$369,900
3 Bed Waterfront Home for Sale in Cape Coral, FL, $369,900
1789 Four Mile Cove Parkway 545, Cape Coral, FL, 33990
About this home
Start your day with breathtaking waterfront views in this stunning penthouse condo, where the very best of the Florida boating lifestyle awaits. This spacious 3-bedroom, 2-bath residence features a screened balcony overlooking the water and your very own boat dock, with direct access from the primary suite and living room—creating the perfect place to enjoy your morning coffee at sunrise or unwind with an evening cocktail while taking in spectacular sunset views over your private dock and boat lift. Designed with boaters in mind, this exceptional property includes a private pier with a boat lift, direct Gulf access with no bridges, and the convenience of a public boat ramp just one street away. Additional features include assigned parking and a private exterior storage room located just outside your front door. Resort-style amenities make every day feel like a vacation. Enjoy a heated waterfront pool, relaxing hot tub, tennis and pickleball courts, kayak launch and storage, a grilling area, and a spacious waterfront gazebo/cabana that’s perfect for entertaining family, friends, and neighbors. Ideally located just 10 minutes from Downtown Cape Coral, 15 minutes from Downtown Fort Myers, and only 30 minutes from Fort Myers Beach and Sanibel Island, you’ll be just moments from waterfront restaurants, boutique shopping, live entertainment, and Southwest Florida’s world-famous beaches. Whether you’re looking for a year-round residence, a seasonal retreat, or an outstanding investment opportunity, this low-maintenance waterfront penthouse offers the perfect blend of comfort, convenience, and coastal luxury. Don’t miss your chance to own your own piece of paradise with the ultimate Florida waterfront lifestyle.
Property details
- Type
- Condominium
- Year built
- 2004
- Interior
- 1,330 sqft
- Lot size
- 9,879.408 sqft
- Acreage
- 0.23 acres
- Garage
- None
- Days on market
- 0
- Total association fees
- $7,200/yr (~$600/mo)
- CDD
- None
- Est. taxes (1.4%)
- $5,179/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- Impact Windows/Doors
- Exposure
- North
- Waterfront
- Yes
- Gulf access
- Yes
- Gulf access type
- Direct — Gulf frontage
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Assessment Paid
- Sewer
- Assessment Paid
- New construction
- No
- Pets
- Call, Conditional
- 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 5 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 |
|---|---|---|---|---|---|
| 1791 Four Mile Cove Parkway 612 | Nov 2025 | $332,000 | 3/2 | 1,330 | $250 |
| 1795 Four Mile Cove Parkway 825 | Nov 2025 | $347,500 | 3/2 | 1,330 | $261 |
| 1795 Four Mile Cove Parkway 831 | Feb 2026 | $334,500 | 3/2 | 1,395 | $240 |
| 1781 Four Mile Cove Parkway 121 | Dec 2025 | $329,000 | 3/2 | 1,395 | $236 |
| 1797 Four Mile Cove Parkway 1015 | Feb 2026 | $350,000 | 3/2 | 1,330 | $263 |
| Average | 5 comps | $338,600 | $250 |
Market trends — Island Cove of Cape Coral (Pondella)
Live community medians from the MLS · see all listings. Indicative, not an appraisal.
The good, the trade-offs & the location
- Built 2004 — post-2002 Florida wind codes (typically lower insurance)
- Gulf access (Direct — Gulf frontage)
- 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.