2 Bed Waterfront Home for Sale in Cape Coral
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For SaleMLS# 2026036055

$310,000

2 Bed Waterfront Home for Sale in Cape Coral

4544 SE 5th Place 207, Cape Coral, FL, 33904

2 beds2 baths1,022 sqft
GatedBoatingCommunity PoolWaterfront

About this home

Welcome to Coastal Living on the Rubicon Canal! Welcome to 4544 SE 5th Place, Unit 207! This stunning Fully Furnished second-floor end-unit condo offers a spacious 2-bedroom, 2-full-bathroom layout with beautiful waterfront views and abundant natural light along the Rubicon Canal. This move-in-ready home combines comfort, convenience, and incredible waterfront living. With unobstructed western exposure, you can enjoy breathtaking sunsets from your private screened lanai, living room, and primary suite. The beautifully appointed interior features granite vanities and countertops, elegant frameless glass shower doors, custom blinds in the primary suite, and a privacy door added to the second bedroom area, providing additional privacy and comfort for family and visiting guests. The condo is also tastefully furnished and ready to enjoy. Boaters will love the Gulf-access location, providing access to the Caloosahatchee River, Gulf of Mexico, nearby beaches, islands, and waterfront restaurants. The community features a well maintained waterfront pool and is ideally located near South Cape's restaurants, shopping, farmers market and nightlife, as well as the Cape Coral Yacht Club. With convenient access to the Cape Coral Bridge, Fort Myers, and area beaches, this condo offers the perfect combination of waterfront lifestyle and location. Whether you're looking for a full-time residence, vacation getaway, or snowbird retreat, this is a fantastic opportunity to own a piece of South Cape waterfront paradise! Property Highlights Spacious 2-bedroom | 2-full-bathroom condo Gulf-access waterfront condo on the desirable 200-foot-wide Rubicon Canal Second-floor end unit Unobstructed western exposure with spectacular nightly sunset views Roof 2023 Brand-new A/C system (2026) Hurricane impact windows and electric roll-down storm shutters on the lanai Tastefully furnished and move-in ready Boat dock access available Low HOA fee for only $507/month. Assigned parking space with covered carport

Property details

Type
Condominium
Year built
1989
Interior
1,022 sqft
Lot size
4,308.084 sqft
Acreage
0.10 acres
Garage
None
Days on market
0
Total association fees
$6,084/yr (~$507/mo)
CDD
None
Est. taxes (1.4%)
$4,340/yr
Flood zone (area est.)
No · Low risk (X)
Storm protection
Impact Windows/Doors, Shutters
Exposure
West
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
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

Insurance

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.

Above marketThis home is priced above comparable recent sales.
This home
$303/sqft
Comp median
$242/sqft
Difference
+25%

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
4501 SE 1st AvenueOct 2025$300,0002/21,123$267
5111 Manor Court 2Jan 2026$245,0002/21,050$233
732 Victoria Drive 2Nov 2025$240,0002/21,060$226
4803 SW Santa Barbara Court 5May 2026$260,0002/21,015$256
4622 SW Santa Barbara Place 111Aug 2026$245,0002/21,080$227
4969 Viceroy Street 106Apr 2026$347,5002/21,174$296
Average6 comps$272,917$251

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.

The good, the trade-offs & the location

Pros
  • Lower flood risk (zone X)
  • Waterfront
  • Storm protection: Impact Windows/Doors, Shutters
Consider
  • Built 1989 — pre-2002 construction may carry older wind codes and higher insurance
  • No garage listed
Location convenienceHigh
Hospital
4.6 mi
Cape Coral Hospital
Beach
8.1 mi
Fort Myers Beach
Airport
6.3 mi
Page Field (Fort Myers)
Shopping
5.7 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.