About this home
Waterfront - Pool Home with huge screen lanai - Fully updated - Great Family home, annual rental or short term rental...so many possibilities Move-IN ready. Investor-ready 4-bedroom, 2-bath waterfront pool home located in the heart of Cape Coral, offering strong rental appeal and flexible purchase options. Creative stated income options - 3 year old roof. This property features numerous updates including new flooring and upgraded cabinetry, along with a spacious layout ideal for long-term tenants, seasonal rentals, or a lease option strategy. The primary suite includes a soaking tub and oversized walk-in shower with frameless glass, adding to tenant desirability and resale value. New roof 2022 Situated on a freshwater canal with access to Shamrock Lakes, the home offers a highly marketable Florida lifestyle—private dock, pool, and mature tropical landscaping—all features that drive premium rental rates and tenant retention. Prime location near shopping, dining, golf, and entertainment, and just 35 minutes to Fort Myers Beach, making it attractive for both full-time residents and seasonal occupants. This property was under contract however the buyers had a unexpected health issue and were forced to cancel. Excellent opportunity for they waterfront Pool 4 bedroom home.
Listing last checked: Listing updated:
Listed by Valerie Peterson · Allison James Estates & Homes · MLS #2026019507
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Details at a glance
Interior3 property facts
- Heating
- Central, Electric
- Cooling
- Central Air, Electric
- Flooring
- Laminate, Tile
Building4 property facts
- Style
- Single Family Residence
- Year built
- 2003
- Garage
- 2
- Roof
- Shingle
Land & utilities4 property facts
- Lot size
- 0.23 acres
- Water
- AssessmentPaid
- Sewer
- Public Sewer
- Waterfront
- Y
Financial3 property facts
- Annual taxes
- $8,613
- Assessment year
- 2025
- HOA fee
- $0 (billing period not supplied)
Location
Estimated monthly cost
Explore costs at the $519,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$3,342 / monthAdjust
- Principal & interest
- $2,624
- Property tax
- $718
- Insurance
- Not entered
- HOA
- $0
Listing annual taxes: $8,613. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $0.
Partial estimate: add insurance to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
Price and status timeline
- Sld
$439,000 · Sold $378,000 · Apr 13, 2023
- Sld
$269,900 · Sold $269,900 · Dec 4, 2002
- Sld
$25,000 · Sold $25,000 · Dec 19, 2000
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About 1204 SE 5th Terrace
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