$359,900
3 Bed 2 Bath Waterfront Condominium for Sale in ISLAND COVE OF CAPE CORAL, FL
1797 Four Mile Cove Parkway 1015, Cape Coral, FL, 33990
About this home
Boater’s dream condo with direct Gulf access and no bridges! Designed for the boater seeking a refined, low-maintenance lifestyle, this first-floor 3-bedroom, 2-bath residence includes a brand-new 10,000 lb boat lift (2024) and is located in the gated, waterfront Island Cove community in Cape Coral. Positioned in highly desirable Building 10, this condo offers tranquil preserve and canal views and convenient access to the community’s amenities. Be on open water in minutes, a prime dock location near the ice machine, and effortless loading for day trips, fishing, or sunset cruises. The 1,330 sq ft open floor plan offers abundant natural light, generous closet space, and a private storage unit ideal for boating gear or seasonal items. The owner’s suite features preserve and canal views, dual closets, and a walk-in shower. Guest bedrooms are located at the front of the unit, providing privacy for visitors. The kitchen is appointed with stainless steel appliances, large pantry, and designer accent wall. An indoor laundry room with cabinetry and washer/dryer adds convenience. The screened lanai provides peaceful outdoor living with natural views. Island Cove is a gated, pet-friendly, socially active waterfront community offering a heated resort-style pool and spa, pickleball and tennis courts, and a vibrant boating lifestyle. Recent upgrades: New dock, electric & 10K boat lift (2024); impact-rated windows, sliders and doors; all new appliances (2020); new ceiling fans; garbage disposal (2021); brand-new lanai screens (2025). Seller offering a 1% interest rate buy-down for the first year with preferred lender. Virtual tour, see it all—make sure to watch until the end!
Property details
- Type
- Condominium
- Year built
- 2004
- Interior
- 1,330 sqft
- Lot size
- Not specified
- Acreage
- Not specified
- Garage
- None
- Days on market
- 340
- Total association fees
- $7,200/yr (~$600/mo)
- CDD
- None
- Est. taxes (1.4%)
- $5,039/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
- Assessment Paid
- Sewer
- Assessment Paid
- 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 6 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 |
|---|---|---|---|---|---|
| 1795 Four Mile Cove Parkway 825 | Nov 2025 | $347,500 | 3/2 | 1,330 | $261 |
| 1795 Four Mile Cove Parkway 831 | Feb 2026 | $334,500 | 3/2 | 1,395 | $240 |
| 1793 Four Mile Cove Parkway 733 | Dec 2025 | $310,000 | 2/2 | 1,226 | $253 |
| 1791 Four Mile Cove Parkway 612 | Nov 2025 | $332,000 | 3/2 | 1,330 | $250 |
| 1785 Four Mile Cove Parkway 342 | May 2026 | $309,900 | 3/2 | 1,330 | $233 |
| 1781 Four Mile Cove Parkway 121 | Dec 2025 | $329,000 | 3/2 | 1,395 | $236 |
| Average | 6 comps | $327,150 | $246 |
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 $55,000 (13.6%) from the original list price.
| Feb 24, 2026 | Sold | $350,000 |
| Oct 24, 2025 | Price reducedfrom $369,900 | $359,900 |
| Feb 7, 2025 | Listed | $405,000 |
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.
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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.