$260,000
3 Bed SingleFamilyResidence for Sale in Cape Coral
2303 NE 5th Street, Cape Coral, FL, 33909
About this home
BACK ON MARKET & BETTER THAN EVER! Now offering an attractive 4.75% FHA assumable mortgage, making this an incredible opportunity in today’s market. Dreaming of that perfect oversized Florida yard where all your gardening hopes and dreams can come true? Welcome to your own edible wonderland — a beautifully updated home set on a rare triple lot in NE Cape Coral, priced under $300,000. The fully fenced yard offers privacy and space to truly enjoy outdoor living, complete with mature fruiting trees including banana, fig, avocado, citrus, and soursop, plus room for play, entertaining, or peaceful evenings under the stars. Inside, the home features 3 bedrooms, 2 bathrooms, and a versatile den that works beautifully as a 4th bedroom, home office, or creative space. What truly sets this home apart is the long list of major upgrades already completed — saving the next owner tens of thousands in future expenses. Improvements include a new roof (2023), full HVAC system and all-new ductwork (2024), newly updated plumbing repipe (2026), luxury plank flooring, new kitchen countertops, updated guest bathroom, new exterior double doors, gutters, and a new garage door motor. In total, over $70,000 in improvements have already been completed, offering real value and peace of mind from day one. Out back, a professionally installed, permitted 10x20 hurricane-rated shed provides secure storage and added protection. The leased solar panel system includes full maintenance and roof coverage, adding another layer of comfort and long-term value and a hedge against rising energy cost. All appliances convey — including a generator. Located in a no flood zone with all assessments paid, this home is conveniently situated near North Fort Myers High School and offers easy access to downtown Fort Myers via the Caloosahatchee Bridge — with no tolls. If you’ve been waiting for a move-in ready home where the big-ticket items are already handled and the outdoor space truly sets it apart, this one is worth a closer look.
Property details
- Type
- SingleFamilyResidence
- Year built
- 1986
- Interior
- 1,462 sqft
- Lot size
- 14,984.64 sqft
- Acreage
- 0.34 acres
- Garage
- 1 car
- Days on market
- 140
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $3,640/yr
- Flood zone (area est.)
- No · Low risk (X)
- Storm protection
- None listed
- Exposure
- North
- 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 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 |
|---|---|---|---|---|---|
| 2202 NE 4th Street | Oct 2025 | $222,500 | 3/2 | 1,299 | $171 |
| 109 NE 20th Court | Apr 2026 | $265,000 | 3/2 | 1,440 | $184 |
| 603 NE 17th Place | Dec 2025 | $260,000 | 3/2 | 1,305 | $199 |
| 126 SE 21st Place | Feb 2026 | $248,000 | 3/2 | 1,469 | $169 |
| 2220 SE 2nd Terrace | Nov 2025 | $260,000 | 3/2 | 1,449 | $179 |
| 106 NE 17th Avenue | Apr 2026 | $280,000 | 3/2 | 1,312 | $213 |
| Average | 6 comps | $255,917 | $186 |
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 $35,000 (12.3%) from the original list price.
| Mar 27, 2026 | Sold | $250,000 |
| Jan 25, 2026 | Price reducedfrom $250,000 | $260,000 |
| Jan 25, 2026 | Back on market | |
| Jul 29, 2025 | Listed | $285,000 |
The good, the trade-offs & the location
- Lower flood risk (zone X)
- Built 1986 — 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.
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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.