House in Cape Coral, FL 33914

Cape Coral Residential, 1504 El Dorado Pkwy W

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.