$254,000
2 Bed Waterfront Home for Sale in Cape Coral
1205 SE 46th Lane 201, Cape Coral, FL, 33904
About this home
Craving a low-maintenance waterfront lifestyle with beautiful canal views and Gulf access for your boating adventures? Welcome to your perfect coastal retreat in the highly desirable 55+ Royal Palm Condo community, where effortless Florida living meets everyday convenience. This beautifully updated 2-bedroom, 2-bath upstairs end-unit condo offers a light-filled, coastal-inspired interior with no carpet, neutral tones, and tasteful finishes throughout, creating a clean and inviting space that feels both modern and timeless. The open-concept layout flows seamlessly from the updated kitchen—featuring crisp light Grey cabinetry, sleek countertops, and bar-top seating—into the spacious living and dining areas, ideal for relaxing or entertaining. Unwind on your private screened lanai overlooking the canal, where peaceful water views and passing boats create the perfect backdrop for morning coffee or evening sunsets. The end-unit positioning provides added privacy and abundant natural light, while the thoughtfully designed layout offers comfortable living for both owners and guests. The primary suite is generously sized with an en-suite bath, and the guest bedroom is equally welcoming for visitors or seasonal stays. Boating enthusiasts will love the canal-front setting with community boat docks and slips, offering Gulf access with just one bridge to the river and approximately 10 minutes to open water—making it easy to enjoy days out on the boat. The community also features a waterfront pool area, perfect for soaking in the Florida sunshine in a relaxed, social setting. Additional highlights include a new C5 Hurricane Windows (hurricane shutters on lanai), New AC, new roof, new carport, and negotiable furnishings, creating a truly move-in ready opportunity. Whether you’re searching for a full-time residence, seasonal getaway, or investment property, this home offers exceptional flexibility in an unbeatable location—just a short stroll to downtown Cape Coral’s restaurants, shopping, and entertainment. Experience the charm, convenience, and lifestyle this waterfront gem has to offer—your slice of paradise awaits.
Property details
- Type
- Condominium
- Year built
- 1984
- Interior
- 1,160 sqft
- Lot size
- Not specified
- Acreage
- Not specified
- Garage
- None
- Days on market
- 103
- Total association fees
- $9,600/yr (~$800/mo)
- CDD
- None
- Est. taxes (1.4%)
- $3,556/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- Impact Windows/Doors, Shutters
- Exposure
- North
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Assessment Paid
- Sewer
- Assessment Paid
- 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 |
|---|---|---|---|---|---|
| 1411 SE 43rd Street | Sep 2025 | $260,000 | 2/2 | 1,190 | $218 |
| 1715 SE 46th Lane 3 | Jan 2026 | $270,000 | 2/2 | 1,251 | $216 |
| 4201 SE CORONADO Parkway | Jul 2026 | $290,000 | 3/2 | 1,337 | $217 |
| 4703 SE 17th Place 105 | Sep 2025 | $251,500 | 2/2 | 1,302 | $193 |
| 4549 SE 5th Place 109 | Sep 2025 | $232,500 | 2/2 | 1,256 | $185 |
| 1730 Sandy Circle 105 | Jul 2026 | $239,000 | 2/2 | 1,218 | $196 |
| Average | 6 comps | $257,167 | $204 |
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 $5,000 (1.9%) from the original list price.
| May 8, 2026 | Price reducedfrom $259,000 | $254,000 |
| Apr 22, 2026 | Listed | $259,000 |
The good, the trade-offs & the location
- Waterfront
- Storm protection: Impact Windows/Doors, Shutters
- Built 1984 — 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
- Higher association fees (~$9,600/yr)
- 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.