$235,000
2 Bed Waterfront Home for Sale in Cape Coral
1781 Four Mile Cove Parkway 123, Cape Coral, FL, 33990
About this home
LOWEST PRICE IN ISLAND COVE OF CAPE CORAL....Experience the best of waterfront living in this beautifully maintained condo in the gated community of Island Cove. This light-filled residence offers an open floor plan, a spacious kitchen with abundant cabinetry, and a private screened lanai overlooking the serene canal. The primary suite features water views, lanai access, and an ensuite bath with dual sinks and a walk-in closet. Additional highlights include in-unit laundry, impact-resistant windows and doors, and a dedicated covered parking space. Island Cove residents enjoy a resort-style pool, clubhouse, fitness room, tennis and pickleball. Perfect for seasonal or full-time living, this move-in-ready condo places you minutes from shopping, dining, and Cape Coral’s best waterfront amenities.
Property details
- Type
- Condominium
- Year built
- 2004
- Interior
- 1,226 sqft
- Lot size
- 9,875.052 sqft
- Acreage
- 0.23 acres
- Garage
- None
- Days on market
- 232
- Total association fees
- $7,200/yr (~$600/mo)
- CDD
- None
- Est. taxes (1.4%)
- $3,290/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
- Yes
- 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 3 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.
Seeing several homes? Build a tour and we'll route it for you.
Your notes on this home
Keep private notes on this home, what you love, what to ask about, saved to your account and shared with your agent.
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 |
|---|---|---|---|---|---|
| 1781 Four Mile Cove Parkway 145 | Aug 2026 | $260,000 | 3/2 | 1,330 | $195 |
| 1789 Four Mile Cove Parkway 525 | May 2026 | $250,000 | 3/2 | 1,330 | $188 |
| 1797 Four Mile Cove Parkway 1034 | Dec 2025 | $235,000 | 2/2 | 1,226 | $192 |
| Average | 3 comps | $248,333 | $192 |
Market trends, Island Cove of Cape Coral (Pondella)
Live community medians from the MLS · see all listings. Indicative, not an appraisal.
Price & status history
Down $65,000 (22%) from the original list price.
| Aug 10, 2026 | Sold | $230,000 |
| Jun 9, 2026 | Price reducedfrom $265,000 | $235,000 |
| Nov 16, 2025 | Listed | $295,000 |
The good, the trade-offs & the location
- Built 2004 — post-2002 Florida wind codes (typically lower insurance)
- Waterfront
- Storm protection: Impact Windows/Doors
- 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.
Similar homes nearby
$239,900
MLS# 20260276934417 Spanker Court 1A, Fort Myers, FL, 33919
$219,900
MLS# 20260252119900 Sunset Cove Lane 114, Fort Myers, FL, 33919
$232,500
MLS# 20260339701615 SE 46th Lane 202, Cape Coral, FL, 33904
$235,900
MLS# 2250620524417 Spanker Court 3E, Fort Myers, FL, 33919
$224,900
MLS# 20260278663458 Hancock Bridge Parkway 114, North Fort Myers, FL, 33903
$230,000
MLS# 20260272469639 Halyards Court 21, Fort Myers, FL, 33919
Similar communities
Matched by amenities, price tier, and location to Island Cove of Cape Coral (Pondella).
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.