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About This Home
This 4-bedroom, 4-bathroom residential multi family at 1649 Edith Esplanade in Cape Coral, FL is listed for $735,000. Built in 1961, on a 0.23 acres lot.
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.
Key Features
- Built in 1961
- 0.23 acre lot
- Waterfront
Property Details
Amenities
Monthly Cost Estimate
$3,931/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1649 Edith Esplanade
Cape Coral, FL 33904
CAPE CORAL
Features & Amenities
Exterior Features
Property Details
Flooring
Construction
Pool Features
Heating
Cooling
Questions & Answers
This 4-bedroom, 4-bathroom residential multi family at 1649 Edith Esplanade is listed at $735,000. The estimated monthly payment is $3,185 based on 20% down at 6.5% interest.
Key features include: Built in 1961, 0.23 acre lot, Waterfront. Exterior Features: SprinklerIrrigation, Patio, RoomForPool.
This property is listed by Phil Derry and can be reached at 2392097777 or derryrealestate@gmail.com.