Island Cove Of Cape Coral
Condos for Sale in Cape Coral, FL
All 526 homes for sale in Cape Coral, FL · median $315,000 · 273 condos for sale in Cape Coral · 196 homes for sale in 33990 · Lee County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Florida Gulf Coast MLS
As of November 2026, Island Cove Of Cape Coral in Cape Coral, FL has 5 homes for sale and 1 pending, asking from $285,000 to $375,000 (median $349,800). Over the 12 months ending 2026-11-11, 7 recorded sales closed at a median of $261,000, $210 per square foot, a median 130 days on market, sellers accepting 89% of original asking. Homes listed or recently sold were built 2004–2004; 3 of 6 report an HOA (median $600/mo); 5 of the 6 geocoded homes sit in a FEMA special flood hazard zone (median elevation 6 ft). At the median price and Lee County's FY2025-26 rate of 15.97 mills, annual property tax runs about $4,170 ($3,500 with the full homestead exemption).
Last 30 days in Island Cove Of Cape Coral: 2 new listings (median asking $337,400), 1 under contract right now. As of November 13, 2026, Listing information provided by the Florida Gulf Coast Multiple Listing Service, Inc. Information is deemed reliable but not guaranteed by the MLS to be accurate.
Homes For Sale Right Now in Island Cove Of Cape Coral
Live MLS inventory for Island Cove Of Cape Coral. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active · 92 daysTop listing
Active · 94 days
Active · 1 days
Active · 0 days
Active · 54 daysActive and pending Island Cove Of Cape Coral listings as of 2026-11-13, priced high to low. Listing information provided by the Florida Gulf Coast Multiple Listing Service, Inc. Information is deemed reliable but not guaranteed by the MLS to be accurate. Tap any home to ask about it.
Island Cove of Cape Coral is pricing around $309,950 at the median, with price per square foot near $231.20 — a number that puts the weight of value on condition and layout rather than any shared amenity package, since none is coming through current MLS listings. With a market heat score of 30, this is not a community trading on urgency; homes are sitting a median of just over 63 days before going under contract, which gives buyers room to compare rather than rush.
Year-over-year pricing is up a modest 2.5%, essentially flat movement rather than a run. With only 16 closings in the recent window, the sample is thin enough that a single well-priced or dated listing can swing the median in either direction. Sellers should price to the comp set they're actually competing against, not the headline number, and buyers should expect negotiating room given the slower absorption pace.
Figures in this note are as of July 29, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Island Cove Of Cape Coral right now
🟢 Buyer-leaning market. 8.6 months of supply and 17% of the inventory already under contract give buyers above-average negotiating leverage.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of Florida Gulf Coast MLS records, as of November 11, 2026. Confidence: Medium (6 active and pending listings, 7 closed sales in 12 months).
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· Updated November 14, 2026 · Live data: Florida Gulf Coast MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Island Cove Of Cape Coral market snapshot (as of November 11, 2026): the median sale price is about $261K ($210 per sq ft over the trailing 12 months of closed sales), a median 130 days on market for closed sales, and 8.6 months of supply, a buyer-leaning market.
In ZIP 33990 (Cape Coral), 18 homes closed in the last 12 months at a median of $261K ($210/sq ft), with a median 72 days on market. Right now 11 active and 1 pending listings put supply at about 7.3 months — a soft market. See the live ZIP 33990 housing market and the Lee County market.
Florida Gulf Coast MLS sales records identify 12 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 1,330 sq ft and a typical 3-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.
The setting & the homes.
Aerial and on-site photos of Island Cove Of Cape Coral. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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Island Cove Of Cape CoralPhotos from Florida Gulf Coast MLS listings in Island Cove Of Cape Coral; content deemed reliable but not guaranteed.
Who Island Cove Of Cape Coral is best for.
Best for
- Buyers prioritizing home condition and price over community amenities
- Buyers with flexible timelines who can wait through a median 63-day market window
- Buyers comfortable evaluating each listing independently given the limited closing sample
Probably not for
- Buyers who want a gated or amenity-rich community as a non-negotiable
- Buyers expecting fast, competitive-offer conditions given the low market heat score
- Buyers who want a large, active comp set to benchmark pricing against
Island Cove Of Cape Coral on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from Florida Gulf Coast MLS. Map data © OpenStreetMap contributors.
The Island Cove Of Cape Coral buying strategy.
If we were buying in Island Cove Of Cape Coral today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Use your leverage. With inventory sitting, there is room to negotiate on anything dated or overpriced and to ask for repairs or a rate buydown.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Island Cove Of Cape Coral.
What's Actually Driving Price Here
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.
The location and the amenities are priced into every listing in Island Cove Of Cape Coral. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
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.
Island Cove Of Cape Coral in 15 seconds.
Tools for a Island Cove Of Cape Coral buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Island Cove Of Cape Coral sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Island Cove Of Cape Coral, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Island Cove Of Cape Coral home worth?
Get a no-obligation home value based on real comparable sales in Island Cove Of Cape Coral, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Recently off market in Island Cove Of Cape Coral
Homes in Island Cove Of Cape Coral that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 6 on record.
