Welcome to your slice of paradise in Southwest Florida. Nestled on one of the most beautiful royal palm tree-lined streets in Cape Coral, just off Pelican Blvd on the way to Tarpon Point, this beautifully maintained 2-bedroom, 2-bath Gulf access waterfront home on an oversized lot with straight views of the canal offers many ideas for add-ons and the ultimate Florida lifestyle.
With no bridges or locks, you can be in open water in just 7 minutes — a true boater’s dream. This hurricane-surviving home has been lovingly cared for and thoughtfully upgraded throughout, making it move-in ready, investment-friendly, and packed with value.
Enjoy peace of mind with major updates including: AC (2026), heated saltwater pool (2017), pool heater (2021), pool pump (2023), pool filter (2024), hurricane impact windows (2017), hurricane impact garage door (2018), refrigerator/dishwasher/washer (2024), hot water heater (2021), lanai pavers (2017), fencing (2019), and a 14,000 lb boat lift with a brand new black canopy never installed.
Your days begin with a morning swim in the heated saltwater pool, followed by kayaking through scenic canals or fishing from your private dock. The expansive patio enjoys full sun all day, while the covered lanai creates the perfect setting for grilling, entertaining, and relaxing with friends and family. Spend your evenings cruising to waterfront restaurants by boat, watching unforgettable Southwest Florida sunsets, then return home to beautifully lit tropical landscaping, an evening swim, or football by the outdoor TV beside the fire pit.
One of the standout features of this property is the exceptional outdoor space. The oversized side yard offers endless possibilities for horseshoe pits, outdoor games, additional entertaining areas, or even the opportunity to build an additional structure with approval. Very few homes in SWFL offer this amount of usable outdoor living space.
For investors, this property has also been a successful short-term rental and is being offered furnished/turnkey.
The location is unbeatable for boating enthusiasts and Florida adventurers alike. Spend your days exploring waterfront restaurants, Captiva Island, Sanibel Island, Naples, Lover’s Key, or anchoring near Fort Myers Beach for a fun day on the water.
Nearby destinations include:
Tarpon Point Marina – 5 minutes (can also access by boat)
Cape Harbour Marina – 8 minutes (can also access by boat)
Cape Coral Beach – 8 minutes
Downtown Cape Coral (47th Terrace dining & entertainment district) – 8 minutes
Fort Myers International Airport – 40 minutes
Punta Gorda Airport – 40 minutes
Fort Myers Beach - 30 minutes (can also access by boat)
Whether you’re searching for a full-time residence, vacation home, income-producing property, or future dream-home site, this property offers incredible flexibility and opportunity.
This is not a tear down but can be if you would like to build your dream home.
Active
$550,000
171 SW 51st Ter, Cape Coral, FL 33914
2beds
1,273sqft
Single Family Residence
Built in 1964
0.26 Acres Lot
$520,100 Zestimate®
$432/sqft
$-- HOA
What's special
Lanai paversHeated saltwater poolEvening swimRoyal palm tree-lined streetsHurricane impact windowsHurricane impact garage doorBeautifully lit tropical landscaping
- 108 days
- 494
- 37
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Nicole DiZio 215-370-1003,
Marzucco Real Estate
Source: Florida Gulf Coast MLS,MLS#: 2026023218
Originating MLS: Florida Gulf Coast
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Screened Porch
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s), Electric
Appliances
- Included: Dryer, Dishwasher, Freezer, Disposal, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
- Laundry: In Garage
Features
- Breakfast Bar, Bedroom on Main Level, Breakfast Area, Dual Sinks, Eat-in Kitchen, Fireplace, Main Level Primary, Shower Only, Separate Shower, Cable TV, Walk-In Closet(s), Window Treatments, Screened Porch
- Flooring: Tile
- Windows: Impact Glass, Window Coverings
- Has fireplace: Yes
- Furnished: Yes
Interior area
- Total structure area: 1,604
- Total interior livable area: 1,273 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Attached, Garage, Two Spaces, Garage Door Opener
- Attached garage spaces: 1
Features
- Stories: 1
- Patio & porch: Deck, Lanai, Patio, Porch, Screened
