2596 Bayshore Drive
About This Property
Offering fast Gulf access with no bridges or locks to slow you down, this property is perfectly situated for those seeking a premium Southwest Florida waterfront lifestyle.
Features a high-quality composite dock and a 7,000 lb boat lift on a cleared, buildable lot for a single family home.
Located on a 90 foot wide canal, with an average 4 foot depth, making it an ideal location for larger vessels. Shore power tower hook up on dock is a legacy feature, it provides a seamless starting point for a buyer to integrate a state-of-the-art marine power system.
City water and sewer available on site. Existing well on the property for irrigation or external use. Not in a historic district or HOA! Come see this prime location. Experience the charm of Matlacha, one of Florida's top fishing communities and a hidden gem for coastal living near Cape Coral and Fort Myers!
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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 4, 2026 | Sold | ||
| Sold | |||
| Jul 23, 2026 | In contract | - | |
| In contract | |||
| Jul 20, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Jun 24, 2026 | Price Decreased |
$195,000
↓ $30K
(13.3%) | |
| Price Decreased | |||
| Jun 4, 2026 | Relisted | $225,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017