
5229 Pelican BoulevardCape Coral, FL, 33914
- Price per sqft
- $496
- Days on market
- 343
- Listed
- Nov 8, 2025
- Last reduction
- −$10,000
- Sep 16, 2026
About this property
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.
Top Villas Intelligence
Projected rental revenue and ownership costs
Property details
- Property type
- Single Family Residence
- Street address
- 5229 Pelican Boulevard
- City
- Cape Coral
- State
- FL
- ZIP code
- 33914
- Year built
- 1965
- New construction
- No
- Attached property
- No
- Faces
- West
- Rooms
- 3
- Building stories
- 1
- Living area
- 1,289 sqft
- Total building area
- 2,027 sqft
- Levels
- One
- Property condition
- Fixer
Price & sale history
Asking price reduced by $110,000 (14.7%) since first listed.
| Date | Event | Price | Change from previous recorded asking price |
|---|---|---|---|
| Price reducedMLS #TB8446407 | $639,000Change: −14.7%−$110,000 | −14.7%−$110,000 | |
| Listed for saleMLS #TB8446407 | $749,000 | Not applicable |
Location
Recent sales nearby























