$1,849,000
3 Bed 3.5 Bath Waterfront Condominium for Sale in PALERMO, FL
4875 Pelican Colony Boulevard 1704, Bonita Springs, FL, 34134
About this home
High above the natural beauty of Southwest Florida, this stunning sky residence on the 17th floor of The Colony at Pelican Landing offers breathtaking panoramic views of Estero Bay, the sparkling Gulf of Mexico, and the surrounding protected nature preserves. This beautifully appointed three bedroom, three and a half bathroom home welcomes you through a private elevator entry into expansive living spaces filled with natural light and framed by walls of glass that showcase the remarkable scenery from nearly every room. The open floor plan is designed for both comfort and entertaining, featuring a spacious great room, an elegant dining area, and a gourmet kitchen thoughtfully equipped with premium appliances, granite countertops, custom cabinetry, a generous breakfast bar, and a full size wine refrigerator that is perfect for storing and serving your collection. The primary suite offers a peaceful retreat with floor to ceiling windows, direct balcony access, and a luxurious ensuite bath with dual vanities, a soaking tub, and a walk in shower. Two additional guest suites provide privacy and comfort for visiting family and friends, each with its own ensuite bathroom. Step outside to the expansive screened terrace, an ideal setting to enjoy morning coffee as the sun rises or relax in the evening with sweeping water and sky views. Additional features include a separate den that works beautifully as a home office or reading space, a powder room, and a dedicated laundry room. Residents of The Colony enjoy an exceptional collection of amenities including a private beach park, tennis and pickleball courts, a fitness center and spa, resort style pool, kayak park, and full service concierge services. The private The Bay Club at The Colony offers waterfront dining exclusively for residents, where beautiful views complement an elegant dining experience. Golf enthusiasts also have the opportunity to join The Colony Golf & Country Club. Ideally located just minutes from shopping, dining, and entertainment at Coconut Point, this residence offers an exceptional opportunity to enjoy refined high rise coastal living surrounded by breathtaking natural beauty.
Property details
- Type
- Condominium
- Year built
- 2002
- Interior
- 3,295 sqft
- Lot size
- 17,097.3 sqft
- Acreage
- 0.39 acres
- Garage
- 2 car
- Days on market
- 47
- Total association fees
- $33,093/yr (~$2,758/mo)
- CDD
- None
- Est. taxes (1.4%)
- $25,886/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- Impact Windows/Doors
- Exposure
- Southwest
- Waterfront
- Yes
- Gulf access
- Yes
- Gulf access type
- Direct — Gulf frontage
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Public
- Sewer
- Public Sewer
- 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 3 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.
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Your notes on this home
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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 |
|---|---|---|---|---|---|
| 4800 Pelican Colony Boulevard 202 | Jun 2026 | $1,752,000 | 3/3 | 3,315 | $529 |
| 4800 Pelican Colony Boulevard 803 | Dec 2025 | $2,225,000 | 3/3 | 3,315 | $671 |
| 24221 Addison Place Court | Sep 2025 | $1,700,000 | 4/3 | 3,340 | $509 |
| Average | 3 comps | $1,892,333 | $570 |
Market trends — Bonita Springs
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 $149,000 (8.1%) from the original list price.
| Jun 18, 2026 | Sold | $1,700,000 |
| Apr 2, 2026 | Listed | $1,849,000 |
The good, the trade-offs & the location
- Built 2002 — post-2002 Florida wind codes (typically lower insurance)
- Gulf access (Direct — Gulf frontage)
- Storm protection: Impact Windows/Doors
- 2-car garage
- In a higher-risk flood zone (AE) — flood insurance likely required
- Higher association fees (~$33,093/yr)
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.