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Create an exceptional and truly rare waterfront investment opportunity on this direct Gulf access homesite overlooking Cape Coral’s highly desirable Bikini Basin. Zoned for multi family development, this property represents a limited and increasingly hard to find opportunity to build a duplex or larger income producing waterfront project in one of the city’s most coveted boating corridors. Featuring 80 feet of newly constructed seawall, the lot offers wide, uninterrupted basin views, deep water, and fast, direct access to the river.
Purpose built for the boating lifestyle and future tenants, the property includes true sailboat access along with three private wet slips, each fully outfitted with 240V 50 amp shore power service and water hookups, an extremely uncommon amenity package that significantly elevates both functionality and long term value.
Ideally located just off the Cape Coral Bridge, the property provides convenient access to Fort Myers while maintaining a quiet, private waterfront setting. Just across the bridge, the newly opened Slipaway Food Truck Park and Marina adds a vibrant and walkable waterfront destination with dining, live music, and a lively social atmosphere just minutes away.
You are also only a short 10 minute bike ride from the Cape Coral Yacht Club and beach, currently undergoing a transformative 100 million dollar redevelopment.
The lot is cleared and ready for construction, offering a truly rare, near irreplaceable opportunity for immediate development in one of Cape Coral’s premier waterfront settings.
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Our Executive Mortgage Banker:
Our Insurance Division:
$749,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
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 |
|
|---|---|---|---|
| Loan Amount | $599,200 | $599,200 | $599,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.374% | 6.524% | 5.866% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,593 | $3,738 | $4,936 |
| Total Monthly Payment | $3,685 | $3,830 | $5,028 |
* 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.