Welcome to 4500 SE 5th Pl Unit #105, a beautifully renovated, turnkey 2-bedroom, 2-bath first-floor condo in one of Cape Coral’s most desirable waterfront communities. Enjoy peaceful canal views with direct Gulf access just minutes away.
This unit offers rare peace of mind for a waterfront condo:
-Two-week minimum rentals allowed, HOA background check required
-Pets allowed (2 max / per association)
-Flood Insurance Covered by HOA
-Sellers are flexible on timing and showings
-Direct Gulf access (approx. 20 minutes to open water)
-First-come, first-serve boat dock with no waitlist (dock being replaced this summer)
- Did NOT flood during Hurricane Ian
- New community roof installed May 2022
- Condo association maintains fully funded reserves
- No current or pending special assessments
- Eligible for conventional financing (buyer to verify)
Inside, you’ll find a bright, open layout with luxury white tile throughout, a fully remodeled kitchen with quartz countertops, stainless steel appliances, and new cabinetry, plus updated bathrooms with modern finishes and fixtures.
Relax on your private screened lanai overlooking the water or take a swim in the community pool surrounded by palms. Conveniently located near dining, shopping, and boating, this property is ideal as a full-time residence, seasonal getaway, or income-producing rental.
Closed
$207,000
4500 SE 5th Pl APT 105, Cape Coral, FL 33904
2beds
1,050sqft
Condominium
Built in 1988
-- sqft lot
$206,400 Zestimate®
$197/sqft
$2,204 Estimated rent
Home value
$206,400
$184,000 - $231,000
$2,204/mo
Zestimate® history
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$1,967/mo
Est. payment
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List your homeWhat's special
Peaceful canal viewsBright open layoutLuxury white tile throughoutStainless steel appliancesNew cabinetry
Zillow last checked:
Listing updated:
Listed by:
Stephen Hachey 813-863-3948,
Flat Fee MLS Realty
Bought with:
Brenton Miebach, 667510130
Royal Shell Real Estate, Inc.
Source: Florida Gulf Coast MLS,MLS#: 225041900
Originating MLS: Florida Gulf Coast
Originating MLS: Florida Gulf CoastFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Description: Master Bedroom
- Dimensions: 17.32 x 17.32
Bedroom
- Description: Bedroom
- Dimensions: 12.25 x 12.25
Kitchen
- Description: Kitchen
- Dimensions: 17.32 x 17.32
Living room
- Description: Living Room
- Dimensions: 17.32 x 17.32
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Dryer, Dishwasher, Freezer, Disposal, Microwave, Range, Refrigerator, Washer
- Laundry: Inside
Features
- Bedroom on Main Level, None, Other, Pantry
- Flooring: Other
- Windows: Other
- Furnished: Yes
Interior area
- Total structure area: 1,050
- Total interior livable area: 1,050 sqft
Property
Parking
- Parking features: Assigned, One Space
Features
- Exterior features: None, Other
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Gulf
Lot
- Size: 4,390 Square Feet
- Features: Dead End, Irregular Lot
Details
- Parcel number: 124523C300500.1050
- Lease amount: $0
Construction
Type & style
- Home type: Condo
- Architectural style: Other,Low Rise
- Property subtype: Condominium
Materials
- Other, Stucco
- Roof: Shingle
Condition
- Resale
- Year built: 1988
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Not Available
Community & HOA
Community
- Features: Non-Gated
- Security: Smoke Detector(s)
- Condo and coop fee: $0
- Membership fee: $0
- Subdivision: OCEAN ISLE RUBICAN II
HOA
- Has HOA: No
- Amenities included: Other, Management
- Services included: Association Management, Maintenance Grounds, Trash
- HOA phone: 239-542-4404
- Second HOA fee: $533 monthly
Location
- Region: Cape Coral
Financial & listing details
- Price per square foot: $197/sqft
- Tax assessed value: $161,742
- Annual tax amount: $3,785
- Date on market: 4/28/2025
- Cumulative days on market: 339 days
- Listing terms: All Financing Considered,Cash,FHA,VA Loan
- Ownership: Condo
