$479,000
3 Bed Waterfront Home for Sale in Blue Water
221 Shadroe Cove Circle 1303, Cape Coral, FL, 33991
About this home
BOATER’S PARADISE in the prestigious, gated BLUEWATER COACH HOMES community! This spacious CORNER RESIDENCE offers nearly 2,400 SQ. FT. of living area with 3 BEDROOMS + DEN, 2.5 BATHS, an EXTENDED PRIVATE 2-CAR GARAGE and PRIVATE 2-CAR DRIVEWAY. Overlooking a beautiful pond and fountain, this residence combines generous living space, extensive upgrades and an exceptional Southwest Florida boating lifestyle. For the boating enthusiast, a TRANSFERABLE LEASE for PRIVATE BOAT LIFT #2C is available, featuring a 5,000-LB LIFT and approximately 15-MINUTE ACCESS TO THE GULF and world-class inshore fishing. The lift lease is $2,700 annually, and the FIRST YEAR’S LEASE IS INCLUDED WITH PURCHASE. Inside, the UPDATED KITCHEN features custom cabinetry, breakfast bar and a separate breakfast nook. The expansive primary suite offers TWO WALK-IN CLOSETS and a beautifully UPDATED EN-SUITE BATH with dual vanities, separate walk-in shower and soaking tub. One guest bedroom features a convenient MURPHY BED. A WET BAR with WINE REFRIGERATOR and ICE MAKER makes entertaining easy. Enjoy the LARGE TILED SCREENED LANAI with northern exposure, providing a comfortable shaded outdoor living area throughout the year. Additional upgrades include NEW HURRICANE-RATED IMPACT WINDOWS IN 2025, accordion hurricane shutters protecting the lanai sliders, NEW A/C IN 2026 and NEW WATER HEATER IN 2022. The residence is also ELEVATOR READY with a pre-engineered location within the unit for future installation. Furniture is negotiable. Bluewater Coach Homes is an intimate community of only 56 RESIDENCES featuring lush tropical landscaping and NEW TILE ROOFS IN 2024. Resort-style amenities include a CLUBHOUSE with community room and kitchen, HEATED POOL, separate HEATED SPA, FITNESS ROOM, waterfront BOARDWALK and a LARGE TIKI HUT—the perfect place to relax and enjoy an evening sunset by the water. The association is well funded with approximately $3 MILLION IN RESERVES. HOA fees include BUILDING INSURANCE, BUILDING FLOOD INSURANCE, complete lawn care, CITY WATER & SEWER and community amenities. No residence in Bluewater Coach Homes has ever flooded. PET FRIENDLY with one pet permitted up to 80 lbs. RENTAL FRIENDLY with a 30-day minimum rental period. Located just minutes from MATLACHA PASS and some of Southwest Florida’s best boating, fishing and waterfront dining, including Miceli’s, Tarpon Lodge and Blue Dog Bar & Grill. Whether you’re looking for a seasonal retreat or full-time Florida residence, this exceptional coach home delivers SPACE, PRIVACY, BOATING ACCESS and the SOUTHWEST FLORIDA LIFESTYLE.
Property details
- Type
- Attached
- Year built
- 2006
- Interior
- 2,374 sqft
- Lot size
- Not specified
- Acreage
- Not specified
- 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
- Exposure
- North
- 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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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 |
|---|---|---|---|---|---|
| 3725 SW 4th Lane | Jul 2026 | $460,000 | 4/2 | 2,293 | $201 |
| 314 SW 26th Place | Apr 2026 | $455,000 | 4/3 | 2,556 | $178 |
| 109 NW 38th Place | Aug 2026 | $515,000 | 4/3 | 2,550 | $202 |
| Average | 3 comps | $476,667 | $194 |
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.