About This Home

This 2-bedroom, 2-bathroom condo at 4550 SE 5th Place #202 in Cape Coral, FL is listed for $245,000 ($240 per sqft). Built in 1989, the home offers 1,022 sqft of living space on a N/A lot.

Key Features

  • Built in 1989
  • 2 stories
  • Waterfront

Property Details

2 stories
2 full
#202
1989

Amenities

WaterfrontA/C
Listing Description

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!

Monthly Cost Estimate

$1,310/mo

20% down · 6.5% · 30 years

Principal$177
Interest$1,062
Insurance$71

Estimates only. Actual payments may vary.

Location

4550 SE 5th Place #202

Cape Coral, FL 33904

OCEAN ISLE RUBICAN II

Features & Amenities

Interior Features

LivingDiningRoomPantryShowerOnlySeparateShowerCableTvWalkInClosetsSplitBedrooms

Exterior Features

ShuttersElectric

Property Details

Flooring

VinylTile

Construction

Block Concrete Stucco

Parking

GuestCoveredCarportAssigned

Heating

Electric (Heating)Central

Cooling

Central AirElectricCeiling Fan(s)

Appliances

DryerDishwasherFreezerDisposalMicrowaveRefrigeratorSelfCleaningOvenWasher

Questions & Answers

This 2-bedroom, 2-bathroom condo at 4550 SE 5th Place is listed at $245,000 ($240/sqft). The estimated monthly payment is $1,310 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1989, 2 stories, Waterfront. Interior Features: LivingDiningRoom, Pantry, ShowerOnly. Exterior Features: ShuttersElectric.

This property is listed by Ashley Clark.

AC

Ashley Clark

License 258027194

Agent at John R Wood Properties - University Dr

Listed by John R Wood Properties - University Dr · Broker phone: 239-333-2411 · View on Broker Site

MLS# 2026024466· Source: Florida Gulf Coast Multiple Listing Service, Inc.· 147 days on PropertySimple

Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

4550 SE 5th Place #202, Cape Coral, FL 33904

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