Largest residential lot in Cape Coral. Three parcel waterfront corner lot (1/2 acre)! Have a full baseball game. $250,000 in renovations and improvements. 10 years of rental income to show with 50 - 5 star reviews on VRBO. No electric bill for you (10kW grid tied solar panel system installed) save $250/month on bills. Newer hurricane grade windows and slider (save $1000s on insurance). Newer heat pump pool heater, new pool pump, seperate hot tub with new pavers to hot tub, freshly drained and relined pool ($18,000 job). Completely relined sewer drain pipes (epoxy) no need to worry about cast iron ($26,500 job). Room additions, complete gut of kitchen, new cabinets, countertops and outdoor/indoor bar area. Updated 200 amp electrica upgrade with a Rheem heat pump water heater for energy savings. Newer A/C. Addition of 300sq ft of lanai and patio pavers. New pool cage extended. Seperate newer shed for storage. Brand new attic insulation and full pest control prevention. New landscaping, new irrigation system with controller with newer landscape lighting, new and mature fruit trees. It is rare to have this much land on the water with such easy access to the river. Fresh paint inside and out and a brand new epoxy resin garage floor. Can come furnished or not as it is currently a perfect rental. February is booked at $14,000 for the month. You can cancel the booking if you move in before then or keep it to make the income. We anticipate ~$60,000 in income for 2026.
For sale by owner
$849,000
5103 Calusa Ct, Cape Coral, FL 33904
4beds
2,332sqft
Est.:
SingleFamily
Built in 1967
0.51 Acres Lot
$-- Zestimate®
$364/sqft
$-- HOA
What's special
Fruit treesIrrigation systemCorner lotGut of kitchenPool cageNew cabinetsPatio pavers
What the owner loves about this home
10 years of rental income. Survived Ian unscathed. Everything is brand new and not just the things you see, but the bones of the house were fixed. The lot size takes everyone's breath away once they see it. We have a great neighborhood and neighbors. I love how close this is to the yauct club. The new yacht club is going to be out of this world. It is good to get in before that is finished. We are aware that prices will go up again as rates come down, but we want to make a move so we are willing to sell now. This can be kept at a rental or it is move in ready.
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