3 Bed Waterfront Home for Sale in Cape Coral
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For SaleMLS# 2026030709

$519,000

3 Bed Waterfront Home for Sale in Cape Coral

4800 SW 12th Place, Cape Coral, FL, 33914

3 beds2 baths1,598 sqft2 garage
GatedBoatingWaterfront

About this home

CHECK THIS ONE OUT! The LOWEST-PRICED DIRECT GULF ACCESS home in highly desirable Unit 64! This sailboat access property offers quick, no-bridge access to the Gulf, just minutes from Tarpon Point, Cape Harbour, and open water. Located in the sought-after 33914 SW Cape on the Gloriana Canal, this home features coveted WESTERN rear exposure—perfect for enjoying breathtaking Southwest Florida sunsets—and the opportunity to fish right from your own backyard. For investors, this is a rare opportunity. The home is being offered fully TURNKEY and is a proven, successful vacation rental with an established website and strong online search presence, making it ready to generate income from day one. Ideally situated within walking or biking distance to Cape Harbour, Publix, shopping, and a variety of restaurants, this location is hard to beat. Best of all, this property IS NOT IN A FLOOD ZONE and has never experienced flooding or water intrusion.

Property details

Type
SingleFamilyResidence
Year built
1983
Interior
1,598 sqft
Lot size
11,107.8 sqft
Acreage
0.26 acres
Garage
2 car
Days on market
1
Total association fees
None
CDD
None
Est. taxes (1.4%)
$7,266/yr
Flood zone (area est.)
Yes · High risk (AE)
Storm protection
None listed
Exposure
West
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.

Below marketThis home is priced below comparable recent sales, a potential value.
This home
$325/sqft
Comp median
$356/sqft
Difference
-9%

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
5024 Skyline BoulevardJan 2026$460,0003/21,616$285
5317 SW 11th PlaceMar 2026$530,0003/21,405$377
617 SW 51st TerraceFeb 2026$585,0002/21,645$356
Average3 comps$525,000$339

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)
  • 2-car garage
Consider
  • Built 1983 — pre-2002 construction may carry older wind codes and higher insurance
  • In a higher-risk flood zone (AE) — flood insurance likely required
Location convenienceHigh
Hospital
6 mi
Cape Coral Hospital
Beach
8.2 mi
Fort Myers Beach
Airport
8.7 mi
Page Field (Fort Myers)
Shopping
7.1 mi
Coralwood / Merchants Crossing (Cape)

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.