4 Bed Waterfront Home for Sale in Cape Coral
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For SaleMLS# 2026033837

$525,000

4 Bed Waterfront Home for Sale in Cape Coral

1705 SE 46th Lane A, Cape Coral, FL, 33904

4 beds4 baths2,000 sqft
GatedBoatingWaterfront

About this home

INVESTMENT & DEVELOPMENT OPPORTUNITY! 4-plex property with direct Gulf access and no bridges, offering quick access to the Caloosahatchee River and open waters of the Gulf of Mexico. Property needs TLC or may be ideal for a complete tear-down and redevelopment. Zoned Residential Multi-Family, allowing for up to 4 units. Excellent opportunity for an investor or developer looking to capitalize on a waterfront location with boating access. Property is being sold AS-IS ONLY.

Property details

Type
Duplex
Year built
1968
Interior
2,000 sqft
Lot size
12,022.56 sqft
Acreage
0.28 acres
Garage
None
Days on market
0
Total association fees
None
CDD
None
Est. taxes (1.4%)
$7,350/yr
Flood zone (area est.)
No · Low risk (X)
Storm protection
Impact Windows/Doors
Exposure
Not specified
Waterfront
Yes
Gulf access
No
Gulf access type
N/A
Pool
No
Spa
No
Natural gas
No
Water
Public
Sewer
Public Sewer
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.

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Market trends, Cape Coral

Median list
$399,900
Median $/sqft
$233
Median sold (90d)
$389,000
Avg days on market
94
Active listings
2,505
Median sold price · Cape Coral
$387,000last 3 months7.5% vs $360,000 prior 3 months
Median closed price by month · Cape Coral
8.8% MoM20.4% YoY
$340k$384k$428kJul ’25Aug ’26
$427,500Aug ’26 · 95 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
  • Lower flood risk (zone X)
  • Waterfront
  • Storm protection: Impact Windows/Doors
Consider
  • Built 1968 — pre-2002 construction may carry older wind codes and higher insurance
  • No garage listed
Location convenienceHigh
Hospital
4.4 mi
HealthPark Medical Center
Beach
7.9 mi
Fort Myers Beach
Airport
5 mi
Page Field (Fort Myers)
Shopping
4.4 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.