$216,900
2 Bed Waterfront Home for Sale in Cape Coral
4260 SE 20th Place 502, Cape Coral, FL, 33904
About this home
Wake up to sunrises and unwind with sunsets overlooking the Caloosahatchee River. This light and bright 2-bedroom, 2-bath 5th-floor waterfront condo offers sweeping southwest views of the river and intersecting canals, where dolphins, manatees, and stingrays are often part of the daily scenery. Located riverside in the well-maintained River Towers community at the end of palm-tree-lined Beach Parkway, this condo is priced to sell and allows room for updating while staying within budget—a fantastic opportunity to personalize a riverfront home to your taste. The balcony extends the living area, creating a comfortable space to relax and take in the views. The unit features tile flooring throughout, a whole-house water purifier, and washer and dryer inside the unit, and is offered fully furnished for an easy transition. River Towers offers a true waterfront lifestyle with a heated riverside pool, tiki hut, fishing pier, grilling areas, shuffleboard, library, and community rooms. Kayak launch and storage rack is coming soon. Each unit includes one assigned parking space, ample guest parking, and a 10x10 ground-floor storage unit, plus community laundry for oversized items. Boat docks are available on a first-come, first-served basis. This 55+ community is non-smoking, no pets, and ideal for seasonal enjoyment or comfortable year-round living. When it comes to location, this one truly delivers. Enjoy walking distance to the soon-to-reopen Jaycee Park, where Beach Parkway leads directly to the riverfront and scenic walking and biking paths. Live life on the river with daily walks, bike rides, and sunset strolls right next door.
Property details
- Type
- Condominium
- Year built
- 1973
- Interior
- 1,065 sqft
- Lot size
- Not specified
- Acreage
- Not specified
- Garage
- None
- Days on market
- 164
- Total association fees
- $8,268/yr (~$689/mo)
- CDD
- None
- Est. taxes (1.4%)
- $3,037/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- Impact Windows/Doors
- Exposure
- South
- 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
- 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 6 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 |
|---|---|---|---|---|---|
| 4280 SE 20th Place 402 | Aug 2026 | $185,000 | 2/2 | 1,065 | $174 |
| 4280 SE 20th Place 802 | Dec 2025 | $247,000 | 2/2 | 1,065 | $232 |
| 1926 SE 43rd Street 217 | Aug 2026 | $215,000 | 2/2 | 1,004 | $214 |
| 1912 SE 43rd Street 210 | Mar 2026 | $210,000 | 2/2 | 1,004 | $209 |
| 4116 SE 19th Avenue 102 | Jun 2026 | $190,000 | 2/2 | 1,117 | $170 |
| 4013 SE 19th Place 101 | Jan 2026 | $205,000 | 2/2 | 1,166 | $176 |
| Average | 6 comps | $208,667 | $196 |
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 $20,000 (8.9%) from the original list price.
| Aug 19, 2026 | Sold | $205,000 |
| Mar 27, 2026 | Price reducedfrom $225,000 | $216,900 |
| Feb 4, 2026 | Listed | $225,000 |
The good, the trade-offs & the location
- Waterfront
- Storm protection: Impact Windows/Doors
- Built 1973 — 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.