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$255,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 2 Beds
  • 2 Full Baths
  • 1,022 Sq. Ft.
  • Updated 1 day ago
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Gulf access condo just minutes from downtown Cape Coral! Situated on the Rubican Canal with over 200 feet of waterfront views, this beautifully updated 2-bedroom, 2-bathroom condo offers the Florida lifestyle you've been dreaming of. Step inside to a bright and open floor plan featuring new luxury vinyl plank flooring throughout for easy maintenance. The spacious kitchen is equipped with granite countertops, updated appliances, a pantry, plenty of counter space, and a breakfast bar that's perfect for entertaining. The living area flows seamlessly to a private west-facing balcony, providing the ideal spot to enjoy your morning coffee or take in breathtaking Florida sunsets over the water. The owner's suite offers private lanai access, stunning canal views, a large walk-in closet, and an en-suite bathroom featuring a tiled walk-in shower. Enjoy added peace of mind with a newer A/C system (2024) that was recently serviced in May, a water heater replaced in 2022, hurricane-impact windows in the primary bedroom, and a hurricane roll-down screen on the lanai. The well-maintained Ocean Isle Rubican community provides even more value with a newer seawall (2018), composite docks (2018) that allow you to keep your boat right outside your backyard, updated carports (2018/2019), fresh exterior paint (2025), and a new roof and soffits (2024). Low HOA fees include flood insurance, water, garbage, pest control, and lawn maintenance, making for truly low-maintenance living. Conveniently located in the heart of Cape Coral, you'll be within walking or biking distance of downtown Cape Coral's shopping, dining, and entertainment. Nearby attractions include Cape Harbour, Tarpon Point, top-rated schools, medical facilities, local beaches such as Sanibel, Captiva, and Fort Myers Beach, as well as easy access to area airports. Whether you're looking for a seasonal retreat, investment property, or year-round residence, this waterfront condo checks all the boxes. Don't miss your opportunity to own your slice of paradise, schedule your private showing today!

Full Property Details for 4550 SE 5th Pl #202

General

  • Price: $255,000
  • HOA FEE: $507/month
  • Taxes: (2024)
  • Status: Active
  • Type: Single Family
  • Source: Bonita_Springs
  • MLS ID: 2026024466
  • Updated: 6/4/2026
  • Added to Site: 1 day(s) ago

Rental Information

  • Lease/Rent Term: 90
  • Min. Lease (Days): 90

Interior

  • Interior Features: Split Bedrooms, Great Room, Wired for Data, Pantry, Walk-In Closet(s)
  • Appliances: Washer, Dishwasher, Disposal, Dryer, Microwave, Refrigerator/Freezer, Self-Cleaning Oven
  • Furnished: Yes
  • Furnishings: Furnished
  • Flooring: Tile, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Primary Bathroom: Shower Only

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Kitchen: Pantry
  • Dining Room: Dining - Living
  • Laundry: Inside

Additional Information

  • Shared Amenities: Community Boat Dock, Pool, Boating, Non-Gated
  • Security/Safety: Smoke Detector(s), Smoke Detectors

Exterior

  • Exterior Features: Composite Dock, Screened Balcony, None

Parking

  • Carports: Yes
  • Carport Spaces: 1
  • Covered Spaces: 1
  • Parking Features: 1 Assigned, Covered, Guest, Paved, Attached Carport

Location

  • Area: CC12 - Cape Coral Unit 7-15
  • County: Lee
  • Subdivision: OCEAN ISLE RUBICAN II
  • Building Name: OCEAN ISLE RUBICAN CONDO
  • Driving Directions: Head west on Cape Coral Parkway, turn right on SE 6th Ave, then turn left on SE 47th Ter, take a right on SE 5th PL and the condo is on the left hand side.
  • Direction Faces: East

Community

  • Association: Yes
  • Assoc. Fees Include: Manager, Master Assn. Fee Included, Rec Facilities, Reserve, Trash, Water, Insurance, Maintenance Grounds
  • Units Assoc/Comm: 14
  • Pets Allowed: Yes
  • Number of Pets: 2
  • Management Type: Professional

