$229,000
2 Bed Condominium Sold in Fairway Villas
4013 Palm Tree Boulevard 401, Cape Coral, FL, 33904
About this home
Rarely available 4th-floor penthouse corner unit in the highly desirable gated community of Banyan Trace. Boasting the largest floor plan in the community, this spacious 2-bedroom plus den, 2-bath condo offers approximately 1,391 square feet under air with a split-bedroom design, soaring cathedral ceilings, and the added light and privacy that only an end unit can provide. The open main living area flows seamlessly to the spacious screened corner lanai with electric roll-down shutters, where you can relax and enjoy peaceful wooded landscape views with excellent privacy. Inside, the open-concept layout features a functional kitchen with breakfast bar, spacious living and dining areas, a den offering flexible living space, and a convenient in-residence laundry area with new washer and dryer. Newly painted interiors, tile flooring throughout, and updated appliances enhance the home’s stylish, move-in-ready appeal. The primary suite features a large walk-in closet and en-suite bath with dual sinks and shower. Additional highlights include elevator access, covered parking, and a large private storage unit just steps from the condo. Residents of Banyan Trace enjoy outstanding amenities including a community pool and spa, tennis, pickleball, bocce, clubhouse, fitness room, and BBQ/picnic area, all just minutes from downtown Cape Coral’s shopping, dining, and entertainment.
Property details
- Type
- Condominium
- Year built
- 2004
- Interior
- 1,391 sqft
- Lot size
- 11,308.176 sqft
- Acreage
- 0.26 acres
- Garage
- None
- Days on market
- 117
- Total association fees
- $8,156/yr (~$680/mo)
- CDD
- None
- Est. taxes (1.4%)
- $3,206/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- East
- Waterfront
- No
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Public
- Sewer
- Public Sewer
- New construction
- No
- Pets
- Call, Conditional
- County
- Lee
Total association fees sums the core association dues the MLS feed provides (HOA, condo/master association, and land lease), normalized to a yearly figure. These are separate from and additional to specialty charges, mandatory club or food-and-beverage minimums, special assessments, and rec-lease fees, which the IDX feed does not carry. Always confirm the full fee schedule with the HOA or listing agent.
Maintenance included in the fee
What the association dues cover, per the MLS. Confirm the full schedule with the HOA.
Amenities
Flood risk shown is an area-level estimate and can differ from a specific unit's actual FEMA designation (which varies by structure and elevation). Look up this address on the FEMA Flood Map and verify with a licensed insurance agent before relying on it.
Based on the $/sqft of 20 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.
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Recently sold nearby
Closed comparable sales within ~1 mile in the last 12 months, similar price, size, beds/baths, and age.
| Address | Sold | Sold price | Beds/Baths | Sq ft | $/sqft |
|---|---|---|---|---|---|
| 4005 Palm Tree Boulevard 307 | Apr 2026 | $185,000 | 2/2 | 1,216 | $152 |
| 4005 Palm Tree Boulevard 407 | Apr 2026 | $190,000 | 2/2 | 1,216 | $156 |
| 3926 Palm Tree Boulevard | Feb 2026 | $260,000 | 3/2 | 1,365 | $190 |
| 4321 Country Club Boulevard 207 | Mar 2026 | $226,000 | 2/2 | 1,289 | $175 |
| 4001 SE 10th Avenue | Oct 2025 | $280,000 | 3/2 | 1,559 | $180 |
| 4033 Country Club Boulevard | Jun 2026 | $175,000 | 3/2 | 1,329 | $132 |
| Average | 6 comps | $219,333 | $164 |
Market trends, Cape Coral
Median of closed MLS sales each month over the available window. Months with too few sales are omitted; the range extends automatically as more sales close.
Live area medians from the MLS · see all listings. Indicative, not an appraisal.
Price & status history
Down $30,000 (12.8%) from the original list price.
| Sep 2, 2026 | Sold | $205,000 |
| May 14, 2026 | Price reducedfrom $235,000 | $229,000 |
| Apr 13, 2026 | Listed | $235,000 |
The good, the trade-offs & the location
- Built 2004 — post-2002 Florida wind codes (typically lower insurance)
- In a higher-risk flood zone (AE) — flood insurance likely required
- No garage listed
Straight-line distances to major SWFL amenities, approximate; actual drive times vary.
Nearby schools
Get more information on their programs, scores, and extracurriculars on each school's page · browse the full schools directory.
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Listing information is provided in part by the Florida Gulf Coast Multiple Listing Service (MLS) through its Broker Reciprocity / Internet Data Exchange (IDX) program. Properties displayed may be listed by brokerages other than SWFL Relocation Team. Data is deemed reliable but is not guaranteed accurate by the MLS or this brokerage and should be independently verified. Fees, flood zones, taxes, square footage, and school assignments are estimates from the feed and must be confirmed. © 2026 SWFL Relocation Team. All rights reserved.