$250,000
2 Bed Waterfront Home for Sale in Cape Coral
406 SW 3rd Street 102, Cape Coral, FL, 33991
About this home
Welcome to Lake Kennedy Condos, a waterfront 55+ community in Cape Coral offering low-maintenance Florida living in a smaller community setting. This 2-bedroom, 2-bath residence is located in a NO FLOOD ZONE and features impact-resistant windows and doors, city water, low HOA fees, and access to a community pool and waterfront area. The community consists of two buildings with only four units per building, providing a more private, low-density setting. The waterfront location offers a relaxing outdoor setting, while the condo lifestyle provides the convenience of less exterior maintenance. Conveniently located near shopping, grocery stores, restaurants, parks, and other everyday amenities, with easy access to Cape Coral's dining, recreation, and waterways. Whether you're looking for a seasonal Florida retreat, a year-round residence, or a low-maintenance home for relocation, Lake Kennedy Condos offers an opportunity to enjoy the Southwest Florida lifestyle.
Property details
- Type
- Condominium
- Year built
- 2004
- Interior
- 1,127 sqft
- Lot size
- 2,391.444 sqft
- Acreage
- 0.05 acres
- Garage
- None
- Days on market
- 0
- Total association fees
- $5,040/yr (~$420/mo)
- CDD
- None
- Est. taxes (1.4%)
- $3,500/yr
- Flood zone (area est.)
- No · Low risk (X)
- Storm protection
- Impact Windows/Doors
- Exposure
- South
- 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
What the association dues cover, per the MLS. Confirm the full schedule with the HOA.
Amenities
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.
Based on the $/sqft of 7 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.
| Address | Sold | Sold price | Beds/Baths | Sq ft | $/sqft |
|---|---|---|---|---|---|
| 740 SW 5th Street | Aug 2026 | $250,000 | 3/2 | 1,246 | $201 |
| 258 SE 1st Avenue | Feb 2026 | $285,000 | 3/2 | 1,294 | $220 |
| 171 SE 4th Street | Aug 2026 | $270,000 | 2/2 | 1,152 | $234 |
| 505 SW 9th Avenue | Feb 2026 | $297,000 | 3/2 | 1,255 | $237 |
| 625 SE 1st Place | Jan 2026 | $262,500 | 3/2 | 1,204 | $218 |
| 227 SE 2nd Terrace | Aug 2026 | $265,000 | 3/2 | 1,210 | $219 |
| Average | 6 comps | $271,583 | $222 |
Market trends, Cape Coral
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
- Built 2004 — post-2002 Florida wind codes (typically lower insurance)
- Lower flood risk (zone X)
- Waterfront
- Storm protection: Impact Windows/Doors
- No garage listed
- 55+ age-restricted community
Straight-line distances to major SWFL amenities, approximate; actual drive times vary.
Nearby schools
Get more information on their programs, scores, and extracurriculars on each school's page · browse the full schools directory.
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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.