$275,000
2 Bed 2 Bath Waterfront Condominium for Sale in PELICAN MARINA, FL
403 SW 47th Terrace 203, Cape Coral, FL, 33914
About this home
BOAT SLIP & FURNITURE INCLUDED! SMALL, PET FRIENDLY, FINANCIALLY SOUND COMMUNITY! Nestled in a rarely available, small, pet friendly, Gulf-access community, this stunning property offers the perfect blend of luxury, convenience, and serene waterfront living in SW Cape Coral. The freshly painted exterior and BRAND NEW tile roof set the stage for this meticulously maintained community. Step inside and discover a thoughtfully designed layout with HIGH vaulted ceilings, crown molding throughout, and tile flooring in the main living areas, while cozy carpet adds comfort to the bedrooms. The modern kitchen features granite countertops, a breakfast bar, maple cabinets, recessed lighting, and a large walk-in pantry that doubles as a laundry room with extra storage. The spacious living room is perfect for entertaining, while the den with frosted glass doors adds a stylish and functional flex space. Decorative niches throughout the home add unique character and charm. Relax on your screened, tiled balcony overlooking the heated pool and canal, complete with impact sliding doors AND electric shutters for added security and peace of mind. Outdoor enthusiasts will love the boat slip, dock, and captain’s walk, providing boating access to the Gulf of Mexico. The main suite is a spacious private oasis with views of the water, a large walk-in closet with attic access, and a luxurious en-suite bathroom featuring a floor-to-ceiling tiled shower with decorative listello, dual sinks, and a linen closet. Watch manatees and dolphins year-round right outside your back door, making this home a true coastal paradise. You deserve everything that SWFL has to offer: temperate weather year round, boating, kayaking, jet skiing, world class fishing and white sandy beaches at your fingertips!
Property details
- Type
- Condominium
- Year built
- 2007
- Interior
- 1,747 sqft
- Lot size
- 25,717.824 sqft
- Acreage
- 0.59 acres
- Garage
- None
- Days on market
- 77
- Total association fees
- $8,120/yr (~$677/mo)
- CDD
- None
- Est. taxes (1.4%)
- $3,850/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- Impact Windows/Doors
- Exposure
- North
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Assessment Paid
- Sewer
- Assessment Paid
- 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 8 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.
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Your notes on this home
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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 |
|---|---|---|---|---|---|
| 237 SW 48th Terrace | Dec 2025 | $290,000 | 3/2 | 1,755 | $165 |
| 4618 SW 6th Place | Nov 2025 | $335,000 | 3/2 | 1,633 | $205 |
| 4413 SW 6th Place | Sep 2025 | $315,000 | 3/2 | 1,675 | $188 |
| 238 SW 43rd Terrace | Jun 2026 | $310,000 | 3/2 | 1,672 | $185 |
| 234 SW 43rd Terrace | Mar 2026 | $322,000 | 3/2 | 1,713 | $188 |
| 218 SW 43rd Terrace | Aug 2025 | $319,000 | 3/2 | 1,697 | $188 |
| Average | 6 comps | $315,167 | $187 |
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 $25,000 (8.8%) from the original list price.
| Jan 8, 2026 | Sold | $260,000 |
| Nov 20, 2025 | Price reducedfrom $285,000 | $275,000 |
| Sep 22, 2025 | Listed | $285,000 |
The good, the trade-offs & the location
- Built 2007 — post-2002 Florida wind codes (typically lower insurance)
- Waterfront
- Storm protection: Impact Windows/Doors
- 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.