$239,000
2 Bed Waterfront Home for Sale in Fort Myers
5441 Peppertree Drive 5, Fort Myers, FL, 33908
About this home
Are you searching for the perfect coastal retreat with beautiful water views, offered fully furnished and turnkey, just minutes from Sanibel, Captiva, and Fort Myers Beach? Welcome to Peppertree Pointe—a highly desirable waterfront community in the Iona section of South Fort Myers. This scenic neighborhood sits along the Caloosahatchee River and features a community pool, tennis and pickleball courts, a marina, private beach, boat launch, boat slips, and a fishing pier. Located in the Cardinal Cove Village, this first-floor 2-bedroom, 2-bath condo offers nearly 1,000 sq ft of comfortable living space and experienced no hurricane or flood damage. Accordion shutters on every window and doors provide valuable peace of mind. As you enter, you’re welcomed by gorgeous intersecting water views and beautiful crown molding that enhances the living space. The spacious living area opens to a long screened-in lanai—an ideal spot for morning coffee or evening dinners overlooking the water. At the front of the unit, you’ll find all of the main living and entertaining space, while the rear of the home features your primary and guest bedrooms - providing a thoughtful, private layout for residents and guests. Both the primary and guest bedrooms are generously sized with large walk-in closets, and each features elegant plantation shutters. The kitchen offers ample cabinetry, stainless steel appliances, and a decorative tile backsplash. The home offers uniform laminate flooring throughout, with tile in the kitchen and bathrooms. Additional storage includes multiple linen closets plus an oversized closet on the lanai. The dining area also enjoys tranquil waterfront views, making every meal feel special. HOA fees include water, cable, exterior maintenance, pest control, insurance, and access to incredible amenities. Whether you're looking for a seasonal getaway or a year-round residence, this move-in ready condo offers comfort, convenience, and serene water views—just bring your toothbrush! Call today to schedule your private showing.
Property details
- Type
- Condominium
- Year built
- 1976
- Interior
- 964 sqft
- Lot size
- 9,709.524 sqft
- Acreage
- 0.22 acres
- Garage
- None
- Days on market
- 253
- Total association fees
- $7,800/yr (~$650/mo)
- CDD
- None
- Est. taxes (1.4%)
- $3,346/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- North
- 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 12 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 |
|---|---|---|---|---|---|
| 14973 Rivers Edge Court 111 | Sep 2025 | $190,000 | 2/2 | 1,128 | $168 |
| 15901 Royal Pointe Lane 404 | Sep 2025 | $245,000 | 2/2 | 1,126 | $218 |
| 14977 Rivers Edge Court 217 | Aug 2026 | $195,000 | 3/2 | 1,157 | $169 |
| 15969 Mandolin Bay Drive 205 | Dec 2025 | $210,000 | 2/2 | 1,152 | $182 |
| 15761 Windward Way Circle 3302 | May 2026 | $235,000 | 2/2 | 1,050 | $224 |
| 15979 Mandolin Bay Drive 202 | May 2026 | $195,000 | 2/2 | 1,152 | $169 |
| Average | 6 comps | $211,667 | $188 |
Market trends, Fort Myers
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 $10,000 (4%) from the original list price.
| May 26, 2026 | Price reducedfrom $249,000 | $239,000 |
| Dec 4, 2025 | Listed | $249,000 |
The good, the trade-offs & the location
- Waterfront
- Built 1976 — 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.
Similar homes nearby
$261,000
MLS# 20260224971714 Bikini Court 105, Cape Coral, FL, 33904
$200,000
MLS# 202502602216007 Davis Road 524, Fort Myers, FL, 33908
$278,900
MLS# 20260273525112 Coronado Parkway 12, Cape Coral, FL, 33904
$280,000
MLS# 2026025799902 SW 48th Terrace 103, Cape Coral, FL, 33914
$279,500
MLS# 2025021474912 SW 48th Terrace 208, Cape Coral, FL, 33914
$279,000
MLS# 2260218761112 SW 48th Terrace C101, Cape Coral, FL, 33914
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.