Score
0Cape Coral, FL
209 Bayshore Dr
470K
3 beds
2 baths
1,958 sqft
3 bd • 2 ba • 1,958 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$470,000
Price/Sq.Ft
$240
Year Built
1975
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This property offers excellent value at $240/sqft, which is approximately 20% below the Cape Coral average of $300/sqft for similar homes. The spacious 1,958 sqft layout is about 15% larger than the typical 3-bedroom home in the area. Recent renovations add significant value, including a complete remodel with high-end finishes like quartz countertops and stainless steel appliances. The 2020 roof update ($15,000-$20,000 value) and 2021 AC replacement ($5,000-$7,000 value) reduce near-term maintenance costs. The property's location near million-dollar riverfront homes suggests strong neighborhood value and potential for appreciation. The screened pool and paver deck offer resort-style living, a feature that typically commands a 5-10% premium in the Cape Coral market.
The Bad
The property's age (built in 1975) may require additional maintenance despite recent updates. The extreme flood risk (9/10) and wind risk (10/10) scores are significantly higher than the area averages, likely resulting in insurance premiums 30-40% above standard rates. The estimated $1,692/year insurance cost seems low given these risk factors and may not include flood insurance. The property has been on the market for 76 days, which is above the Cape Coral average of 60 days, suggesting potential pricing or condition issues. The recent price reduction of 4.1% indicates possible overpricing initially.
The Ugly
The extreme flood risk (FEMA Zone AE) poses a significant threat to the property's long-term value and livability. Annual flood insurance could cost $2,000-$4,000 or more, substantially increasing the total cost of ownership. The extreme heat risk (10/10) with 7 days/year over 107°F could lead to higher energy costs and potential health risks. The property's sale history shows high volatility, with a 197.1% increase from 2014 to 2020, which may not be sustainable. The total monthly ownership costs could be very high: assuming a 20% down payment on a 30-year mortgage at 6.5% interest, monthly costs could reach $4,500+ ($2,400 mortgage + $800 property tax + $400 insurance + $300 utilities + $600 maintenance/HOA), requiring an annual income of $180,000+ using the 30% rule.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is best suited for upper-middle-class buyers with household incomes above $180,000 who prioritize space and luxury finishes. It's ideal for families or retirees who value entertainment spaces and pool living. The property could appeal to investors looking for short-term rentals, as the three-bedroom layout and pool are attractive for vacation rentals, with potential monthly rates of $3,500-$4,000 based on local averages. The recent updates make it suitable for buyers who want a move-in ready home without immediate renovation needs.
Not For
This property is not suitable for first-time homebuyers or those with limited budgets due to high ownership costs. It's not ideal for investors seeking low-risk, stable long-term appreciation due to the extreme climate risks. The property isn't appropriate for those with mobility issues or seniors concerned about maintenance, as the pool and large layout require significant upkeep. Buyers highly sensitive to heat or with respiratory issues should be cautious due to the extreme heat risk and potential for algae blooms affecting air quality.
Demographics
Area Median Income
$55,026
Property History
Price History
Ownership Timeline
$0Cash Purchase
Nov 22, 2023Charles Michael Snover, Gabriela Renata GattiCharles M Snover, Gabriela R Gatti
Intrafamily Transfer
Non-Arm's Length Transactions
$379,500Financed
Nov 30, 2020Gary M Makkay, Mary Ann MakkayCharles Michael Snover Jr, Gabriela Renata Gatti
Warranty Deed
Standard Sale (Purchase/Resales)
$138,000Financed
Aug 11, 2014Michelle M KafkaGary M Makkay, Mary Ann Makkay
Warranty Deed
Standard Sale (Purchase/Resales)
$325,000Financed
Sep 15, 2006Charles A Webb, Patsy L WebbMichelle M Makkay
Warranty Deed
Standard Sale (Purchase/Resales)
$162,000Financed
Apr 12, 2001Linda M VierkCharles A Webb, Patsy L Webb
Warranty Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Aug 20, 1997Linda Virek, Linda M VierkLinda M Vierk Rev Living Tr, Linda M Vierk
Quit Claim Deed
Non-Arm's Length Transactions
Property Taxes
$3,966
2023 Tax Assessment
16.1%from previous year
Assessed Value$240,502
Tax Rate1.65%
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
5.7/10
AverageMiddle
6.4/10
GoodHigh
4.8/10
AverageFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$1,134
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$470,000
Price/sqft
$240
Layout
3 bd•2 ba
Days on market
76 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$572,500
17.9%
Your price is 17.9% below average
Median Price
$725,000
35.2%
Based on 6 recent sales
Price per Sq.Ft
$286
16.1%
Your price is 16.1% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 5234 Sarasota CT, CAPE CORAL, FL 33904 | $420,000 | 1,992 | 3 | 2 | $21112.2% | 12/7/2024 |
| 5234 Sarasota CT, CAPE CORAL, FL 33904 | $420,000 | 1,992 | 3 | 2 | $21112.2% | 12/7/2024 |
| 5234 Sarasota Court, Cape Coral, FL 33904 | $420,000 | 1,992 | 3 | 2 | $21112.2% | 12/7/2024 |
| 418 SW 49TH LANE, CAPE CORAL, FL 33914 | $725,000 | 2,010 | 3 | 2 | $36150.3% | 11/6/2024 |
| 418 SW 49th LN, CAPE CORAL, FL 33914 | $725,000 | 2,010 | 3 | 2 | $36150.3% | 11/6/2024 |
| 418 SW 49th LN, CAPE CORAL, FL 33914 | $725,000 | 2,010 | 3 | 2 | $36150.3% | 11/6/2024 |
5234 Sarasota CT, CAPE CORAL, FL 33904
Price: $420,000
Sq.Ft: 1,992
Beds/Baths: 3/2
$/Sq.Ft:
$21112.2%
Sale Date: 12/7/2024
5234 Sarasota CT, CAPE CORAL, FL 33904
Price: $420,000
Sq.Ft: 1,992
Beds/Baths: 3/2
$/Sq.Ft:
$21112.2%
Sale Date: 12/7/2024
5234 Sarasota Court, Cape Coral, FL 33904
Price: $420,000
Sq.Ft: 1,992
Beds/Baths: 3/2
$/Sq.Ft:
$21112.2%
Sale Date: 12/7/2024
418 SW 49TH LANE, CAPE CORAL, FL 33914
Price: $725,000
Sq.Ft: 2,010
Beds/Baths: 3/2
$/Sq.Ft:
$36150.3%
Sale Date: 11/6/2024
418 SW 49th LN, CAPE CORAL, FL 33914
Price: $725,000
Sq.Ft: 2,010
Beds/Baths: 3/2
$/Sq.Ft:
$36150.3%
Sale Date: 11/6/2024
418 SW 49th LN, CAPE CORAL, FL 33914
Price: $725,000
Sq.Ft: 2,010
Beds/Baths: 3/2
$/Sq.Ft:
$36150.3%
Sale Date: 11/6/2024
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