$639,000
About this home
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.
Highlights
Property details
- MLS
- Stellar MLS
- MLS #
- MFRTB8446407
- Property type
- Single Family Residence
- Subdivision
- CAPE CORAL
- Status
- Active
- Days on market
- 312
- On market date
- November 8, 2025
- Stories
- N/A
- Total bathrooms
- 2
- Garage spaces
- 2
- Parking spaces
- N/A
- Lot size
- 0.43 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 930
- Student:teacher ratio
- 18.6:1
- District
- LEE
- Enrollment
- 828
- Student:teacher ratio
- 19.3:1
- District
- LEE
- Enrollment
- 1,861
- Student:teacher ratio
- 22.2:1
- District
- LEE
Walkability
Blended score for CAPE CORAL's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in CAPE CORAL, from live MLS data.
Mortgage calculator
Estimate only - actual rate and payment depend on your lender, credit, and loan program.
Adjust tax / insurance estimates
Similar homes you might like
Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated September 16, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.