Property listing for 2724 Southwest 45th Street, Cape Coral, Florida 33914
For SaleSingle Family Home

$869,000

2724 Southwest 45th Street, Cape Coral, Florida 33914

Gulf-Access Waterfront Home with Pool on Oversized Lot

3 Bed · 2 Bath · 2,415 Sq Ft

137' water frontage, renovated kitchen, direct Gulf access and sweeping water views.

Property photo
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3

Beds

2

Baths

2,415

Sq Ft

2000

Built

0.36 acres

Lot

2-car attached

Garage

About 2724 Southwest 45th Street

Imagine waking to the gentle shimmer of canal water and a southern sunrise spilling across an expansive screened lanai — this is daily life at 2724 SW 45th Street. Set on an oversized 0.36-acre homesite with 137 feet of water frontage, the single-story ranch welcomes you with long, unobstructed water views and a private pool framed by a newly updated lanai cage. Morning coffee tastes better here: sunlight pours through the new hurricane-rated triple sliders, warming the open living space and carrying the hush of the water indoors.

Inside, thoughtful updates blend modern convenience with relaxed Florida living. The kitchen was remodeled in 2021 and features refaced cabinetry with soft-close drawers and pull-out shelving, quartz counters, subway tile backsplash, updated lighting, and newer appliances — a bright, functional center for entertaining before an afternoon boat ride. The interior and exterior were freshly painted in 2024, and a new AC system was installed in 2021 to maintain comfortable year-round temperatures. Tile roof replacement (2023) and hurricane-rated glazing (2025) add durability and peace of mind.

The home’s layout flows easily: generous sightlines from the living room to the lanai and pool make indoor-outdoor gatherings effortless. Triple sliders open to the pool deck so you can move seamlessly from a cozy evening inside to long waterfront views outside. Outside, the almost 16,000-square-foot yard offers rare scale for Cape Coral — a huge, sunny backyard for pets, play, or adding a garden. Dock decking was redone in 2023 to support boating life, and the canal provides direct Gulf access via the South Spreader Waterway — a scenic, satisfying run to open water.

Neighborhood amenities complete the picture: Sands Park is only 0.4 miles away with pickleball, tennis courts, playgrounds and a dog park, while Cape Harbour Marina (1.2 miles) and Tarpon Point (2.5 miles) provide dining, shopping and boating services. Whether you’re seeking a full-time coastal residence, a seasonal retreat, or a strong vacation-rental opportunity, this home offers an uncommon combination of space, upgrades, and waterfront lifestyle. Meticulously maintained and thoughtfully improved, it’s ready for the next owner to step into Florida waterfront living at its best.

Home Highlights

Move-in ready — interior/exterior painted 2024Direct Gulf access with 137 feet of water frontageRenovated kitchen (2021) with quartz counters and soft-close cabinetryNew tile roof (2023) and new AC (2021)Hurricane-rated triple sliders installed in 2025Screened lanai and private pool with long water viewsOversized 0.36-acre lot — huge backyard spaceDock decking replaced in 2023 — boating-ready

Property Features

Interior Features

  • 3 bedrooms, 2 bathrooms in single-story ranch layout
  • 2415 SF of living space with open sightlines to lanai and pool
  • Renovated kitchen (2021) with refaced cabinetry, soft-close drawers
  • Quartz countertops and subway tile backsplash
  • Updated lighting and newer kitchen appliances
  • Fresh interior paint (2024)
  • Central AC (new 2021)
  • Hurricane-rated triple-pane sliders (2025) for natural light and storm protection

Exterior & Lot

  • 0.36-acre lot (approx. 15,682 SF) with 137' of water frontage
  • Southern rear exposure for maximum sun and long water views
  • Screened lanai and private pool overlooking the canal
  • New tile roof (2023)
  • New lanai cage with picture window (2023)
  • Dock decking replaced (2023)
  • Fresh exterior paint (2024)
  • 2-car attached garage

Location & Neighborhood

  • Pelican neighborhood — established canalside community
  • 0.4 miles to Sands Park (pickleball, tennis, dog park, playground)
  • 1.2 miles to Cape Harbour Marina dining and shopping
  • 2.5 miles to Tarpon Point Marina
  • Direct Gulf access via South Spreader Waterway — boater-friendly location
  • Lee County schools: Gulf Middle (8/10), Gulf Elementary (6/10), Ida S. Baker High (4/10)

Walkability & Recreation

  • Walkability Rating: 40/100 — most errands are car-dependent
  • Nearby parks and green spaces: Sands Park (0.4 mi), Rotary Park (1.8 mi)
  • Marinas: Cape Harbour (1.2 mi), Tarpon Point (2.5 mi)
  • Water access: direct canal to South Spreader Waterway for Gulf access
  • Cape Coral Yacht Club Beach (4.4 mi)
  • Running/walking paths and neighborhood sidewalks near parks
  • Community recreation facilities at nearby Sands Park

Neighborhood & Location

Pelican is a prized Cape Coral canalside neighborhood prized by boaters and outdoor lovers. Streets open to wide canals, and the area’s scale and mature landscaping create a relaxed, coastal rhythm. Sands Park (0.4 miles) serves as a local hub for pickleball, tennis, playgrounds and dog-friendly space. Dining, shopping and marina life are moments away at Cape Harbour and Tarpon Point, while Rotary Park and Cape Coral Yacht Club Beach provide additional outdoor options. The neighborhood combines quiet residential streets with easy access to boating and waterfront recreation.

