$648,900
3 Bed Pool Home for Sale in Cape Coral
509 NE 5th Terrace, Cape Coral, FL, 33909
About this home
Why wait to build when you can move into this stunning waterfront home built in late 2024? Situated on an oversized 12,512-square-foot lot with western exposure on a freshwater intersecting canal, this exceptional property offers an impressive 232.79 feet of seawall, breathtaking sunset views, and nearly 2,000 square feet of thoughtfully designed living space. Featuring 3 spacious bedrooms, a den perfect for a home office or guest space, 3 full bathrooms, and an oversized 3-car garage with a mini-split A/C system, this home was designed to combine luxury, comfort, and functionality. From the seamless metal roof and impact-resistant windows and doors to the soaring ceilings, 8-foot interior doors, tile flooring throughout, and soundproof wall construction, every detail reflects quality craftsmanship and modern design. The gourmet kitchen is sure to impress, showcasing beautiful quartzite countertops, Samsung Bespoke appliances, and an open-concept layout that seamlessly connects the living, dining, and outdoor entertaining areas. Step outside to your private resort-style retreat featuring a spacious travertine lanai, fully equipped outdoor kitchen, heated pool, and spa. Whether you're hosting family and friends or enjoying a peaceful evening overlooking the water, this outdoor oasis was designed for unforgettable memories. Additional benefits include NO flood insurance required, city water, sewer, and irrigation, with all assessments paid in full by the seller at closing. Luxury waterfront homes with this much seawall frontage, modern construction, premium finishes, and exceptional outdoor living are rarely available. Schedule your private showing today and experience the Florida lifestyle you've been dreaming of. Certain photos have been virtually staged. Furniture and décor depicted are not included in the sale of the property.
Property details
- Type
- SingleFamilyResidence
- Year built
- 2024
- Interior
- 1,999 sqft
- Lot size
- 12,109.68 sqft
- Acreage
- 0.28 acres
- Garage
- 3 car
- Days on market
- 57
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $9,085/yr
- Flood zone (area est.)
- No · Low risk (X)
- Storm protection
- Impact Windows/Doors
- Exposure
- West
- Waterfront
- Yes
- Gulf access
- Yes
- Gulf access type
- Indirect — bridges/locks
- Pool
- Yes
- Spa
- Yes
- 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 4 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 |
|---|---|---|---|---|---|
| 312 NE 6th Terrace | Sep 2025 | $582,500 | 4/3 | 1,931 | $302 |
| 117 NE 5th Terrace | Jun 2026 | $695,000 | 3/3 | 2,150 | $323 |
| 610 NW 2nd Place | Aug 2026 | $630,000 | 4/3 | 1,931 | $326 |
| 122 SE 5th Avenue | Sep 2025 | $579,000 | 3/2 | 1,919 | $302 |
| Average | 4 comps | $621,625 | $313 |
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 $25,608 (3.8%) from the original list price.
| Jul 15, 2026 | Price reducedfrom $674,508 | $648,900 |
| Jun 19, 2026 | Back on market | |
| Jun 12, 2026 | Listed | $674,508 |
The good, the trade-offs & the location
- Built 2024 — post-2002 Florida wind codes (typically lower insurance)
- Lower flood risk (zone X)
- Private pool
- Gulf access (Indirect — bridges/locks)
- Storm protection: Impact Windows/Doors
- 3-car garage
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.