$149,900
2 Bed Waterfront Home for Sale in Cape Coral
909 SE 46th Lane 202, Cape Coral, FL, 33904
About this home
Welcome to Cape Palm Condos, where easy living is right at your doorstep and the fabulous location puts you in the walkable downtown setting of Cape Coral. Enjoy the best of Florida living with a fully screened lanai overlooking the pool and fast Gulf access from your backyard. This spacious 2 bedroom, 2 bathroom unit has been remodeled to include tile flooring, thoughtful updates in the kitchen, a coastal color scheme and a new water heater (Dec 2025). The primary bedroom is en-suite including a giant walk-in closet and tiled shower. Living in downtown Cape Coral puts you a short walk from many restaurants and bars, the weekly farmers market or your morning coffee. The community enjoys a heated pool with lounge chairs, BBQ area, concrete community dock space to tie off your boat, Community Laundry Room, ample guest parking and water/sewer included. Only 30 minutes to RSW. The opportunity awaits you! Stop by to take a tour today.
Property details
- Type
- Condominium
- Year built
- 1973
- Interior
- 1,005 sqft
- Lot size
- 7,840.8 sqft
- Acreage
- 0.18 acres
- Garage
- None
- Days on market
- 340
- Total association fees
- $6,120/yr (~$510/mo)
- CDD
- None
- Est. taxes (1.4%)
- $2,099/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- 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
- 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 5 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 |
|---|---|---|---|---|---|
| 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 |
| 806 SE 46th Street 1F | Jun 2026 | $158,000 | 2/2 | 1,199 | $132 |
| 806 SE 46th Street 1E | Oct 2025 | $149,000 | 2/2 | 1,199 | $124 |
| 4912 Vincennes Street 108 | Feb 2026 | $145,000 | 2/2 | 1,094 | $133 |
| Average | 5 comps | $152,600 | $132 |
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 $38,100 (20.3%) from the original list price.
| Jul 3, 2026 | Price reducedfrom $156,000 | $149,900 |
| May 5, 2026 | Back on market | |
| Jul 29, 2025 | Listed | $188,000 |
The good, the trade-offs & the location
- Waterfront
- 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
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.