3 Bed Waterfront Home for Sale in Cape Coral
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For SaleMLS# 2026035775

$1,100,000

3 Bed Waterfront Home for Sale in Cape Coral

5816 Shell Cove Drive 119, Cape Coral, FL, 33914

3 beds3.5 baths2,262 sqft2 garage
GatedTennisBoatingFitness CenterClubhouseBasketballCommunity PoolOn-site DiningWaterfront

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

InsuranceIrrigationWaterLegalAccountingMaintenanceGroundsRecreationFacilitiesReserveFundRoadMaintenanceStreetLightsTrash

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

Amenities

BasketballCourtBoatDockMarinaBoatRampClubhouseFitnessCenterBarbecuePicnicAreaPoolRvBoatStorageRestaurantSidewalksTennisCourts

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.

Above marketThis home is priced above comparable recent sales.
This home
$486/sqft
Comp median
$415/sqft
Difference
+17%

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.

AddressSoldSold priceBeds/BathsSq ft$/sqft
1525 SW 57th TerraceAug 2026$1,300,0004/22,238$581
5407 SW 16th PlaceAug 2026$1,100,0003/32,227$494
1921 SW 54th StreetJul 2026$1,125,0004/32,348$479
5240 SW 20th AvenueFeb 2026$985,0003/22,375$415
5201 Chiquita BoulevardFeb 2026$1,100,0004/32,458$448
1221 SW 53rd TerraceDec 2025$950,0003/32,323$409
Average6 comps$1,093,333$471

Market trends, Cape Harbour

Median list
$650,000
Median $/sqft
$337
Median sold (90d)
$503,750
Avg days on market
140
Active listings
26
Median sold price · Cape Harbour
$503,750last 3 months1.2% vs $510,000 prior 3 months

Live community medians from the MLS · see all listings. Indicative, not an appraisal.

The good, the trade-offs & the location

Pros
  • Built 2024 — post-2002 Florida wind codes (typically lower insurance)
  • Gulf access (Direct — no bridges)
  • Storm protection: Impact Windows/Doors, Shutters
  • 2-car garage
Consider
  • In a higher-risk flood zone (AE) — flood insurance likely required
  • Higher association fees (~$15,000/yr)
Location convenienceHigh
Hospital
7.4 mi
Cape Coral Hospital
Beach
7.3 mi
Fort Myers Beach
Airport
9.5 mi
Page Field (Fort Myers)
Shopping
8.5 mi
Coralwood / Merchants Crossing (Cape)

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.