$519,900
3 Bed Waterfront Home for Sale in Blue Water, FL, $519,900
198 Shadroe Cove Circle 502, Cape Coral, FL, 33991
About this home
Your Slice Of Paradise! This Spacious 3 Bedroom, 2 Bath Coach Home Includes A Private Boat Dock w/10k lb Lift And Affords Fast Gulf Access With Only One Bridge Out To The Spreader, Matlacha Pass And Gulf. Check Out the Virtual Tour And See The Many Upgrades: Granite Counters & Hardwood Cabinetry In Both Baths and Kitchen, Tiled Backsplash, Pendant Lighting Over Kitchen Counter, A Wet Bar w/Wine Cooler & Ice Maker, Primary Bath W/Separate Soaking Tub and Walk In Shower, Large Walk-In Closet For Primary Bedroom, Large Laundry Room w/Cabinets, And Your Own Oversized Private 2 Car Garage. You Will Have Peace of Mind From The New Hurricane Rated Glass Windows ('25), Roll Down Electric Shutters For The Lanai, And Hurricane Accordian-Type Shutters On Top of All That. New A/C Unit, Inside & Out ('26). The Gated Bluewater Coach Home Community Has Lush Landscape, Beautiful New Tile Roofs ('24) Has A Beautiful Clubhouse w/Community Room, A Lake-Shaped Heated Pool w/Separate Heated Spa, Excercise Room and Kitchen. You Will Love An Evening Walk Along The Boardwalk And A Stop At The Large Community Tiki Hut. No Residence In Blue Water Coach Homes Has Ever Flooded - Ever! The HOA Fee Includes Building Insurance, Building Flood Insurance, Complete Lawncare Services, City Water & Sewer, And Amenities. There Are 56 Residences In This Community and Only 36 Docks, So Owning Your Own Private Dock Is A Valued Commodity! Come And Enjoy Florida Living At Its Very Best And Schedule Your Showing Today!
Property details
- Type
- Condominium
- Year built
- 2006
- Interior
- 1,646 sqft
- Lot size
- 5,902.38 sqft
- Acreage
- 0.14 acres
- Garage
- 2 car
- Days on market
- 0
- Total association fees
- $9,660/yr (~$805/mo)
- CDD
- None
- Est. taxes (1.4%)
- $7,279/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- Impact Windows/Doors
- 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
- 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 3 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 |
|---|---|---|---|---|---|
| 3318 SW 2nd Street | Feb 2026 | $530,000 | 3/2 | 1,703 | $311 |
| 3311 NW 2nd Street | Jan 2026 | $592,000 | 4/2 | 1,806 | $328 |
| 119 SW 39th Place | Apr 2026 | $450,000 | 3/2 | 1,611 | $279 |
| Average | 3 comps | $524,000 | $306 |
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.
The good, the trade-offs & the location
- Built 2006 — post-2002 Florida wind codes (typically lower insurance)
- Waterfront
- Storm protection: Impact Windows/Doors
- 2-car garage
- In a higher-risk flood zone (AE) — flood insurance likely required
- Higher association fees (~$9,660/yr)
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.