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Offered at $639,000Active
beds
3
baths
2
sq ft
1,397
Built
1965

5229 Pelican Boulevard

Cape Coral, FL 33914

About this home

Direct Gulf Access in one of Cape Coral’s most prestigious waterfront neighborhoods—5229 Pelican Blvd presents an exceptional opportunity to reimagine and redesign a custom luxury estate tailored entirely to your vision. Situated on an oversized triple-lot corner property in the highly coveted Tarpon Point area, this rare canal-front offering features direct Gulf access with no bridges or locks, placing open water just minutes from your future backyard dock. Surrounded by newly constructed luxury residences and multimillion-dollar waterfront homes, this property is perfectly positioned for an investor, builder, or visionary buyer looking to create a one-of-a-kind coastal retreat in a rapidly transforming enclave of Southwest Florida. Wide canal views, deep water access, and expansive lot dimensions provide endless possibilities for a sprawling custom home with resort-style outdoor living, an oversized pool, private dockage, and space to accommodate large yachts, recreational toys, and elevated entertaining spaces. The surrounding streetscape has become a showcase of modern waterfront architecture, including several newly completed and award-winning luxury homes, further enhancing the long-term value and prestige of the location. Opportunities of this caliber are becoming increasingly rare in Cape Coral, especially in a neighborhood known for its upscale boating lifestyle, proximity to Tarpon Point Marina, waterfront dining, boutique shopping, and quick access to the Gulf of Mexico. Whether your vision includes a contemporary masterpiece, a coastal-inspired estate, or the ultimate waterfront investment property, this is your chance to transform a premier Gulf-access homesite into a truly spectacular custom dream home in one of Cape Coral’s most desirable luxury waterfront corridors.

Listing last checked: Listing updated:

Listed by Heather Porrett · The Keyes Company · MLS #2025018212

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Details at a glance

Interior4 property facts
Rooms
0
Heating
Central, Electric
Cooling
Central Air, Ceiling Fan(s), Electric
Flooring
Other
Building4 property facts
Style
Single Family Residence
Year built
1965
Garage
2
Roof
Shingle
Land & utilities4 property facts
Lot size
0.428 acres
Water
Public
Sewer
Public Sewer
Waterfront
Y
Financial3 property facts
Annual taxes
$3,266
Assessment year
2024
HOA fee
$0 (billing period not supplied)

Location

Estimated monthly cost

Explore costs at the $639,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$3,503 / monthAdjust
Principal & interest
$3,231
Property tax
$272
Insurance
Not entered
HOA
$0

Listing annual taxes: $3,266. 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. Sld

    $196,000 · Sold $196,000 · Nov 14, 2008

More property insights

Comparable properties 3 supplied

Sold Jul 30, 2026

$660,000

465 Donora Boulevard

Sold Jul 1, 2026

$620,000

640 110th Avenue N

Sold Aug 7, 2026

$620,000

9757 Berkshire Street

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About 5229 Pelican Boulevard

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