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2 Beds
2 Baths
1,041 sqft

$515,000

5224 Tower DR, Cape Coral FL, 33904

Price per sqft$494.72
Built in1965
Property size1,041 sqft
Property typeResidential

Overview

Active

Listed Oct 26, 2026

Updated 18h ago

One or more photo(s) has been virtually staged, AI generated or rendered. GULF ACCESS, HEATED SALTWATER POOL, NO RENTAL RESTRICTIONS & ALL ASSESSMENTS PAID IN DESIRABLE SOUTH CAPE CORAL! Whether you're a first-time homebuyer, searching for your Florida vacation getaway, looking for a waterfront primary residence, or seeking your next income-producing investment, 5224 Tower Drive checks ALL the boxes! Located in the heart of SOUTH CAPE CORAL, just minutes from downtown Cape Coral's popular restaurants, shopping, nightlife, and entertainment, this 2-bedroom, 2-bath waterfront home offers the perfect combination of LOCATION, LIFESTYLE, and INVESTMENT POTENTIAL! Boating enthusiasts will appreciate the NEW COMPOSITE DOCK, 10,000-LB BOAT LIFT, AND DIRECT GULF ACCESS, with approximately 15 MINUTES BY BOAT TO THE RIVER AND 25 MINUTES TO THE GULF! Spend your mornings exploring Southwest Florida's beautiful waterways, afternoons relaxing around your private HEATED SALTWATER POOL, and evenings enjoying the waterfront views from your own backyard oasis. Inside, you'll find FRESH NEW PAINT, updated major components, a bright and inviting floor plan, and a spacious FLORIDA ROOM overlooking the pool and canal, providing additional space for relaxing, entertaining, or enjoying the Florida lifestyle year-round. Even better, this home features CITY WATER & SEWER WITH ALL ASSESSMENTS PAID, offering added value and peace of mind! INVESTORS, TAKE NOTICE! With NO RENTAL RESTRICTIONS, desirable boating amenities, a private heated pool, and a sought-after South Cape Coral location, this property offers excellent potential for short-term, seasonal, or long-term rental income. Looking for a vacation home? Enjoy your own waterfront retreat while having the flexibility to generate rental income when you're away! First-time buyer or searching for your forever home? Enjoy the benefits of waterfront living, updated features, and an unbeatable location without sacrificing convenience. Just minutes from downtown Cape Coral, waterfront dining, shopping, entertainment, and everything that makes Southwest Florida such a desirable place to call home. LIVE IN IT, VACATION IN IT, RENT IT OUT, OR INVEST IN YOUR FUTURE—THE CHOICE IS YOURS! And as an added bonus, A 2006 COBIA BOAT MAY BE INCLUDED WITH AN ACCEPTABLE OFFER! Don't miss this opportunity to own a versatile Gulf-access waterfront property in one of Cape Coral's most desirable locations.

$3,426/mo

Est. mortgage payment based on a $515,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
226038723

Interior Features

Bedrooms
2
Bathrooms
2
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.23 Acres

Other Property Details

Taxes
$8,957
Tax Frequency
Annually
Secondary Association Fee
Not Listed
Garage
Yes
View
Yes
Pets Allowed
Yes
Pool
Yes
Waterfront
Yes
55+/Senior Community
No

Listed by Brehna Hovland, Hovland Realty, LLC

Listing Contact: (239) 913-9363 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Mitchell Properties & Salty Hook Homes shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 4:46 AM UTC, 10/27/2026

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