5229 Pelican Blvd, photo 1
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Overview

3 bd2 ba1,289 sqft2 car garageSingle Family
TypeSingle Family
HOANone listed
Built1965
Lot18,644 sqft
Living area1,289 sqft
Price / sqft$496
Garage2 car

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

Ceiling Fans(s)Split BedroomRangeRefrigerator

5229 Pelican Blvd is a 1965-built home in Cape Coral, Cape Coral. Inside you'll find 3 bedrooms, 2 bathrooms, and 1,289 square feet of living space. Listed at $639,000 (about $496/sqft), 337 days on market. Flood zone AE - confirm flood insurance requirements with your lender.

From the listing

Direct Gulf Access – Build Your Custom Waterfront Dream Home! Situated in one of Cape Coral’s most prestigious neighborhoods, 5229 Pelican Blvd presents an extraordinary opportunity to design and build your own luxury residence with direct Gulf access—no bridges, no locks, and open water just minutes away. This oversized triple-lot, corner canal-front property is being sold at land value only and offers the ideal foundation for an exceptional custom estate. Located in the highly sought-after Tarpon Point area, this street has become a showcase of fine coastal living, with multiple luxury homes currently under construction, including an award-winning new build completed earlier this year. The setting is simply unmatched—wide canal views, deep water access, and plenty of room to create a sprawling residence with resort-style outdoor living, a private dock, and space for all your toys. Please note: This is a complete teardown property with no interior access. The true value lies in the location, land, and limitless potential to craft a custom Gulf-access retreat in one of Cape Coral’s most desirable areas. This is your chance to bring your vision to life and build the ultimate Southwest Florida waterfront home—where luxury, lifestyle, and location converge.

The essentials

Built
1965
Price / sqft
$496
On market
337 days
Annual tax
$3,266
Flood zone
AE
Lot
18,644 sqft
Type
Single Family Residence

At a glance

Single family
Built 1965
Waterfront
Canal - Brackish
2 car garage
Garage Door Opener
0.43 acres
Lot size
1,289 sqft
Living area

Payment

Est. monthly payment
$3,925/mo
Down payment (20%)
$127,800
Property taxes
$272/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Single Family Residence
Year Built
1965
Lot
18,644 sqft
Cooling
Central Air
Heating
Electric
Parking
Garage Door Opener
Waterfront
Canal - Brackish, Canal - Saltwater
Days on Market
337
Ceiling Fans(s)
Split Bedroom
Range
Refrigerator
Homestead exemption on file Flood Zone AE
Annual Tax (2024)
$3,266
Parcel #
14-45-23-C3-00189.0010

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Cape Coral
County
Lee
MLS Area
33914 - Cape Coral
Lot Size
18,644 sqft
Corner LotIrregular LotLandscapedLevelOversized LotPaved

Price history

Date
Event
Price
9/16/2026
Price change
Source: Stellar MLS #TB8446407
$639,000-1.5%
$496/sqft
-
Price change
Source: Stellar MLS #TB8446407
$649,000-13.4%
$503/sqft
11/8/2025
Listed for sale
Source: Stellar MLS #TB8446407
$749,000
$581/sqft

Neighborhood

5229 Pelican Blvd
Cape Coral, FL, 33914 · 33914 - Cape Coral

Market insights

Offer Insights

Choose an offer strength

List price: $639,000
$625,000 – $639,000
97.6% – 100% of listTops out right at the list price
80% of listList price
21 of the last 40 home closings in 33914 landed at this number or higher (53%). The median one sat 42 days before it went under contract, and this one is on day 337 after a $110,000 cut.

Sample: 40 closed home sales in 33914 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$3,924/mo
Principal & interest$3,333
Property taxes$272
Insurance$320
Down payment20% · $127,800
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$639,000

$496 per sq ft

Beds and baths

3 beds, 2 baths

Size

1,289 sq ft

Time on market

337 days

Year built

1965

Monthly payment

About $3,925/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $3,266 annual tax bill, insurance.

Flood zone

Zone AE

That is a high-risk designation, so a lender will normally require flood insurance. Confirm the current rate before you write an offer.

Offer

What should I offer?

Have another question?

Brokered byTHE KEYES COMPANYListing agent: Heather PorrettListing data from Stellar MLS, MLS# TB8446407.

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