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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.
| DAYS ON MARKET | 179 | LAST UPDATED | 5/4/2026 |
|---|---|---|---|
| TRACT | CAPE CORAL | YEAR BUILT | 1965 |
| COMMUNITY | 33914 - Cape Coral | GARAGE SPACES | 2.0 |
| COUNTY | Lee | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| PRICE HISTORY | |
| Prior to Dec 18, '25 | $749,000 |
|---|---|
| Dec 18, '25 - Apr 12, '26 | $699,000 |
| Apr 12, '26 - May 4, '26 | $689,000 |
| May 4, '26 - Today | $688,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Other, Range, Refrigerator |
| AREA | 33914 - Cape Coral |
| CONSTRUCTION | Stucco |
| EXTERIOR | Dock |
| GARAGE | Yes |
| HEAT | Electric |
| LOT | 0.43 acre(s) |
| LOT DESCRIPTION | Corner Lot, Irregular Lot, Landscaped, Level, Paved, Waterfront |
| PARKING | Garage Door Opener, Attached |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Florida |
| SUBDIVISION | CAPE CORAL |
| TAXES | 3266.33 |
| UTILITIES | Cable Available, Electricity Available, Phone Available, Sewer Connected, Water Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Canal, Water |
| WATER | Public |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Canal Front |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Heather Porrett, MILOFF AUBUCHON REALTY GROUP, 239-542-1075
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 5/5/26 10:51 PM PDT.
This IDX solution is (c) Diverse Solutions 2026.