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Photo 1 of 49: New Roof, New Covered Parking, New Paint!
New Roof, New Covered Parking, New Paint!
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4707 SE 5th Avenue 102, Cape Coral, FL 33904

FALCON BAY CONDO · Lee County

Key Facts

2Beds
2Baths
1,262Sq Ft
1981Year Built
2Stories

Description

PRICE DROP! Spectacular GULF ACCESS WIDE BASIN VIEW on the RUBICON Canal—one of the most desirable waterfront settings in Cape Coral. Great Low Price for this FIRST-FLOOR 2 Bedroom + DEN in a prime downtown location, and a water view that truly stands out. The bright open layout showcases NEW luxury vinyl flooring in the living areas and bedroom, crown molding, and stylish NEW wainscoting on freshly painted walls. Major updates include a NEW ROOF, NEW covered parking, and a freshly painted building. The UPDATED kitchen features white cabinetry, decorative backsplash, tile flooring, raised ceiling detail, and a BUILT-IN coffee/bar station with wine refrigerator—ideal for entertaining. Sliding glass doors lead to a spacious screened lanai overlooking the heated pool and expansive canal basin, creating seamless indoor-outdoor living. The split-bedroom floor plan offers privacy, with bedrooms on separate hallways. The primary suite features crown molding, lanai access, and a private bath with separate sink area, plus an additional sink area in the guest bath. The den/flex space works perfectly as an office, media room, or guest overflow. A full interior laundry room, multiple closets, and exterior storage provide everyday convenience. The lanai includes roll-down shutters for protection and privacy—perfect for relaxing and watching boats pass by. Added value includes an impact-rated entry door and BRAND NEW hurricane windows in process, offering storm protection and potential insurance savings. This well-maintained community offers Gulf access, a heated waterfront pool, seawall, and community dock. Covered parking and storage are just steps from your front door, with a charming garden area out front for plants or seating. Located in the heart of Downtown Cape Coral, you’re within walking distance to waterfront dining, coffee shops, boutiques, live music, farmers markets, and festivals, with the revitalized Bimini Basin and The Cove at 47th continuing to drive demand. Wide basin views, Gulf access, downtown lifestyle, and first-floor convenience—this is waterfront living done right.

Property Information

Property Type

Residential

Sub-Type

Condominium

Style

Two Story, Low Rise

Year Built

1981

Stories

2

Living Area

1,262 sq ft

Ownership

Condo

Days on Market

92

MLS® Listing#

2026010206

Property Features

Interior

Breakfast BarHigh CeilingsKitchen Island

Exterior

Storage

Appliances

DryerDishwasherDisposalMicrowaveRangeRefrigeratorWasher

Cooling

Central AirElectric

Heating

CentralElectric

Flooring

CarpetTile

Pool

Community

Parking

AssignedCoveredPavedAttached Carport

Laundry

Inside

Patio

PatioScreenedPorch

Lot Features

Zero Lot LineWaterfront

Construction

BlockConcreteStucco

Roof

Shingle

Windows

Window CoveringsShutters

Community

Pool

Utilities

Cable Available

Sewer

Public Sewer

Water Source

Public

Financial Details

HOA

Yes

Annual Taxes

$3,207

Tax year 2025

Parcel Number

12-45-23-C3-02600.1020

Directions

Cape Coral Parkway West, North (right) on Coronado to West (left) on SE 47th Terrace to North (right) on SE 5th AVE.

Affordability Calculator

$37,800

Estimated monthly payment

$1,006/mo

Principal $151,200 · Est. interest $210,937 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Cape Coral, FL

$433,206
Median Listing Price
93
Median Days on Market
1,783
Median Sq Ft
$247
Median Price / Sq Ft
4,198
Active Listings
  • This home’s price is 56% below the area median.
  • Its price per sq ft is 39% below the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Cape Coral, FL.

Location

  • 4707 SE 5th Avenue 102, Cape Coral, FL 33904

Getting Around

Walk
Bike

Somewhat Walkable

Walk Score details ↗

Points of Interest in Cape Coral, FL

Showing the Cape Coral area map.

Nearby Schools

  • Cape Elementary School

    Elementary · 1.0 mi away

  • Pelican Elementary School

    Elementary · 1.8 mi away

  • Providence Christian School

    School · 1.8 mi away

  • Bobbie Noonan's Child Care

    School · 1.9 mi away

  • Christ Lutheran School

    School · 2.7 mi away

  • St Andrew School

    School · 2.9 mi away

  • Cape Coral High School

    Secondary · 3.2 mi away

  • Nicaea Academy

    School · 3.2 mi away

  • Gulf Middle School

    Secondary · 3.4 mi away

  • Heritage Charter Academy

    School · 3.4 mi away

  • Gulf Elementary School

    Elementary · 3.5 mi away

  • Ida S. Baker High School

    Secondary · 3.6 mi away

  • Heights Elementary School

    Elementary · 3.8 mi away

  • Skyline Elementary School

    Elementary · 3.9 mi away

  • Oasis Charter High School

    Secondary · 3.9 mi away

  • Maimonides Hebrew Day School

    School · 4.0 mi away

  • Oasis Middle School

    Secondary · 4.0 mi away

  • Oasis Charter Elementary School

    Elementary · 4.0 mi away

  • Cypress Lake Middle School

    Secondary · 4.1 mi away

  • The Heights Foundation

    Elementary · 4.1 mi away

Commute Calculator

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EXIT Agents in Cape Coral

Listing Courtesy: LocateHomes.com - 2394433000

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of one or more Multiple Listing Services (MLS). Listing information is deemed reliable but is not guaranteed accurate. Copyright © EXIT Realty® and respective MLS providers.

Data provided by FloridaGulfCoast. MLS® Listing#2026010206. © 2026EXIT Realty®. All rights reserved.