4 Bed Waterfront Home for Sale in Cape Coral
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For SaleMLS# 2026033821

$1,450,000

4 Bed Waterfront Home for Sale in Cape Coral

5874 Shell Cove Drive, Cape Coral, FL, 33914

4 beds5.5 baths2,607 sqft1 garage
GatedTennisBoatingFitness CenterClubhouseCommunity PoolOn-site DiningWaterfront

About this home

SELLER FINANCING PRICE-$1,375,000-10% DOWNPAYMENT | 5% INTEREST | 5-YEAR BALLOON NO FLOOD INSURANCE REQUIRED BY SELLER Welcome to 5874 Shell Cove Drive, an extraordinary waterfront residence in Cape Coral’s coveted Funky Fish House neighborhood at Cape Harbour—truly one of a kind and one of the most unique residential communities in Southwest Florida. Built in 2024 and never occupied, this exceptional home offers 4 bedrooms + private guest suite, 5 full baths and 1 half bath, 2 laundry rooms. with approximately 2,607 square feet of beautifully designed living space. The Funky Fish House neighborhood offers a waterfront lifestyle unlike anything else in Southwest Florida. The rear property line extends approximately 25 feet into the direct-access waterway, providing valuable water rights and the unique ability to construct decks above the water, creating an extraordinary extension of your outdoor living space. IMAGINE HAVING YOUR BOAT PARKED RIGHT IN YOUR BACKYARD! This exceptional waterfront setting allows you to embrace the boating lifestyle while enjoying direct access to the waterways and the Gulf of America. The thoughtfully designed residence offers generous living spaces and an impressive bedroom and bath configuration, making it ideal as a primary residence, luxurious Florida retreat or investment property with weekly rentals. The first-floor suite features its own private entrance from your boardwalk below, offering exceptional flexibility for guests, extended family, a private retreat or potential rental use. With its elevated position, unique waterfront design and opportunity for expansive outdoor living above the water, this property offers a rare connection to the surrounding waterways. Enjoy spectacular sunsets, entertain overlooking the water, or simply relax and experience the very best of Southwest Florida living. Just steps from the home is the vibrant Cape Harbour lifestyle, with its marina, restaurants, boutique shops, live-entertainment, gym, tennis and resort-style amenities. Spend your days boating and your evenings enjoying waterfront dining—all within one of Cape Coral’s most desirable destinations. 5874 Shell Cove Drive delivers an unparalleled combination of new construction, unique waterfront architecture, deeded access, water rights and the unmistakable lifestyle of Cape Harbour. This is more than a home—it is a truly unique waterfront experience and a rare opportunity to own one of Southwest Florida’s most distinctive residences.

Property details

Type
SingleFamilyResidence
Year built
2024
Interior
2,607 sqft
Lot size
2,217.204 sqft
Acreage
0.05 acres
Garage
1 car
Days on market
0
Total association fees
$2,160/yr (~$180/mo)
CDD
None
Est. taxes (1.4%)
$20,300/yr
Flood zone (area est.)
Yes · High risk (AE)
Storm protection
Impact Windows/Doors
Exposure
Northwest
Waterfront
Yes
Gulf access
No
Gulf access type
N/A
Pool
No
Spa
No
Natural gas
No
Water
Assessment Paid
Sewer
Assessment Paid
New construction
No
Pets
Yes
County
Lee

Total association fees sums the core association dues the MLS feed provides (HOA, condo/master association, and land lease), normalized to a yearly figure. These are separate from and additional to specialty charges, mandatory club or food-and-beverage minimums, special assessments, and rec-lease fees, which the IDX feed does not carry. Always confirm the full fee schedule with the HOA or listing agent.

Maintenance included in the fee

IrrigationWaterLegalAccountingMaintenanceGroundsRecreationFacilitiesReserveFundStreetLights

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

Amenities

BoatDockMarinaBoatRampClubhouseFitnessCenterBarbecuePicnicAreaPoolRvBoatStorageRestaurantTennisCourts

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.

At marketThis home is priced in line with comparable recent sales.
This home
$556/sqft
Comp median
$525/sqft
Difference
+6%

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.

AddressSoldSold priceBeds/BathsSq ft$/sqft
1524 SW 56th TerraceApr 2026$1,500,0003/32,482$604
5606 Merlyn LaneAug 2025$1,600,0003/32,685$596
5513 Merlyn LaneDec 2025$1,150,0003/32,535$454
1442 SW 54th TerraceJan 2026$1,090,0004/32,563$425
5201 Chiquita BoulevardFeb 2026$1,100,0004/32,458$448
1720 SW 50th TerraceJul 2026$1,700,0003/32,689$632
Average6 comps$1,356,667$527

Market trends, Cape Harbour

Median list
$675,000
Median $/sqft
$349
Median sold (90d)
$562,500
Avg days on market
139
Active listings
27
Median sold price · Cape Harbour
$562,500last 3 months13.1% vs $497,500 prior 3 months

Live community medians from the MLS · see all listings. Indicative, not an appraisal.

The good, the trade-offs & the location

Pros
  • Built 2024 — post-2002 Florida wind codes (typically lower insurance)
  • Waterfront
  • Storm protection: Impact Windows/Doors
Consider
  • In a higher-risk flood zone (AE) — flood insurance likely required
Location convenienceHigh
Hospital
7.3 mi
Cape Coral Hospital
Beach
7.4 mi
Fort Myers Beach
Airport
9.5 mi
Page Field (Fort Myers)
Shopping
8.5 mi
Coralwood / Merchants Crossing (Cape)

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.