3 Bed Pool Home for Sale in Cape Coral
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For SaleMLS# 2026027457

$1,950,000

3 Bed Pool Home for Sale in Cape Coral

656 Coral Drive, Cape Coral, FL, 33904

3 beds2.5 baths2,927 sqft2 garage
GatedBoatingWaterfront

About this home

Step into this Florida Riverfront Retreat where classic coastal character meets beautifully renovated living along the majestic Caloosahatchee River! This exceptional Riverfront Home captures the essence of the Florida Lifestyle with a gleaming metal roof, expansive wraparound decking, and a coveted Southern Rear Exposure that fills the pool and outdoor living spaces with warm sunshine throughout the day! From the moment you arrive, the setting is unmistakable. Wide-open water views stretch toward the horizon, creating a spectacular backdrop for morning coffee, afternoon poolside gatherings, or unforgettable sunsets over the river. The generous wraparound deck invites you to slow down, relax, and enjoy the outdoors—just as Florida living was meant to be. The beautifully completed renovations thoughtfully enhance the home's original Florida character while providing the comfort and style today's buyer expects. Every improvement works together to create a residence that feels both authentic and effortlessly sophisticated. Beyond the pool deck, the beautiful Caloosahatchee River becomes your backyard playground. Watch pelicans dive for their next meal, boats cruise along the River, and Florida's natural wildlife unfold right before your eyes! With 122' of expansive water frontage and an extraordinary sense of privacy and space, this is a property where you can truly embrace the outdoors—whether you're boating, fishing, exploring, or simply soaking up the sunshine. This is more than a beautifully renovated home. It is an invitation to own almost 1/2 Acre of such a remarkable waterfront setting, that the location will always lend itself well for a future location of a much larger SWFL Dream Home in this Exceptional Neighborhood. Call today for your private showing appointment!

Property details

Type
SingleFamilyResidence
Year built
1987
Interior
2,927 sqft
Lot size
18,774.36 sqft
Acreage
0.43 acres
Garage
2 car
Days on market
0
Total association fees
None
CDD
None
Est. taxes (1.4%)
$27,300/yr
Flood zone (area est.)
Yes · High risk (AE)
Storm protection
Shutters
Exposure
South
Waterfront
Yes
Gulf access
Yes
Gulf access type
Direct — no bridges
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.

Above marketThis home is priced above comparable recent sales.
This home
$666/sqft
Comp median
$621/sqft
Difference
+7%

Based on the $/sqft of 6 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.

AddressSoldSold priceBeds/BathsSq ft$/sqft
825 Miramar CourtOct 2025$1,825,0004/33,008$607
5333 Majestic CourtApr 2026$1,872,5004/43,015$621
1135 Lorraine CourtFeb 2026$1,850,0004/33,029$611
5254 Tamiami CourtMar 2026$2,180,0004/43,052$714
5211 Tamiami CourtApr 2026$1,750,0004/32,822$620
5205 Tamiami CourtApr 2026$1,925,0003/32,781$692
Average6 comps$1,900,417$644

Market trends, Cape Coral

Median list
$399,900
Median $/sqft
$234
Median sold (90d)
$389,000
Avg days on market
95
Active listings
2,466
Median sold price · Cape Coral
$387,500last 3 months8.4% vs $357,500 prior 3 months
Median closed price by month · Cape Coral
0.3% MoM10.4% YoY
$340k$366k$392kJul ’25Aug ’26
$392,000Aug ’26 · 278 sales

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.

The good, the trade-offs & the location

Pros
  • Private pool
  • Gulf access (Direct — no bridges)
  • Storm protection: Shutters
  • 2-car garage
Consider
  • Built 1987 — pre-2002 construction may carry older wind codes and higher insurance
  • In a higher-risk flood zone (AE) — flood insurance likely required
Location convenienceHigh
Hospital
4.6 mi
HealthPark Medical Center
Beach
6.4 mi
Fort Myers Beach
Airport
6.6 mi
Page Field (Fort Myers)
Shopping
5.5 mi
Bell Tower Shops

Straight-line distances to major SWFL amenities, approximate; actual drive times vary.

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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.