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5208 3rd SW Ave - 5208 3rd Ave SW 2,087 SF Specialty Building Offered at $514,950 at a 13.98% Cap Rate in Cape Coral, FL 33914


Investment Highlights
- AIR BNB: 3 Bedrooms, 2 Bathrooms - Private Primary Suite with Lanai Access
- Updated Kitchen with Granite Countertops and Upgraded Appliances
- New Garage Door & 2-Year-Old Roof
- Deepwater Gulf Access with No Bridges — Minutes to River, Intracoastal & Gulf, Oversized Dock with 10,000 lb Boat Lift & Concrete Seawall
- Sparkling Pool and New Tiki Hut
- Newer Major Systems Throughout
Executive Summary
Waterfront Pool Home with Deepwater Gulf Access – Prime Cape Coral Location
Property Highlights:
3 Bedrooms, 2 Bathrooms
Approx. 1,800+ Sq Ft of Living Space
Deepwater Gulf Access with No Bridges — Minutes to River, Intracoastal & Gulf
Updated Kitchen with Granite Countertops and Upgraded Appliances
Spacious Great Room & Dining Area with Built-In Bar
Private Primary Suite with Lanai Access
Sparkling Pool and New Tiki Hut
Oversized Dock with 10,000 lb Boat Lift & Concrete Seawall
New Garage Door & 2-Year-Old Roof
Newer Major Systems Throughout
Investment Opportunity:
This beautifully maintained waterfront home offers turnkey potential for vacation rental investors or lifestyle buyers seeking the ultimate Florida boating experience. Deepwater, no-bridge access allows guests or owners immediate access to open Gulf waters, enhancing rental desirability and long-term value. Recent upgrades and a prime location ensure minimal maintenance and maximum appeal.
Location:
Cape Coral, FL — close proximity to boating, fishing, island hopping, and all coastal amenities.
Ideal For:
Vacation Rental Investment | Owner-User Boater | Luxury Coastal Living
Property Highlights:
3 Bedrooms, 2 Bathrooms
Approx. 1,800+ Sq Ft of Living Space
Deepwater Gulf Access with No Bridges — Minutes to River, Intracoastal & Gulf
Updated Kitchen with Granite Countertops and Upgraded Appliances
Spacious Great Room & Dining Area with Built-In Bar
Private Primary Suite with Lanai Access
Sparkling Pool and New Tiki Hut
Oversized Dock with 10,000 lb Boat Lift & Concrete Seawall
New Garage Door & 2-Year-Old Roof
Newer Major Systems Throughout
Investment Opportunity:
This beautifully maintained waterfront home offers turnkey potential for vacation rental investors or lifestyle buyers seeking the ultimate Florida boating experience. Deepwater, no-bridge access allows guests or owners immediate access to open Gulf waters, enhancing rental desirability and long-term value. Recent upgrades and a prime location ensure minimal maintenance and maximum appeal.
Location:
Cape Coral, FL — close proximity to boating, fishing, island hopping, and all coastal amenities.
Ideal For:
Vacation Rental Investment | Owner-User Boater | Luxury Coastal Living
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$72,000
|
$34.50
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $72,000 |
| Annual Per SF | $34.50 |
Property Facts
| Price | $514,950 | Property Subtype | Residential Income |
| Price Per SF | $246.74 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 2,087 SF |
| Cap Rate | 13.98% | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 1979/2025 |
| Zoning | Single Family Residential | ||
| Price | $514,950 |
| Price Per SF | $246.74 |
| Sale Type | Investment |
| Cap Rate | 13.98% |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Lot Size | 0.24 AC |
| Building Size | 2,087 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1979/2025 |
| Zoning | Single Family Residential |
1 1
Property Taxes
| Parcel Number | 14-45-23-C3-00175.0060 | Improvements Assessment | $104,139 |
| Land Assessment | $411,825 | Total Assessment | $551,045 |
Property Taxes
Parcel Number
14-45-23-C3-00175.0060
Land Assessment
$411,825
Improvements Assessment
$104,139
Total Assessment
$551,045
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5208 3rd SW Ave - 5208 3rd Ave SW
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