$342,000
3 Bed 2 Bath Waterfront Condominium for Sale in ISLAND COVE OF CAPE CORAL, FL
1781 Four Mile Cove Parkway 121, Cape Coral, FL, 33990
About this home
Why wait for interest rates to go down when home prices will just go up? Seller is offering to buy-down the interest rate at 1% for 2 years! Come and walk right into your TURNKEY Florida Oasis ready to enjoy right away! This beautiful end-unit condo spaciously designed, boasting 1,395 sqft will not disappoint with its nautical decor and warm natural light throughout. As you walk in you can see why the end-units are the upmost desirable with the extra space and sunshine kissing each room. Onto the beating heart, The Kitchen, which is enhanced with stainless steel appliances, unique top shelf granite counter tops & breakfast bar, overlooking the main entertaining area making it a breeze to host guests. The owner's quarters are fit for a king and queen, with a view of the water & nature and an en-suit which has been completely/artfully updated. Centrally located, right behind Publix and many other popular businesses, the highly sought after Island Cove Gated Active Community offers comfort in security, fun in its full list of amenities & Waterfront Direct Gulf Access (no bridges) while being one of the BEST bang for your buck when it comes to HOAs. Do you want to have your boat on the property? There are plenty of available docks/boat lifts for lease and options available for sale. *VETERAN FRIENDLY*
Property details
- Type
- Condominium
- Year built
- 2004
- Interior
- 1,395 sqft
- Lot size
- Not specified
- Acreage
- Not specified
- Garage
- None
- Days on market
- 279
- Total association fees
- $7,200/yr (~$600/mo)
- CDD
- None
- Est. taxes (1.4%)
- $4,788/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- Impact Windows/Doors
- Exposure
- North
- Waterfront
- Yes
- Gulf access
- Yes
- Gulf access type
- Direct — no bridges
- 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 7 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 |
|---|---|---|---|---|---|
| 1785 Four Mile Cove Parkway 342 | May 2026 | $309,900 | 3/2 | 1,330 | $233 |
| 1791 Four Mile Cove Parkway 612 | Nov 2025 | $332,000 | 3/2 | 1,330 | $250 |
| 1793 Four Mile Cove Parkway 733 | Dec 2025 | $310,000 | 2/2 | 1,226 | $253 |
| 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 |
| 1797 Four Mile Cove Parkway 1015 | Feb 2026 | $350,000 | 3/2 | 1,330 | $263 |
| Average | 6 comps | $330,650 | $250 |
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 $60,000 (15.4%) from the original list price.
| Dec 9, 2025 | Sold | $329,000 |
| Oct 7, 2025 | Price reducedfrom $344,000 | $342,000 |
| Jan 22, 2025 | Listed | $389,000 |
The good, the trade-offs & the location
- Built 2004 — post-2002 Florida wind codes (typically lower insurance)
- Gulf access (Direct — no bridges)
- 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.