$198,000
2 Bed 2 Bath Waterfront Condominium for Sale in WATERGATE CONDO, FL
632 Victoria Drive 103, Cape Coral, FL, 33904
About this home
Direct DEEP Water Gulf Access! This beautifully remodeled waterfront condo offers the perfect blend of luxury and coastal living. Step inside to find a sleek, modern interior with high-end finishes throughout — from the stylish kitchen with granite countertops and stainless steel appliances to the spa-inspired bathrooms and porcelain tile flooring. Enjoy breathtaking water views from your private balcony and the convenience of docking your boat just steps away. Located in a quiet, well-maintained community close to downtown Cape Coral’s dining, shopping, and entertainment. Whether you're looking for a year-round home, seasonal getaway, or investment property, this one checks all the boxes. Move-in ready and truly one of a kind!
Property details
- Type
- Condominium
- Year built
- 1971
- Interior
- 1,165 sqft
- Lot size
- 9,983.952 sqft
- Acreage
- 0.23 acres
- Garage
- None
- Days on market
- 242
- Total association fees
- $6,240/yr (~$520/mo)
- CDD
- None
- Est. taxes (1.4%)
- $2,772/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- 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
- 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 4 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 |
|---|---|---|---|---|---|
| 5101 Coronado Parkway 102 | Aug 2025 | $185,000 | 2/2 | 1,014 | $182 |
| 732 Sesame Court | Sep 2025 | $215,000 | 2/2 | 1,113 | $193 |
| 4910 Viceroy Street 7 | Jun 2026 | $175,000 | 2/2 | 1,020 | $172 |
| 5234 Sunnybrook Court | Jan 2026 | $224,000 | 2/2 | 1,035 | $216 |
| Average | 4 comps | $199,750 | $191 |
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.
Price & status history
Down $26,000 (11.9%) from the original list price.
| Feb 27, 2026 | Sold | $193,000 |
| Dec 5, 2025 | Price reducedfrom $198,900 | $198,000 |
| May 30, 2025 | Listed | $219,000 |
The good, the trade-offs & the location
- Waterfront
- Storm protection: Impact Windows/Doors
- Built 1971 — 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
- 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.