$309,900
3 Bed 2 Bath Waterfront Condominium for Sale in ISLAND COVE OF CAPE CORAL, FL
1785 Four Mile Cove Parkway 342, Cape Coral, FL, 33990
About this home
A highly sought after turnkey PENTHOUSE condo 3 bed 2 bath. Seller is motivated. A hidden gem in a gated boating community of Island Cove Condos in southeast Cape Coral. Slips available for sale and rent. Short ride to the river and Gulf of America, no bridges. Well maintained and landscaped community. An active boating community supporting 140 slips. Close to shopping, restaurants and services. Upgraded appliance, lighting and fans with 10-foot-high tray ceilings throughout. New roof, new ac and compressor, new stove/ double oven air fryer, new dish washer and new water heater. All stainless-steel appliances, pantry and upgraded kitchen storage. Upgraded ensuite master shower and private access to screened in lanai. Upgraded washroom storage area. Impact windows and doors, plantation shutters throughout. Upgraded master bedroom closets. Digital WIFI thermostat. Sliding screen front door. The property has a heated pool, hot tub, several outdoor grill areas, a walking path around the community, pickleball and tennis courts, netted driving range and other games, a meeting room all available to its residence. Relax at home in this quiet community or engage in an active community events schedule with mixers, live bands and holiday celebrations. Private assigned covered parking space and plenty of parking for guest. Elevator and garbage shoots. All assessments paid. Beautiful view from your lanai in a well-maintained community. If you’re a boater this is your paradise direct gulf access no bridges. Move in ready just bring a toothbrush and swim trunks. A great snowbird property, just lock and leave or great rental possibilities.
Property details
- Type
- Condominium
- Year built
- 2004
- Interior
- 1,330 sqft
- Lot size
- Not specified
- Acreage
- Not specified
- Garage
- None
- Days on market
- 131
- Total association fees
- $7,200/yr (~$600/mo)
- CDD
- None
- Est. taxes (1.4%)
- $4,339/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- Impact Windows/Doors
- Exposure
- North
- 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
- Yes
- 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 8 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 |
|---|---|---|---|---|---|
| 1783 Four Mile Cove Parkway 212 | Jul 2026 | $279,900 | 3/2 | 1,330 | $210 |
| 1781 Four Mile Cove Parkway 121 | Dec 2025 | $329,000 | 3/2 | 1,395 | $236 |
| 1791 Four Mile Cove Parkway 612 | Nov 2025 | $332,000 | 3/2 | 1,330 | $250 |
| 1791 Four Mile Cove Parkway 644 | Nov 2025 | $275,000 | 2/2 | 1,226 | $224 |
| 1793 Four Mile Cove Parkway 733 | Dec 2025 | $310,000 | 2/2 | 1,226 | $253 |
| 1795 Four Mile Cove Parkway 825 | Nov 2025 | $347,500 | 3/2 | 1,330 | $261 |
| Average | 6 comps | $312,233 | $239 |
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 $69,100 (18.2%) from the original list price.
| May 22, 2026 | Sold | $309,900 |
| Apr 7, 2026 | Price reducedfrom $319,900 | $309,900 |
| Mar 3, 2026 | Back on market | |
| Dec 11, 2025 | Listed | $379,000 |
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.