$735,000

1649 Edith Esplanade, Cape Coral, FL 33904

  • 4 beds |
  • 4 baths |
  • 1,600 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1961
  • Property Lot Size Icon10,106sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $459/sqft
  • Property List Date Icon Listed 23 days ago

Property Description

Priced below appraised value, this exceptional gulf access property features direct canal frontage with no bridges, offering deep water access and quick, easy passage to open water and the Gulf of Mexico. Nestled on Bikini Basin in an exclusive neighborhood surrounded by multi-million dollar homes, the property includes a spacious lot with water views of both the river and basin from the front and back. The existing duplex did not flood during Hurricane Ian and can remain as-is or be easily converted into a 4-plex, providing excellent flexibility for owners or investors. Recently appraised in April 2026 for $750,000, the property is zoned for multi-family use with approvals to build up to 10 units. This makes it the perfect location for building your spacious dream home, developing a multi-unit investment property, or creating a profitable vacation rental/Airbnb opportunity. Enjoy convenient river access and quick proximity to Fort Myers, combining prime waterfront living with strong income potential.

Listing Status:
Active
Date Added:
April 15, 2026
Data Last Updated:
May 8, 2026 at 7:18AM
Listing Office:
RE/MAX Realty Team : 239-242-2000
Listing Agent:
Phil Derry : 239-209-7777
MLS ID:
2026017519
  • Flooring: Tile
  • A/C: Central AirCeiling Fan(s)Electric
  • Heating: CentralElectric
  • General: Sprinkler/IrrigationPatioRoom For PoolWater Feature
  • Style: Duplex
  • Other Structures: Patio
  • Roofing: Shingle
  • Windows: JalousieSliding
  • General: BlockConcreteStucco
  • HOA Amenities: 0.0
  • Originating MLS: FGC_FORT
  • County: Lee
  • Zoning: CAPE CORAL UNIT 6 PART 3 BLK.75 PB 11 PG 71 LOTS 36 + 3717-45-24-C1-00075.0360
  • Utilities: Cable AvailableUnderground Utilities
  • Water: Assessment PaidPublic
  • Sewer: Assessment PaidPublic Sewer
  • Source: FGC_FORT

This listing courtesy of Phil Derry , RE/MAX Realty Team

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #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

Similar Listing

326 Palmetto DR, Cape Coral, FL 33904
Duplex For Sale

$620,000

  • 4 bed |
  • 4 bath |
  • 1,800 sqft |
  • 0.34 acre lot
326 Palmetto DR Cape Coral, FL 33904

#2026016060 - Tiuso Realty Group