$1,350,000
Waterfront Home for Sale in Cape Coral
5837 SW 1st Avenue, Cape Coral, FL, 33914
About this home
Exceptional oversized riverfront homesite offering 120 feet of direct Caloosahatchee River frontage with expansive, unobstructed open water views. Spanning approximately 0.38 acres, this premium property provides the ideal canvas to design and build a custom luxury waterfront residence. City water and assessments are paid in full with utilities in place, creating a seamless path to new construction. Perfectly positioned in Southwest Cape Coral near Tarpon Point Marina, waterfront dining, boutique shopping, and just minutes to Fort Myers via the Cape Coral Bridge. Surrounded by high-end riverfront estates, this location offers both privacy and convenience in one of the area’s most desirable waterfront corridors.
Property details
- Type
- Residential
- Year built
- Not specified
- Interior
- Not specified
- Lot size
- 16,788.024 sqft
- Acreage
- 0.39 acres
- Garage
- None
- Days on market
- 134
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $18,900/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- East
- 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
- Not specified
- 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.
Seeing several homes? Build a tour and we'll route it for you.
Your notes on this home
Keep private notes on this home, what you love, what to ask about, saved to your account and shared with your agent.
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
- Waterfront
- In a higher-risk flood zone (AE) — flood insurance likely required
- No garage listed
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.
Similar homes nearby
$1,150,000
MLS# 20260273146021 Silver King Boulevard 804, Cape Coral, FL, 33914
$1,249,000
MLS# 20260326506081 Silver King Boulevard 1002, Cape Coral, FL, 33914
$1,299,000
MLS# 20250147676081 Silver King Boulevard 501, Cape Coral, FL, 33914
$1,099,950
MLS# 20260013815816 Shell Cove Drive 119, Cape Coral, FL, 33914
$1,300,000
MLS# 20260204965870 Shell Cove Drive, Cape Coral, FL, 33914
$1,180,000
MLS# 202602158514200 Royal Harbour Court 505, Fort Myers, FL, 33908
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.