$899,000
3 Bed Pool Home for Sale in Cape Coral
1504 El Dorado Parkway, Cape Coral, FL, 33914
About this home
Rare opportunity with seller financing available in one of Cape Coral’s most desirable waterfront locations. This direct sailboat-access property features southern exposure, no bridges, and quick access to open water. Positioned just steps from Cape Harbour and surrounded by luxury waterfront communities, it’s ideal for boaters, investors, or anyone planning a future custom home. The existing 3-bedroom, 2-bath home was impacted by Hurricane Ian but has been professionally remediated, providing a clean slate for renovation. The home will need new drywall throughout, but major systems remain functional, allowing for a variety of paths forward. Buyers can redrywall and install a new appliance package to live in or rent, renovate for long- or short-term rental income, or clear the lot and build new. I have partnered with Windward Construction, a premier local builder, to showcase new-build possibilities for this lot, though there is no obligation to use them. Boaters will appreciate the deep-water canal, wide turning basin, and two boat lifts (13,000 lb with 32' slip and 10,000 lb with 19' slip). The property also includes a spacious screened pool area, mature landscaping, and intersecting canal views. Recent updates include a new roof installed in 2022 with premium shingles, a newer pool pump, hot water heater, dock improvements, and updated irrigation valves. The location places you minutes from Cape Harbour, Tarpon Point, marinas, waterfront restaurants, live music, boutique shops, golf, and new developments such as Bimini Square and The Cove. Whether you choose to renovate, generate income, or build a custom waterfront home, this property offers exceptional location, flexibility, and long-term potential in one of Cape Coral’s premier boating neighborhoods.
Property details
- Type
- SingleFamilyResidence
- Year built
- 1980
- Interior
- 1,741 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 2 car
- Days on market
- 84
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $12,586/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- South
- Waterfront
- Yes
- Gulf access
- Yes
- Gulf access type
- Direct — no bridges
- Pool
- Yes
- 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 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 |
|---|---|---|---|---|---|
| 5793 Cape Harbour Drive 1119 | Sep 2025 | $737,000 | 3/2 | 1,740 | $424 |
| 1206 SW 54th Street | Mar 2026 | $740,000 | 3/2 | 1,817 | $407 |
| 1211 SW 49th Street | Sep 2025 | $700,000 | 3/2 | 1,833 | $382 |
| 5332 SW 21st Place | Oct 2025 | $749,000 | 3/2 | 1,744 | $429 |
| 4912 SW 11th Avenue | Jan 2026 | $750,000 | 3/3 | 1,940 | $387 |
| 4913 SW 11th Avenue | Jul 2026 | $677,500 | 3/2 | 1,757 | $386 |
| Average | 6 comps | $725,583 | $403 |
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 $210,000 (21.5%) from the original list price.
| Jan 20, 2026 | Sold | $769,000 |
| Nov 17, 2025 | Price reducedfrom $979,000 | $899,000 |
| Oct 9, 2025 | Listed | $979,000 |
The good, the trade-offs & the location
- Private pool
- Gulf access (Direct — no bridges)
- 2-car garage
- Built 1980 — 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.