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 the land was 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.
Active
Price cut: $35K (5/29)
$700,000
1649 Edith Esplanade Cpe, Cape Coral, FL 33904
4beds
1,600sqft
Duplex, Multi Family
Built in 1961
-- sqft lot
$-- Zestimate®
$438/sqft
$-- HOA
What's special
Existing duplexConvenient river access
- 123 days |
- 351 |
- 18 |
Zillow last checked:
Listing updated:
Listed by:
Phil Derry 239-209-7777,
RE/MAX Realty Team
Source: Florida Gulf Coast MLS,MLS#: 2026017519
Originating MLS: Florida Gulf Coast
Originating MLS: Florida Gulf CoastFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s), Electric
Features
- Flooring: Tile
- Windows: Jalousie, Sliding
Interior area
- Total structure area: 1,600
- Total interior livable area: 1,600 sqft
Video & virtual tour
Property
Features
- Patio & porch: Patio
- Exterior features: Sprinkler/Irrigation, Patio, Room For Pool, Water Feature
- On waterfront: Yes
- Waterfront features: Canal Access, Lake, Navigable Water, Seawall
Lot
- Size: 10,105 Square Feet
- Dimensions: 81 x 126 x 81 x 126
- Features: Rectangular Lot, Sprinklers Automatic
Details
- Parcel number: 174524C100075.0360
- Lease amount: $0
- Land lease expiration date: 1778803200000
- Zoning description: RML
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
Materials
- Block, Concrete, Stucco
- Roof: Shingle
Condition
- Resale
- Year built: 1961
Utilities & green energy
- Sewer: Assessment Paid, Public Sewer
- Water: Assessment Paid, Public
- Utilities for property: Cable Available, Underground Utilities
Community & HOA
Community
- Features: Boat Facilities, Non-Gated
- Condo and coop fee: $0
- Membership fee: $0
- Subdivision: CAPE CORAL
HOA
- Amenities included: None
Location
- Region: Cape Coral
Financial & listing details
- Price per square foot: $438/sqft
- Tax assessed value: $799,268
- Annual tax amount: $9,128
- Date on market: 4/15/2026
- Cumulative days on market: 124 days
- Listing terms: All Financing Considered,Cash
- Tenant pays: Cable TV, Electricity, Internet, Water
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/29/2026 | Price change | $700,000-4.8%$438/sqft |
Source:  Florida Gulf Coast MLS #2026017519 Report a problem | ||
| 4/15/2026 | Listed for sale | $735,000-15.5%$459/sqft |
Source: Florida Gulf Coast MLS #2026017519 Report a problem | ||
| 5/7/2025 | Listing removed | $870,000$544/sqft |
Source:  SWFLMLS #224098456 Report a problem | ||
| 4/29/2025 | Price change | $870,000-2.8%$544/sqft |
Source: SWFLMLS #224098456 Report a problem | ||
| 12/8/2024 | Listed for sale | $895,000$559/sqft |
Source: SWFLMLS #224098456 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,128 +6.4% | $439,131 +10% |
| 2024 | $8,575 -6.8% | $399,210 +10% |
| 2023 | $9,196 +19.9% | $362,918 +10% |
| 2022 | $7,672 +9.9% | $329,925 +10% |
| 2021 | $6,982 +18.7% | $299,932 +10% |
| 2020 | $5,881 +10.7% | $272,665 +10% |
| 2019 | $5,312 | $247,877 +1.2% |
| 2018 | $5,312 -0.7% | $244,877 -16.2% |
| 2017 | $5,348 -15.2% | $292,078 +3.9% |
| 2016 | $6,307 +3.2% | $280,996 +31.3% |
| 2015 | $6,109 +36.6% | $213,996 +29.8% |
| 2014 | $4,472 +12.5% | $164,900 -42.3% |
| 2013 | $3,974 +1.3% | $285,609 +45.8% |
| 2012 | $3,923 +17.7% | $195,859 +45.5% |
| 2011 | $3,333 -31% | $134,629 -33.4% |
| 2010 | $4,830 -16.9% | $202,087 -19.9% |
| 2009 | $5,811 -42.3% | $252,140 -54.3% |
| 2007 | $10,069 -3.2% | $551,650 +0.1% |
| 2006 | $10,403 +55.7% | $551,120 +84.9% |
| 2004 | $6,681 +21.7% | $298,130 +29.6% |
| 2003 | $5,489 +40.2% | $229,990 +48.6% |
| 2002 | $3,914 | $154,780 +61.8% |
| 2000 | -- | $95,660 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 33904
Nearby schools
GreatSchools rating
- 7/10Cape Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 7/10Gulf Middle SchoolGrades: 6-8Distance: 4.9 mi
- 5/10Cape Coral High SchoolGrades: 9-12Distance: 4.2 mi
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- $740,0002 bd2 ba2.1k sqft1657 Edith Esplanade Cpe, Cape Coral, FL 33904Sold
- $570,4003 bd2 ba1.7k sqft1653 Edith Esplanade Cpe, Cape Coral, FL 33904Off Market
- $548,6003 bd2 ba1.9k sqft1645 Edith Esplanade Cpe, Cape Coral, FL 33904Off Market
- $450,9003 bd2 ba1.9k sqft1654 Edith Esplanade, Cape Coral, FL 33904Off Market
- $1,050,0003 bd3 ba2.7k sqft1608 Edith Esplanade Cpe, Cape Coral, FL 33904Sold
- $4,289,4570.54 acres1656 Edith Esplanade Cpe, Cape Coral, FL 33904Off Market
- $2,131,6003 bd2 ba2.2k sqft1650 Edith Esplanade Cpe, Cape Coral, FL 33904Off Market
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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