$499,900
4 Bed Pool Home for Sale in Cape Coral
309 NW 5th Terrace, Cape Coral, FL, 33993
About this home
Beautiful custom-built 3 bedroom, 2 bath pool home on an intersecting canal with stunning water views. Located on a quiet road, this property features an open layout, oversized screened lanai, outdoor kitchen, and a sparkling pool perfect for entertaining. Enjoy a split-bedroom floor plan, a spacious primary suite with lanai access, along with access from another bedroom to the lanai bringing the relaxed waterfront lifestyle Cape Coral is known for. This is a fantastic location, close to stores, restaurants and so much more!
Property details
- Type
- SingleFamilyResidence
- Year built
- 2020
- Interior
- 2,245 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 2 car
- Days on market
- 128
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $6,999/yr
- Flood zone (area est.)
- No · Low risk (X)
- Storm protection
- None listed
- Exposure
- North
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- Yes
- Spa
- Yes
- Natural gas
- No
- Water
- Assessment Unpaid
- Sewer
- Assessment Unpaid
- New construction
- No
- Pets
- Yes
- County
- Lee
Maintenance included in the fee
What the association dues cover, per the MLS. Confirm the full schedule with the HOA.
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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Your notes on this home
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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 |
|---|---|---|---|---|---|
| 504 NW 7th Terrace | Oct 2025 | $480,000 | 4/3 | 2,233 | $215 |
| 3 Tropicana Parkway | Dec 2025 | $459,000 | 4/3 | 2,058 | $223 |
| 921 NW 8th Terrace | Mar 2026 | $550,000 | 4/3 | 2,100 | $262 |
| Average | 3 comps | $496,333 | $233 |
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.
Price & status history
Down $120,000 (20.4%) from the original list price.
| Jul 31, 2026 | Sold | $469,000 |
| May 4, 2026 | Price reducedfrom $520,000 | $499,900 |
| Jan 29, 2026 | Listed | $589,000 |
The good, the trade-offs & the location
- Built 2020 — post-2002 Florida wind codes (typically lower insurance)
- Lower flood risk (zone X)
- Private pool
- Waterfront
- 2-car garage
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.