$649,000
3 Bed 2 Bath Pool Waterfront SingleFamilyResidence for Sale in CAPE CORAL, FL
5315 Pelican Boulevard, Cape Coral, FL, 33914
About this home
Where the Gulf is your backyard and every upgrade has already been done for you—this is waterfront living at its finest. Perfectly positioned on a direct Gulf access canal at 5315 Pelican Blvd, this completely remodeled waterfront residence is a rare opportunity for the discerning buyer who lives for sunshine, open water, and the SWFL boating lifestyle. Located less than 10 minutes to open water and just moments from Rotary Park, this home delivers both an exceptional setting and peace of mind through extensive, high-end improvements. From the moment you arrive, lush tropical landscaping, crisp coastal curb appeal, and an extra-long driveway set the tone. Inside, the home has been thoughtfully and extensively renovated, blending timeless finishes with modern coastal design. Impact-resistant windows, doors, and sliders flood the interiors with natural light while providing superior storm protection, complemented by custom aluminum flood panels for all openings and roll-down lanai shutters for added security and ease of living. The canal-front backyard is truly the showstopper. A resurfaced heated pool with brand-new pavers creates a private, year-round oasis overlooking the water ideal for sunset swims after a day on the boat. Boaters will appreciate the new 10,000 lb in-board boat lift with gem box, upgraded dock electrical, and quick, bridge-free access to the Gulf—making spontaneous fishing trips and sunset cruises effortless. Inside, every major system has been addressed. The electrical panel have been upgraded, offering confidence and reliability. While the metal roof and kitchen predate the most recent renovations, the kitchen has been tastefully updated to complement the home’s refreshed aesthetic and features stainless steel appliances and an induction cooktop for modern, efficient cooking. The Seller spared NO expense in updating this property, creating outstanding long-term value for the next owner. The Primary Suite offers a large walk-in closet with modular upgrade while the additional bedrooms provide comfortable retreats, complimented by updated bathrooms featuring spa-inspired finishes and clean, modern lines. Neutral flooring, plantation shutters, and coastal tones throughout make the home feel polished yet inviting—ideal as a full-time residence or winter escape. For everyday convenience, the garage is exceptionally well-appointed with industrial shelving, Husky-style metal cabinets, and a dedicated workbench, perfect for your storage needs! High-end furnishings are negotiable, making this a turnkey-optional opportunity for buyers who want to step right into the Southwest Florida lifestyle with ease. This is more than a home—it’s a chance to secure a fully renovated Gulf access property where the hard work, upgrades, and vision have already been realized. For the boating enthusiast, the waterfront purist, or anyone who dreams of life on the water, this true Cape Coral gem is waiting to be claimed.
Property details
- Type
- SingleFamilyResidence
- Year built
- 1971
- Interior
- 1,513 sqft
- Lot size
- 10,410.84 sqft
- Acreage
- 0.24 acres
- Garage
- 2 car
- Days on market
- 15
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $9,086/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- Impact Windows/Doors
- Exposure
- East
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- 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 5 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 |
|---|---|---|---|---|---|
| 135 SW 56th Terrace | Nov 2025 | $620,000 | 3/2 | 1,668 | $372 |
| 617 SW 51st Terrace | Feb 2026 | $585,000 | 2/2 | 1,645 | $356 |
| 5313 SW 8th Court | Apr 2026 | $640,000 | 3/2 | 1,448 | $442 |
| 126 SW 49th Street | Oct 2025 | $690,000 | 3/2 | 1,674 | $412 |
| 5318 Congo Court | Jun 2026 | $625,000 | 3/2 | 1,657 | $377 |
| Average | 5 comps | $632,000 | $392 |
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 $14,000 (2.2%) from the original list price.
| Feb 26, 2026 | Sold | $635,000 |
| Jan 23, 2026 | Back on market | |
| Jan 11, 2026 | Listed | $649,000 |
The good, the trade-offs & the location
- Private pool
- Waterfront
- Storm protection: Impact Windows/Doors
- 2-car garage
- Built 1971 — 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.