5 Bed Pool Home for Sale in Four Mile Cove
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For SaleMLS# 222028752

$1,549,500

5 Bed Pool Home for Sale in Four Mile Cove

1944 Four Mile Cove Parkway, Cape Coral, FL, 33990

5 beds4.5 baths4,832 sqft2 garage
GatedBoatingWaterfront

About this home

DARE TO COMPARE! - BEST PRICED 4,800 sq ft PROPERTY w/ GULF ACCESS + AMAZING VIEWS/LAKEFRONT + RENOVATED in all of SE Cape Coral. NO FLOODING from Ian, Helene, or Milton + NEW STANDING SEAM METAL ROOF (FALL 2024) + IMPACT WINDOWS AND DOORS. Take a look at this beautiful home, very centrally located in SE Cape Coral. Southern exposure, pool w/ spill-over hot tub, electric heat. Large, open living room with a fireplace and extra-high ceilings! 1st FLOOR has Master bed- & bathroom + a 2nd large BDR w/ private full bathroom. Extra-large lanai w/ covered sitting area (covered lanai and balcony are screened) + huge dock area w/boat lift. Walking distance to restaurants, grocery stores, shopping, fitness center, bowling & bars. 2nd FLOOR: Generous loft/living/office area, 3 bedrooms & 2 full bathrooms. All sliders are NEW impact sliders, and most of the windows have been replaced. Quote for remaining windows available on request. To allow for almost immediate owner occupancy, only near-future vacation rental contracts have been accepted. Home is in a successful vacation rental program - current bookings only through April 2026 (please ask about current bookings, which would need to be honored). NEAREST BEACHES: 6.6 miles to public beach (Yacht Club Public Beach) 15.3 miles to Fort Myers Beach (= nearest large beach is Fort Myers Beach w/ options for water sports, tubing, water skiing, etc, lots of bars, restaurants, and beach stores.) 16.3 miles to the Sanibel Causeway

Property details

Type
SingleFamilyResidence
Year built
1991
Interior
4,832 sqft
Lot size
10,018.8 sqft
Acreage
0.23 acres
Garage
2 car
Days on market
1423
Total association fees
None
CDD
None
Est. taxes (1.4%)
$21,693/yr
Flood zone (area est.)
Yes · High risk (AE)
Storm protection
Impact Windows/Doors
Exposure
South
Waterfront
Yes
Gulf access
No
Gulf access type
N/A
Pool
Yes
Spa
Yes
Natural gas
No
Water
Assessment Paid
Sewer
Assessment Paid
New construction
No
Pets
Yes
County
Lee

Amenities

GuestSuitesSeeRemarks

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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Market trends, Cape Coral

Median list
$399,000
Median $/sqft
$233
Median sold (90d)
$385,000
Avg days on market
94
Active listings
2,460
Median sold price · Cape Coral
$385,000last 3 months7.2% vs $359,000 prior 3 months
Median closed price by month · Cape Coral
2.6% MoM7% YoY
$340k$365k$390kJul ’25Aug ’26
$380,000Aug ’26 · 444 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 $600,500 (27.9%) from the original list price.

Jan 19, 2026Price reducedfrom $1,599,500$1,549,500
Oct 6, 2025Back on market
Apr 18, 2022Listed$2,150,000

The good, the trade-offs & the location

Pros
  • Private pool
  • Waterfront
  • Storm protection: Impact Windows/Doors
  • 2-car garage
Consider
  • Built 1991 — pre-2002 construction may carry older wind codes and higher insurance
  • In a higher-risk flood zone (AE) — flood insurance likely required
Location convenienceHigh
Hospital
1.4 mi
Cape Coral Hospital
Beach
11.5 mi
Fort Myers Beach
Airport
4.7 mi
Page Field (Fort Myers)
Shopping
2.3 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.