3 Bed Waterfront Home for Sale in Cape Coral
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For SaleMLS# 2025024251

$1,995,000

3 Bed Waterfront Home for Sale in Cape Coral

1218 Flamingo Drive, Cape Coral, FL, 33904

3 beds3.5 baths2,542 sqft2 garage
GatedBoatingWaterfront

About this home

Best Location in Cape Coral! This iconic Key West-style villa rests atop a Premier Location in Cape Coral! This home is situated on an expansive Oversized River Lot at Redfish Point and offers breathtaking, 270-degree Panoramic Views of the River, providing a daily spectacle of natural beauty. Constructed on 50 concrete pilings, the finished floor is elevated five feet above ground level. A winding paver driveway and walkway lead to this distinctive Florida residence, featuring two enclosed porches that add nearly 1,000 square feet of additional living space, perfect for enjoying the Southwest Florida lifestyle. The home’s design includes volume ceilings and large windows that enhance the open great room, allowing an abundance of natural light to illuminate the space and highlight the stunning river views. Notable upgrades include real wood plantation shutters throughout, exquisite granite countertops in the kitchen and bathrooms, upgraded fixtures, stainless steel appliances, a new air conditioning system installed in 2021, a newer seawall completed in 2018, and a combination of wood and tile flooring. Nestled in a secluded and tranquil neighborhood, this property offers convenient access to the amenities of the Cape Coral Yacht Club. Whether you choose to enjoy the home in its current state or consider it as a prime building site in Lee County, this property is ready to fulfill your vision.

Property details

Type
SingleFamilyResidence
Year built
1997
Interior
2,542 sqft
Lot size
15,333.12 sqft
Acreage
0.35 acres
Garage
2 car
Days on market
233
Total association fees
None
CDD
None
Est. taxes (1.4%)
$27,930/yr
Flood zone (area est.)
Yes · High risk (VE)
Storm protection
Impact Windows/Doors, Shutters
Exposure
South
Waterfront
Yes
Gulf access
Yes
Gulf access type
Direct — no bridges
Pool
No
Spa
No
Natural gas
No
Water
Assessment Paid
Sewer
Assessment Paid
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
$785/sqft
Comp median
$616/sqft
Difference
+27%

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
14328 Harbour Landings Drive 18COct 2025$1,500,0003/22,434$616
818 Montclaire CourtFeb 2026$1,600,0004/32,676$598
5257 Nautilus DriveDec 2025$1,590,0003/32,443$651
Average3 comps$1,563,333$622

Market trends, Cape Coral

Median list
$399,000
Median $/sqft
$232
Median sold (90d)
$385,000
Avg days on market
94
Active listings
2,481
Median sold price · Cape Coral
$385,000last 3 months7.2% vs $359,000 prior 3 months
Median closed price by month · Cape Coral
1.3% MoM8.4% YoY
$340k$365k$390kJul ’25Aug ’26
$384,750Aug ’26 · 413 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
  • Gulf access (Direct — no bridges)
  • Storm protection: Impact Windows/Doors, Shutters
  • 2-car garage
Consider
  • Built 1997 — pre-2002 construction may carry older wind codes and higher insurance
  • In a higher-risk flood zone (VE) — flood insurance likely required
Location convenienceHigh
Hospital
3.9 mi
HealthPark Medical Center
Beach
6.1 mi
Fort Myers Beach
Airport
6.1 mi
Page Field (Fort Myers)
Shopping
4.9 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.