2 Bed Waterfront Home for Sale in Cape Coral
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For SaleMLS# 2026035205

$185,000

2 Bed Waterfront Home for Sale in Cape Coral

4707 SE 5th Avenue 102, Cape Coral, FL, 33904

2 beds2 baths1,262 sqft
BoatingCommunity PoolWaterfront

About this home

BEST PRICE! Experience one of Cape Coral’s most impressive GULF ACCESS wide-basin views on the iconic Rubicon Canal—a rare waterfront setting with wide basin canal view. This FIRST-FLOOR 2 Bedroom + DEN residence feels brand new with a refreshed look, modern updates, and a standout water view that sets it apart from anything else at this price. Step inside to a bright, open layout featuring NEW luxury vinyl flooring, NEW wainscoting, crown molding, and freshly painted interiors. Major improvements add peace of mind, including a NEW ROOF, NEW covered parking, and a freshly painted building. The UPDATED kitchen shines with white cabinetry, decorative backsplash, tile flooring, raised ceiling detail, and a built-in coffee/bar station with wine refrigerator—perfect for entertaining. Enjoy seamless indoor-outdoor living through sliding glass doors that open to a spacious screened lanai overlooking the heated pool and the expansive canal basin. The split-bedroom floor plan provides privacy, with the primary suite offering crown molding, lanai access, and a private bath with dual sink areas. The versatile den works beautifully as an office, media room, or guest overflow. Additional conveniences include a full interior laundry room, multiple closets, exterior storage, and roll-down lanai shutters for privacy and storm protection. Added value continues with an impact-rated entry door and BRAND NEW HURRICANE WINDOWS AND DOORS —a major benefit for insurance savings. This well-maintained Gulf-access community features a heated waterfront pool, seawall, community dock, and easy covered parking just steps from your door. A charming garden area out front offers space for plants or seating. Located in the heart of Downtown Cape Coral, you’re moments from waterfront dining, coffee shops, boutiques, live music, farmers markets, and festivals. With the revitalized Bimini Basin and The Cove at 47th driving demand, this property delivers the ideal blend of wide-basin views, boating access, downtown walkability, and first-floor convenience.

Property details

Type
Condominium
Year built
1981
Interior
1,262 sqft
Lot size
4,116.42 sqft
Acreage
0.09 acres
Garage
None
Days on market
0
Total association fees
$7,708/yr (~$642/mo)
CDD
None
Est. taxes (1.4%)
$2,590/yr
Flood zone (area est.)
Yes · High risk (AE)
Storm protection
Impact Windows/Doors
Exposure
East
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
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

BoatDockPoolManagement

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
$147/sqft
Comp median
$150/sqft
Difference
-2%

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.

AddressSoldSold priceBeds/BathsSq ft$/sqft
4525 Country Club Boulevard 110Jan 2026$167,5002/21,195$140
4525 Country Club Boulevard 207Feb 2026$170,0002/21,195$142
4563 SE 5th Place 205Aug 2026$195,0002/21,170$167
4543 SE 6th Place 1DMay 2026$210,0002/21,216$173
4411 Country Club Boulevard A1Mar 2026$185,0002/21,234$150
4411 Country Club Boulevard A2Feb 2026$195,0002/21,234$158
Average6 comps$187,083$155

Market trends, Cape Coral

Median list
$399,900
Median $/sqft
$234
Median sold (90d)
$389,000
Avg days on market
95
Active listings
2,474
Median sold price · Cape Coral
$389,000last 3 months9% vs $357,000 prior 3 months
Median closed price by month · Cape Coral
0.8% MoM11.3% YoY
$340k$368k$395kJul ’25Aug ’26
$395,000Aug ’26 · 247 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 1981 — 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
4.9 mi
Cape Coral Hospital
Beach
7.8 mi
Fort Myers Beach
Airport
6.4 mi
Page Field (Fort Myers)
Shopping
5.8 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.