Market Insights

Cape Coral’s market for waterfront homes remains competitive and slightly tilted toward sellers for premium canalside properties. Local inventory is relatively tight at about 3.5 months — a level that supports steady pricing — while average days on market sit near 78 days, indicating properties typically require patience but sell within a reasonable timeframe. Median sale price in the area is $468,000, yet direct waterfront homes command a substantial premium; recent comparable sales and the valuation analysis place this property in the $825,000–$875,000 range with a midpoint estimate of $850,000. One-year appreciation is modest (~5%) while five-year appreciation is strong (~25%), reflecting sustained demand for Gulf-access lots. Rental demand is healthy, with an estimated monthly rent of about $4,500 supporting investment returns. Given the combination of rare lot size, 137' water frontage, recent capital improvements (tile roof 2023, sliders 2025, kitchen 2021) and constrained waterfront inventory, this is an opportune time for buyers seeking a turn-key boating property with upside — but due diligence on flood insurance and HVAC condition is recommended.

Nearby Schools

Ida S. Baker High School

High

4/10

Gulf Middle School

Middle

8/10

Gulf Elementary School

Elementary

6/10

Walkability & Recreation

40
Walkability
80
Recreation

Very good recreational access with Sands Park 0.4 miles away, Cape Harbour Marina 1.2 miles, Rotary Park 1.8 miles, Tarpon Point 2.5 miles and Cape Coral Yacht Club Beach 4.4 miles — ideal for boating, paddling, tennis and waterfront dining.

Investment Highlights

  • Direct Gulf access with 137 feet of water frontage
  • Recent renovations including new tile roof (2023) and hurricane-rated sliders (2025)
  • Proximity to Sands Park (0.4 mi) and Cape Harbour Marina (1.2 mi)
  • Significant appreciation since 2012 purchase
  • Spacious 0.36-acre lot with expansive outdoor living spaces

Key Findings

  • County assessor shows 2012 purchase at $434,000 ($180/SF) — current estimate $850,000 ($352/SF)
  • Assessed value $679,909 (land $302,813, improvements $377,096) — annual taxes $7,685.64
  • Zoned R1 — Single Family Residential
  • Comparable sales within 0.5 miles in last 6 months range $800K–$900K
  • Average days on market in Cape Coral: 78 days

Things to Consider

  • Built in 2000 — HVAC system age and condition should be inspected
  • Located in flood zone AE — flood insurance likely required
  • Ida S. Baker High School rated 4/10 — may impact family buyer interest

Opportunity Analysis

Well-maintained waterfront home with direct Gulf access and recent renovations in a desirable Cape Coral neighborhood. Significant appreciation potential and strong rental market create additional upside. Balanced market conditions suggest steady resale trajectory.

Potential Use Scenarios

  • Potential primary residence for boating enthusiasts
  • Vacation rental potential with estimated rent of $4,500/mo
  • Long-term investment in appreciating waterfront market

Risk Factors

  • Flood zone AE — requires flood insurance
  • HVAC system age unknown — potential near-term replacement cost
  • High school ratings may deter some family buyers

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$825K

Midpoint

$850K

High

$875K

$352/SF estimated price per square foot

85% confidence

Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for waterfront location, lot size, and recent renovations. Income approach supports $4,500/mo rental value (GRM of ~16x). Assessed value of $679,909 appears below market.

As of 2026-03-03

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$468,000
Avg Days on Market78 days
Inventory3.5 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)12,000
Median Income (1 mi)$75,000

Cape Coral median home values increased 25% from 2020-2025. Strong demand for waterfront properties. Walkability Rating estimate: 40/100.

Nearby Points of Interest

  • Sands Park (0.4 mi)
  • Cape Harbour Marina (1.2 mi)
  • Tarpon Point Marina (2.5 mi)
  • Rotary Park Environmental Center (1.8 mi)
  • Cape Coral Yacht Club Beach (4.4 mi)

Proximity to marinas, parks, and recreational facilities enhances lifestyle appeal. Nearby shopping and dining options at Cape Harbour and Tarpon Point Marinas.

School District

DistrictLee County School District
ElementaryGulf Elementary School (6/10)
MiddleGulf Middle School (8/10)
HighIda S. Baker High School (4/10)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built2000
Constructionconcrete block
Stories1
Rooftile
Heatingcentral electric
Coolingcentral AC
Basementnone
FireplaceNo
Conditionexcellent

Lot & Site

Lot Size0.36 acres (15,682 SF)
Topographylevel
Parkingattached_garage
Parking Spaces2
Frontage137 feet of water frontage on canal

Utilities

Waterpublic
Sewerpublic
ElectricLCEC
Gasnone

Zoning & Land Use

Zoning CodeR1
DescriptionSingle Family Residential
JurisdictionCity of Cape Coral

Allowed Uses

single family
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$679,909
Land$302,813
Improvements$377,096
Annual Tax (2025)$7,685.64

Sale History

2012-08-15$434,000

$180/SF

Arm's length transaction

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