$439,000
3 Bed 2 Bath Waterfront SingleFamilyResidence for Sale in CAPE CORAL, FL
3428 SW 5th Avenue, Cape Coral, FL, 33914
About this home
Welcome to your slice of Southwest Florida paradise, where water, beauty, and opportunity come together in one exceptional property! Perfectly positioned just off Pelican Boulevard in one of Cape Coral’s most desirable locations, this stunning 3-bedroom, 2-bath waterfront home sits on an ***OVERSIZED LOT*** surrounded by an incredible amount of freshwater frontage, creating a rare and peaceful setting you won’t find just anywhere. This is the waterfront lifestyle buyers are searching for—without the worry. Located on freshwater canals and lakes, this home offers protection from storm surge versus salt water, and notably, the property has had no flooding during past hurricanes, giving added peace of mind. At the heart of the home is a beautifully updated kitchen designed for both everyday living and effortless entertaining, flowing seamlessly into the main living areas. But what truly sets this home apart is what awaits outside… Step onto your expansive, oversized lanai and take in the breathtaking wide water views of Mohave Lake, where the Courtney Canal meets the lake and opens to an extensive freshwater canal system. The result is a stunning panoramic setting filled with sparkling water, tropical breezes, and unforgettable sunrises and sunsets. And here’s where the opportunity becomes truly exciting, The oversized lot offers the perfect canvas to design and build your own custom dream pool. Imagine creating a one-of-a-kind outdoor oasis tailored exactly to your vision—your shape, your style, your colors, perfectly positioned to capture those incredible waterviews. The primary suite is a private retreat, featuring an updated, spa-inspired bathroom with refined finishes and a relaxing ambiance. Located just minutes from downtown Cape Coral, you’ll enjoy easy access to dining, shopping, and entertainment, while still coming home to a peaceful waterfront escape. Homes like this, with expansive freshwater views, no storm surge risk, and room to create your own backyard paradise, are rare and in high demand. Don’t miss your chance to own a truly special piece of Southwest Florida living. Schedule your private showing today and experience firsthand what makes this home so unique.
Property details
- Type
- SingleFamilyResidence
- Year built
- 1998
- Interior
- 1,995 sqft
- Lot size
- 16,831.584 sqft
- Acreage
- 0.39 acres
- Garage
- 2 car
- Days on market
- 65
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $6,146/yr
- Flood zone (area est.)
- No · Low risk (X)
- Storm protection
- Shutters
- 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
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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Your notes on this home
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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 |
|---|---|---|---|---|---|
| 226 SW 30th Terrace | Feb 2026 | $395,000 | 3/2 | 1,917 | $206 |
| 931 SW 35th Terrace | Aug 2025 | $450,000 | 3/2 | 1,853 | $243 |
| 3931 Pelican Boulevard | Jan 2026 | $450,000 | 3/2 | 1,921 | $234 |
| 3014 SW 1st Avenue | Apr 2026 | $424,900 | 4/3 | 2,118 | $201 |
| 227 SW 28th Terrace | Jan 2026 | $490,000 | 3/2 | 1,889 | $259 |
| 123 SW 29th Street | Jun 2026 | $384,000 | 4/2 | 2,048 | $188 |
| Average | 6 comps | $432,317 | $222 |
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 $27,000 (6%) from the original list price.
| May 6, 2026 | Sold | $422,000 |
| Mar 16, 2026 | Price reducedfrom $444,000 | $439,000 |
| Feb 1, 2026 | Listed | $449,000 |
The good, the trade-offs & the location
- Lower flood risk (zone X)
- Waterfront
- Storm protection: Shutters
- 2-car garage
- Built 1998 — pre-2002 construction may carry older wind codes and higher insurance
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.