$345,000
3 Bed 2 Bath Waterfront Condominium for Sale in ISLAND COVE OF CAPE CORAL, FL
1795 Four Mile Cove Parkway 831, Cape Coral, FL, 33990
About this home
Welcome to Island Cove of Cape Coral—where a true BOATER’S LIFESTYLE meets a vibrant, resort-style community! This impeccably clean, beautifully updated 3-bedroom, 3rd-floor end unit offers exceptional privacy and stunning views of the Gulf-access canal and peaceful preserve. With impact windows and doors, and the advantage of a corner-unit layout, the home is filled with extra natural light, creating a bright, airy coastal feel throughout. The building also features a new roof for added peace of mind and long-term value. Enjoy sailboat-access, no-bridge navigation with open water just minutes away—one of the most desirable boating setups Southwest Florida offers. While this residence does not include a personal boat slip, Island Cove has 140 total slips within the community—13 are 35' (accommodating up to a 37' boat), and the remaining 25' slips fit up to a 27' boat. Some slips are available for lease or purchase from other current slip owners, giving owners the flexibility to choose the setup that best fits their boating needs. The community’s well-kept canal system and direct river access make everyday outings smooth, scenic, and enjoyable. Convenience continues with an assigned covered carport plus an additional uncovered parking space, a rare and valuable advantage for residents or guests. The building’s elevator makes access simple, and the condo’s location within the community offers close proximity to the amenities while still maintaining a quiet, private setting. Island Cove is a gated waterfront community known for being lively, social, and welcoming. The Activities Committee hosts monthly gatherings during the winter season months, fun community mixers, occasional live music nights, and festive holiday celebrations, creating a true neighborhood atmosphere where it’s easy to make friends and stay engaged throughout the year. Whether you enjoy socializing poolside, participating in events, or simply relaxing by the water, the community offers something for everyone. Resort-style amenities include pickleball courts, tennis courts, a heated swimming pool, hot tub, BBQ/picnic area, walking path, and beautifully maintained tropical landscaping throughout the property. Kayakers, paddleboarders, and boaters alike appreciate the calm canal setting and easy access to wildlife viewing and scenic waterways. Best of all, no units in Island Cove experienced flooding, offering added confidence, stability, and peace of mind for both full-time residents and seasonal owners.
Property details
- Type
- Condominium
- Year built
- 2004
- Interior
- 1,395 sqft
- Lot size
- 9,879.408 sqft
- Acreage
- 0.23 acres
- Garage
- None
- Days on market
- 61
- Total association fees
- $7,200/yr (~$600/mo)
- CDD
- None
- Est. taxes (1.4%)
- $4,830/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- 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
- Assessment Paid
- Sewer
- Assessment Paid
- 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
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 7 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 |
|---|---|---|---|---|---|
| 1795 Four Mile Cove Parkway 825 | Nov 2025 | $347,500 | 3/2 | 1,330 | $261 |
| 1793 Four Mile Cove Parkway 733 | Dec 2025 | $310,000 | 2/2 | 1,226 | $253 |
| 1797 Four Mile Cove Parkway 1015 | Feb 2026 | $350,000 | 3/2 | 1,330 | $263 |
| 1791 Four Mile Cove Parkway 612 | Nov 2025 | $332,000 | 3/2 | 1,330 | $250 |
| 1785 Four Mile Cove Parkway 342 | May 2026 | $309,900 | 3/2 | 1,330 | $233 |
| 1781 Four Mile Cove Parkway 121 | Dec 2025 | $329,000 | 3/2 | 1,395 | $236 |
| Average | 6 comps | $329,733 | $249 |
Market trends — Island Cove of Cape Coral (Pondella)
Live community medians from the MLS · see all listings. Indicative, not an appraisal.
Price & status history
Down $10,500 (3%) from the original list price.
| Feb 27, 2026 | Sold | $334,500 |
| Dec 1, 2025 | Listed | $345,000 |
The good, the trade-offs & the location
- Built 2004 — post-2002 Florida wind codes (typically lower insurance)
- Waterfront
- Storm protection: Impact Windows/Doors
- In a higher-risk flood zone (AE) — flood insurance likely required
- No garage listed
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.