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Ceiling Fan(s), Central Electric
  • Heating Type: Central Electric

Utilities

  • Sewer: Central
  • Water: Central
  • Cable Available: Yes
  • Utility Description: Cable Available

Structural Information

  • Description/Design: Low Rise (1-3)
  • Exterior Const.: Concrete Block, Stucco
  • Roof: Shingle
  • Windows: Sliding, Shutters Electric
  • Entry Floor Number: 2
  • Stories/Levels: 2
  • Stories in Building: 2
  • Square Feet: 1,022
  • Sq. Ft. Source: Property Appraiser Office
  • Living Area: 1,022 Sq. Ft.
  • Year Built: 1989

Lot Features

  • Property View: Canal
  • Lot Size Source: Property Appraiser Office
  • Frontage: Public Road
  • Street/Road Desc.: Paved
  • Irrigation System: Central
  • Lot Features: Zero Lot Line
  • Lot Description: Zero Lot Line

Water Features

  • Water Front: Yes
  • Gulf Access: Yes
  • Water Front Desc.: Bridge(s)/Water Indirect, Canal Front
  • Canal Width: Canal Width 200+
  • Boat Dock Slip: Yes

Financial Considerations

  • Condo Fee: $507
  • Condo Fee Freq: Monthly
  • Application Fee: $100
  • Tax Year: 2024
  • Terms: Buyer Finance/Cash

Disclosures and Reports

  • Ownership: Condo
  • Legal Description: OCEAN ISLE RUBICAN II OR 2115 PG 3283 UNIT 202
  • Property ID: 12-45-23-C3-01100.2020
  • Section: 12
  • Block: 1100
  • Lot Number: 202

Listed by John R. Wood Properties

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— 4550 SE 5th Pl #202 —

  • John R. Wood Properties

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 4550 SE 5th Pl #202

School District:Lee County School District, Fort Myers, FL
NameGradesDistance
Cape Elementary School
4519 Vincennes Boulevard, Cape Coral, FL 33904
K-50.9 mi
Pelican Elementary School
3525 Southwest 3rd Avenue, Cape Coral, FL 33914
K-51.7 mi
Gulf Elementary School
3400 Southwest 17th Place, Cape Coral, FL 33914
K-53.5 mi
Gulf Middle School, Cape Coral, FL
1809 Southwest 36th Terrace, Cape Coral, FL 33914
6-83.3 mi
Trafalgar Middle School
2120 Trafalgar Parkway, Cape Coral, FL 33991
6-85 mi
Cape Coral High School
2300 Santa Barbara Boulevard, Cape Coral, FL 33991
9-123 mi
Ida S. Baker High School
3500 Agualinda Boulevard, Cape Coral, FL 33914
9-123.6 mi
North Fort Myers High School
5000 Orange Grove Boulevard, North Fort Myers, FL 33903
9-127.2 mi
Mariner High School
701 Chiquita Boulevard North, Cape Coral, FL 33993
9-127.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4550 SE 5th Pl #202 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/04/2026
Listed
$255,000
-8.93%
MLS
12/14/2021
Sold
$280,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 4550 SE 5th Pl #202

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,250
-15%
$174,016
-19%
2024
$3,825
-6%
$215,073
-12%
2023
$4,053
63%
$244,749
82%
2021
$2,494
-28%
$134,664
-32%
2022
$3,480
40%
$198,155
77%
2021
$2,494
9%
$112,243
—
2019
$2,284
2%
$112,243
7%
2018
$2,237
2%
$104,452
-13%
2017
$2,189
8%
$119,510
10%
2016
$2,033
10%
$108,447
17%
2015
$1,855
9%
$92,700
8%
2014
$1,708
17%
$85,900
17%
2013
$1,459
—
$73,400
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by John R. Wood Properties

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Listed by The Forneris Group

4550 SE 5th Pl #202, Cape Coral, FL 33904 (MLS# 2026024466) is a Single Family property with 2 bedrooms and 2 full bathrooms. 4550 SE 5th Pl #202 is currently listed for $255,000 and was received on June 04, 2026. Want to learn more about 4550 SE 5th Pl #202? Do you have questions about finding other Single 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.

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