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About this home
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.
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.
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The essentials
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Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
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Sample: 40 closed home sales in 33914 over the last 8 months, Stellar MLS. A starting point, not a guarantee.
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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.
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