$899,000

1504 El Dorado PKWY W, Cape Coral, FL 33914

3 beds |
2 baths |
1,741 sqft

Single-Family Home
Built in 1980
10,019sqft lot
2 car garage
$516/sqft
Listed 2 months ago

Property Description

Rare opportunity with seller financing available in one of Cape Coral’s most desirable waterfront locations. This direct sailboat-access property features southern exposure, no bridges, and quick access to open water. Positioned just steps from Cape Harbour and surrounded by luxury waterfront communities, it’s ideal for boaters, investors, or anyone planning a future custom home. The existing 3-bedroom, 2-bath home was impacted by Hurricane Ian but has been professionally remediated, providing a clean slate for renovation. The home will need new drywall throughout, but major systems remain functional, allowing for a variety of paths forward. Buyers can redrywall and install a new appliance package to live in or rent, renovate for long- or short-term rental income, or clear the lot and build new. I have partnered with Windward Construction, a premier local builder, to showcase new-build possibilities for this lot, though there is no obligation to use them. Boaters will appreciate the deep-water canal, wide turning basin, and two boat lifts (13,000 lb with 32' slip and 10,000 lb with 19' slip). The property also includes a spacious screened pool area, mature landscaping, and intersecting canal views. Recent updates include a new roof installed in 2022 with premium shingles, a newer pool pump, hot water heater, dock improvements, and updated irrigation valves. The location places you minutes from Cape Harbour, Tarpon Point, marinas, waterfront restaurants, live music, boutique shops, golf, and new developments such as Bimini Square and The Cove. Whether you choose to renovate, generate income, or build a custom waterfront home, this property offers exceptional location, flexibility, and long-term potential in one of Cape Coral’s premier boating neighborhoods.

Listing Status:: Active
Date Added:: October 9, 2025 at 05:00AM
Listing Office:: John R. Wood Properties : (239) 984-8177
MLS ID:: 2025014090

General: Built-In CabinetsCloset CabinetsSmoke DetectorsVolume CeilingWalk-In Closet(s)
Appliances: Electric CooktopDishwasherMicrowave
Dining: Eat-in Kitchen
Laundry: Washer/Dryer HookupIn Garage
Flooring: CarpetTile
A/C: Central Electric
Heating: Central Electric

General: Boat Dock PrivateBoat LiftCaptain's WalkComposite DockDock IncludedElec Avail at dockScreened Lanai/PorchJetted Tub
Style: RanchSingle Family
Pool: Below Ground
Parking: AttachedParking spaces: 2

Roofing: Shingle
General: Concrete BlockStucco1Concrete Block

HOA Amenities: 0.0
Originating MLS: Florida Gulf Coast
County: Lee

Zoning: R1-W15-45-23-C4-03445.0160
View: CanalIntersecting CanalPool/ClubView
Restrictions: None

Water: Central

Source: Florida Gulf Coast

This listing courtesy of John R. Wood Properties

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

Gulf Elementary School

3400 SW 17th Pl, Cape Coral, FL, 33914

Grades KG-5

2.88 miles away

Gulf Middle School

1809 SW 36th Ter, Cape Coral, FL, 33914

Grades 6-8

2.65 miles away

Ida S. Baker High School

3500 Agualinda Blvd, Cape Coral, FL, 33914

Grades 9-12

2.79 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.