$460,000
3 Bed Pool Home for Sale in Cape Coral
516 SE 8th Place, Cape Coral, FL, 33990
About this home
$15,000 PRICE REDUCTION! MOTIVATED SELLER SAYS BRING OFFERS! Waterfront, turnkey, and now priced even more competitively, this fully furnished 3-bedroom, 2-bath pool home offers an exceptional opportunity to enjoy the Florida lifestyle or add a proven income-producing property to your portfolio. Situated on a freshwater canal with desirable western rear exposure, you'll enjoy spectacular sunset views from your private backyard retreat. The open floor plan features vaulted ceilings, tile and laminate flooring throughout, and a bright coastal feel. The kitchen offers wood cabinetry, Corian countertops, stainless steel appliances, and plenty of space for everyday living and entertaining. Step outside to your heated saltwater pool with new pump, expansive paver deck, and private concrete dock. Enjoy direct access to miles of freshwater canals connecting to Lakes Shamrock, Saratoga, Kennedy, Alhambra, and more—perfect for boating, fishing, kayaking, and jet skiing right from your backyard. Recent updates include a new roof (10/2023), hot water heater (8/2023), sprinkler system, and security cameras. Currently operating as a successful vacation rental, this property is move-in ready and offers flexibility as a primary residence, seasonal getaway, or investment property. Conveniently located near Sun Splash Water Park, Cape Coral Hospital, shopping, dining, and major roadways. Seller is serious about getting this home sold—schedule your showing today before this opportunity is gone!
Property details
- Type
- SingleFamilyResidence
- Year built
- 1995
- Interior
- 1,613 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 2 car
- Days on market
- 82
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $6,440/yr
- Flood zone (area est.)
- No · Low risk (X)
- Storm protection
- None listed
- Exposure
- West
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- Yes
- 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 3 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 |
|---|---|---|---|---|---|
| 505 SE 9th Avenue | Nov 2025 | $449,900 | 3/2 | 1,714 | $262 |
| 402 SE 8th Place | Nov 2025 | $450,000 | 3/2 | 1,544 | $291 |
| 522 SE 4th Street | Aug 2026 | $440,000 | 3/2 | 1,707 | $258 |
| Average | 3 comps | $446,633 | $270 |
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 $15,000 (3.2%) from the original list price.
| Aug 24, 2026 | Back on market | |
| Jun 1, 2026 | Price reducedfrom $475,000 | $460,000 |
| May 3, 2026 | Listed | $475,000 |
The good, the trade-offs & the location
- Lower flood risk (zone X)
- Private pool
- Waterfront
- 2-car garage
- Built 1995 — 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.