4 Bed Waterfront Home for Sale in Cape Coral
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For SaleMLS# 2026002572

$2,980,000

4 Bed Waterfront Home for Sale in Cape Coral

606 Coral Drive, Cape Coral, FL, 33904

4 beds5 baths3,948 sqft3 garage
GatedBoatingWaterfront

About this home

*** HUGE PRICE REDUCTION – Sellers changed their plans and decided to let this UNIQUE RESIDENCE go... *** – YOU CAN'T BEAT THIS VIEW!!! – Gorgeous NEW CONSTRUCTION one of a kind Riverfront Home. The moment you enter this Residence you realize the BREATHTAKING VIEW of the River. – This modern, luxury 2-story CUSTOM HOME is located in Cape Corals sought-after Yacht Club Area. Experience this Waterfront Property with its endless Riverfront Views and natural light throughout. – Almost 4,000 sqft with TWO identical PRIMARY BEDROOMS, 2 Guest Bedrooms plus DEN. Huge Eat-in kitchen. Open floor plan with light filled family-living area. – Both primary Baths are spa-inspired with fully enclosed Glass Shower and with full Wall Tile in all Wet Areas, multiple shower heads, freestanding Soaking Tub and Dual Vanities. Guest bedrooms with En-Suite Bathrooms. Kitchen with BOSCH appliances, CAMBRIA Countertops and Waterfall Island. Many more Features: Zoned Air-Condition. Tankless Water Heater. OVERSIZED three-car garage. Wine cellar wall. Outdoor Summer-Kitchen. Low E Impact Windows and Doors. 12-feet high Ceilings on 1st Floor for airy and inviting Atmosphere. – Centrally located to Downtown Cape Coral with its Restaurants, Entertainment and Shops. – Prime Boating Location – short Boat-ride to Sanibel, Fort Myers Beach and several Waterfront Restaurants. Enjoy the FLORIDA LIFESTYLE. Enjoy stunning SUNRISES and SUNSETS from the Spacious Lanai overlooking the River. Or enjoy the SPECTACULAR PANORAMIC RIVER VIEWS from the second-floor Balcony. – So, this WATERFRONT LUXURY could be your new Full-Time Residence, your Seasonal Retreat or even a great Investment Opportunity as Vacation Rental. – Don’ t miss the chance to own YOUR PIECE OF PARADISE!!! – *** Due to delays in pool construction, buyers now have the option to DESIGN their own RESORT-STYLE POOL AREA with Extras such as SPA, Fire Bowl, Infinity Edge e.g. ***

Property details

Type
SingleFamilyResidence
Year built
2026
Interior
3,948 sqft
Lot size
14,331.24 sqft
Acreage
0.33 acres
Garage
3 car
Days on market
228
Total association fees
None
CDD
None
Est. taxes (1.4%)
$41,720/yr
Flood zone (area est.)
Yes · High risk (AE)
Storm protection
Impact Windows/Doors
Exposure
South
Waterfront
Yes
Gulf access
Yes
Gulf access type
Direct — no bridges
Pool
No
Spa
No
Natural gas
No
Water
Assessment Paid
Sewer
Assessment Paid
New construction
Yes
Pets
Yes
County
Lee

Maintenance included in the fee

Other

What the association dues cover, per the MLS. Confirm the full schedule with the HOA.

Amenities

SeeRemarks

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.

Not yet ratedNot enough comparable sales nearby to rate this home's price yet.

We rate a home against recently SOLD homes within ~1 mile that match on size, beds/baths, and age. This home doesn't have enough close comparables in the last 12 months for a reliable read, ask Rick for a personalized CMA.

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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.

AddressSoldSold priceBeds/BathsSq ft$/sqft
5622 Coronado CourtOct 2025$3,450,0004/44,012$860
Average1 comps$3,450,000$860

Market trends, Cape Coral

Median list
$399,000
Median $/sqft
$233
Median sold (90d)
$385,000
Avg days on market
92
Active listings
2,478
Median sold price · Cape Coral
$384,999last 3 months7% vs $359,900 prior 3 months
Median closed price by month · Cape Coral
0.5% MoM8.1% YoY
$340k$365k$390kJul ’25Sep ’26
$378,250Sep ’26 · 36 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.

Price & status history

Down $910,000 (23.4%) from the original list price.

Jul 15, 2026Price reducedfrom $3,690,000$2,980,000
Jan 15, 2026Listed$3,890,000

The good, the trade-offs & the location

Pros
  • Built 2026 — post-2002 Florida wind codes (typically lower insurance)
  • New construction
  • Gulf access (Direct — no bridges)
  • Storm protection: Impact Windows/Doors
  • 3-car garage
Consider
  • In a higher-risk flood zone (AE) — flood insurance likely required
Location convenienceHigh
Hospital
4.8 mi
HealthPark Medical Center
Beach
6.5 mi
Fort Myers Beach
Airport
6.7 mi
Page Field (Fort Myers)
Shopping
5.7 mi
Bell Tower Shops

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

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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.