$299,900
2 Bed Waterfront Home for Sale in Rivers Condo, FL, $299,900
4013 SE 20th Place 505, Cape Coral, FL, 33904
About this home
THIS PENTHOUSE VIEW DOESN’T WHISPER… IT’S A SHOW-OFF. Commanding panoramic water views from nearly every angle, this 5TH-FLOOR PENTHOUSE places you in a front-row seat to the ever-changing beauty of the CALOOSAHATCHEE RIVER. With NO NEIGHBORS ABOVE and endless blue horizon stretching before you, this residence feels like your own private retreat in the sky. Nearly 1,300 sq ft of smartly designed living space makes this penthouse live more like a single-family home than a typical condo. The expansive 27’ WIDE GREAT ROOM immediately draws your attention, where large windows frame the river like a living work of art. Sunrises pour into the space, filling your home with natural light and creating a bright, open atmosphere throughout the day. Your 15’ x 7’6” tiled balcony becomes the perfect place to begin the morning with coffee over the water—much like standing on the deck of a luxury cruise ship, only without the crowds. Dolphins and manatees occasionally glide through the water below while kayakers and plenty of boaters drift peacefully along the river. The kitchen offers generous storage, granite countertops, newer appliances and a convenient pass-through to the dining area, making entertaining easy. The spacious great room-style layout creates an open, airy environment that flows effortlessly for both relaxing evenings and gatherings with friends. A split-bedroom floor plan provides privacy for guests. The primary suite serves as a comfortable retreat with balcony access, a large walk-in closet, dual sinks, walk-in shower and private commode. Evenings bring their own magic as summer storms roll across the river and holiday fireworks light up the sky, giving you front-row seats to nature’s most spectacular light show. Two additional front porch sitting areas provide even more space to relax and enjoy the peaceful surroundings. Practicality meets convenience with an in-unit laundry room, extra ground-floor storage unit and a reserved UNDER-BUILDING PARKING SPACE that keeps your vehicle cool and protected from the Florida sun. This intimate 24-UNIT COMMUNITY is tucked away at the end of a quiet cul-de-sac and surrounded by lush, park-like grounds with mature shade trees. Residents enjoy a heated pool and scenic community terrace ideal for sunset gatherings. The association has reserves and NO SPECIAL ASSESSMENTS. Upcoming fully funded improvements include a new elevator and a waterfront walking path. Next door, the BRAND NEW $16+ MILLION JAYCEE PARK opening VERY SOON will create one of Cape Coral’s most beautiful waterfront destinations, featuring a new riverfront walking trail and shaded seating areas overlooking the water. Minutes to beaches, shopping, dining, RSW Airport & more. LOCATION, LOCATION, LOCATION — the first rule of real estate. Opportunities to own a penthouse riverfront residence like this are rare. WAKE UP TO THE WATER. EVERY. SINGLE. DAY!
Property details
- Type
- Condominium
- Year built
- 1984
- Interior
- 1,295 sqft
- Lot size
- Not specified
- Acreage
- Not specified
- Garage
- 1 car
- Days on market
- 90
- Total association fees
- $8,400/yr (~$700/mo)
- CDD
- None
- Est. taxes (1.4%)
- $4,199/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- Northeast
- 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 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 |
|---|---|---|---|---|---|
| 4015 SE 20th Place 206 | Dec 2025 | $300,000 | 2/2 | 1,305 | $230 |
| 4013 SE 20th Place 205 | Oct 2025 | $324,000 | 2/2 | 1,295 | $250 |
| 4210 SE 20th Place C2 | Dec 2025 | $260,000 | 2/2 | 1,272 | $204 |
| 4115 SE 18th Place 201 | Nov 2025 | $280,000 | 2/2 | 1,362 | $206 |
| 4229 SE 19th Place 1C | Apr 2026 | $280,000 | 2/2 | 1,360 | $206 |
| 4231 SE 19th Place 1J | Apr 2026 | $275,000 | 2/2 | 1,360 | $202 |
| Average | 6 comps | $286,500 | $216 |
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 $69,900 (20%) from the original list price.
| Jul 30, 2026 | Sold | $280,000 |
| May 20, 2026 | Price reducedfrom $349,900 | $299,900 |
| Mar 6, 2026 | Listed | $349,900 |
The good, the trade-offs & the location
- Gulf access (Indirect — bridges/locks)
- Built 1984 — pre-2002 construction may carry older wind codes and higher insurance
- In a higher-risk flood zone (AE) — flood insurance likely required
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.