2607 Bayshore Drive
About This Property
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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 16, 2026 | Price Decreased |
$425,000
↓ $14K
(3.2%) | |
| Price Decreased | |||
| Aug 27, 2026 | Listed by Coldwell Banker Realty | $439,000 | |
| Listed by Coldwell Banker Realty | |||
| May 2, 2026 | No longer available | - | |
| No longer available | |||
| Feb 8, 2026 | Price Decreased |
$439,000
↓ $11K
(2.4%) | |
| Price Decreased | |||
| Dec 9, 2025 | Listed by Coldwell Banker Realty | $450,000 | |
| Listed by Coldwell Banker Realty | |||
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This island home offers direct access to the Gulf of Mexico right from your private boat dock and walking distance to the little shops downtown!
Boasting cathedral ceilings, a new 2021 roof, impact windows and doors, this waterfront property is also on a canal with a 90 degree curve- a natural break in the wake from the boating channel- your seawall and boats will have the highest level of protection on the island! The still waters are a haven for birds and sea life. This gem shows very well and reflects pride in homeownership. Great amenities including a boat ramp and dock access, hiking and biking trails on nearby Pine Island, and the restaurants, coffee shop, and souvenir stores are within walking distance. Convenience is key with grocery stores, waterfront dining, and shopping just minutes away.
There are newer appliances, AC, and hot water heater so this home is all set for many years to come. Choose this property for your perfect primary residence, second home, or an Airbnb investment property. There is a vacant lot for sale next door. Located in the unique, artsy island community of Matlacha, celebrated as a top destination within the greater Fort Myers area for its vibrant fishing and art scene along Florida’s “Creative Coast.”
Schedule your private showing today and start living your Florida dream home lifestyle!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017