5229 PELICAN BOULEVARD, CAPE CORAL, FL, 33914
Active272 days on marketListed Nov 8, 2025MLS #TB8446407
About this home
5229 PELICAN BOULEVARD
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.
Facts & features
The home at a glance
3
Bedrooms
2
Bathrooms
1,289
Sqft
0.43 ac
Lot size
2
Garage
1965
Year built
One
Levels
$503
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$4,178 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$4,178/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
+143.8%
$/sqft vs CAPE CORAL
$503 vs $246
Days on market
272 vs 49 typical
Where $503/sqft sits among the 145 homes for sale in CAPE CORAL
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Cape Coral
Get to know Cape Coral. See the full Cape Coral guide →
CAPE CORAL 33914 — neighborhood snapshot
Population
44,439
Median age
54.7
Median income
$75,557
Median home value
$408,800
Avg household
2.46
Households w/ children
3,094
For the school run
Lee County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Cape Coral market
$375K → $405K
Cape Coral median sold, yr/yr
96.4%
Sale-to-list ratio (12 mo)
48 of 145
CAPE CORAL have cut their price
Median sold price, Cape Coral, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 63% above the CAPE CORAL 33914 median. See the full Cape Coral market guide →
Paper trail
This home's history
Reality check
What actually sold near 5229 PELICAN BOULEVARD
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Dec ’25$254,000
1714 NE 40TH LANE · same community
3 bd · 2 ba · 1,357 sqft · $187/sqft · 43 DOM
Sold · Mar ’26$298,000
4404 SW 7TH AVENUE · same community
3 bd · 2 ba · 1,359 sqft · $219/sqft · 51 DOM
Sold · Dec ’25$260,000
930 SW 34TH STREET · same community
3 bd · 2 ba · 1,182 sqft · $220/sqft · 68 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Kat Bonelli
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 5229 PELICAN BOULEVARD — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 5229 PELICAN BOULEVARD — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to Kat's phone and CRM.
Straight answers
5229 PELICAN BOULEVARD FAQs
What would the monthly payment be for 5229 PELICAN BOULEVARD?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $4,178/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 5229 PELICAN BOULEVARD?+
The most recent tax bill on record (2024) was $3,266. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 5229 PELICAN BOULEVARD?+
The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Cape Coral?+
At $649,000, this home is listed about 46% above the Cape Coral median of $445,750. The market section on this page shows how the area is trending.
Which schools are assigned to 5229 PELICAN BOULEVARD?+
Gulf Middle School (middle), Ida S. Baker High School (high), Gulf Elementary School (elementary), Pelican Elementary School (elementary), Cape Coral High School (high), Cape Elementary School (elementary), Trafalgar Middle School (middle), Mariner High School (high), North Fort Myers High School (high) — Lee County School District. Always verify school assignments with the district before relying on them.
The brief
Five things that matter here
01Positioned at the premium end
$649,000 runs 63% above the CAPE CORAL 33914 median.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Time on market is leverage
272 days on market against a Cape Coral median of 49 — sellers in this position are usually ready to negotiate.
04Strong assigned schools
Gulf Middle School, Ida S. Baker High School, Gulf Elementary School, Pelican Elementary School, Cape Coral High School, Cape Elementary School, Trafalgar Middle School, Mariner High School, North Fort Myers High School — Gulf Elementary School rates 4 of 5. Always verify assignments with the district.
05The price has already moved
Listed at $749,000, now $649,000 — a $100K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of THE KEYES COMPANY · Heather Porrett. MLS #TB8446407.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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