$275,000
3 Bed SingleFamilyResidence for Sale in Cape Coral
740 SW 5th Street, Cape Coral, FL, 33991
About this home
Move-in ready and updated throughout, this 3-bedroom, 2-bath home at 740 SW 5th St in Cape Coral offers 1,245 square feet of thoughtfully designed living space with a 2-car garage on a spacious 0.24-acre lot. The kitchen has been remodeled with modern finishes and updated fixtures, creating a functional and stylish space for everyday living and entertaining. The open layout allows for great flow between the living and dining areas, while natural light fills the home throughout the day. Step outside to a screened lanai and expanded outdoor patio, offering plenty of space to relax, entertain, or enjoy outdoor dining. The oversized backyard provides flexibility for pets, play, or future improvements. Recent updates have been completed to the interior and key systems and are documented on the Seller’s Disclosure. Located in a quiet residential area with easy access to shopping, dining, major roadways, and Cape Coral’s beaches, this home offers comfort, convenience, and long-term value. Whether you’re looking for a primary residence or an investment opportunity, this property delivers both functionality and location in a high-demand area of Southwest Florida.
Property details
- Type
- SingleFamilyResidence
- Year built
- 1987
- Interior
- 1,246 sqft
- Lot size
- 10,628.64 sqft
- Acreage
- 0.24 acres
- Garage
- 2 car
- Days on market
- 159
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $3,850/yr
- Flood zone (area est.)
- No · Low risk (X)
- Storm protection
- None listed
- Exposure
- South
- Waterfront
- No
- 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
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.
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 |
|---|---|---|---|---|---|
| 505 SW 9th Avenue | Feb 2026 | $297,000 | 3/2 | 1,255 | $237 |
| 720 SW 8th Terrace | Jun 2026 | $285,000 | 3/2 | 1,402 | $203 |
| 801 SW 10th Place | Jul 2026 | $297,000 | 3/2 | 1,205 | $246 |
| 814 SW 10th Place | Jun 2026 | $252,500 | 3/2 | 1,232 | $205 |
| Average | 4 comps | $282,875 | $223 |
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 $49,900 (16.6%) from the original list price.
| Aug 18, 2026 | Sold | $250,000 |
| Jun 8, 2026 | Price reducedfrom $280,000 | $275,000 |
| Apr 27, 2026 | Back on market | |
| Dec 11, 2025 | Listed | $299,900 |
The good, the trade-offs & the location
- Lower flood risk (zone X)
- 2-car garage
- Built 1987 — pre-2002 construction may carry older wind codes and higher insurance
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
$235,000
MLS# 20260126383420 SE 4th Place, Cape Coral, FL, 33904
$310,700
MLS# 20250043291526 NW 21st Place, Cape Coral, FL, 33993
$279,900
MLS# 20260315091523 SE 20th Place, Cape Coral, FL, 33990
$319,899
MLS# 20250244722935 SW 1st Place, Cape Coral, FL, 33914
$259,900
MLS# 2026034727706 SW 31st Street, Cape Coral, FL, 33914
$313,900
MLS# 20260140131702 NW 5th Place, Cape Coral, FL, 33993
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.