$389,900
3 Bed Waterfront Home for Sale in Cape Coral
526 NE 5th Court, Cape Coral, FL, 33909
About this home
This brand-new waterfront home in Cape Coral features an open layout with tile flooring throughout, a bright kitchen and living area, and quality finishes designed for everyday comfort. The walls have a level 4 finish for a smooth, modern look, and gutters are installed around the entire home with drainage directed away from the foundation for long-term protection. Impact windows provide energy efficiency, peace of mind, and extra storm protection. Outside, you’ll enjoy an extended lanai with a built-in outdoor kitchen, perfect for relaxing or entertaining, along with paver walkways that add curb appeal and functionality. The property is connected to city water and sewer with a very low assessment balance, has no HOA restrictions, and NO FLOOD insurance is required. Centrally located, this home is just minutes from shopping, dining, schools, and all that Cape Coral has to offer, making it a practical and desirable choice in one of the area’s fastest-growing neighborhoods.
Property details
- Type
- SingleFamilyResidence
- Year built
- 2025
- Interior
- 1,431 sqft
- Lot size
- 10,236.6 sqft
- Acreage
- 0.23 acres
- Garage
- 2 car
- Days on market
- 72
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $5,459/yr
- Flood zone (area est.)
- No · Low risk (X)
- Storm protection
- Impact Windows/Doors
- Exposure
- Southwest
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Assessment Unpaid
- Sewer
- Assessment Unpaid
- New construction
- Yes
- 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 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 |
|---|---|---|---|---|---|
| 317 Tropicana Parkway | Dec 2025 | $345,000 | 3/2 | 1,431 | $241 |
| 313 Tropicana Parkway | Dec 2025 | $335,000 | 3/2 | 1,431 | $234 |
| 125 NE 5th Terrace | Feb 2026 | $355,000 | 3/2 | 1,444 | $246 |
| 220 NE 9th Street | Jun 2026 | $399,000 | 3/2 | 1,600 | $249 |
| Average | 4 comps | $358,500 | $243 |
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 $9,100 (2.3%) from the original list price.
| Dec 18, 2025 | Sold | $389,900 |
| Oct 23, 2025 | Price reducedfrom $395,000 | $389,900 |
| Sep 10, 2025 | Listed | $399,000 |
The good, the trade-offs & the location
- Built 2025 — post-2002 Florida wind codes (typically lower insurance)
- New construction
- Lower flood risk (zone X)
- Waterfront
- Storm protection: Impact Windows/Doors
- 2-car garage
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.