$1,100,000
3 Bed Waterfront Home for Sale in Cape Coral
5816 Shell Cove Drive 119, Cape Coral, FL, 33914
About this home
DEEP-WATER FRONTAGE • DIRECT GULF ACCESS • PRIVATE BOAT SLIP • 2-CAR GARAGE • PRIVATE ELEVATOR • PET-FRIENDLY • SELLER FINANCING AVAILABLE Experience luxury waterfront living in this never-occupied, three-story townhome located within Cape Harbour’s newest gated community. Offering 2,262 square feet under air, this exceptional residence features three spacious bedrooms plus a den, 3.5 beautifully appointed baths, and a versatile bonus room with a custom wet bar—ideal for entertaining, working from home, or accommodating additional guests. More than $100,000 in upgrades include custom cabinetry, quartz countertops, premium appliances, designer flooring, and upscale finishes throughout. The light-filled, open-concept kitchen, living, and dining areas showcase tranquil views of the South Spreader Waterway, protected mangroves, and Sanibel Island. Two private balconies provide the perfect setting for enjoying spectacular Southwest Florida sunsets and refreshing coastal breezes while watching dolphins and manatees play in the water right outside your backyard. A private elevator provides effortless access to every level, while the two-car garage offers ample space for vehicles, bicycles, golf carts, and boating gear. Built Florida-strong, the residence features all-concrete-block construction, hurricane-impact windows and doors, a tile roof, and FEMA +1 elevation. HOA fees include exterior hazard and flood insurance. Boaters will appreciate the private boat slip and direct sailboat access to the Gulf of America. Cruise easily to Sanibel, Captiva, Fort Myers Beach, and the surrounding islands from your own backyard. Cape Harbour offers a vibrant, walkable waterfront lifestyle with a full-service marina, waterfront restaurants, boutique shopping, live entertainment, community pools, a clubhouse, fitness center, tennis, basketball, barbecue areas, boat storage, and a community boat launch—all just steps from the residence. This pet-friendly property is an excellent opportunity for a primary residence, seasonal retreat, or luxury investment property. Seller financing is available to qualified buyers. This is a rare opportunity to own a pristine three-story waterfront townhome with an available boat slip in one of Cape Coral’s premier boating communities. Life is better on the water!
Property details
- Type
- Townhouse
- Year built
- 2024
- Interior
- 2,262 sqft
- Lot size
- 962.676 sqft
- Acreage
- 0.02 acres
- Garage
- 2 car
- Days on market
- 0
- Total association fees
- $15,000/yr (~$1,250/mo)
- CDD
- None
- Est. taxes (1.4%)
- $15,400/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- Impact Windows/Doors, Shutters
- Exposure
- South
- 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
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 9 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 |
|---|---|---|---|---|---|
| 1525 SW 57th Terrace | Aug 2026 | $1,300,000 | 4/2 | 2,238 | $581 |
| 5407 SW 16th Place | Aug 2026 | $1,100,000 | 3/3 | 2,227 | $494 |
| 1921 SW 54th Street | Jul 2026 | $1,125,000 | 4/3 | 2,348 | $479 |
| 5240 SW 20th Avenue | Feb 2026 | $985,000 | 3/2 | 2,375 | $415 |
| 5201 Chiquita Boulevard | Feb 2026 | $1,100,000 | 4/3 | 2,458 | $448 |
| 1221 SW 53rd Terrace | Dec 2025 | $950,000 | 3/3 | 2,323 | $409 |
| Average | 6 comps | $1,093,333 | $471 |
Market trends, Cape Harbour
Live community medians from the MLS · see all listings. Indicative, not an appraisal.
The good, the trade-offs & the location
- Built 2024 — post-2002 Florida wind codes (typically lower insurance)
- Gulf access (Direct — no bridges)
- Storm protection: Impact Windows/Doors, Shutters
- 2-car garage
- In a higher-risk flood zone (AE) — flood insurance likely required
- Higher association fees (~$15,000/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.