$869,000
3 Bed · 2 Bath · 2,415 Sq Ft
137' water frontage, renovated kitchen, direct Gulf access and sweeping water views.
3
Beds
2
Baths
2,415
Sq Ft
2000
Built
0.36 acres
Lot
2-car attached
Garage
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.
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.
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.
Ida S. Baker High School
High
Gulf Middle School
Middle
Gulf Elementary School
Elementary
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.
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.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$825K
Midpoint
$850K
High
$875K
$352/SF estimated price per square foot
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.
Cape Coral median home values increased 25% from 2020-2025. Strong demand for waterfront properties. Walkability Rating estimate: 40/100.
Proximity to marinas, parks, and recreational facilities enhances lifestyle appeal. Nearby shopping and dining options at Cape Harbour and Tarpon Point Marinas.
Market data is based on aggregated public records and may not reflect real-time conditions.
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$180/SF
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