$350,000
2 Bed Waterfront Home for Sale in Cape Coral
5515 SW 12th Avenue 102, Cape Coral, FL, 33914
About this home
From dawn to dusk, THIS WATERFRONT living carries a TIMELESS CALM—mornings begin with sunrises and coffee on the lanai, afternoons drift by with a book you can’t put down, and evenings bring a cocktail before a leisurely cruise to dinner by boat. Life at Capstan Condos is all about the waterfront lifestyle on a stunning 200’ WIDE CANAL. Open the door to this spacious two-bedroom, two-bath retreat with covered parking and you’ll immediately notice what sets it apart. Soaring VOLUME CEILINGS and oversized windows flood the home with golden light, creating an airy, welcoming atmosphere that feels both grand and inviting. This isn’t your typical condo—it was BUILT AHEADS OF ITS TIME, with a UNIQUE DESIGN that makes the kitchen the heart of the home while still giving privacy to both the guest suite and the master retreat. The kitchen is tastefully designed with 36” wood cabinets accented by glass doors, crown and rope molding, soft close pull out drawers, granite counters, backsplash and pantry. Entertain with ease as the pass-through opens to the lanai, so you never miss the conversation—or the view. The greatroom flows effortlessly to the oversized lanai, where pocketing sliders dissolve the boundary between indoors and out. The master suite is a peaceful retreat on the water, complete with walk-in closet and a spacious bath featuring dual granite vanities with soft-close features. Guests enjoy their own private space on the opposite side of the home, ensuring comfort and privacy. This condo comes with its own ASSIGNED BOAT DOCK AND 6K LB LIFT (and new dock boards) perched on the 200’ wide Bronco Canal just around the corner from TARPON POINT and CAPE HARBOR. With only one bridge out, you’ll be enjoying the Gulf of America in no time at all. Imagine days spent cruising to Sanibel and Captiva, stopping for lunch at waterfront restaurants, fishing off your dock or simply enjoying the sight of dolphins and manatee playing in your backyard. Dinner by boat isn’t just possible—it’s YOUR NEW NORMAL. Peace of mind comes standard here!. The building has a BRAND-NEW ROOF, storm-ready doors and windows with a mix of ELECTRIC AND MANUAL ROLL DOWN SHUTTERS. NO water intrusion with any storm. Flood insurance won’t keep you up at night, with a TRANSFERABLE POLICY at just $734/year (subject to insurance co. approval). Capstan is a 55+ community known for its BEAUTIFULLY MAINTAINED GROUNDS AND WELCOMING ATMOSPHERE. Residents enjoy a heated saltwater pool, clubhouse, BBQ area, fish cleaning station, exterior storage, covered carports and pavered parking lot. Tucked among million-dollar waterfront homes, the location is as desirable as it is convenient—close to shopping, dining, marinas and just minutes out to the Caloosahatchee River & beyond. This isn’t just a condo, it’s your well-earned escape—sun-drenched mornings, barefoot boating afternoons and evenings where neighbors become friends and every sunrise feels like a celebration. SUNRISE TO SUNSET, PURE PARADISE!
Property details
- Type
- Condominium
- Year built
- 1985
- Interior
- 1,272 sqft
- Lot size
- 7,596.864 sqft
- Acreage
- 0.17 acres
- Garage
- None
- Days on market
- 85
- Total association fees
- $8,328/yr (~$694/mo)
- CDD
- None
- Est. taxes (1.4%)
- $4,900/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- East
- Waterfront
- Yes
- Gulf access
- Yes
- Gulf access type
- Indirect — bridges/locks
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Assessment Paid
- Sewer
- Assessment Paid
- New construction
- No
- Pets
- No
- 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 4 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 |
|---|---|---|---|---|---|
| 5605 SW 12th Avenue 208 | Mar 2026 | $385,000 | 2/1 | 1,272 | $303 |
| 5605 SW 12th Avenue 107 | Sep 2025 | $335,000 | 2/2 | 1,272 | $263 |
| 805 SW 52nd Street | Aug 2026 | $400,000 | 3/2 | 1,451 | $276 |
| 912 SW 48th Terrace 110 | Apr 2026 | $320,000 | 2/2 | 1,162 | $275 |
| Average | 4 comps | $360,000 | $279 |
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 $40,000 (10.7%) from the original list price.
| Jan 28, 2026 | Sold | $335,000 |
| Nov 5, 2025 | Price reducedfrom $375,000 | $350,000 |
| Sep 29, 2025 | Listed | $375,000 |
The good, the trade-offs & the location
- Gulf access (Indirect — bridges/locks)
- Built 1985 — pre-2002 construction may carry older wind codes and higher insurance
- In a higher-risk flood zone (AE) — flood insurance likely required
- No garage listed
- 55+ age-restricted community
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.