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$400,000
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Property Description
Waterfront Quadplex with Gulf Access - Tear-Down or Major Renovation Opportunity Located at 4507 SE 5th Place, this rare Gulf-access quadplex offers an exceptional investment opportunity in the heart of Cape Coral. Situated on a spacious 0.385-acre waterfront lot with 120 feet of concrete seawall and a concrete dock, the property provides direct boating access to the Gulf of Mexico. Built in 1964 with a total of 2,580 sq. ft., the existing structures are not currently habitable and will require demolition or extensive rehabilitation. Zoned R3-W, the site allows for multi-family redevelopment in a highly desirable waterfront location. With close proximity to dining, shopping, and Cape Coral's boating lifestyle, this property is ideal for builders, investors, or developers seeking a prime location with endless potential. Property Highlights: Waterfront with Gulf access 120' concrete seawall & dock 0.385-acre lot in desirable Cape Coral Unit 9 Zoned R3-W (multi-family) Prime redevelopment opportunity
Full Property Details
Full Property Details for 4507 SE 5th Pl
General
- Sold For: $400,000
- Taxes: (2024)
- Status: Closed
- Type: Multi-Family
- Source: Bonita_Springs
- MLS ID: 2025005628
- Added to Site: 201 day(s) ago
Interior
- Flooring: Tile
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 4
Additional Information
- Shared Amenities: None, No Subdivision
Exterior
- Exterior Features: Dock, Concrete Dock, Dock Included, None
Location
- Area: CC12 - Cape Coral Unit 7-15
- County: Lee
- Subdivision: CAPE CORAL
- Building Name: CAPE CORAL
Community
- Units Assoc/Comm: 4
- Pets Allowed: Yes
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Window Unit(s)
- Heating Type: None
Utilities
- Sewer: Assessment Paid, Central
- Water: Assessment Paid, Central
- Cable Available: Yes
- Utility Description: Cable Available
Structural Information
- Description/Design: Quadruplex
- Exterior Const.: Concrete Block
- Roof: Shingle
- Windows: Jalousie
- Stories/Levels: 1
- Year Built: 1964
Lot Features
- Lot Size (Acres): 0.385
- Lot Size (Sq. Ft.): 16,770
- Lot Size Source: Property Appraiser Office
- Lot Dimensions: 120 x 121 x 150 x 137
- Frontage: Public Road
- Frontage Feet: 120
- Street/Road Desc.: Paved
- Irrigation System: Assessment Paid, Central
- Lot Features: Irregular Lot
- Zoning: R3-W
- Lot Description: Irregular Lot
Water Features
- Water Front: Yes
- Gulf Access: Yes
- Water Front Desc.: Canal Front, Navigable Water
- Canal Width: Canal Width 121-150
Financial Considerations
- Tax Year: 2024
- Terms: Cash, Seller Pays Title
- Tenant Pays: Other/See Remarks
Disclosures and Reports
- Legal Description: CAPE CORAL UNIT 9 BLK 289 PB 13 PG 12 LT 3 SELY 25.60 FT OF + LTS 4 +5
- Property ID: 12-45-23-C3-00289.0030
- Section: 12
- Block: 289
- Lot Number: 4
Listed by Old Glory Realty
Sold by Jones & Co Realty
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Schools
Schools serving 4507 SE 5th Pl
School District:Lee County School District, Fort Myers, FL
| Name | Grades | Distance |
|---|---|---|
Cape Elementary School 4519 Vincennes Boulevard, Cape Coral, FL 33904 | K-5 | 0.8 mi |
Pelican Elementary School 3525 Southwest 3rd Avenue, Cape Coral, FL 33914 | K-5 | 1.6 mi |
Gulf Elementary School 3400 Southwest 17th Place, Cape Coral, FL 33914 | K-5 | 3.6 mi |
Gulf Middle School, Cape Coral, FL 1809 Southwest 36th Terrace, Cape Coral, FL 33914 | 6-8 | 3.4 mi |
Challenger Middle School, Cape Coral, FL 624 Trafalgar Parkway, Cape Coral, FL 33991 | 6-8 | 4 mi |
Trafalgar Middle School 2120 Trafalgar Parkway, Cape Coral, FL 33991 | 6-8 | 4.9 mi |
Cape Coral High School 2300 Santa Barbara Boulevard, Cape Coral, FL 33991 | 9-12 | 2.9 mi |
Ida S. Baker High School 3500 Agualinda Boulevard, Cape Coral, FL 33914 | 9-12 | 3.6 mi |
North Fort Myers High School 5000 Orange Grove Boulevard, North Fort Myers, FL 33903 | 9-12 | 7.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4507 SE 5th Pl
Date
Details
Price
Change
Source
11/14/2025
Sold
$400,000
-5.88%
MLS
9/28/2025
Price Reduced
$425,000
-5.56%
MLS
9/17/2025
Price Reduced
$450,000
-10%
MLS
8/14/2025
Listed
$500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4507 SE 5th Pl, Cape Coral, FL 33904 (MLS# 2025005628) is a Multi-Family property that was sold at $400,000 on November 14, 2025. Want to learn more about 4507 SE 5th Pl? Do you have questions about finding other Multi-Family real estate for sale in Cape Coral? You can browse all Cape Coral real estate or contact a Coldwell Banker agent to request more information.

