$165,000
2 Bed 2 Bath Pool Waterfront Condominium for Sale in MERMAID CONDO, FL
806 SE 46th Street 1F, Cape Coral, FL, 33904
About this home
Own Your Piece of Paradise! Perfect for a winter get away or year round. Move right in because it is being sold Turn Key. All furniture and non personal items stay. Large Lanai with easy access to the pool with no stairs. This first floor unit is an end unit to add more privacy. The "Mermaid Condominium" has a great location on a gulf access canal and walking distance to town. Many upgrades including the kitchen, electric and flooring. Large bedrooms with plenty of closet space. There is also a bonus room (5.5'X8') which can be a storage room, work shop or small office. The Lanai stretches almost the width of the unit with all tile floors, removable widows and perfect for eating, relaxing and entertainment. The Kitchen was updated with granite countertops, wood cabinets, stainless steel appliances and a pantry. The living room and dining room opens up to the lanai. The hallway leads to another pantry, linen closets, Laundry closet, Full Bath, bonus room and both Bedrooms for more privacy. You have a carport space and an outside storage closet close to your front door. The HOA has a new roof and plenty of reserves. Don't let this one get away!
Property details
- Type
- Condominium
- Year built
- 1979
- Interior
- 1,199 sqft
- Lot size
- 7,562.016 sqft
- Acreage
- 0.17 acres
- Garage
- None
- Days on market
- 32
- Total association fees
- $6,720/yr (~$560/mo)
- CDD
- None
- Est. taxes (1.4%)
- $2,310/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- Southwest
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- Yes
- Spa
- No
- Natural gas
- No
- Water
- Assessment Paid
- Sewer
- Public Sewer
- 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 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 |
|---|---|---|---|---|---|
| 806 SE 46th Street 1E | Oct 2025 | $149,000 | 2/2 | 1,199 | $124 |
| 834 SE 46th Street A1 | Apr 2026 | $150,000 | 2/2 | 1,148 | $131 |
| 834 SE 46th Street 1C | Jun 2026 | $161,000 | 2/2 | 1,158 | $139 |
| 920 SE 46th Street 1 | Jun 2026 | $179,000 | 2/2 | 1,101 | $163 |
| 1016 SE 46th Street 203 | Mar 2026 | $165,000 | 2/2 | 1,187 | $139 |
| 4549 SE 5th Place 211 | Feb 2026 | $185,000 | 2/2 | 1,019 | $182 |
| Average | 6 comps | $164,833 | $146 |
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 $7,000 (4.2%) from the original list price.
| Jun 18, 2026 | Sold | $158,000 |
| Apr 18, 2026 | Back on market | |
| Mar 26, 2026 | Listed | $165,000 |
The good, the trade-offs & the location
- Private pool
- Waterfront
- Built 1979 — 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.