4550 SE 5th PL 202, CAPE CORAL
Low Rise (1-3)
$245,000
▼ $10,000 (4%)2
Beds
2
Baths
1,022
Sqft
Est. $1,804/mo · Get pre-qualified
Gulf access condo just minutes from downtown Cape Coral! Situated on the Rubican Canal with over 200 feet of waterfront views, this beautifully updated 2-bedroom, 2-bathroom condo offers the Florida lifestyle you've been dreaming of. Step inside to a bright and open floor plan featuring new luxury vinyl plank flooring throughout for easy maintenance. The spacious kitchen is equipped with granite countertops, updated appliances, a pantry, plenty of counter space, and a breakfast bar that's perfect for entertaining. The living area flows seamlessly to a private west-facing balcony, providing the ideal spot to enjoy your morning coffee or take in breathtaking Florida sunsets over the water. The owner's suite offers private lanai access, stunning canal views, a large walk-in closet, and an en-suite bathroom featuring a tiled walk-in shower. Enjoy added peace of mind with a newer A/C system (2024) that was recently serviced in May, a water heater replaced in 2022, hurricane-impact windows in the primary bedroom, and a hurricane roll-down screen on the lanai. The well-maintained Ocean Isle Rubican community provides even more value with a newer seawall (2018), composite docks (2018) that allow you to keep your boat right outside your backyard, updated carports (2018/2019), fresh exterior paint (2025), and a new roof and soffits (2024). Low HOA fees include flood insurance, water, garbage, pest control, and lawn maintenance, making for truly low-maintenance living. Conveniently located in the heart of Cape Coral, you'll be within walking or biking distance of downtown Cape Coral's shopping, dining, and entertainment. Nearby attractions include Cape Harbour, Tarpon Point, top-rated schools, medical facilities, local beaches such as Sanibel, Captiva, and Fort Myers Beach, as well as easy access to area airports. Whether you're looking for a seasonal retreat, investment property, or year-round residence, this waterfront condo checks all the boxes. Don't miss your opportunity to own your slice of paradise, schedule your private showing today!
142 days on market · Listing updated October 21, 2026
Location
Facts & Features
- Interior Features:
- Split Bedrooms, Great Room, Wired for Data, Pantry, Walk-In Closet(s)
- Appliances:
- Dishwasher, Disposal, Dryer, Microwave, Refrigerator/Freezer, Self Cleaning Oven, Washer
- Flooring:
- Tile, Vinyl
- Laundry:
- Inside
- Primary Bathroom:
- Shower Only
- Kitchen:
- Pantry
- Dining Room:
- Dining - Living
- Entry Level:
- 2
- Heating:
- Central Electric
- Cooling:
- Ceiling Fan(s), Central Electric
- Utilities:
- Cable Available
- Sewer:
- Central
- Water Source:
- Central
- Security:
- Smoke Detector(s), Smoke Detectors
- Exterior Features:
- Composite Dock, Screened Balcony, None
- Construction:
- Concrete Block, Stucco
- Roof:
- Shingle
- View:
- Canal
- Waterfront:
- Bridge(s)/Water Indirect, Canal Front
- Direction Faces:
- East
- Lot Features:
- Zero Lot Line
- Irrigation:
- Central
- Road Surface:
- Paved
- Road Frontage:
- Public Road
- Parking:
- 1 Assigned, Covered, Guest, Paved, Attached Carport
- Carport Spaces:
- 1
- Windows:
- Sliding, Shutters Electric
- Community Features:
- Community Boat Dock, Pool, Boating, Non-Gated
- Subdivision:
- OCEAN ISLE RUBICAN II
- Annual Taxes:
- $3,825
- Pets Allowed:
- Number Limit
- Furnished:
- Furnished
- Possession:
- Close Of Escrow
- Listing Terms:
- Buyer Finance/Cash
Price History
| Date | Event | Price |
|---|---|---|
| Oct 21, 2026 | Price change | $245,000 |
| Jun 4, 2026 | Original list price | $255,000 |
Reflects listing data on file, not a complete transaction history.
Listed by Ashley Clark, John R. Wood Properties
The data relating to real estate for sale displayed on this Website comes in part from the Multiple Listing Service of the Bonita Springs-Estero Association of REALTORS®, Inc., under License No. BK3468074. Properties displayed on this Website include properties listed with brokerage firms other than Sands Real Estate & Property Management. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Bonita Springs-Estero Association of REALTORS® Multiple Listing Service, or contained in the database compilation of the Bonita Springs-Estero Association of REALTORS® Multiple Listing Service.