$450,000
3 Bed Waterfront Home for Sale in Cape Coral
5114 SW 3rd Avenue, Cape Coral, FL, 33914
About this home
NO BRIDGES - LESS THAN 10 MINUTES TO RIVER! 105 FT OF WATERFRONT VS THE STANDARD 80 FT! BUILD YOUR DREAM HOME or take advantage of the existing Concrete block 3/2 with NEW ROOF and new LV flooring in the bedrooms. Unique, oversized SAILBOAT ACCESS lot in the heart of SW Cape Coral minutes from open water and Tarpon Point. With this unique lot and oversized waterfront, you could have a larger cruiser or sailboat plus your fishing or flats boat. Rare hammerhead lot offering extra drive next to the home and more space to build. Adjacent to the cul-de-sac surrounded by luxury homes. The existing concrete block home with NEW ROOF (2022) could be further remodeled to your tastes or tear it down and build your dream home on this AMAZING piece of land. City Water and sewer assessments are in and paid! No HOA!
Property details
- Type
- SingleFamilyResidence
- Year built
- 1966
- Interior
- 1,370 sqft
- Lot size
- 12,153.24 sqft
- Acreage
- 0.28 acres
- Garage
- 2 car
- Days on market
- 176
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $6,300/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- West
- 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
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 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.
| Address | Sold | Sold price | Beds/Baths | Sq ft | $/sqft |
|---|---|---|---|---|---|
| 166 SW 52nd Street | Oct 2025 | $503,000 | 2/2 | 1,303 | $386 |
| 4820 SW 2nd Place | Jun 2026 | $515,000 | 3/2 | 1,497 | $344 |
| 150 SW 53rd Street | Jan 2026 | $460,000 | 2/1 | 1,181 | $390 |
| Average | 3 comps | $492,667 | $373 |
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 $120,000 (21.8%) from the original list price.
| Jul 20, 2026 | Sold | $430,000 |
| Jun 24, 2026 | Back on market | |
| May 29, 2026 | Price reducedfrom $475,000 | $450,000 |
| Dec 26, 2025 | Listed | $550,000 |
The good, the trade-offs & the location
- Waterfront
- 2-car garage
- Built 1966 — 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.