$575,000
4 Bed Pool Home for Sale in Cape Coral
223 NW 5th Terrace, Cape Coral, FL, 33993
About this home
Welcome to one of the best values in Cape Coral! Situated on an incredible ½-acre fenced waterfront lot with 165 feet of freshwater canal frontage, this extensively renovated 4-bedroom, 2-bath pool home offers features that are nearly impossible to find at this price. Best of all, ALL CITY ASSESSMENTS ARE PAID and the home is located in a NON-FLOOD ZONE, saving you thousands. Every inch of this home has been thoughtfully updated, featuring gorgeous porcelain tile throughout, fresh interior paint, beautifully remodeled bathrooms, and a designer kitchen with all-wood cabinetry, custom storage, a coffee and wine bar, and built-in wine cooler. The attention to detail and pride of ownership are evident from the moment you walk in. Outside is where this property truly stands apart. Enjoy your private pool and hot tub, relax under the Sunbrella electric shade, or take advantage of the massive fenced backyard with room to store your boat, RV, trailer, and all your toys behind the privacy fence. A dedicated dog run, mature mango, banana, and avocado trees, and a brand-new 165-foot seawall complete this one-of-a-kind outdoor retreat. Major upgrades include paid-off solar panels, whole-house reverse osmosis, a 2-year-old A/C, impact sliding glass doors, plantation shutters, accordion hurricane shutters, Kevlar garage screen, epoxy garage floor, and an electric tankless water heater. Renovated. Waterfront. Half-acre lot. Assessments paid. Opportunities like this are exceptionally rare—don't miss your chance to own one of Cape Coral's most unique and move-in-ready waterfront properties.
Property details
- Type
- SingleFamilyResidence
- Year built
- 2007
- Interior
- 1,996 sqft
- Lot size
- 19,998.396 sqft
- Acreage
- 0.46 acres
- Garage
- 3 car
- Days on market
- 42
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $8,050/yr
- Flood zone (area est.)
- No · Low risk (X)
- Storm protection
- Shutters
- Exposure
- North
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- Yes
- Spa
- Yes
- Natural gas
- No
- Water
- Assessment Paid
- Sewer
- Assessment Paid
- New construction
- No
- Pets
- Yes
- County
- Lee
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 20 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 |
|---|---|---|---|---|---|
| 204 NW 6th Street | Jun 2026 | $469,000 | 3/3 | 1,850 | $254 |
| 610 NW 2nd Place | Aug 2026 | $630,000 | 4/3 | 1,931 | $326 |
| 419 NW 4th Terrace | Jun 2026 | $555,000 | 4/3 | 1,931 | $287 |
| 13 NW 5th Terrace | May 2026 | $510,000 | 4/3 | 2,040 | $250 |
| 213 Tropicana Parkway | Nov 2025 | $527,000 | 3/3 | 1,867 | $282 |
| 426 NW 3rd Terrace | Jun 2026 | $437,500 | 4/2 | 1,800 | $243 |
| Average | 6 comps | $521,417 | $274 |
Market trends, Cape Coral Mobile Home Estates
Live community medians from the MLS · see all listings. Indicative, not an appraisal.
Price & status history
Down $50,000 (8%) from the original list price.
| Aug 21, 2026 | Back on market | |
| Jul 27, 2026 | Price reducedfrom $579,900 | $575,000 |
| Jul 2, 2026 | Listed | $625,000 |
The good, the trade-offs & the location
- Built 2007 — post-2002 Florida wind codes (typically lower insurance)
- Lower flood risk (zone X)
- Private pool
- Waterfront
- Storm protection: Shutters
- 3-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.