$395,000
3 Bed 2 Bath Waterfront SingleFamilyResidence for Sale in CAPE CORAL, FL
5305 SW 2nd Place, Cape Coral, FL, 33914
About this home
This Sailboat Gulf access property is 7 miles from the Gulf or 2 miles to the Intracoastal Waterway. There are no bridges or wires in the canals between the property and the Intracoastal Waterway (ICW). Masts of any height can reach this property. The wire across Bimini Canal at El Dorado Parkway is gone. This neighborhood east of the Pelican Boulevard and SW 52nd Terrace intersection is like a marina of 375 homes; every house has a seawall with water deep enough for most boats at mean low tide. This property seawall provides 80 feet of deep water frontage. The 80-foot-wide canal in the backyard of the property is sheltered from wind and waves, suitable for a large sailboat or cruiser. A fuel truck can deliver fuel to your boat in your backyard. The lot is 80 feet by 125 feet, like most in this neighborhood. Over 30 large multi-story houses with pools are under construction or recently completed in this neighborhood. Reclaimed irrigation water, supplied by Cape Coral at a nominal monthly charge, is not metered so lawns are green all year. There are no mortgages or liens on this property. Purchase directly from the sole owner.
Property details
- Type
- SingleFamilyResidence
- Year built
- 1963
- Interior
- 1,370 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 1 car
- Days on market
- 143
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $5,530/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- North
- 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
- 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 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 |
|---|---|---|---|---|---|
| 5114 SW 3rd Avenue | Jul 2026 | $430,000 | 3/2 | 1,370 | $314 |
| 5830 SW 1st Court | Mar 2026 | $339,900 | 3/2 | 1,340 | $254 |
| 5816 SW 1st Place | Oct 2025 | $360,000 | 3/2 | 1,431 | $252 |
| 5279 Stratford Court | Jun 2026 | $355,000 | 2/2 | 1,532 | $232 |
| 5310 Colonade Court | Sep 2025 | $410,000 | 3/2 | 1,370 | $299 |
| 5334 Cobalt Court | Oct 2025 | $430,000 | 3/2 | 1,288 | $334 |
| Average | 6 comps | $387,483 | $281 |
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 $130,000 (26.5%) from the original list price.
| May 11, 2026 | Sold | $360,000 |
| Apr 8, 2026 | Price reducedfrom $420,000 | $395,000 |
| Dec 8, 2025 | Listed | $490,000 |
The good, the trade-offs & the location
- Waterfront
- Built 1963 — pre-2002 construction may carry older wind codes and higher insurance
- In a higher-risk flood zone (AE) — 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.