$1,465,000
3 Bed Pool Home for Sale in Cape Harbour
5514 Merlyn Lane, Cape Coral, FL, 33914
About this home
Welcome to the first-time offering of this exceptional waterfront home, perfectly positioned on a direct Gulf Access canal with **121 feet of seawall** and breathtaking **wide intersecting canal views** that create the perfect backdrop for unforgettable Southwest Florida sunsets. Designed with the boating enthusiast in mind, the expansive waterfront easily accommodates larger vessels, and **open water is just minutes away**, making every day an invitation to explore the Gulf. Lovingly maintained by its original owner, this custom residence showcases timeless architecture, quality craftsmanship, and thoughtful design throughout. Spacious living and family rooms are perfectly positioned to capture the tranquil water views, creating an inviting setting for both everyday living and entertaining. The kitchen features rich cherry-glazed cabinetry, recessed lighting, stainless steel appliances, a built-in wall oven, and a sleek cooktop. The private primary suite has been enhanced with updated flooring and offers a peaceful sitting area, while the luxurious primary bath offers recently updated cabinetry and countertops, dual vanities, a tiled walk-through shower, and a relaxing sunken soaking tub. Additional highlights include a **2023 tile roof**, **2023 5-ton air conditioning system**, 2023 Electrical Panel, central vacuum, elegant trim work, and numerous custom architectural details that add character and charm throughout the home. Whether you're searching for an exceptional boating property or a peaceful waterfront retreat, this rare Cape Harbour opportunity offers an unbeatable combination of location, quality, and spectacular views. Owner has an affordable transferable Flood Policy that offers additional peace of mind.
Property details
- Type
- SingleFamilyResidence
- Year built
- 1997
- Interior
- 2,669 sqft
- Lot size
- 17,424 sqft
- Acreage
- 0.40 acres
- Garage
- 2 car
- Days on market
- 35
- Total association fees
- $3,264/yr (~$272/mo)
- CDD
- None
- Est. taxes (1.4%)
- $20,510/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- 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
Total association fees sums the core association dues the MLS feed provides (HOA, condo/master association, and land lease), normalized to a yearly figure. These are separate from and additional to specialty charges, mandatory club or food-and-beverage minimums, special assessments, and rec-lease fees, which the IDX feed does not carry. Always confirm the full fee schedule with the HOA or listing agent.
Maintenance included in the fee
What the association dues cover, per the MLS. Confirm the full schedule with the HOA.
Amenities
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 |
|---|---|---|---|---|---|
| 5513 Merlyn Lane | Dec 2025 | $1,150,000 | 3/3 | 2,535 | $454 |
| 1524 SW 56th Terrace | Apr 2026 | $1,500,000 | 3/3 | 2,482 | $604 |
| 1720 SW 50th Terrace | Jul 2026 | $1,700,000 | 3/3 | 2,689 | $632 |
| 2401 SW 52nd Street | Mar 2026 | $1,575,000 | 3/3 | 2,504 | $629 |
| Average | 4 comps | $1,481,250 | $580 |
Market trends, Cape Harbour
Live community medians from the MLS · see all listings. Indicative, not an appraisal.
Price & status history
Down $184,000 (11.2%) from the original list price.
| Aug 21, 2026 | Price reducedfrom $1,496,500 | $1,465,000 |
| Jul 18, 2026 | Listed | $1,649,000 |
The good, the trade-offs & the location
- Private pool
- Waterfront
- 2-car garage
- Built 1997 — 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.