$479,000
3 Bed Waterfront Home for Sale in Blue Water, FL, $479,000
175 Shadroe Cove Circle 1101, Cape Coral, FL, 33991
About this home
Beautifully remodeled condo located in a highly preferred gated community well known for great boating access to open water, as well as easy access by car to stores, restaurants, and everywhere. The highly desired Blue Water Gulf Access community is known for luxury and carefree Florida living. This first-floor coach home has been completely remodeled with high end, designer finishes, creating a truly one-of-a-kind residence. Offering 3 bedrooms and 2 full baths, the open-concept floor plan is bright, spacious, and ideal for entertaining and relaxing. Expansive sliding glass doors seamlessly connect the living and dining areas to the oversized screened lanai, creating an inviting indoor-outdoor living space with peaceful views of the large lake and its illuminated fountain. No boat dock with this unit; however several docks are available to rent only to Blue Water residents, providing quick access to open water and the Gulf. The chef's kitchen is designed for both everyday living and entertaining, featuring custom cabinetry, quartz countertops, stainless steel appliances, and oversized island where guests can gather while meals are prepared. The owner's suite offers a spa-inspired retreat with an exceptional walk-in shower featuring both rainfall & body spray systems. Additional upscale features include soaring 10-ft ceilings, 8-ft interior doors, crown molding, plantation shutters, and beautiful high-end flooring throughout that combines the warmth of natural wood with easy maintenance. A rare feature is this home's attached private driveway, providing the convenience and privacy typically only at single-family homes. Guests can park directly in front of the home without long walks from guest parking. The oversized 2-car garage offers abundant storage and the perfect space for hobbies or workshop. Residents enjoy outstanding resort-style amenities, including a clubhouse with a fitness center, heated pool, and spa. The impressive waterfront tiki pavilion overlooks scenic Shadroe Lake, where dolphins and manatees are frequent visitors and spectacular sunsets become part of everyday life. A picturesque waterfront boardwalk and lush tropical landscaping further enhance your lifestyle. The community’s location provides convenient access to shopping, dining, I-75, and walking and biking paths that connect directly to one of Cape Coral's premier parks featuring pickleball, tennis courts, playgrounds, walking trails, and additional recreational amenities. Even better, all city utility assessments have been paid, new tile roof 2025 and new impact windows 2025. There has been NO flood or rainwater intrusion. Whether you're looking for a full-time residence, seasonal retreat, or boater's paradise, this exceptional waterfront home offers luxury, convenience, and low-maintenance living in one of Cape Coral's most desirable Gulf access communities. Start living the Southwest Florida lifestyle you've always imagined—because here, it's all about the water.
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%)
- $6,706/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- Impact Windows/Doors, Shutters
- Exposure
- South
- 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 11 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.
Seeing several homes? Build a tour and we'll route it for you.
Your notes on this home
Keep private notes on this home — what you love, what to ask about — saved to your account and shared with your agent.
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 |
| 428 SW 28th Place | Sep 2025 | $510,000 | 4/2 | 1,808 | $282 |
| 2856 NW 3rd Terrace | Oct 2025 | $399,900 | 4/2 | 1,735 | $230 |
| 2639 SW 4th Terrace | Jun 2026 | $405,000 | 3/2 | 1,606 | $252 |
| 12230 Matlacha Boulevard | May 2026 | $550,000 | 3/2 | 1,830 | $301 |
| Average | 6 comps | $497,817 | $284 |
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, Shutters
- 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.
Similar homes nearby
$498,999
MLS# 22507612831 NW 19th Terrace, Cape Coral, FL, 33993
$480,000
MLS# 20260299372604 Old Burnt Store Road, Cape Coral, FL, 33993
$464,900
MLS# 20260262352742 Bruce Street, Matlacha, FL, 33993
$469,000
MLS# 20260250022425 SW 2nd Terrace, Cape Coral, FL, 33991
$519,900
MLS# 2026032364198 Shadroe Cove Circle 502, Cape Coral, FL, 33991
$499,500
MLS# 2026021104608 SW 20th Terrace, Cape Coral, FL, 33991
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.