3 Bed Waterfront Home for Sale in Rivers Condo
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For SaleMLS# 2026037081

$549,000

3 Bed Waterfront Home for Sale in Rivers Condo

4015 SE 20th Place 503, Cape Coral, FL, 33904

3 beds2 baths2,004 sqft1 garage
GatedCommunity PoolBoatingWaterfront

About this home

SELLER FINANCING AVAILABLE! PENTHOUSE. PANORAMIC RIVER VIEWS. $10,000 FLOORING CREDIT. PRIVATE GARAGE + CARPORT. AND CAPE CORAL'S NEWLY TRANSFORMED JAYCEE PARK IS LITERALLY A FOOTBALL THROW AWAY. This is not your typical Cape Coral condo. Located on the 5th and TOP FLOOR with ELEVATOR ACCESS, this fully furnished, expansive 3-bedroom, 2-bath penthouse delivers more than 2,000 square feet of living space and incredible views across the Caloosahatchee River. Even better, the seller is offering a $10,000 FLOORING CREDIT, giving the next owner the opportunity to choose the flooring they want and immediately make the space their own. The split-bedroom floorplan lives more like a single-family home than a condo, with a spacious primary suite and large walk-in closet, generous guest bedrooms and an oversized laundry room with additional storage. For protection there are electric shutters protect the balcony and riverfront windows. Parking is another standout. This unit includes its own PRIVATE ONE-CAR GARAGE plus a separate COVERED CARPORT, a combination that is exceptionally hard to find in Cape Coral condo living. Then there is the location. Step outside and Jaycee Park is practically your neighbor. Cape Coral's approximately $18.7 MILLION transformation of this 11.8-acre Caloosahatchee Riverfront park is complete and OPEN NOW. Walk over to enjoy the lighted riverfront boardwalk and overlook, 5,000-square-foot splash pad, large inclusive playground, bandshell and event space, beach volleyball, shaded picnic areas, open green space, walking paths and the new FOOD TRUCK COURT with rotating vendors. This isn't an amenity you have to drive across town to enjoy. It is right down the street. Back at home, cool off in the HEATED COMMUNITY POOL or head upstairs to your top-floor retreat and take in those incredible river views. The location also puts you north of Cape Coral Parkway BETWEEN BOTH BRIDGES, offering convenient access to Fort Myers while keeping the restaurants, shopping and entertainment of South Cape just minutes away. And here's another big one: BOTH THE CITY UTILITY ASSESSMENTS AND CONDO ASSESSMENTS HAVE BEEN PAID IN FULL. Seller financing available. $10,000 flooring credit. Penthouse river views. Elevator access. Garage AND carport. Heated pool. Paid assessments. And one of Cape Coral's newest signature waterfront destinations practically outside your door.

Property details

Type
Condominium
Year built
1988
Interior
2,004 sqft
Lot size
4,430.052 sqft
Acreage
0.10 acres
Garage
1 car
Days on market
0
Total association fees
$13,096/yr (~$1,091/mo)
CDD
None
Est. taxes (1.4%)
$7,686/yr
Flood zone (area est.)
Yes · High risk (AE)
Storm protection
None listed
Exposure
East
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
No
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

InsuranceMaintenanceGroundsPestControlReserveFundSewerTrashWater

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

Amenities

ParkPoolStorageSidewalksTrailsManagement

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
$274/sqft
Comp median
$284/sqft
Difference
-4%

Based on the $/sqft of 4 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
1614 Beach Parkway 102Aug 2026$540,0002/21,877$288
1707 SE 45th StreetJan 2026$525,0003/21,826$288
1413 SE 38th StreetFeb 2026$515,0003/21,841$280
3502 SE 16th PlaceJun 2026$475,0003/21,845$257
Average4 comps$513,750$278

Market trends, Cape Coral

Median list
$399,000
Median $/sqft
$232
Median sold (90d)
$384,999
Avg days on market
93
Active listings
2,463
Median sold price · Cape Coral
$385,000last 3 months7.4% vs $358,500 prior 3 months
Median closed price by month · Cape Coral
10.5% MoM2.9% YoY
$340k$365k$390kJul ’25Sep ’26
$340,000Sep ’26 · 13 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
  • Gulf access (Direct — no bridges)
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
  • Higher association fees (~$13,096/yr)
Location convenienceHigh
Hospital
4 mi
Cape Coral Hospital
Beach
8.7 mi
Fort Myers Beach
Airport
4.3 mi
Page Field (Fort Myers)
Shopping
4 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.