- Exterior features: Deck, Fence, Fire Pit, Security/High Impact Doors, Sprinkler/Irrigation, Outdoor Grill, Outdoor Shower, Patio, Gas Grill
- Has private pool: Yes
- Pool features: Concrete, Electric Heat, Heated, In Ground, Pool Equipment, Screen Enclosure, See Remarks, Salt Water
- Has view: Yes
- View description: Canal
- Has water view: Yes
- Water view: Canal
- Waterfront features: Canal Access
Lot
- Size: 0.26 Acres
- Dimensions: 80 x 145 x 80 x 145
- Features: Corner Lot, Oversized Lot, Sprinklers Automatic
Details
- Parcel number: 144523C200179.0010
- Lease amount: $0
- Zoning description: R1-W
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other,Ranch,One Story
- Property subtype: Single Family Residence
Materials
- Block, Other, Concrete
- Roof: Tile
Condition
- Resale
- Year built: 1964
Utilities & green energy
- Sewer: Assessment Paid
- Water: Assessment Paid
- Utilities for property: Cable Available
Community & HOA
Community
- Features: None
- Security: Smoke Detector(s)
- Condo and coop fee: $0
- Membership fee: $0
- Subdivision: CAPE CORAL
HOA
- Has HOA: No
- Amenities included: None
- Services included: None
Location
- Region: Cape Coral
Financial & listing details
- Price per square foot: $432/sqft
- Tax assessed value: $536,898
- Annual tax amount: $7,702
- Date on market: 5/24/2026
- Cumulative days on market: 475 days
- Listing terms: Lease Purchase
- Ownership: Single Family
Estimated market value
$520,100
$494,000 - $546,000
$2,013/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/24/2026 | Listed for sale | $550,000-2.7%$432/sqft |
Source: | ||
| 12/9/2025 | Listing removed | $565,000$444/sqft |
Source: | ||
| 12/8/2025 | Listed for rent | $3,000$2/sqft |
Source: Florida Gulf Coast MLS #2025023418 Report a problem | ||
| 11/8/2025 | Price change | $565,000-5.7%$444/sqft |
Source: | ||
| 10/11/2025 | Price change | $599,000-7.1%$471/sqft |
Source: | ||
| 5/20/2025 | Price change | $645,000-11%$507/sqft |
Source: | ||
| 4/27/2025 | Listed for sale | $725,000-3.3%$570/sqft |
Source: | ||
| 12/1/2024 | Listing removed | $750,000$589/sqft |
Source: | ||
| 11/19/2024 | Listed for sale | $750,000+78.6%$589/sqft |
Source: | ||
| 5/5/2017 | Sold | $420,000-1.2%$330/sqft |
Source: | ||
| 3/31/2017 | Pending sale | $424,900$334/sqft |
Source: Miloff Aubuchon Realty Group #217022219 Report a problem | ||
| 3/25/2017 | Listed for sale | $424,900+46.6%$334/sqft |
Source: Miloff Aubuchon Realty Group #217022219 Report a problem | ||
| 10/20/2015 | Sold | $289,900$228/sqft |
Source: Public Record Report a problem | ||
| 9/11/2015 | Listed for sale | $289,900+93.3%$228/sqft |
Source: Century 21 Selling Paradise #215050901 Report a problem | ||
| 12/22/2009 | Sold | $150,000-19.8%$118/sqft |
Source: Public Record Report a problem | ||
| 11/7/2009 | Price change | $187,000-13%$147/sqft |
Source: Florida Future Realty Inc #200930439 Report a problem | ||
| 8/14/2009 | Price change | $215,000-6.5%$169/sqft |
Source: Florida Future Realty, Inc. Report a problem | ||
| 6/26/2009 | Listed for sale | $230,000+100.7%$181/sqft |
Source: Florida Future Realty, Inc. Report a problem | ||
| 4/9/2001 | Sold | $114,600$90/sqft |
Source: Public Record Report a problem | ||
| 3/22/2000 | Sold | $114,600$90/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,024 +0.1% | $409,669 +10% |
| 2024 | $8,017 +3.9% | $372,426 +10% |
| 2023 | $7,716 +18.3% | $338,569 +10% |
| 2022 | $6,523 +16.3% | $307,790 |
| 2021 | $5,608 +8.8% | -- |
| 2020 | $5,156 -0.3% | $254,372 -0.9% |
| 2019 | $5,171 | $256,788 +5% |
| 2018 | $5,171 +2.4% | $244,664 +7.1% |
| 2017 | $5,049 +4.9% | $228,533 +2.6% |
| 2016 | $4,814 +2% | $222,681 +18.7% |
| 2015 | $4,720 +28.4% | $187,677 -3.7% |
| 2014 | $3,676 +1.7% | $194,791 +9.1% |
| 2013 | $3,613 +37.1% | $178,585 +55.8% |
| 2012 | $2,636 -7.3% | $114,600 -6.3% |
| 2011 | $2,844 -16.3% | $122,342 -15.7% |
| 2010 | $3,398 +82.8% | $145,189 -16.7% |
| 2009 | $1,858 +17.3% | $174,350 -26.2% |
| 2008 | $1,584 -11.8% | $236,300 -40.2% |
| 2007 | $1,795 -0.4% | $394,940 -18.1% |
| 2006 | $1,803 -3.9% | $481,940 +95.2% |
| 2004 | $1,877 -1.8% | $246,930 +15.3% |
| 2003 | $1,910 +0.6% | $214,240 +37.4% |
| 2002 | $1,900 | $155,900 +68.5% |
| 2000 | -- | $92,500 |
Find assessor info on the county website
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