Rare Gulf-Access Duplex on a Waterfront, Triple-Lot in Pelican Neighborhood—2021 construction with $4,000/month rental income potential and private outdoor space!!! An exceptional opportunity to own a newer-construction 2021 multi-family property positioned on a rare triple-lot parcel in the highly sought-after Pelican neighborhood of Cape Coral. Set back toward the center of the expansive property for added privacy, both units enjoy generous outdoor space, privacy, and flexibility for boat, trailer, or recreational equipment storage. The property features substantial saltwater canal frontage with direct access to the Caloosahatchee River and Gulf waters, offering excellent potential for a private dock and a true Southwest Florida boating lifestyle. Both units have been recently updated with luxury waterproof vinyl plank flooring, fresh interior paint, modern bathroom vanities, upgraded lighting, new hardware, and ceiling fans. The property was built to current Florida building codes, offering low-maintenance, modern construction compared to older Cape Coral multi-family properties. Exterior improvements and features include fresh paint, new gutters, elegant coach lighting, and a sprinkler system utilizing reclaimed water. The rare triple-lot configuration allows flexibility for larger fenced yards, outdoor living, or future waterfront enhancements—features highly valued by both tenants and owners. Located in Cape Coral’s highly desirable Pelican neighborhood, the property is surrounded by attractive homes, quality rentals, and is near parks, marinas, nature preserves, shopping, and dining. Nearby highlights include Rotary Park Environmental Center, Tarpon Point Marina, Pelican Soccer Complex, and Joe Coviello Park. Southwest Florida’s world-class beaches—including Fort Myers Beach and Sanibel Island—are within convenient driving distance. Top-rated schools and parks add further appeal for families and long-term tenants. Previously generating $2,000/unit ($4,000/month total), this income-producing Gulf-access duplex is ideal for investors or buyers looking to live in one unit and rent the other. With Gulf access, newer construction, a rare triple-lot parcel, and high tenant demand, opportunities like this are extremely limited in Cape Coral, making this property a standout investment and lifestyle opportunity.

Listing courtesy of KELLER WILLIAMS REALTY SMART 1 (813) 808-6935



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Last checked: 2026-03-17 12:36 AM EDT