$159,000
2 Bed 2 Bath Waterfront Condominium for Sale in CARDINAL COVE, FL
5421 Peppertree Drive 3, Fort Myers, FL, 33908
About this home
Welcome to Cardinal Cove at Peppertree Pointe - where relaxed Southwest Florida living meets effortless comfort. This first-floor 2 bedroom, 2 bathroom condo offers tranquil lake views and a seamless indoor-outdoor lifestyle, highlighted by a screened lanai strung with ambient lighting - perfect for unwinding at sunset or entertaining with a peaceful water backdrop. Inside, the home features a clean, coastal aesthetic with tile flooring throughout and a spacious, open-concept living and dining area filled with natural light. The kitchen is well-appointed with wood cabinetry, granite countertops, newer appliances, and a convenient pass-through to the dining space, creating an easy flow for everyday living. Both bathrooms were tastefully renovated in 2020/2021, showcasing tiled showers, updated vanities, modern mirrors, and upgraded lighting. Additional improvements include a 2020 A/C system, 2020 water heater, updated furnishings (2020), and new blinds installed in 2024 - offering peace of mind and move-in-ready convenience. Generous storage, large walk-in closets, and a functional layout enhance the livability of the home. Residents enjoy a wide array of amenities including a heated pool with BBQ area, tennis and shuffleboard courts, clubhouse with kitchen, billiards and library, fishing pier, and a marina with boat ramp providing access to the Caloosahatchee River. Condo fees include water and basic cable, adding to the value. Ideally located just minutes to Sanibel Island, Fort Myers Beach, Bunche Beach, shopping, dining, and everyday conveniences, this property delivers the ideal blend of location, lifestyle, and low-maintenance living.
Property details
- Type
- Condominium
- Year built
- 1976
- Interior
- 1,218 sqft
- Lot size
- 7,396.488 sqft
- Acreage
- 0.17 acres
- Garage
- None
- Days on market
- 78
- Total association fees
- $7,800/yr (~$650/mo)
- CDD
- None
- Est. taxes (1.4%)
- $2,226/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
- 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 11 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 |
|---|---|---|---|---|---|
| 7093 Quail Run Court 9B | Aug 2025 | $175,000 | 2/2 | 1,185 | $148 |
| 7113 Quail Run Court 11 | Nov 2025 | $125,000 | 2/2 | 1,028 | $122 |
| 5487 Peppertree Drive 5 | Apr 2026 | $135,000 | 2/2 | 1,092 | $124 |
| 14973 Rivers Edge Court 111 | Sep 2025 | $190,000 | 2/2 | 1,128 | $168 |
| 15655 Ocean Walk Circle 215 | May 2026 | $160,000 | 3/2 | 1,167 | $137 |
| 15979 Mandolin Bay Drive 202 | May 2026 | $195,000 | 2/2 | 1,152 | $169 |
| Average | 6 comps | $163,333 | $145 |
Market trends — Fort Myers
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 $33,000 (17.8%) from the original list price.
| Jul 7, 2026 | Sold | $152,000 |
| May 11, 2026 | Price reducedfrom $185,000 | $159,000 |
| Mar 31, 2026 | Listed | $185,000 |
The good, the trade-offs & the location
- Waterfront
- Storm protection: Impact Windows/Doors
- Built 1976 — 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.