$1,400,000
3 Bed Pool Home for Sale in Cape Coral
5346 Malaluka Court, Cape Coral, FL, 33904
About this home
Welcome to your Southwest Florida waterfront dream home! Built in 2018 and perfectly positioned on a direct Gulf access canal, this exceptional residence offers the ideal combination of luxury, comfort, and boating lifestyle. Bring your sailboat and enjoy a private dock with slip, a 10,000-pound boat lift, and a charming tiki hut overlooking the water. Western exposure provides breathtaking sunsets that Florida's Gulf Coast is famous for, creating the perfect backdrop for relaxing evenings. This thoughtfully designed home features 3 bedrooms, 2.5 bathrooms, a private den/office, a spacious Florida/game room complete with a pool table, and soaring 12-foot tray ceilings that enhance the open, airy feel throughout. The gourmet kitchen is designed for both entertaining and everyday living, featuring a large center island with a separate vegetable prep sink, breakfast bar seating, abundant cabinetry, and an open flow into the main living areas. Remote-controlled blinds throughout most of the home provide added convenience and comfort. The luxurious owner's suite offers a true retreat with dual walk-in closets and an impressive walk-through shower. Step outside to the spectacular 37' x 14' covered lanai and expansive pool deck that extends the full length of the home. Enjoy the propane-heated pool and spa, pool bath, and fully equipped summer kitchen with a propane grill, making outdoor entertaining effortless year-round. Built with both comfort and peace of mind in mind, this home includes impact-resistant hurricane windows and doors, Kevlar hurricane screens for additional storm protection, a generator connection with transfer breaker to the electrical panel, a buried 500-gallon propane tank, and a 50-amp outlet on the driveway that's perfect for an RV or Tesla charging. Completing this incredible property is a spacious three-car garage, offering ample room for vehicles, storage, and all your waterfront toys. This is a rare opportunity to own a meticulously maintained waterfront home that truly has it all including an Avocado and Key Lime tree!!
Property details
- Type
- SingleFamilyResidence
- Year built
- 2018
- Interior
- 2,587 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 3 car
- Days on market
- 14
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $19,600/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- Impact Windows/Doors, Shutters
- Exposure
- West
- Waterfront
- Yes
- Gulf access
- Yes
- Gulf access type
- Direct — no bridges
- Pool
- Yes
- Spa
- Yes
- Natural gas
- Yes
- 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 |
|---|---|---|---|---|---|
| 818 Montclaire Court | Feb 2026 | $1,600,000 | 4/3 | 2,676 | $598 |
| 5338 Del Monte Court | Apr 2026 | $1,475,000 | 3/3 | 2,622 | $563 |
| 5257 Nautilus Drive | Dec 2025 | $1,590,000 | 3/3 | 2,443 | $651 |
| Average | 3 comps | $1,555,000 | $604 |
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 $165,000 (11%) from the original list price.
| Aug 27, 2026 | Sold | $1,335,000 |
| Jul 13, 2026 | Price reducedfrom $1,500,000 | $1,400,000 |
| Jul 10, 2026 | Listed | $1,500,000 |
The good, the trade-offs & the location
- Built 2018 — post-2002 Florida wind codes (typically lower insurance)
- Private pool
- Gulf access (Direct — no bridges)
- Storm protection: Impact Windows/Doors, Shutters
- 3-car garage
- 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.