$3,200,000
5 Bed Pool Home for Sale in Cape Coral
5020 Pelican Boulevard, Cape Coral, FL, 33914
About this home
Panoramic Open Water Views. Western exposure. Gulf access. Unforgettable sunsets! Experience an extraordinary waterfront lifestyle from this furnished, turnkey coastal contemporary residence overlooking Thunderbird Lake in Cape Coral's highly sought-after Eight Lakes neighborhood. Built in 2022, this European-inspired home offers approximately 4,083 SF of living space, 5 beds, 5 baths, multiple private balconies, & expansive views stretching across nearly 925 ft of Thunderbird Lake. Step inside to soaring 2-story ceilings, abundant natural light, & a dramatic open-concept design that captures the water from nearly every angle. Walls of glass connect the interior to the surrounding waterfront; the office area, dining space with seating for ten, & additional kitchen bar seating provide generous room for everyday living. The kitchen features sleek European-style cabinetry, a high-end appliance package, a gas cooktop, a beverage cooler, generous storage, & an expansive entertaining layout. Its open design keeps the kitchen connected to the dining & living areas while preserving uninterrupted views. The flexible floor plan provides exceptional privacy with two primary suites on the 1st floor & multiple en-suite bedrooms upstairs. High-volume tray ceilings, custom feature walls, beautiful views, & spa-inspired bathrooms with oversized walk-in showers create a luxurious experience throughout. Two private upper-level balconies. Indoor & outdoor living blend seamlessly through expansive glass doors that open completely to the oversized screened lanai. The impressive outdoor entertainment area features large-format flooring, a custom vaulted ceiling, multiple fans, recessed lighting, & an illuminated tray ceiling. A complete outdoor living & dining space includes a fireplace, television, & full outdoor kitchen, creating the perfect environment for barbecues, game days, celebrations, or relaxed evenings beside the water. The expansive saltwater pool & integrated infinity-edge spa form a private resort-style oasis overlooking the lake. Swim laps, sunbathe, relax in the spa, or enjoy a glass of wine while the western sky transforms at sunset. The elevated rooftop terrace delivers another remarkable vantage point with sweeping views. The location places you at the heart of Cape Coral's most exciting waterfront transformation. The $225 million Yacht Club Community Park redevelopment — the largest public investment in the city's history — will deliver a new resort-style pool, expanded marina, riverfront beach, and waterfront dining just minutes away. Bimini Square brings Bimini Basin Seafood & Cocktails, House of Omelets, boutique retail, & a Lee Health. The Cove at 47th, Cape Coral's walkable downtown entertainment district, offers Oak & Stone, Aqua Seafood & Steaks, a rooftop bar. Slipaway Food Truck Park & Marina, Tarpon Point Marina, The Westin Cape Coral Resort, & waterfront dining at Gather, Rumrunners, Marker 92, & Pinchers are all within easy reach.
Property details
- Type
- SingleFamilyResidence
- Year built
- 2022
- Interior
- 4,083 sqft
- Lot size
- 10,062.36 sqft
- Acreage
- 0.23 acres
- Garage
- 3 car
- Days on market
- 0
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $44,800/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- Impact Windows/Doors
- Exposure
- West
- Waterfront
- Yes
- Gulf access
- Yes
- Gulf access type
- Indirect — bridges/locks
- Pool
- Yes
- Spa
- Yes
- Natural gas
- Yes
- 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.
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.
| Address | Sold | Sold price | Beds/Baths | Sq ft | $/sqft |
|---|---|---|---|---|---|
| 5622 Coronado Court | Oct 2025 | $3,450,000 | 4/4 | 4,012 | $860 |
| Average | 1 comps | $3,450,000 | $860 |
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
- Built 2022 — post-2002 Florida wind codes (typically lower insurance)
- Private pool
- Gulf access (Indirect — bridges/locks)
- Storm protection: Impact Windows/Doors
- 3-car garage
- 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.