Back to Search

Waterfront Multi-Family Investment Opportunity

1649 Edith Esplanade, Cape Coral, FL 33904

View on Map

For Sale

$700,000

MULTI_FAMILY - Other - Cape Coral, FL

Lot size:

0.23 Acres

HighLights

Direct canal frontage with no bridges, providing gulf access and navigable water access
Waterfront features include a seawall and lake/canal access, with water views from the front and back
Year built 1961 with block, concrete, and stucco construction; shingle roof
Existing duplex did not flood during Hurricane Ian; can remain as‑is or be converted to a 4‑plex
Zoned for multi‑family use with approvals to build up to 10 units
Public utilities: public water and public sewer; central heating and central air

We can help!

Contact an agent

Phil Derry

For Sale

$700,000

MULTI_FAMILY - Other - Cape Coral, FL

Lot size:

0.23 Acres

Added:: Apr 15, 2026
Days on Market:: 78
Last Refresh:: Jul 1 at 7:06 pm

Property Features for 1649 Edith Esplanade

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 4
Bathrooms: 4
Rooms: Bedroom 4, Bathroom 3, Bathroom 2, Bathroom 1, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3
Patio and Porch features: Patio
Pets allowed: Yes
Exterior features: SprinklerIrrigation, Patio, RoomForPool, WaterFeature
Standard status: Active
APN: 17-45-24-C1-00075.0360
Lot size: 0.23 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Description: CAPE CORAL UNIT 6 PART 3 BLK.75 PB 11 PG 71 LOTS 36 + 37
Tax Annual Amount: 9128

Utilities

Sewer type: Public Sewer
Heating system: Central, Electric (Heating)
Cooling system: Central Air, Ceiling Fan(s), Electric
Water source: Public
Water front features: Canal Access, Lake, Seawall, Navigable Water
Water front: 1

Building Details

Year built: 1961
Number of units: 2
Flooring type: Tile
Building materials: Block, Concrete, Stucco
Roof type: Shingle
Architectural style: Other

We can help!

Contact an agent

Phil Derry

Listing agent Phil Derry License #258004233

Listing office RE/MAX Realty Team 2326 Del Prado Blvd, Cape Coral, FL

Listing date Apr 15, 2026

MLS# 2026017519 Listing URL

Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HighLights

Direct canal frontage with no bridges, providing gulf access and navigable water access
Waterfront features include a seawall and lake/canal access, with water views from the front and back
Year built 1961 with block, concrete, and stucco construction; shingle roof
Existing duplex did not flood during Hurricane Ian; can remain as‑is or be converted to a 4‑plex
Zoned for multi‑family use with approvals to build up to 10 units
Public utilities: public water and public sewer; central heating and central air

Overview

This gulf access property features direct canal frontage without bridges, providing deep water access to open water and the Gulf of Mexico. Located on Bikini Basin in an exclusive neighborhood, the spacious lot offers water views of both the river and basin. The existing duplex did not flood during Hurricane Ian. The property is zoned for multi-family use with approvals to build up to 10 units, making it suitable for a spacious home, a multi-unit investment property, or a vacation rental. The land was appraised in April 2026. The property offers convenient river access and proximity to Fort Myers, combining waterfront living with income potential.

Property Profile Location Intelligence

Current Use by Public Records

Waterfront Land

Suggested Use

Location Insight

Map
Local Demand

City: Cape Coral
County: Lee
State: Florida
Longitude: -81.939749
Latitude: 26.559589

Nearby Similar for Sale

$1,150,000

3,840 SF

Retail/Flex/Office Building on Del Prado

3,840 SF retail/flex/office building in high-visibility location.

4529 Del Prado Boulevard S, Cape Coral, FL 33904

View Details
$1,072,000

3,634 SF

Cape Coral Two-Unit Building For Sale

Two-unit building in Cape Coral's CRA district with flexible zoning.

1615 SE 47th Terrace, Cape Coral, FL 33904

View Details
$749,000

Professional Office with Canal Access

Three-office layout with a shared lobby, located at a signalized intersection with canal frontage for client-friendly access.

1218 Del Prado Boulevard S, Cape Coral, FL 33990

View Details
$1,498,000

Restaurant Property with Fenced Yard

Fenced yard and existing restaurant use in a heavy industrial zoning district create flexible options for operators and owners.

916 SE 14th Avenue, Cape Coral, FL 33990

View Details
$575,000

2,600 SF

Cape Coral Duplex For Sale

New construction duplex in Cape Coral with flexible lease terms.

4620 SW 8th Court, Cape Coral, FL 33914

View Details
$899,000

2,100 SF

Leased Retail Building with New Roof

Single-tenant retail building in Cape Coral with a recently replaced roof and an active vape shop lease.

820 Cape Coral Parkway E, Cape Coral, FL 33904

View Details
$2,900,000

Mixed-Use Development Site with Plans

Entitled mixed-use land package proposed for apartments, executive office space, and a ground-floor café.

1415 Cape Coral Parkway E, Cape Coral, FL 33904

View Details
$995,000

Entitled Mixed-Use Development Land

Entitled parcel with approved mixed-use plans for workforce apartments and ground-floor commercial space.

430 SW 47th Terrace, Cape Coral, FL 33914

View Details
$1,050,000

4,000 SF

Flex Office Warehouse Units

Multi-unit flex warehouse with high ceilings, office and bathroom, plus on-site parking for tenants and visitors.

326 NE 3rd Avenue, Cape Coral, FL 33909

View Details
$190,000

15,000 SF

Cape Coral Commercial Land Available

Commercial land in growing Pine Island Road District, Cape Coral.

617 SW 4th Street, Cape Coral, FL 33991

View Details
$1,650,000

Entitled Mixed-Use Development Land

Undeveloped C1-zoned site with approved plans for workforce housing apartments and ground-floor commercial space.

3731 SE 15th Place, Cape Coral, FL 33904

View Details
$519,900

2,416 SF

Cape Coral Income-Producing Duplex

Income-producing duplex near Skyline Blvd with city water and sewer.

4137/4139 SW 8th Place, Cape Coral, FL 33914

View Details

For sale
Waterfront Land
FL
Cape Coral
33904
1649 Edith Esplanade

What type of property is this?

Waterfront Land - Gulf access property with multi-family zoning and income potential.

Where is this waterfront land located?

The property is located at 1649 Edith Esplanade Cape Coral, FL.

What is the asking price?

The asking price for this property is $700,000.

What are key features of this property?

This property features: Direct canal frontage with no bridges, providing gulf access and navigable water access; Waterfront features include a seawall and lake/canal access, with water views from the front and back; Year built 1961 with block, concrete, and stucco construction; shingle roof

1649 Edith Esplanade, Cape Coral, FL 33904

MULTI_FAMILY - Other - Cape Coral, FL

Property Features for 1649 Edith Esplanade

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Retail/Flex/Office Building on Del Prado

Cape Coral Two-Unit Building For Sale

Professional Office with Canal Access

Restaurant Property with Fenced Yard

Cape Coral Duplex For Sale

Leased Retail Building with New Roof

Mixed-Use Development Site with Plans

Entitled Mixed-Use Development Land

Flex Office Warehouse Units

Cape Coral Commercial Land Available

Entitled Mixed-Use Development Land

Cape Coral Income-Producing Duplex

FAQs