$330,000
2 Bed Waterfront Home for Sale in Cape Coral
4707 SE 5th Avenue 101, Cape Coral, FL, 33904
About this home
WELCOME TO WATERFRONT LIVING IN THE HEART OF CAPE CORAL! This beautifully maintained FIRST-FLOOR END-UNIT condo offers 2 bedrooms, an inviting open-concept floor plan, added privacy, and an incredible setting overlooking the Rubicon Canal with GULF ACCESS and expansive WIDE-BASIN CANAL VIEWS. Step inside to a bright, comfortable interior featuring FRESH NEW PAINT, TILE FLOORING THROUGHOUT, and BRAND-NEW IMPACT-RESISTANT WINDOWS for added peace of mind. The open layout flows effortlessly to the SCREENED LANAI, where you can relax with your morning coffee, enjoy the waterfront views, and embrace the Southwest Florida lifestyle. The COMMUNITY POOL is conveniently located right outside your back door, making it easy to take a swim or simply relax by the water. This well-maintained Gulf-access community also features a HEATED WATERFRONT POOL, SEAWALL, COMMUNITY DOCK, and COVERED CARPORT PARKING just steps from your front door. The condo building has also been FRESHLY PAINTED, adding to its clean, updated appearance. Additional improvements include a NEWER ROOF and A/C installed in 2024. Boaters will appreciate the Gulf-access location along the Rubicon Canal, while everyone will love being close to the energy of DOWNTOWN CAPE CORAL. Enjoy waterfront dining, local coffee shops, boutiques, live music, farmers markets, festivals, and entertainment just minutes away. With the continued transformation of the Bimini Basin area and The Cove at 47th, this is an exciting location to enjoy everything Cape Coral has to offer. Whether you're looking for a FULL-TIME RESIDENCE, SEASONAL FLORIDA GETAWAY, or an INVESTMENT PROPERTY, this condo offers plenty of possibilities. The desirable FIRST-FLOOR END-UNIT LOCATION, waterfront setting, Gulf access, community amenities, and proximity to Downtown Cape Coral also make it an attractive option for those looking for RENTAL INVESTMENT POTENTIAL. Come experience the perfect combination of WIDE-BASIN WATER VIEWS, BOATING ACCESS, FIRST-FLOOR CONVENIENCE, and the SOUTHWEST FLORIDA LIFESTYLE!
Property details
- Type
- Condominium
- Year built
- 1981
- Interior
- 1,292 sqft
- Lot size
- 4,116.42 sqft
- Acreage
- 0.09 acres
- Garage
- None
- Days on market
- 0
- Total association fees
- $7,920/yr (~$660/mo)
- CDD
- None
- Est. taxes (1.4%)
- $4,620/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
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 |
|---|---|---|---|---|---|
| 329 SE 47TH Terrace | Jun 2026 | $330,000 | 3/2 | 1,259 | $262 |
| 4501 SE 1st Avenue | Oct 2025 | $300,000 | 2/2 | 1,123 | $267 |
| 133 SE 45th Street | Dec 2025 | $310,000 | 3/2 | 1,415 | $219 |
| 118 SE 44th Terrace | Apr 2026 | $345,000 | 3/2 | 1,406 | $245 |
| 4464 Coronado Parkway | Feb 2026 | $307,000 | 3/2 | 1,292 | $238 |
| 120 SW 46th Street | Aug 2026 | $318,000 | 3/2 | 1,241 | $256 |
| Average | 6 comps | $318,333 | $248 |
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
- Waterfront
- Storm protection: Impact Windows/Doors
- 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
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.