$265,000
2 Bed Waterfront Home Sold in Cape Coral
1793 Four Mile Cove Parkway 724, Cape Coral, FL, 33990
About this home
Waterfront. Gated. Gulf Access. 10K Boat slip/lift - N47 - available to sell separately. A Lifestyle That Feels Like Vacation Every Day. Welcome to Island Cove of Cape Coral — a vibrant, gated waterfront community where neighbors become friends, winter months come alive with social gatherings, live music, pickleball matches, poolside afternoons, and sunset cruises, and every day feels like a coastal retreat. This beautifully maintained 2-bedroom, 2-bath residence offers direct, no-bridge Gulf access just minutes to open water, making it a dream location for boating enthusiasts, anglers, and anyone who loves life on the water. Spend less time navigating canals and more time enjoying Southwest Florida’s world-famous boating destinations. For those looking to complete the ultimate boating lifestyle, there is an opportunity to purchase a private boat slip, lift, and boat box separately from the owners of this unit. Boat slips and lifts are privately owned by individual owners and are not deeded to the property. Ownership of a residence within the gates of Island Cove is required in order to purchase a boat slip within the community marina. Even if boating isn’t your passion, the peaceful canal views, tropical landscaping, and relaxing waterfront atmosphere create the perfect escape from everyday life. Inside the residence has been freshly painted. Thoughtfully designed for easy living, featuring two full baths, full-size in-unit laundry, updated appliances, a convenient hide-away murphy bed wall unit in the guest room and the comfort of solid concrete block construction with impact-resistant windows and doors for peace of mind. Water Heater and AC are 2021 with AC transferable warranty with 5 years remaining, dryer vent cleaned 2025. Island Cove residents enjoy resort-style amenities including a heated pool and spa, clubhouse, tennis and pickleball courts, shuffleboard, scenic walking paths, and an active social calendar that truly shines during season. Covered carport parking and low HOA fees add even more appeal. Flexible leasing options allow up to 12 leases per year with 30-day minimums, offering excellent seasonal flexibility or investment potential. Pets are welcome, including large dogs. Perfectly positioned between Cape Coral’s two main bridges off Del Prado Boulevard, Island Cove offers convenient access to downtown Fort Myers, waterfront dining, shopping, entertainment, Fort Myers Beach, Sanibel Island, and Southwest Florida International Airport. The beaches and islands are easily accessible by boat - Captiva, Boca Grande, Pine Island just to name a few. Your life, your boat, your adventure! Let's make it happen!! Quick close available. Come experience why so many residents say Island Cove isn’t just a community — it’s a lifestyle.
Property details
- Type
- Condominium
- Year built
- 2004
- Interior
- 1,226 sqft
- Lot size
- 9,879.408 sqft
- Acreage
- 0.23 acres
- Garage
- None
- Days on market
- 96
- Total association fees
- $7,200/yr (~$600/mo)
- CDD
- None
- Est. taxes (1.4%)
- $3,710/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 9 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 |
|---|---|---|---|---|---|
| 1793 Four Mile Cove Parkway 723 | Sep 2026 | $257,000 | 2/2 | 1,226 | $210 |
| 1791 Four Mile Cove Parkway 625 | Aug 2026 | $261,000 | 3/2 | 1,330 | $196 |
| 1791 Four Mile Cove Parkway 644 | Nov 2025 | $275,000 | 2/2 | 1,226 | $224 |
| 1797 Four Mile Cove Parkway 1034 | Dec 2025 | $235,000 | 2/2 | 1,226 | $192 |
| 1789 Four Mile Cove Parkway 514 | Aug 2026 | $280,000 | 2/2 | 1,226 | $228 |
| 1789 Four Mile Cove Parkway 525 | May 2026 | $250,000 | 3/2 | 1,330 | $188 |
| Average | 6 comps | $259,667 | $206 |
Market trends, Island Cove of Cape Coral (Pondella)
Live community medians from the MLS · see all listings. Indicative, not an appraisal.
Price & status history
| Sep 9, 2026 | Sold | $275,000 |
| Jul 17, 2026 | Price reducedfrom $275,000 | $265,000 |
| May 11, 2026 | Listed | $275,000 |
The good, the trade-offs & the location
- Built 2004 — post-2002 Florida wind codes (typically lower insurance)
- Waterfront
- Storm protection: Impact Windows/Doors
- 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.