5322 Colonade CT , CAPE CORAL, 33904

Property Description

Discover a remarkable opportunity to own a prime piece of property with direct Gulf access, just minutes away from open water, nestled in the highly sought-after Yacht Club neighborhood! The city of Cape Coral is committing over $80 million to enhance the Yacht Club, Beach, and Marina, making this the perfect time to invest in your slice of paradise.This property presents the ideal canvas for your dream home or an investment property. The recently installed seawall features 10-foot panels, elevating the overall height by nearly 2 feet and providing an added layer of security.Please be aware that the existing structure sustained significant damage during Hurricane Ian and may be subject to the FEMA 50/50 rule, which could restrict renovations unless the structure is elevated to meet FEMA height requirements. We recommend consulting with an attorney or the City of Cape Coral's permitting department for further guidance. Don’t miss your chance to create your ideal waterfront lifestyle!