Island Cove Of Cape Coral
Condos for Sale in Cape Coral, FL

Island Cove Of Cape Coral market snapshot (as of September 20, 2026): the median sale price is about $280K ($225 per sq ft over the trailing 12 months of closed sales), and a median 86 days on market for closed sales. The trailing-12-month median is down 7% from the prior 12 months, computed from record-level Florida Gulf Coast MLS closed sales (22 closings in the current window).

In ZIP 33990 (Cape Coral), 270 homes closed in the last 12 months at a median of $359K ($198/sq ft), up 2.8% year over year, with a median 66 days on market. Right now 88 active and 24 pending listings put supply at about 4.8 months — a buyer's market. See the live ZIP 33990 housing market and the Lee County market.

Florida Gulf Coast MLS sales records identify 11 homes in Island Cove Of Cape Coral that have changed hands since 2012, built between 2004 and 2004 (median 2004), with a median living area of about 1,226 sq ft and a typical 2-bedroom, 2-bath layout; 100% are condominiums. Source: Florida Gulf Coast MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

Island Cove sits in Cape Coral, Lee County, with pricing and pace that reflect a steady, unhurried corner of the local market rather than a themed or amenity-driven community.

There's no clubhouse, gate, or shared recreation feature showing up in current listings for Island Cove — MLS data reflects none identified. That means the value story here is the home itself: age, updates, lot, and layout carry the price conversation, not a monthly amenity fee or a shared pool schedule. Buyers comparing this community to others in Cape Coral should factor that into what they're actually paying for.

A median days-on-market of roughly 63.5 signals a market that rewards patience on both sides. It's not a community where homes are getting bid up in days, but it's also not distressed — the modest positive year-over-year movement (2.5%) suggests values are holding, just without momentum behind them. That combination tends to favor buyers willing to do some homework on individual listings rather than assume any home here is a safe default purchase.

With only a handful of closings feeding the current numbers and no amenity package to lean on, pricing here has to be built listing by listing. We pull the actual comps, not just the community median, and walk clients through what's really moving each price point before they commit.

Listings in this community report association dues of about $600 per month ($7,200 a year) — the median AssociationFee across 21 MLS records, normalised to a monthly figure; most are billed quarterly. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-10.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.