$450,000
3 Bed 2 Bath Pool Waterfront SingleFamilyResidence for Sale in YACHT CLUB, FL
5310 Colonade Court, Cape Coral, FL, 33904
About this home
A blank canvas to build your DREAM HOME with DIRECT GULF ACCESS! Located steps from the reimagined Yacht Club development, this prime waterfront property in Cape Coral is being sold at lot value, offering an incredible opportunity to create your own piece of paradise. Nestled on a desirable canal with unrestricted access to the Gulf, this location is perfect for boaters and water enthusiasts. Don’t miss this chance to own a piece of Southwest Florida’s waterfront lifestyle—build new and make it yours! Please be aware that the existing structure sustained significant damage during Hurricane Ian and may be subject to the FEMA 50/50 rule, which could restrict renovations, unless the structure is elevated to meet FEMA height requirements. It is suggested to consult with an attorney or the city of Cape Coral's permitting department for further guidance.
Property details
- Type
- SingleFamilyResidence
- Year built
- 1964
- Interior
- 1,370 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 2 car
- Days on market
- 209
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $6,300/yr
- Flood zone (area est.)
- Yes · High risk (VE)
- Storm protection
- None listed
- Exposure
- West
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- Yes
- Spa
- Yes
- Natural gas
- No
- Water
- Public
- Sewer
- Public Sewer
- New construction
- No
- Pets
- Yes
- County
- Lee
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 |
|---|---|---|---|---|---|
| 5275 Stratford Court | Jul 2025 | $515,000 | 3/2 | 1,297 | $397 |
| 5246 Tower Drive | Jul 2026 | $435,000 | 2/2 | 1,428 | $305 |
| 5334 Cobalt Court | Oct 2025 | $430,000 | 3/2 | 1,288 | $334 |
| 5249 Sunset Court | Jul 2026 | $460,000 | 3/2 | 1,540 | $299 |
| Average | 4 comps | $460,000 | $334 |
Market trends — Yacht Club
Live community medians from the MLS · see all listings. Indicative, not an appraisal.
Price & status history
Down $70,000 (14.6%) from the original list price.
| Sep 22, 2025 | Sold | $410,000 |
| Jul 30, 2025 | Price reducedfrom $480,000 | $450,000 |
| Feb 14, 2025 | Listed | $480,000 |
The good, the trade-offs & the location
- Private pool
- Waterfront
- 2-car garage
- Built 1964 — pre-2002 construction may carry older wind codes and higher insurance
- In a higher-risk flood zone (VE) — 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.