3 Bed Waterfront Home for Sale in Cape Coral, FL, $450,000
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For SaleMLS# 2026031902

$450,000

3 Bed Waterfront Home for Sale in Cape Coral, FL, $450,000

4240 SE 20th Place 210, Cape Coral, FL, 33904

3 beds2 baths1,593 sqft
GatedBoatingClubhouseCommunity PoolWaterfront

About this home

Experience the Best of Cape Coral Waterfront Living Nestled in the highly sought-after Beach Parkway neighborhood, this beautifully updated second-floor condo offers the perfect blend of waterfront living, modern updates, and carefree convenience. Located in a no-bridge, direct Gulf access community just one turn from the Calusahatchee River, you'll enjoy beautiful western sunsets, the convenience of Jaycee Park just a short stroll away, and one of Cape Coral's most desirable riverfront locations. Offering nearly 1,600 square feet, this spacious 3-bedroom, 2-bath home welcomes you with luxury vinyl plank flooring throughout, plantation shutters, and an inviting open layout designed for comfortable everyday living and entertaining. The updated kitchen features granite countertops, ample cabinetry, generous prep space, and newer stainless steel appliances (less than five years old). A convenient wet bar is perfect for entertaining before stepping onto the spacious screened lanai—your front-row seat to peaceful canal views and spectacular western sunsets. The desirable split-bedroom floor plan offers privacy for owners and guests, while the versatile front den makes an ideal home office, reading nook, or sitting area. The spacious primary suite features direct lanai access, dual closets, and a beautifully updated ensuite bath with a walk-in shower and dual vanity. Enjoy peace of mind with impact windows, Kevlar lanai hurricane protection, manual hurricane shutters, a new electrical panel, A/C approximately four years old, water heater approximately two years old, newer kitchen appliances, and an inside laundry room. Community amenities include a heated pool, spa, sauna, clubhouse, waterfront dock with umbrella-covered seating, and Cable and Wi-Fi included in the HOA. Boat slips and lifts are available for rent or purchase when opportunities arise. Adding even more value, the community has already completed its major improvements, including new roofs, exterior paint, railings, carports, impact windows, and an expanded pool deck with new furnishings, providing buyers added confidence with no major HOA projects currently anticipated. Just a short walk to Jaycee Park, you'll enjoy riverfront green space, picnic pavilions, community events, and one of Cape Coral's favorite places to take an evening stroll or catch the sunset. Beautifully updated, ideally located, and offering the peace of mind of a community where the major improvements have already been completed, this is your opportunity to enjoy the very best of Cape Coral waterfront living.

Property details

Type
Condominium
Year built
1988
Interior
1,593 sqft
Lot size
24,132.24 sqft
Acreage
0.55 acres
Garage
None
Days on market
0
Total association fees
$8,760/yr (~$730/mo)
CDD
None
Est. taxes (1.4%)
$6,300/yr
Flood zone (area est.)
Yes · High risk (AE)
Storm protection
Impact Windows/Doors, Shutters
Exposure
West
Waterfront
Yes
Gulf access
No
Gulf access type
N/A
Pool
No
Spa
No
Natural gas
No
Water
Public
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

AssociationManagementCableTvInternetIrrigationWaterMaintenanceGroundsPestControlRecreationFacilitiesReserveFundSewerTrashWater

What the association dues cover, per the MLS. Confirm the full schedule with the HOA.

Amenities

BoatDockClubhousePoolSaunaSpaHotTubStorageTrashVehicleWashAreaManagement

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.

At marketThis home is priced in line with comparable recent sales.
This home
$282/sqft
Comp median
$297/sqft
Difference
-5%

Based on the $/sqft of 9 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.

AddressSoldSold priceBeds/BathsSq ft$/sqft
4240 SE 20th Place 212Jan 2026$400,0003/21,593$251
4235 SE 20th Place C302Dec 2025$540,0003/31,725$313
1814 Beach Parkway 201Aug 2025$440,0003/21,730$254
1814 Beach Parkway 301Jan 2026$460,0003/21,730$266
1624 Beach Parkway 102Jun 2026$553,5003/21,662$333
1623 SE 39th TerraceJul 2026$439,0003/21,479$297
Average6 comps$472,083$286

Market trends — Cape Coral

Median list
$400,000
Median $/sqft
$234
Median sold (90d)
$385,000
Avg days on market
94
Active listings
2,497
Median sold price · Cape Coral
$385,000last 3 months7.2% vs $359,000 prior 3 months
Median closed price by month · Cape Coral
2.6% MoM11.3% YoY
$340k$368k$395kJul ’25Jul ’26
$395,000Jul ’26 · 358 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
  • Waterfront
  • Storm protection: Impact Windows/Doors, Shutters
Consider
  • Built 1988 — pre-2002 construction may carry older wind codes and higher insurance
  • In a higher-risk flood zone (AE) — flood insurance likely required
  • No garage listed
Location convenienceHigh
Hospital
4.3 mi
HealthPark Medical Center
Beach
8.3 mi
Fort Myers Beach
Airport
4.4 mi
Page Field (Fort Myers)
Shopping
3.9 mi
Bell Tower Shops

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.