• MLS® #: 218082221
  • 1508 Sw 48th Ter

  • CAPE CORAL, FL 33914
  • $615,000 REDUCED
  • 4 Beds, 4 Bath, 2996 , 0.23 Acres
  • Residential
  • Office: Premier Palm Properties Llc

PROFITABLE VACATION RENTAL INVESTMENT! Yearly gross rental income of $70,000. Buyer will receive pre-booked rental contracts and payments of approximately $55,000 at closing. Sailboat/direct gulf access 2 story home, set-up as a 5 bedroom, 3.5 bath, including pool, spa, boat dock – southern exposure too! Located in South West Cape Coral and located within 5 minutes walking distance to Camelot Shopping Center, with several stores and restaurants. And only 15 minutes by boat to Cape Harbour Yacht Club and Marina and Tarpon Point Marina with several waterfront restaurants, shopping & night life. Turnkey home, will accept offers for all contents – even a 24’ Hurricane deck boat! No bridges! No locks! DIRECT SAILBOAT GULF ACCESS. SOUTHERN exposure, waterfront 5 bedroom, 3.5 baths pool home with boat dock. A True boater’s paradise. This home is located in one of the newer developed, attractive and popular areas of Cape Coral. Enjoy boat rides to several waterfront restaurants at Tarpon Point Marina and Cape Harbour Yacht Club. Your access to the river is through a deep/main sailboat access canal, one of the closest waterways with direct gulf access to the Gulf of Mexico.

Essential Information

  • MLS® #218082221
  • Price$615,000
  • Bedrooms4
  • Bathrooms4.00
  • Full Baths3
  • Half Baths1
  • Square Footage2,996
  • Acres0.23
  • Year Built1992
  • TypeResidential
  • Sub-TypeSingle Family
  • Style2 Story
  • StatusActive
  • HOA Fee$0
  • Master HOA Fee$0
  • Condo Fee$0
  • Taxes$8,889
  • Tax Year2017

Community Information


CC21 - Cape Coral Unit 3,30,44,6


  • AmenitiesSee Remarks
  • Parking2+ Spaces
  • # of Garages2
  • GaragesAttached
  • ViewCanal, Landscaped Area, Water
  • Is WaterfrontYes
  • WaterfrontCanal, Navigable, Seawall
  • Gulf AccessYes
  • Has PoolYes


Below Ground, Concrete, Equipment Stays, Heated Electric, Heated Solar, Pool Bath, Screened


  • HeatingCentral Electric
  • CoolingCeiling Fans, Central Electric
  • FireplaceYes
  • # of Stories2

Interior Features

High Speed Available, Laundry Tub, Pantry, Vaulted Ceiling, Volume Ceiling, Window Coverings, Fireplace


Auto Garage Door, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator/Icemaker, Smoke Detector, Washer, Intercom, Self Cleaning Oven


  • ExteriorStucco
  • Exterior FeaturesSprinkler Auto
  • Lot DescriptionRegular
  • WindowsSingle Hung, Sliding, Arched
  • RoofTile
  • ConstructionConcrete Block

School Information

  • ElementarySCHOOL CHOICE

Additional Information

  • Date ListedDecember 14th, 2018
  • Days on Market217
  • ZoningR1-W

Property Location

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The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.

Listing information last updated on July 20th, 2019 at 2:11pm EDT.