2 Bed Waterfront Home for Sale in Cape Coral
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For SaleMLS# 2026028852

$269,900

2 Bed Waterfront Home for Sale in Cape Coral

4218 SE 20th Place D5, Cape Coral, FL, 33904

2 beds2 baths1,296 sqft
GatedBoatingCommunity Pool55+Waterfront

About this home

SECOND-FLOOR WATERFRONT CONDO with DIRECT GULF ACCESS & STUNNING WIDE CANAL VIEWS in SE Cape Coral! Located directly across from the exciting JAYCEE PARK in the highly desirable BEACH PARKWAY PROMENADE area, this BEAUTIFULLY FURNISHED 2-BEDROOM, 2-BATHROOM condo offers the perfect combination of SWFL lifestyle, boating access & long-term value. Jaycee Park’s incredible transformation with its scenic boardwalk, amphitheater, splash pad, boat dock, picnic areas & enhanced waterfront recreation; adds tremendous appeal to the neighborhood and makes this not only a WONDERFUL PLACE TO LIVE, but also a SMART INVESTMENT with STRONG EQUITY GROWTH POTENTIAL. WELCOME TO YOUR DREAM RETREAT IN SUNNY SOUTHWEST FLORIDA! This SECOND-FLOOR UNIT offers PEACE OF MIND w/ NO ONE ABOVE, NO FLOOD WORRIES & PRIVATE ENTRANCE, while showcasing PANORAMIC VIEWS of the 200+ FT WIDE NAVARRO CANAL and breathtaking SWFL SUNSETS! Enjoy your morning coffee from the PRIVATE SCREENED BALCONY or relax in the ENCLOSED SUNROOM while taking in refreshing breezes from the nearby CALOOSAHATCHEE RIVER & watching boats cruise by :) Boating enthusiasts will love DIRECT SAILBOAT ACCESS w/ just one turn to the RIVER & straight out to the GULF! Residents can unwind by CRYSTAL-CLEAR COMMUNITY POOL or enjoy the scenic, walkable surroundings of this BEAUTIFUL WATERFRONT COMMUNITY. Inside, the condo features an OPEN AND AIRY FLOOR PLAN with a tasteful blend of tile and carpet flooring, a spacious kitchen with seating area, and a flexible dining space perfect for formal dining or a cozy breakfast nook. The generous living room is filled with natural light and CAPTIVATING WATER VIEWS, making it ideal for entertaining or peaceful evenings at home! The SPACIOUS PRIMARY SUITE features a WALK-IN CLOSET, private bathroom with stand-up shower, makeup vanity and cabinetry, plus direct access to the SCREENED BALCONY overlooking the wide canal. The GUEST BEDROOM is generously sized and versatile, perfect as a second bedroom, home office, or both. A full-sized washer and dryer are conveniently tucked inside the unit. This 55+ COMMUNITY offers peaceful waterfront living with OPTIONAL DOCKAGE CURRENTLY UNDER CONSTRUCTION, ALL ASSESSMENTS PAID, and first-come, first-served availability; an excellent opportunity for boaters. The seawall is currently being repaired and is expected to be functional by Fall 2026. Additional highlights include MANUAL HURRICANE SHUTTERS for added protection, NEUTRAL INTERIOR COLORS, A/C (2018), WATER HEATER (2017), MOVE-IN READY condition, and NO PETS ALLOWED. Ideally located near Cape Coral’s vibrant dining, shopping, and entertainment, and just a drive away from some of SOUTHWEST FLORIDA’S BEST BEACHES including Fort Myers Beach, Sanibel, Naples, and Marco Island. This is your opportunity to own a BEAUTIFUL WATERFRONT CONDO with DIRECT GULF ACCESS in one of SE Cape Coral’s most sought-after neighborhoods :) MOVE IN AND START ENJOYING THE FLORIDA LIFESTYLE TODAY! LOVE WHERE YOU LIVE!

Property details

Type
Condominium
Year built
1977
Interior
1,296 sqft
Lot size
4,207.896 sqft
Acreage
0.10 acres
Garage
None
Days on market
50
Total association fees
$10,380/yr (~$865/mo)
CDD
None
Est. taxes (1.4%)
$3,779/yr
Flood zone (area est.)
Yes · High risk (AE)
Storm protection
None listed
Exposure
West
Waterfront
Yes
Gulf access
Yes
Gulf access type
Direct — no bridges
Pool
No
Spa
No
Natural gas
No
Water
Assessment Paid
Sewer
Assessment Paid
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

AssociationManagementInsuranceIrrigationWaterLegalAccountingMaintenanceGroundsMaintenanceStructurePestControlRecreationFacilitiesReserveFundSewerTrashWater

What the association dues cover, per the MLS. Confirm the full schedule with the HOA.

Amenities

BoatDockBikeStoragePoolStorageSidewalksManagement

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.

At marketThis home is priced in line with comparable recent sales.
This home
$208/sqft
Comp median
$204/sqft
Difference
+2%

Based on the $/sqft of 7 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.

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Your notes on this home

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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.

AddressSoldSold priceBeds/BathsSq ft$/sqft
4210 SE 20th Place C2Dec 2025$260,0002/21,272$204
4229 SE 19th Place 1CApr 2026$280,0002/21,360$206
4231 SE 19th Place 1JApr 2026$275,0002/21,360$202
4115 SE 18th Place 201Nov 2025$280,0002/21,362$206
4013 SE 20th Place 402May 2026$245,0002/21,295$189
4013 SE 20th Place 505Jul 2026$280,0002/21,295$216
Average6 comps$270,000$204

Market trends, Cape Coral

Median list
$399,000
Median $/sqft
$232
Median sold (90d)
$385,000
Avg days on market
94
Active listings
2,481
Median sold price · Cape Coral
$385,000last 3 months7.2% vs $359,000 prior 3 months
Median closed price by month · Cape Coral
1.3% MoM8.4% YoY
$340k$365k$390kJul ’25Aug ’26
$384,750Aug ’26 · 413 sales

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.

The good, the trade-offs & the location

Pros
  • Gulf access (Direct — no bridges)
Consider
  • Built 1977 — 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 (~$10,380/yr)
  • 55+ age-restricted community
Location convenienceHigh
Hospital
4.3 mi
Cape Coral Hospital
Beach
8.4 mi
Fort Myers Beach
Airport
4.4 mi
Page Field (Fort Myers)
Shopping
4 mi
Bell Tower Shops

Straight-line distances to major SWFL amenities, approximate; actual drive times vary.

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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.