$299,000
3 Bed 2 Bath SingleFamilyResidence for Sale in CAPE CORAL, FL
708 El Dorado Parkway, Cape Coral, FL, 33904
About this home
Welcome to the heart of Cape Coral’s highly sought-after Yacht Club area, where this light-filled home sits on a rare TRIPLE lot offering space, flexibility, and long-term value with a private backyard. Just minutes from Bimini Basin, Jaycee Park, the Yacht Club, the energy of Downtown Cape Coral, and within walking distance to the beach—this location is ideal for boating, biking, dining, and enjoying the Southwest Florida lifestyle. The split-bedroom layout offers a comfortable, welcoming feel with a bright living area open to dining and a spacious kitchen with island, ideal for everyday living and entertaining, while the large sunroom adds versatile living space. The expansive triple lot provides room for a southern-exposure pool or future expansion, creating an ideal setting for outdoor enjoyment. Recent updates include a new AC in 2025, primary bedroom windows in 2025, dishwasher and stackable washer/dryer in 2023, and an updated electric panel in 2023—making this an excellent opportunity to enjoy one of Cape Coral’s most desirable neighborhoods.
Property details
- Type
- SingleFamilyResidence
- Year built
- 1968
- Interior
- 1,393 sqft
- Lot size
- 14,984.64 sqft
- Acreage
- 0.34 acres
- Garage
- 2 car
- Days on market
- 32
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $4,186/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- Impact Windows/Doors
- Exposure
- South
- Waterfront
- No
- 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
- Yes
- County
- Lee
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 |
|---|---|---|---|---|---|
| 718 Coral Drive | Nov 2025 | $340,000 | 3/2 | 1,535 | $221 |
| 412 Bayshore Drive | Jul 2025 | $290,000 | 3/2 | 1,370 | $212 |
| 5736 Riverside Drive | Apr 2026 | $323,000 | 2/2 | 1,515 | $213 |
| 331 SE 47th Street | Nov 2025 | $260,000 | 3/2 | 1,427 | $182 |
| Average | 4 comps | $303,250 | $207 |
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 $32,900 (10.1%) from the original list price.
| Mar 18, 2026 | Sold | $292,000 |
| Feb 18, 2026 | Price reducedfrom $324,900 | $299,000 |
| Jan 22, 2026 | Listed | $324,900 |
The good, the trade-offs & the location
- Storm protection: Impact Windows/Doors
- 2-car garage
- Built 1968 — pre-2002 construction may carry older wind codes and higher insurance
- In a higher-risk flood zone (AE) — flood insurance likely required
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.