1504 El Dorado Parkway W Premium direct sailboat access and a prime Cape Harbour location make this property a standout opportunity for boaters, investors, and custom home builders alike. Situated just minutes to open water with no bridges, this southern-exposure lot offers an unbeatable waterfront lifestyle in one of Cape Coral's most sought-after neighborhoods. The existing 3-bedroom, 2-bath home was impacted by Hurricane Ian but has already been professionally remediated, creating a clean slate for its next chapter. While the home does require new drywall throughout, the major systems are in working condition, making it livable during renovation or while designing a future build. Whether you choose to renovate and personalize, generate short-term rental income, or maximize the lot value with a new luxury home, the flexibility here is unmatched. Boating enthusiasts will love the deep-water canal, generous turning basin, and two boat lifts (13, 000 lb with 32' slip + 10, 000 lb with 19' slip), perfect for larger vessels and sailboats. A spacious screened pool area enjoys abundant natural light year-round, ideal for entertaining or soaking up the Florida sun. The lush, mature landscaping and intersecting canal views set the stage for an exceptional waterfront retreat. Recent updates include a new roof (2022) with top-grade shingles, newer pool pump, hot water heater, dock improvements, and updated irrigation valves. Surrounded by luxury waterfront communities such as Cape Harbour, Tarpon Point, and The Hermitage, this address places you near some of the best dining and entertainment in SWFL-including waterfront restaurants, live music, local shops, golf courses, and exciting new developments like Bimini Square and The Cove. Whether you're envisioning your forever home with sweeping water views, an income-producing vacation rental, or a high-value new construction, this property combines location, lifestyle, and endless potential. Opportunities like this are rare-don't miss your chance to own a piece of Cape Coral's premier waterfront.