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12206 Boat Shell Drive
About This Property
Direct Gulf Access to enjoy Southwest Florida's world-class fishing and island hopping!
This expansive property offers unmatched space and potential in one of Florida's most colorful and charming coastal communities. Perfectly tucked away in unincorporated Matlacha Isles, this property offers owners fewer municipal restrictions, has city water and sewer in place, and no assessments. A huge 63-foot private dock extends into the water and includes a 12,000 lb. capacity boat lift.
A paradise for boaters and fishing enthusiasts, this property sits on a deep, wide canal with no bridges, offering quick boating access to Matlacha Pass, Cayo Costa, Boca Grande, and many other beautiful surrounding islands. Whether by car or boat you will find yourself minutes from the colorful Matlacha arts district offering waterfront dining, local art galleries and boutique shops that provide the perfect blend of relaxation and entertainment.
The home itself has a spacious layout and has good bones but would benefit from some updating. Still, it's the lot that truly sets this property apart-double the size of most in Matlacha, incredible views, and endless waterfront possibilities. Don't miss your chance to own this property, value is heavily reflected in the oversized waterfront lot and is an outstanding opportunity for investors and builders. Conveniently close to all that Cape Coral offers and approximately 30 minutes to Downtown Ft. Myers, Downtown Punta Gorda and Punta Gorda Airport.
Great vacation destination!
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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 |
|---|---|---|---|
| Aug 24, 2026 | Sold | ||
| Sold | |||
| Jul 20, 2026 | In contract | - | |
| In contract | |||
| Jun 11, 2026 | Listed by Re/Max Sunshine | $479,000 | |
| Listed by Re/Max Sunshine | |||
| Jun 2, 2026 | No longer available | - | |
| No longer available | |||
| Mar 19, 2026 | Withdrawn | - | |
| Withdrawn | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017