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Bean Group
Offered at $648,900Active
beds
3
baths
3
sq ft
1,999
Built
2024

509 NE 5th Terrace

Cape Coral, FL 33909

About this home

Why wait to build when you can move into this stunning waterfront home built in late 2024? Situated on an oversized 12,512-square-foot lot with western exposure on a freshwater intersecting canal, this exceptional property offers an impressive 232.79 feet of seawall, breathtaking sunset views, and nearly 2,000 square feet of thoughtfully designed living space. Featuring 3 spacious bedrooms, a den perfect for a home office or guest space, 3 full bathrooms, and an oversized 3-car garage with a mini-split A/C system, this home was designed to combine luxury, comfort, and functionality. From the seamless metal roof and impact-resistant windows and doors to the soaring ceilings, 8-foot interior doors, tile flooring throughout, and soundproof wall construction, every detail reflects quality craftsmanship and modern design. The gourmet kitchen is sure to impress, showcasing beautiful quartzite countertops, Samsung Bespoke appliances, and an open-concept layout that seamlessly connects the living, dining, and outdoor entertaining areas. Step outside to your private resort-style retreat featuring a spacious travertine lanai, fully equipped outdoor kitchen, heated pool, and spa. Whether you're hosting family and friends or enjoying a peaceful evening overlooking the water, this outdoor oasis was designed for unforgettable memories. Additional benefits include NO flood insurance required, city water, sewer, and irrigation, with all assessments paid in full by the seller at closing. Luxury waterfront homes with this much seawall frontage, modern construction, premium finishes, and exceptional outdoor living are rarely available. Schedule your private showing today and experience the Florida lifestyle you've been dreaming of. Certain photos have been virtually staged. Furniture and décor depicted are not included in the sale of the property.

Listing last checked: Listing updated:

Listed by Eileen Rodriguez · Realty One Group MVP · MLS #2026025843

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Details at a glance

Interior3 property facts
Heating
Central, Electric
Cooling
Central Air, Ceiling Fan(s), Electric
Flooring
Tile
Building4 property facts
Style
Single Family Residence
Year built
2024
Garage
3
Roof
Metal
Land & utilities4 property facts
Lot size
0.278 acres
Water
Public
Sewer
Public Sewer
Waterfront
Y
Financial3 property facts
Annual taxes
$10,469
Assessment year
2025
HOA fee
$0 (billing period not supplied)

Location

Estimated monthly cost

Explore costs at the $648,900 asking price. Adjust the assumptions to your situation.

Known monthly costs$4,154 / monthAdjust
Principal & interest
$3,281
Property tax
$872
Insurance
Not entered
HOA
$0

Listing annual taxes: $10,469. 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

  1. Ter

    $659,000 · Jan 9, 2026

  2. Sld

    $21,000 · Sold $21,000 · Feb 10, 2021

  3. Sld

    $19,000 · Sold $19,000 · Dec 17, 2020

  4. Sld

    $18,000 · Sold $17,000 · Feb 12, 2003

More property insights

Comparable properties 3 supplied

Sold Aug 27, 2026

$695,000

117 NE 5th Terrace

Sold Jun 30, 2026

$585,000

401 NE 19th Place

Sold Jul 31, 2026

$610,000

607 SW 18th Court

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About 509 NE 5th Terrace

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Request a tour of 509 NE 5th Terrace and a Bean Group agent will help coordinate an available time with the listing side.

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Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

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