This one-of-a-kind Cape Coral compound offers an exceptionally rare blend of modern living, proven rental income, and flexible multi-generational design—all wrapped into a fully renovated property unlike anything else on the market. The main residence features 3 bedrooms, 1 full bath, and a spacious recreation/flex room, with two additional independent living spaces designed to accommodate a wide range of lifestyle and investment needs. Inside, light-filled interiors unfold in a soft contemporary palette, while ceramic tile flooring laid in a striking herringbone pattern carries throughout the home. The beautifully renovated kitchen features quartz countertops, a dramatic full-height quartz backsplash, under-cabinet lighting, abundant cabinetry, stainless appliances, and a breakfast bar. A spacious recreation room with a dramatic brick-clad wood-burning fireplace creates incredible flexibility and could easily function as a theater space, fitness area, game room, or oversized secondary living room. What truly sets this property apart, however, are the two additional independent living spaces designed to accommodate today’s evolving lifestyle needs. Connected to the main home through a lockout-style double-door system reminiscent of luxury hotel suites, the fully air-conditioned mother-in-law suite features a kitchenette, sitting area, dining area, large closet, stackable washer and dryer, and a beautifully finished bath with walk-in shower. The detached, fully air-conditioned two-car garage has been transformed into a beautifully finished flex environment with tiled walls and floors throughout. Easily converted to living space for use as workshop, gym, studio, creative workspace, home business headquarters, entertainment pavilion, or additional income-producing opportunity. With its detached configuration and separate access, the structure offers a level of independence rarely found in residential properties. Extensive renovations and system updates provide added peace of mind, including a newer shingle roof, impact-rated doors and windows, updated HVAC, updated plumbing and electrical, new septic system, whole-house reverse osmosis system, new well equipment, and extensive interior improvements throughout. Situated in sunny Cape Coral with relaxed 7-day minimum rental restrictions, this property presents an extraordinary opportunity for buyers seeking a primary residence with income potential, a live/work compound, multigenerational flexibility, or a uniquely adaptable investment property where the possibilities are nearly endless.
For sale
$450,000
1200 Patterson Rd, Cape Coral, FL 33909
4beds
2,016sqft
Est.: Get pre-qualified
Single Family Residence
Built in 1961
10,018 Square Feet Lot
$427,500 Zestimate®
$223/sqft
$-- HOA
What's special
Fully air-conditioned mother-in-law suiteBeautifully renovated kitchenBreakfast barDramatic full-height quartz backsplashSpacious recreation roomQuartz countertopsSoft contemporary palette
- 8 days |
- 472 |
- 19 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Mary Ann Cowart 239-851-6447,
Royal Shell Real Estate, Inc.
Source: Sanibel And Captiva Island AOR,MLS#: 2260486
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: DR/LR Combo, Family Room, Kitchen, Living Room, Recreation Room, Separate Apt., Workshop, See Remarks, Den
Primary bathroom
- Features: Shower/Tub Combo
Heating
- Central
Cooling
- Ceiling Fan(s), See Remarks
Appliances
- Included: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer, Water Treatment, See Remarks
- Laundry: Sink
Features
- Bar, Breakfast Bar, Eat-in Kitchen, 8 Ft Ceilings
- Flooring: Tile
- Doors: Impact Resistant Doors, Wind Rated Garage Door, Storm Protection Partial
- Windows: Impact Resistant Windows, Single Hung, Storm Protection Partial
- Has fireplace: Yes
- Fireplace features: Electric, Wood Burning
Interior area
- Total structure area: 2,016
- Total interior livable area: 2,016 sqft
Property
Parking
- Parking features: Separate Garage
- Has garage: Yes
Features
- Patio & porch: Patio
- Pool features: None/Not Applicable
- Fencing: Privacy,Fenced
- Has view: Yes
- View description: Lawn/Garden
- Waterfront features: None/Not Applicable
- Frontage length: 70
Lot
- Size: 10,018 Square Feet
- Features: Inland
Details
- Parcel number: 084424C1000040230
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Block, Stucco
- Roof: Fiberglass
Condition
- Updated/Remodeled
- Year built: 1961
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & HOA
Community
- Subdivision: Cape Coral
HOA
- Has HOA: No
Location
- Region: Cape Coral
Financial & listing details
- Price per square foot: $223/sqft
- Tax assessed value: $266,423
- Annual tax amount: $5,135
- Date on market: 5/23/2026
- Cumulative days on market: 8 days
- Listing terms: BTF/Cash
- Lease term: Month To Month
- Road surface type: Paved
Estimated market value
$427,500
$406,000 - $449,000
$2,222/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/23/2026 | Listed for sale | $450,000+12.5%$223/sqft |
Source: | ||
| 2/5/2024 | Listing removed | -- |
Source: | ||
| 1/24/2024 | Listed for sale | $400,000$198/sqft |
Source: | ||
| 1/24/2024 | Listing removed | $400,000$198/sqft |
Source: | ||
| 11/12/2023 | Listed for sale | $400,000+45.5%$198/sqft |
Source: | ||
| 10/19/2022 | Listing removed | -- |
Source: | ||
| 9/1/2022 | Listed for sale | $275,000+69.2%$136/sqft |
Source: | ||
| 8/12/2022 | Sold | $162,500+196%$81/sqft |
Source: Public Record Report a problem | ||
| 1/20/1995 | Sold | $54,900$27/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,135 +11.4% | $266,423 +11.4% |
| 2024 | $4,609 +3.6% | $239,215 +3.6% |
| 2023 | $4,450 +317.8% | $230,849 +340.6% |
| 2022 | $1,065 +5.8% | $52,400 |
| 2021 | $1,007 +0.6% | -- |
| 2020 | $1,001 +4% | $50,172 -60.9% |
| 2019 | $962 | $128,391 +166.8% |
| 2018 | $962 +2.7% | $48,130 +2.1% |
| 2017 | $938 +4.9% | $47,140 -54.1% |
| 2016 | $893 +4.5% | $102,736 +13.8% |
| 2015 | $855 +3.7% | $90,295 +0.4% |
| 2014 | $825 +8.3% | $89,903 +48.8% |
| 2013 | $762 +19.6% | $60,406 -0.3% |
| 2012 | $637 +2.7% | $60,601 +12.8% |
| 2011 | $620 -0.2% | $53,748 +27.5% |
| 2010 | $622 -15.5% | $42,149 -10.4% |
| 2009 | $736 -15.4% | $47,040 -49.5% |
| 2008 | $870 -19.4% | $93,240 -36.4% |
| 2007 | $1,078 0% | $146,530 -7.5% |
| 2006 | $1,079 -0.2% | $158,360 +77.9% |
| 2004 | $1,081 -0.7% | $89,020 +9.7% |
| 2003 | $1,089 +1.3% | $81,160 +17.5% |
| 2002 | $1,075 | $69,070 +12% |
| 2000 | -- | $61,670 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 33909
Nearby schools
GreatSchools rating
- 5/10Tropic Isles Elementary SchoolGrades: PK-5Distance: 1.2 mi
- 4/10Diplomat Middle SchoolGrades: 6-8Distance: 1.6 mi
- 5/10North Fort Myers High SchoolGrades: 9-12Distance: 1.4 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Florida
- Lee County
- Cape Coral
- 33909
- 1200 Patterson Rd











