$164,900
2 Bed Waterfront Home for Sale in Cape Coral
4534 SE 5th Place 11, Cape Coral, FL, 33904
About this home
MOTIVATED SELLER for this beautiful GULF ACCESS Condo in the Heart of Downtown Cape Coral Turnkey Furnished | Covered Parking | Walkable Location Discover Florida living at its best in this spacious 2-bedroom, 2-bath Gulf access condo, ideally located just minutes from Downtown Cape Coral. Walk or bike to the area’s best restaurants, nightlife, and shopping while enjoying serene Rubicon Canal views right from your home. This move-in-ready, turnkey furnished residence features luxury vinyl plank flooring throughout and a bright, open kitchen with granite countertops, stainless steel appliances, and ample cabinetry—perfect for both everyday living and entertaining. Relax on the screened patio overlooking the canal, complete with a large private storage area, or take advantage of the in-unit washer and dryer for added convenience. Additional highlights include covered parking, and a well-maintained, friendly community offering a heated pool and community dock. Flexible, low-maintenance, and perfectly located—this condo is ideal as a primary residence, seasonal retreat, or investment opportunity. There is a brand new water heater that got changed 3 weeks ago. Schedule your private showing today and start living the Southwest Florida lifestyle.
Property details
- Type
- Condominium
- Year built
- 1982
- Interior
- 1,026 sqft
- Lot size
- Not specified
- Acreage
- Not specified
- Garage
- None
- Days on market
- 91
- Total association fees
- $3,000/yr (~$250/mo)
- CDD
- None
- Est. taxes (1.4%)
- $2,309/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- West
- 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 7 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 |
|---|---|---|---|---|---|
| 4549 SE 5th Place 211 | Feb 2026 | $185,000 | 2/2 | 1,019 | $182 |
| 4525 Country Club Boulevard 110 | Jan 2026 | $167,500 | 2/2 | 1,195 | $140 |
| 4525 Country Club Boulevard 207 | Feb 2026 | $170,000 | 2/2 | 1,195 | $142 |
| 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 |
| 834 SE 46th Street A1 | Apr 2026 | $150,000 | 2/2 | 1,148 | $131 |
| Average | 6 comps | $163,250 | $142 |
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 $22,900 (12.4%) from the original list price.
| Jun 1, 2026 | Sold | $162,000 |
| Apr 17, 2026 | Price reducedfrom $169,900 | $164,900 |
| Feb 22, 2026 | Back on market | |
| Dec 26, 2025 | Listed | $184,900 |
The good, the trade-offs & the location
- Waterfront
- Built 1982 — 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.