2 Bed Waterfront Home for Sale in Cape Coral
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For SaleMLS# 2026031638

$173,900

2 Bed Waterfront Home for Sale in Cape Coral

1339 SE 46th Lane 8, Cape Coral, FL, 33904

2 beds2 baths967 sqft
GatedCommunity PoolBoatingWaterfront

About this home

Welcome to Down Town Cape Coral & The Lady Dolphin! Bring the bathing suits and toothbrushes! Step inside to this very comfortable & furnished two bedroom and two bath condo. Located minutes from all the down town life, plus quick access to Ft. Myers or other parts of Cape Coral. This condo offers low HOA monthly fee. Newer vinyl flooring in the living room and newer carpet in bedrooms. Spacious kitchen with plenty of counter space and cabinets. Including a large pantry. Private washer and dryer in unit. Come and sit back and relax in your screened patio over looking the Gulf Access canal. Boat dock first come first serve. The heated community pool just steps away. All that is missing is you..

Property details

Type
Condominium
Year built
1986
Interior
967 sqft
Lot size
7,200.468 sqft
Acreage
0.17 acres
Garage
None
Days on market
43
Total association fees
$5,700/yr (~$475/mo)
CDD
None
Est. taxes (1.4%)
$2,435/yr
Flood zone (area est.)
Yes · High risk (AE)
Storm protection
Impact Windows/Doors
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

AssociationManagementInsuranceIrrigationWaterLegalAccountingMaintenanceGroundsPestControlReserveFundTrash

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

Amenities

PoolManagement

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.

Above marketThis home is priced above comparable recent sales.
This home
$180/sqft
Comp median
$158/sqft
Difference
+14%

Based on the $/sqft of 8 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
4928 Vincennes Street C5Aug 2026$190,0002/21,065$178
4928 Vincennes Street C8Jul 2026$148,9002/21,065$140
1005 SE 40th Street 5Dec 2025$169,9002/21,111$153
4549 SE 5th Place 211Feb 2026$185,0002/21,019$182
4510 SE 5th Place 202Jan 2026$190,0002/21,022$186
4213 SE 19th Avenue 205Oct 2025$150,0002/2958$157
Average6 comps$172,300$166

Market trends, Cape Coral

Median list
$399,000
Median $/sqft
$233
Median sold (90d)
$385,000
Avg days on market
92
Active listings
2,485
Median sold price · Cape Coral
$384,999last 3 months6.9% vs $360,000 prior 3 months
Median closed price by month · Cape Coral
2.6% MoM5.7% YoY
$340k$365k$390kJul ’25Sep ’26
$369,990Sep ’26 · 55 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.

Price & status history

Down $9,000 (4.9%) from the original list price.

Aug 17, 2026Price reducedfrom $182,900$173,900
Jul 24, 2026Listed$182,900

The good, the trade-offs & the location

Pros
  • Waterfront
  • Storm protection: Impact Windows/Doors
Consider
  • Built 1986 — 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
Location convenienceHigh
Hospital
4.7 mi
HealthPark Medical Center
Beach
7.8 mi
Fort Myers Beach
Airport
5.4 mi
Page Field (Fort Myers)
Shopping
4.8 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.