$785,000
4 Bed Waterfront Home for Sale in Cape Coral
5204 Tower Drive, Cape Coral, FL, 33904
About this home
This is an exceptional fully remodeled waterfront home located off the Bimini Basin in Cape Coral’s desirable Yacht Club area (Sailboat access, NO BRIDGES). Purchased and upgraded through a contractor who intended to make it his own residence, this home reflects a higher level of quality, detail, and finish throughout. Offering 4 bedrooms plus a den and 3 baths, this residence blends luxury interior upgrades with one of Cape Coral’s most sought-after boating lifestyles. There are (2) en suites! Inside, the home features hurricane impact windows and doors, luxury vinyl flooring, spray foam insulation, custom closets, remote-controlled window coverings, and pocket sliders that open to an unobstructed waterfront view. The kitchen is beautifully finished with custom wood cabinetry, quartz countertops with a waterfall edge, designer backsplash, stainless steel appliances, and an open layout ideal for entertaining. The bathrooms continue the upscale feel with frameless shower doors and quality finishes. Major updates provide additional peace of mind, including plumbing and electrical replaced in 2019, roof replaced in 2019, and a newer A/C system. This is not a basic cosmetic remodel — it is a thoughtfully upgraded home with quality improvements inside and out. Step outside to enjoy the best of Southwest Florida waterfront living. The fenced rear yard offers privacy, while the composite deck, built-in summer kitchen, boat dock, canvas canopy, and 8,000 lb boat lift create the perfect setup for boating, relaxing, and entertaining. The dock, canvas, and boat lift were completed in 2021. Located on deep water with sailboat access, no bridges, and just minutes to the river, this is an ideal location for boaters who want quick and easy access to open water. 14 x 28 Below Ground Pool was originally being placed in rear, however, the current owner elected not too. At the end of the day, unwind on the lanai and take in beautiful sunset views over the water. Close to Bimini Basin, fine dining, waterfront restaurants, shopping, and entertainment, this home delivers the perfect combination of luxury finishes, quality renovations, boating convenience, and the Cape Coral lifestyle buyers are looking for.
Property details
- Type
- SingleFamilyResidence
- Year built
- 1978
- Interior
- 1,959 sqft
- Lot size
- 9,753.084 sqft
- Acreage
- 0.22 acres
- Garage
- 2 car
- Days on market
- 53
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $10,990/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- Impact Windows/Doors
- Exposure
- Southwest
- 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
- 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 3 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 |
|---|---|---|---|---|---|
| 419 Pinecrest Court | Jun 2026 | $705,000 | 4/3 | 1,918 | $368 |
| 5306 Cortez Court | Mar 2026 | $775,000 | 3/2 | 1,898 | $408 |
| 4918 Triton Court | Aug 2026 | $714,000 | 3/2 | 2,032 | $351 |
| Average | 3 comps | $731,333 | $376 |
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
- Gulf access (Direct — no bridges)
- Storm protection: Impact Windows/Doors
- 2-car garage
- Built 1978 — 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.