4 Bed Pool Home for Sale in Cape Coral
1 / 50
For SaleMLS# 2026036708

$770,000

4 Bed Pool Home for Sale in Cape Coral

5314 Cobalt Court, Cape Coral, FL, 33904

4 beds2 baths1,547 sqft1 garage
GatedBoatingWaterfront

About this home

An exceptional confluence of location, boating freedom, resort-style amenities, and proven income potential, this fully turnkey 4-bedroom, 2-bath Gulf-access residence occupies a coveted Southeast Cape Coral setting within walking distance of the Cape Coral Yacht Club. Currently operating as a highly successful vacation rental, the property is offered fully furnished and equipped with everything present at the time of showing—providing a remarkably seamless opportunity for an investor, seasonal resident, or discerning waterfront buyer. For the boating enthusiast, the location is superlative. The home sits on a direct Gulf-access canal with NO BRIDGES, providing unencumbered passage to open water without the height restrictions that can dictate vessel selection elsewhere. A brand-new 85-foot seawall and 10,000-lb boat lift further augment this enviable waterfront configuration. The backyard is an idyllic private retreat, featuring a heated swimming pool, private beach area, and two tiki huts. One tiki hut is detached and incorporates an outdoor kitchen, creating an inviting alfresco entertainment venue, while the second is integrated into the covered lanai. Together, these elements create an almost sybaritic tropical setting that epitomizes the Southwest Florida lifestyle. Inside, tile flooring extends throughout the home, complemented by extensive contemporary renovations. The updated chef's kitchen features modern cabinetry and high-end countertops, while updated cabinetry, vanities, lighting, and ceiling fans contribute to a cohesive and sophisticated interior aesthetic. A privately situated bedroom behind the garage offers convenient independent access—ideal for guests and particularly advantageous in a vacation-rental configuration. The residence is nestled within one of Cape Coral's classic, established waterfront neighborhoods, characterized by attractive homes and minimal through traffic. Adding further intrigue to the location is its proximity to the Cape Coral Yacht Club and its extensive redevelopment, positioning this property near what is anticipated to become an increasingly compelling waterfront destination and potentially enhancing both long-term desirability and vacation-rental appeal. Additional improvements include a 2019 roof, pipe lining completed in 2011, new electrical panel, washer and dryer, and numerous updates throughout. Whether acquired as a turnkey income-producing vacation rental, waterfront retreat, or permanent Florida residence, this is a rare opportunity to secure direct, bridge-free Gulf access with exceptional recreational amenities in one of Cape Coral's most storied waterfront enclaves.

Property details

Type
SingleFamilyResidence
Year built
1964
Interior
1,547 sqft
Lot size
10,018.8 sqft
Acreage
0.23 acres
Garage
1 car
Days on market
0
Total association fees
None
CDD
None
Est. taxes (1.4%)
$10,780/yr
Flood zone (area est.)
Yes · High risk (AE)
Storm protection
None listed
Exposure
West
Waterfront
Yes
Gulf access
No
Gulf access type
N/A
Pool
Yes
Spa
No
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.

Above marketThis home is priced above comparable recent sales.
This home
$498/sqft
Comp median
$399/sqft
Difference
+25%

Based on the $/sqft of 6 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.

Seeing several homes? Build a tour and we'll route it for you.

Your notes on this home

Keep private notes on this home, what you love, what to ask about, saved to your account and shared with your agent.

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
5318 Congo CourtJun 2026$625,0003/21,657$377
5356 Delano CourtApr 2026$675,0003/21,418$476
5050 Sorrento CourtAug 2026$620,0003/31,610$385
135 SW 56th TerraceNov 2025$620,0003/21,668$372
1106 Lorraine CourtJan 2026$649,0003/21,490$436
126 SW 49th StreetOct 2025$690,0003/21,674$412
Average6 comps$646,500$410

Market trends, Cape Coral

Median list
$399,000
Median $/sqft
$232
Median sold (90d)
$385,000
Avg days on market
93
Active listings
2,493
Median sold price · Cape Coral
$385,000last 3 months7.2% vs $359,000 prior 3 months
Median closed price by month · Cape Coral
1.3% MoM8.4% YoY
$340k$365k$390kJul ’25Aug ’26
$384,950Aug ’26 · 408 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
  • Private pool
  • Waterfront
Consider
  • Built 1964 — pre-2002 construction may carry older wind codes and higher insurance
  • In a higher-risk flood zone (AE) — flood insurance likely required
Location convenienceHigh
Hospital
5.1 mi
HealthPark Medical Center
Beach
6.9 mi
Fort Myers Beach
Airport
6.8 mi
Page Field (Fort Myers)
Shopping
5.8 mi
Bell Tower Shops

Straight-line distances to major SWFL amenities, approximate; actual drive times vary.

Loading map…

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.