3 Bed Waterfront Home for Sale in Cascades
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For SaleMLS# 2026039459

$387,700

3 Bed Waterfront Home for Sale in Cascades

15289 Yellow Wood Drive, Alva, FL, 33920

3 beds2 baths2,124 sqft2 garage
GatedPickleballTennisBocceFitness CenterClubhouseCommunity Pool55+Waterfront

About this home

What’s Special: Modern island with Quartz countertops, Private Lake View, Hurricane Windows Exceptionally quiet interior, Spacious Bathrooms/showers, South facing lanai, Screened front porch and so much more! Experience relaxed Florida living with tranquil lake views in this beautifully maintained 3-bedroom home, located in the highly desirable 55+ community of Cascades at River Hall. Quality built by Levitt & Sons, this light-filled residence features vaulted ceilings, and an open-concept design. It is exceptionally quiet inside thanks to Hurricane impact windows and doors. Situated outside of a flood zone and has no history of flooding. Thoughtful energy-efficient upgrades provide both comfort and cost savings, including added attic insulation, added active bedroom air return ducts, foam insulation within exterior block walls, tinted impact windows, and a high-efficiency Lennox heat pump (installed November 30, 2023; 15.8 SEER2) with a quiet variable-speed blower and transferable 10-year parts warranty. New roof in 2018 has a 30 year underlayment warranty, upgraded to high temp Polystiick/peal and Stick. No nails or screws. Manufacturer guarantee is 40 years. The updated kitchen (2016) showcases quartz countertops, a stylish tile backsplash, stainless double sink, center island with electrical outlets, reverse osmosis water faucet, and modern fixtures. Laminate flooring with added cushioning runs throughout the main living areas, creating a cohesive and comfortable feel. The guest bathroom features a walk-in shower (tub removed) and a newly updated toilet (2025). In the primary suite, the bathroom includes a raised shower floor, a handheld and rain showerhead, and a heat lamp for added comfort, along with a garden tub. More additional highlights; the home is built with metal studs which provide termite resistance and no moisture swelling, mailbox is on property, garage has epoxy flooring, a whole-house water filtration and softener system, front entry is screened for excellent cross ventilation, and an extended south-facing screened lanai with high-density shade screening—ideal for enjoying peaceful lake and landscaped views year-round. Residents enjoy resort-style amenities, including a clubhouse, pool and spa, fitness center, aerobic room, tennis, pickleball, bocce, yoga, kitchen and a vibrant social calendar. Low HOA fees conveniently cover lawn care, TV and internet. The community is ideally located near shopping, dining, and the beautiful Gulf Coast beaches.

Property details

Type
SingleFamilyResidence
Year built
2006
Interior
2,124 sqft
Lot size
7,056.72 sqft
Acreage
0.16 acres
Garage
2 car
Days on market
0
Total association fees
$4,308/yr (~$359/mo)
CDD
None
Est. taxes (1.4%)
$5,428/yr
Flood zone (area est.)
Not available
Storm protection
Impact Windows/Doors
Exposure
South
Waterfront
Yes
Gulf access
No
Gulf access type
N/A
Pool
No
Spa
No
Natural gas
No
Water
Public
Sewer
Public Sewer
New construction
No
Pets
Call, Conditional
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

CableTvInternetIrrigationWaterMaintenanceGroundsPestControlRecreationFacilitiesRoadMaintenanceStreetLights

What the association dues cover, per the MLS. Confirm the full schedule with the HOA.

Amenities

BocceCourtClubhouseFitnessCenterHobbyRoomOtherPickleballPoolSpaHotTubTennisCourtsManagement
Above marketThis home is priced above comparable recent sales.
This home
$183/sqft
Comp median
$156/sqft
Difference
+17%

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.

AddressSoldSold priceBeds/BathsSq ft$/sqft
15295 Yellow Wood DriveMar 2026$350,0002/22,149$163
3296 Hampton BoulevardSep 2026$334,0003/22,143$156
15655 Angelica DriveApr 2026$338,5004/22,193$154
Average3 comps$340,833$158

Market trends, Alva

Median list
$419,103
Median $/sqft
$213
Median sold (90d)
$360,500
Avg days on market
78
Active listings
158
Median sold price · Alva
$360,500last 3 months7.6% vs $390,000 prior 3 months
Median closed price by month · Alva
3.6% MoM14.6% YoY
$320k$398k$475kJul ’25Sep ’26
$359,250Sep ’26 · 10 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
  • Built 2006 — post-2002 Florida wind codes (typically lower insurance)
  • Waterfront
  • Storm protection: Impact Windows/Doors
  • 2-car garage
Consider
  • 55+ age-restricted community
Location convenienceModerate
Hospital
7 mi
Lehigh Regional Medical Center
Beach
22.7 mi
Fort Myers Beach
Airport
11.5 mi
RSW Intl (Fort Myers)
Shopping
12.2 mi
Edison Mall (Fort Myers)

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.