$199,900
2 Bed Waterfront Home for Sale in Cape Coral
4510 SE 5th Place 202, Cape Coral, FL, 33904
About this home
BUYER INCENTIVE: Lender Offering 1% lender credit toward closing costs, subject to buyer qualification and lender approval. Enjoy waterfront living in this well-maintained 2 bedroom, 2 bath second-floor condo with sweeping views of the 200-foot wide Rubicon Gulf-access canal. This Turnkey furnished unit offers a bright, comfortable layout with a screened lanai overlooking the water, an in-unit laundry for convenience, and a relaxed coastal feel that makes it an ideal seasonal getaway or full-time retreat. The community features a sparkling pool, beautifully kept grounds. This unit is located in a prime location just minutes from downtown Cape Coral, you’re close to shopping, restaurants, entertainment, and have quick access to Fort Myers through the Cape Coral Bridge. This condo delivers everything you want in a Florida waterfront lifestyle—easy boating, great walkability, and peaceful water views that never get old.
Property details
- Type
- Condominium
- Year built
- 1988
- Interior
- 1,022 sqft
- Lot size
- Not specified
- Acreage
- Not specified
- Garage
- None
- Days on market
- 7
- Total association fees
- $6,400/yr (~$533/mo)
- CDD
- None
- Est. taxes (1.4%)
- $2,799/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- Impact Windows/Doors
- Exposure
- West
- Waterfront
- Yes
- 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 5 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 |
|---|---|---|---|---|---|
| 4543 SE 6th Place 1D | May 2026 | $210,000 | 2/2 | 1,216 | $173 |
| 4563 SE 5th Place 205 | Aug 2026 | $195,000 | 2/2 | 1,170 | $167 |
| 4525 Country Club Boulevard 207 | Feb 2026 | $170,000 | 2/2 | 1,195 | $142 |
| 4515 Country Club Boulevard 103 | Mar 2026 | $225,000 | 2/2 | 1,195 | $188 |
| 4616 SE 5th Place 107 | Dec 2025 | $210,000 | 2/2 | 976 | $215 |
| Average | 5 comps | $202,000 | $177 |
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 $9,900 (5%) from the original list price.
| Jan 12, 2026 | Sold | $190,000 |
| Nov 25, 2025 | Listed | $199,900 |
The good, the trade-offs & the location
- Waterfront
- Storm protection: Impact Windows/Doors
- Built 1988 — 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
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.