area where newer waterfront homes continue to command significantly higher pricing.
This is not a property where the old house needs to be the whole story. The better way to look at it is simple: buy the waterfront position now, then decide the exit strategy. Renovate and hold. Rent it. Use it personally. Build new. Build a spec home. Create a luxury boating retreat. The flexibility is exactly what makes this opportunity different.
Location matters, and this one has it. You are near Bimini Basin, downtown Cape Coral, dining, entertainment, marinas, and open-water boating routes, with direct sailboat access for buyers who understand the value of no-bridge Gulf access. For boaters, builders, investors, and buyers who want to secure a prime waterfront lot before prices move again, this is the window.
Prime Gulf-access lots at this price point are getting harder to find, especially with no HOA, no bridges, room for a pool, and a private dock already in place. Buyers waiting for the perfect new-construction waterfront home may end up paying far more later for what they can control now. Secure the lot, build the vision, and own one of the more affordable entry points into Cape Coral’s true sailboat-access waterfront lifestyle.
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William Raveis Mortgage, LLC
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Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $340,000 | $340,000 | $340,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.625% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.133% | 6.739% | 5.952% |
| Monthly Tax Payment | $541 | $541 | $541 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,957 | $2,177 | $2,823 |
| Total Monthly Payment | $2,573 | $2,793 | $3,439 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.