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About This Home
This 2-bedroom, 2-bathroom condo at 4550 SE 5th Place in Cape Coral, FL is listed for $255,000 ($250 per sqft). Built in 1989, the home offers 1,022 sqft of living space on a N/A lot.
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!
Key Features
- Built in 1989
- 2 stories
- Waterfront
Property Details
Amenities
Monthly Cost Estimate
$1,364/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
4550 SE 5th Place
Cape Coral, FL 33904
OCEAN ISLE RUBICAN II
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Parking
Heating
Cooling
Appliances
Questions & Answers
This 2-bedroom, 2-bathroom condo at 4550 SE 5th Place is listed at $255,000 ($250/sqft). The estimated monthly payment is $1,105 based on 20% down at 6.5% interest.
Key features include: Built in 1989, 2 stories, Waterfront. Interior Features: LivingDiningRoom, Pantry, ShowerOnly. Exterior Features: ShuttersElectric.
This property is listed by Ashley Clark and can be reached at 2398410780 or Ashley@ashleyhomesfl.com.








