$770,000
4 Bed Pool Home for Sale in Cape Coral
5314 Cobalt Court, Cape Coral, FL, 33904
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.
Based on the $/sqft of 6 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 |
|---|---|---|---|---|---|
| 5318 Congo Court | Jun 2026 | $625,000 | 3/2 | 1,657 | $377 |
| 5356 Delano Court | Apr 2026 | $675,000 | 3/2 | 1,418 | $476 |
| 5050 Sorrento Court | Aug 2026 | $620,000 | 3/3 | 1,610 | $385 |
| 135 SW 56th Terrace | Nov 2025 | $620,000 | 3/2 | 1,668 | $372 |
| 1106 Lorraine Court | Jan 2026 | $649,000 | 3/2 | 1,490 | $436 |
| 126 SW 49th Street | Oct 2025 | $690,000 | 3/2 | 1,674 | $412 |
| Average | 6 comps | $646,500 | $410 |
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
- Private pool
- Waterfront
- Built 1964 — pre-2002 construction may carry older wind codes and higher insurance
- In a higher-risk flood zone (AE) — flood insurance likely required
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.