3 Bed Pool Home for Sale in Cape Coral
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For SaleMLS# 226026927

$535,000

3 Bed Pool Home for Sale in Cape Coral

5304 Bayshore Avenue, Cape Coral, FL, 33904

3 beds2 baths2,266 sqft1 garage
GatedBoatingWaterfront

About this home

Fabulous teardown investment opportunity! The lowest priced, huge double lot, teardown home in the sought after Yacht Club neighborhood with direct gulf access. The home has been water damaged and the opportunity is here to build a multi million dollar home to nestle among the others already built. The double lot gives the potential for the largest home on the street.

Property details

Type
SingleFamilyResidence
Year built
1973
Interior
2,266 sqft
Lot size
16,465.68 sqft
Acreage
0.38 acres
Garage
1 car
Days on market
21
Total association fees
None
CDD
None
Est. taxes (1.4%)
$7,490/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 Unpaid
Sewer
Assessment Unpaid
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
$236/sqft
Comp median
$201/sqft
Difference
+17%

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.

AddressSoldSold priceBeds/BathsSq ft$/sqft
529 Coral DriveAug 2026$410,0003/22,237$183
5358 Coral AvenueJan 2026$465,0003/22,256$206
647 Coral DriveJun 2026$460,0003/22,341$196
5622 Deauville CourtDec 2025$580,0003/22,238$259
Average4 comps$478,750$211

Market trends, Cape Coral

Median list
$399,000
Median $/sqft
$232
Median sold (90d)
$384,900
Avg days on market
92
Active listings
2,487
Median sold price · Cape Coral
$384,995last 3 months5.5% vs $365,000 prior 3 months
Median closed price by month · Cape Coral
1.3% MoM7.1% YoY
$340k$365k$390kJul ’25Sep ’26
$375,000Sep ’26 · 74 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
  • Waterfront
Consider
  • Built 1973 — 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
5.4 mi
HealthPark Medical Center
Beach
6.9 mi
Fort Myers Beach
Airport
7.1 mi
Page Field (Fort Myers)
Shopping
6.2 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.