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12190 Shoreview Drive
About This Property
This is the view you've been waiting for! Discover a rare opportunity to build your dream home in the heart of Matlacha, a quaint, colorful fishing village known for its laid-back island lifestyle, local charm, and incredible boating and fishing. This "no through traffic" location offers easy access and less traffic with the Island feel.
Surrounded by multi-million-dollar waterfront homes, this special property offers beautiful open-water views and the perfect setting for your own piece of paradise. Hop in your boat and enjoy a quick ride to Boca Grande, Sanibel Island, Fort Myers Beach, or the beautiful beaches of Cayo Costa. Whether you're dreaming of a custom waterfront home where you can soak in the views and enjoy life on the water or looking for an exciting investment opportunity, the possibilities are worth exploring.
The zoning allows for a two-family home, offering added flexibility and a stellar investment opportunity, and water and sewer are already in place. Opportunities to build in such a unique waterfront location are hard to find. Come experience the view, discover the charm of Matlacha, and imagine the possibilities!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 14, 2026 | Listed by John R. Wood Properties | $699,000 | |
| Listed by John R. Wood Properties | |||
| Aug 30, 1996 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017