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Diana Canfield

diana.canfield@engelvoelkers.com +1(708) 670-0247

$ 499,500

Est. payment -/mo

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Price Dropped by $50K

4928/5000 SW 16th PL Cape Coral, FL 33914

4 Beds

4 Baths

2,400 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,400 sqft

Price per Sqft $208

Subdivision Cape Coral

MLS Listing ID 2026011492

Style Resale Property

Bedrooms 4

Full Baths 4

Year Built 1983

Annual Tax Amount $3,552

Tax Year 2025

Lot Size 10,018 Sqft

Acres 0.23

Property Sub-Type Duplex

Source Florida Gulf Coast

Property Description

Rare fully renovated duplex with a heated pool just minutes from Cape Harbour—now offered at an exceptional new price of $499,700. This income-producing property offers a proven vacation rental history with over $59,000 in gross rental income and is located in one of Southwest Cape Coral's most desirable neighborhoods, just minutes from waterfront dining, shopping, entertainment, marina access, and boating.

The property features two spacious 2-bedroom, 2-bath residences totaling 2,400 square feet, providing exceptional flexibility for investors, seasonal owners, or buyers looking to live in one unit while the other helps offset the mortgage. One furnished unit has an established turnkey vacation rental history, while the second unit is becoming available, giving the next owner the opportunity to increase rental income, expand the vacation rental program, continue a hybrid rental strategy, or occupy one side.

A truly rare feature for a duplex, the property includes a large heated pool, oversized screened lanai, and private fenced yard—amenities that attract both vacation guests and long-term tenants. With the long-term tenant vacating, the new owner has immediate flexibility to maximize income potential while benefiting from an established rental history.

Whether you're expanding your investment portfolio, searching for a seasonal home with income potential, or looking to house hack by living in one unit and renting the other, this property offers exceptional versatility. Investment opportunities combining this location, flexibility, proven rental income, and a private heated pool rarely become available in Southwest Cape Coral—especially at this price.

Location

State FL

County Lee

Community Non-Gated

Area Cape Coral

Zoning RD-D

Interior

Heating Central Electric

Flooring Tile

Fireplace No

Heat Source Central Electric

Exterior

Fence Fenced

Pool Below Ground, Concrete, Screen Enclosure

Amenities Available None

Waterfront Description None

Roof Type Shingle

Street Surface Paved

Garage No

Private Pool Yes

Building

Lot Description Regular

Water Assessment Paid, Central

Architectural Style Duplex

Structure Type Concrete Block,Stucco

New Construction No

Others

Pets Allowed Yes

Senior Community No

Tax ID 16-45-23-C2-04633.0400

Listed by RE/MAX Trend • Brian Koonmen

NEARBY SCHOOLS & PROPERTIES

Diana Canfield

Advisor | License ID: 3504241

+1(708) 670-0247

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