2 Bed Waterfront Home for Sale in Rivers Condo, FL, $320,000
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For SaleMLS# 2026032516

$320,000

2 Bed Waterfront Home for Sale in Rivers Condo, FL, $320,000

4015 SE 20th Place 301, Cape Coral, FL, 33904

2 beds2 baths1,305 sqft1 garage
BoatingCommunity PoolWaterfront

About this home

The river is the whole point here, and this condo never lets you forget it. From the third floor corner of The Rivers II, the Caloosahatchee spreads out wide in front of you. Boats head for open water while you drink your coffee in the glass enclosed lanai. By late afternoon the southwest exposure takes over and the sunset lands right on your windows. You don't have to go find the view. It lives with you. Inside, 1,305 square feet under air are laid out the practical way. The split bedroom plan gives overnight guests their own end of the home, the kitchen keeps granite counters and a full stainless appliance package, and the primary suite offers a walk-in closet plus a tiled walk-in shower. Laundry stays inside the residence. The 80 square foot lanai counts as true year round living space because it is glassed in, not screened. Storm worry is largely handled, too. Impact resistant windows and doors were permitted in 2021, so there are no shutters to hang and nothing to climb a ladder for. Close the door in May and fly north. One condo payment covers building insurance, water, sewer, trash, lawn care, and exterior pest control while you are away. Boaters should pay attention to one detail that few Cape Coral condos at this price can offer. Gulf access from here is direct, with no bridges, across wide water listed at more than 200 feet. Mast height never becomes a question. Boat docks and mooring slips are available by separate purchase, and the heated community pool sits at the river's edge, close enough to watch the morning traffic head out. Next door, Jaycee Park is in the middle of a city renovation planned at more than 18 million dollars, bringing a riverfront boardwalk and bandshell within a short stroll of the lobby. The building itself is reinforced concrete, four stories, with a common elevator, one assigned space under the building, and extra storage for the fishing rods. Sidewalks run to the park. The community welcomes all ages. Rentals are permitted at up to three leases per year with a 90 day minimum, a clean fit for a seasonal owner who wants the unit earning while they are up north. Corner river units do not surface often in this building. This one is vacant and simple to see.

Property details

Type
Condominium
Year built
1988
Interior
1,305 sqft
Lot size
4,443.12 sqft
Acreage
0.10 acres
Garage
1 car
Days on market
0
Total association fees
$8,736/yr (~$728/mo)
CDD
None
Est. taxes (1.4%)
$4,480/yr
Flood zone (area est.)
Yes · High risk (AE)
Storm protection
Impact Windows/Doors
Exposure
Southwest
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

InsuranceIrrigationWaterLegalAccountingMaintenanceGroundsPestControlSewerTrashWater

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

Amenities

BoatDockBarbecuePicnicAreaParkPoolStorageSidewalksTrailsTrashManagement

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
$245/sqft
Comp median
$240/sqft
Difference
+2%

Based on the $/sqft of 4 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
4015 SE 20th Place 206Dec 2025$300,0002/21,305$230
4013 SE 20th Place 505Jul 2026$280,0002/21,295$216
4013 SE 20th Place 205Oct 2025$324,0002/21,295$250
4001 SE 19th Place 2Jun 2026$368,0002/21,226$300
Average4 comps$318,000$249

Market trends — Cape Coral

Median list
$399,900
Median $/sqft
$234
Median sold (90d)
$389,000
Avg days on market
94
Active listings
2,499
Median sold price · Cape Coral
$388,250last 3 months8.1% vs $359,000 prior 3 months
Median closed price by month · Cape Coral
23.7% MoM37.3% YoY
$340k$414k$487kJul ’25Aug ’26
$487,450Aug ’26 · 36 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
  • Waterfront
  • Storm protection: Impact Windows/Doors
Consider
  • Built 1988 — pre-2002 construction may carry older wind codes and higher insurance
  • In a higher-risk flood zone (AE) — flood insurance likely required
Location convenienceHigh
Hospital
4 mi
Cape Coral Hospital
Beach
8.7 mi
Fort Myers Beach
Airport
4.3 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.