Direct Gulf Access in one of Cape Coral’s most prestigious waterfront neighborhoods—5229 Pelican Blvd presents an exceptional opportunity to reimagine and redesign a custom luxury estate tailored entirely to your vision. Situated on an oversized triple-lot corner property in the highly coveted Tarpon Point area, this rare canal-front offering features direct Gulf access with no bridges or locks, placing open water just minutes from your future backyard dock. Surrounded by newly constructed luxury residences and multimillion-dollar waterfront homes, this property is perfectly positioned for an investor, builder, or visionary buyer looking to create a one-of-a-kind coastal retreat in a rapidly transforming enclave of Southwest Florida. Wide canal views, deep water access, and expansive lot dimensions provide endless possibilities for a sprawling custom home with resort-style outdoor living, an oversized pool, private dockage, and space to accommodate large yachts, recreational toys, and elevated entertaining spaces. The surrounding streetscape has become a showcase of modern waterfront architecture, including several newly completed and award-winning luxury homes, further enhancing the long-term value and prestige of the location. Opportunities of this caliber are becoming increasingly rare in Cape Coral, especially in a neighborhood known for its upscale boating lifestyle, proximity to Tarpon Point Marina, waterfront dining, boutique shopping, and quick access to the Gulf of Mexico. Whether your vision includes a contemporary masterpiece, a coastal-inspired estate, or the ultimate waterfront investment property, this is your chance to transform a premier Gulf-access homesite into a truly spectacular custom dream home in one of Cape Coral’s most desirable luxury waterfront corridors.
For 5229 Pelican Blvd, Cape Coral, FL (MLS® #2025018212)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $649,000 to $639,000 | $10,000 (1.54%) | |
| Price Reduced from $675,000 to $649,000 | $26,000 (3.85%) | |
| Price Reduced from $688,000 to $675,000 | $13,000 (1.89%) | |
| Price Reduced from $689,000 to $688,000 | $1,000 (0.15%) | |
| Price Reduced from $699,000 to $689,000 | $10,000 (1.43%) | |
| Show More (1) | ||
| Price Reduced from $749,000 to $699,000 | $50,000 (6.68%) | |
Attached, Driveway, Garage, Paved
CC21 - Cape Coral Unit 3,30,44,6
Cable Available, High Speed Internet Available
Oversized Lot, Corner Lot, Irregular Lot, Multiple lots
Attached, Driveway, Garage, Paved
Entrance Foyer, Window Treatments, Split Bedrooms, Other, See Remarks
Central Air, Ceiling Fan(s), Electric
Oversized Lot, Corner Lot, Irregular Lot, Multiple lots
Impact Glass, Window Coverings, Double Hung
Inquire now for more information about the community of CAPE CORALFind out more!
| Listings | Average DOM | Average Price | Average $/SF | Median $/SF | List/Sale price | |
|---|---|---|---|---|---|---|
| Active | 5533 | 202 | $319,822 | $215 | $400,000 | $639,000 |
| Sold (past 6 mths) | 2807 | 219 | $503049 | $256 | $525,000 | $639,000 |
$624,900
4 Beds • 2 Baths • 1,852 Sqft
CAPE CORAL
Gulf Access, A Sparkling Saltwater Pool, Fully Owned Solar Panels, And An Impressive Three-car, Air-conditioned Garage With An Epoxy-coated Floor P...
$648,000
4 Beds • 3 Baths • 3,201 Sqft
CAPE CORAL
One-of-a-kind Cape Coral Home With A Separate Home Office, Heated Pool & Spa, And Rare Oversized Pie-shaped Cul-de-sac Lot! This Exceptional Reside...
$749,000
3 Beds • 3 Baths • 2,636 Sqft
CAPE CORAL
Southwest Gulf Access Location! This Beautiful House Has Everything And Is Priced To Sell! Enjoy Sunsets On The Large Lanai From The Infinity Pool...
$569,000
4 Beds • 2 Baths • 2,010 Sqft
CAPE CORAL
Welcome To Your Sw Cape Coral Little Paradise! Built In 2019, This Lovely Pool Home Perfectly Combines Modern Elegance With Your Florida Waterfro...
The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright 2026 Southwest Florida MLS organizations.. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.
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