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/1/2026 | Sold | $207,000-1%$197/sqft |
Source:  Florida Gulf Coast MLS #225041900 Report a problem | ||
| 3/2/2026 | Pending sale | $209,000$199/sqft |
Source: Florida Gulf Coast MLS #225041900 Report a problem | ||
| 2/16/2026 | Price change | $209,000-8.7%$199/sqft |
Source: Florida Gulf Coast MLS #225041900 Report a problem | ||
| 1/22/2026 | Price change | $229,000-8%$218/sqft |
Source: Florida Gulf Coast MLS #225041900 Report a problem | ||
| 1/5/2026 | Price change | $249,000-7.4%$237/sqft |
Source: Florida Gulf Coast MLS #225041900 Report a problem | ||
| 12/8/2025 | Price change | $269,000-6.9%$256/sqft |
Source: Florida Gulf Coast MLS #225041900 Report a problem | ||
| 11/8/2025 | Price change | $289,000-3.3%$275/sqft |
Source: Florida Gulf Coast MLS #225041900 Report a problem | ||
| 6/9/2025 | Price change | $299,000-3.2%$285/sqft |
Source:  SWFLMLS #225041900 Report a problem | ||
| 4/28/2025 | Listed for sale | $309,000+14.4%$294/sqft |
Source: SWFLMLS #225041900 Report a problem | ||
| 9/25/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 9/18/2023 | Price change | $2,500-7.4%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/29/2023 | Listed for rent | $2,700+8%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/1/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 3/21/2023 | Price change | $2,500-10.7%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/16/2023 | Listed for rent | $2,800$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/23/2022 | Sold | $270,000-5.3%$257/sqft |
Source: Florida Gulf Coast MLS #222074271 Report a problem | ||
| 10/15/2022 | Pending sale | $285,000$271/sqft |
Source:  Florida Gulf Coast MLS #222074271 Report a problem | ||
| 9/22/2022 | Price change | $285,000-3.4%$271/sqft |
Source: Florida Gulf Coast MLS #222070329 Report a problem | ||
| 9/16/2022 | Listed for sale | $295,000+110.9%$281/sqft |
Source: Florida Gulf Coast MLS #222070329 Report a problem | ||
| 6/15/2017 | Sold | $139,900$133/sqft |
Source: Agent Provided Report a problem | ||
| 4/21/2017 | Pending sale | $139,900$133/sqft |
Source: Pinnacle Property Group #217008400 Report a problem | ||
| 3/24/2017 | Price change | $139,900-6.7%$133/sqft |
Source: Pinnacle Property Group #217008400 Report a problem | ||
| 2/2/2017 | Listed for sale | $149,900-12.8%$143/sqft |
Source: Pinnacle Property Group #217008400 Report a problem | ||
| 6/24/2004 | Sold | $172,000$164/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,036 -19.8% | $161,742 -24.2% |
| 2024 | $3,785 -14.1% | $213,444 -14.7% |
| 2023 | $4,406 +202.9% | $250,214 +123.1% |
| 2022 | $1,455 +0.6% | $112,169 +3.5% |
| 2021 | $1,446 -0.5% | $108,402 +0.9% |
| 2020 | $1,454 +0.5% | $107,398 |
| 2019 | $1,447 | $107,398 |
| 2018 | $1,447 -1.6% | $107,398 -5.7% |
| 2017 | $1,470 -30.1% | $113,858 +11.1% |
| 2016 | $2,103 +17.9% | $102,520 +16% |
| 2015 | $1,784 +10.2% | $88,400 +11.6% |
| 2014 | $1,619 +16.8% | $79,200 +16% |
| 2013 | $1,387 +7.9% | $68,300 +5.1% |
| 2012 | $1,285 +13.2% | $65,000 +25% |
| 2011 | $1,135 -11.1% | $52,000 -9.6% |
| 2010 | $1,277 -30.5% | $57,500 -32.8% |
| 2009 | $1,836 -28.1% | $85,590 -41.8% |
| 2008 | $2,552 -31.5% | $147,000 -31% |
| 2007 | $3,723 -8.9% | $213,000 -5.8% |
| 2006 | $4,087 +83.6% | $226,000 +115.2% |
| 2004 | $2,226 -0.8% | $105,000 +5% |
| 2003 | $2,245 +0.4% | $100,000 +33.3% |
| 2002 | $2,236 | $75,000 +21% |
| 2000 | -- | $62,000 |
Find assessor info on the county website
Neighborhood: 33904
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Nearby schools
GreatSchools rating
- 7/10Cape Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 7/10Gulf Middle SchoolGrades: 6-8Distance: 3.4 mi
- 5/10Cape Coral High SchoolGrades: 9-12Distance: 2.9 mi
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- Florida
- Lee County
- Cape Coral
- 33904
- 4500 SE 5th Pl Apartment 105
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