5322 Colonade CT, Cape Coral, FL 33904

$499,900 Asking Price

4 beds
2 baths
1,814  sqft
Built in 1967

Discover a remarkable opportunity to own a prime piece of property with direct Gulf access, just minutes away from open water, nestled in the highly sought-after Yacht Club neighborhood! The city of Cape Coral is committing over $80 million to enhance the Yacht Club, Beach, and Marina, making this the perfect time to invest in your slice of paradise. This property presents the ideal canvas for your dream home or an investment property. The recently installed seawall features 10-foot panels, elevating the overall height by nearly 2 feet and providing an added layer of security. Please be aware that the existing structure sustained significant damage during Hurricane Ian and may be subject to the FEMA 50/50 rule, which could restrict renovations unless the structure is elevated to meet FEMA height requirements. We recommend consulting with an attorney or the City of Cape Coral's permitting department for further guidance. Don’t miss your chance to create your ideal waterfront lifestyle!

Features & Amenities

Interior

General:
Other
Appliances:
None
Dining:
Other
A/C:
false, None
Heating:
false, None

Exterior

Style:
Ranch, Single Family
Parking:
Driveway Paved, Paved, Attached, Parking spaces: 2

Construction

Roofing:
Tile
General:
Concrete Block, Stucco, 1, Concrete Block

Location

HOA Amenities:
None, Streetlight, 0.0
Originating MLS:
Florida Gulf Coast
County:
Lee

Lot

Zoning:
R1-W, 13-45-23-C4-00147.0110
View:
Canal, Water, View
Restrictions:
No Commercial, No RV

Utilities

Water:
Assessment Paid, Central

Financial

Source:
Florida Gulf Coast

This listing courtesy of:
Blue Line Realty of SWFL

About Cape Coral, FL

Housing

Number of Units
98,584
Median Home Value
$257,958
Median Rent
$1,134

21.98% of housing units are renter occupied.

14.00% are vacant.

Commute

Car
71.53%
Public Transportation
0.18%
Walk to Work
0.98%
Work from Home
26.12%
Other
0.78%

The median travel time to work is 22 minutes.

People

Population
208,767
Median Age
46.70
Median Household Size
2.67

Education

High School
37.07%
Associate’s Degree
8.82%
Bachelor’s Degree
15.87%
Graduate Degree
8.41%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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