- 1781 Four Mile Cove Pkwy 123 · off market
- 1781 Four Mile Cove Pkwy 145 · off market
- 1789 Four Mile Cove Pkwy 514 · off market
- 1791 Four Mile Cove Pkwy 625 · off market
- 1793 Four Mile Cove Pkwy 723 · off market
- 1793 Four Mile Cove Pkwy 724 · off market
| Location | Cape Coral, Lee County, FL · ZIP 33990 |
|---|---|
| Home types (current listings and sales) | condos 100% |
| Sale prices, last 12 months | $261,000 median across 7 closed sales · $210 per sq ft |
| Days on market (closed sales) | 130 median |
| For sale right now | 5 active, 1 pending · median asking $349,800 · 8.6 months of supply |
Data as of November 11, 2026. Listing information provided by the Florida Gulf Coast Multiple Listing Service, Inc. Information is deemed reliable but not guaranteed by the MLS to be accurate. Market figures describe homes, not residents. Cite as: Momentum Realty, “Island Cove Of Cape Coral key facts,” movewithmomentum.com/neighborhoods/island-cove-of-cape-coral, data as of November 11, 2026.
Just listed in Island Cove Of Cape Coral
The newest homes for sale in Island Cove Of Cape Coral right now, newest first. Each link opens the full listing with every photo, the price history and a tour request.
- 1781 Four Mile Cove Pkwy 143 $325,000 · 2 bd · 2 ba · 1,226 sq ft · new today Courtesy of Florida Future Realty Inc
- 1785 Four Mile Cove Pkwy 332 $349,800 · 3 bd · 2 ba · 1,330 sq ft · listed Nov 13, 2026 Courtesy of Florida 2000 Inc
- 1787 Four Mile Cove Pkwy 434 $285,000 · 2 bd · 2 ba · 1,226 sq ft · listed Sep 21, 2026 Courtesy of Realty One Group MVP
- 1781 Four Mile Cove Pkwy 131 $375,000 · 3 bd · 2 ba · 1,395 sq ft · listed Aug 14, 2026 Courtesy of LPT Realty, LLC
- 1789 Four Mile Cove Pkwy 545 $369,900 · 3 bd · 2 ba · 1,330 sq ft · listed Aug 12, 2026 Courtesy of Lee County Realty, Inc.
Checked against the MLS nightly. All new listings in this market.
Every Home for Sale in Island Cove Of Cape Coral Right Now (6)
All 6 active and pending Island Cove Of Cape Coral listings with a detail page, newest first, refreshed twice a day from the MLS.
- 1781 Four Mile Cove Pkwy 143 · $325,000 · 2 bd / 2 ba · listed Nov 12, 2026 · listed by Florida Future Realty Inc
- 1785 Four Mile Cove Pkwy 332 · $349,800 · 3 bd / 2 ba · listed Oct 22, 2026 · listed by Florida 2000 Inc
- 1785 Four Mile Cove Pkwy 322 · $300,000 · 3 bd / 2 ba · pending · listed Oct 13, 2026 · listed by Coldwell Banker Realty
- 1787 Four Mile Cove Pkwy 434 · $285,000 · 2 bd / 2 ba · listed Sep 13, 2026 · listed by Realty One Group MVP
- 1789 Four Mile Cove Pkwy 545 · $369,900 · 3 bd / 2 ba · listed Sep 4, 2026 · listed by Lee County Realty, Inc.
- 1781 Four Mile Cove Pkwy 131 · $375,000 · 3 bd / 2 ba · listed Aug 15, 2026 · listed by LPT Realty, LLC
More Cape Coral home searches
- All homes for sale in Cape Coral, FL
- Homes for sale in Lee County, FL
- Gated communities in Cape Coral
- 4-bedroom homes for sale in Cape Coral
- Cape Coral home values: what is my house worth?
- ZIP 33990 housing scorecard
Cape Coral guides & data
Florida buyer guides
- Florida home insurance rates by county
- Florida property tax by county
- Florida property tax calculator
- What flood zone X means
- The 4-point inspection, explained
- Florida flood insurance calculator
- Florida housing market map
- Interactive housing market map (county, ZIP and community)
- Save Our Homes tax estimator
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- Florida documentary stamp tax, explained
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What it really costs to own in Island Cove Of Cape Coral
The parts of the monthly number a mortgage calculator leaves out, from the tax roll, the MLS, Citizens and FEMA. Property facts only.
| Property tax | Current owners' bills run a median of $4,495/yr across 12 listings here (MLS tax records, 2026-11-14). |
|---|---|
| HOA dues | Median $600/month across 3 MLS listings (most billed quarterly; 2026-11-14). Dues cover what the documents say they cover; ask for the budget and reserve study. |
| Home and flood insurance | The average Citizens Property Insurance premium in Lee County is $2,197/yr (6,508 policies, Citizens detail by county, April 2026); private-market quotes depend on roof age, wind mitigation and construction. |
| Roof and age | Median build year 2004 across 12 listings. An original roof here would be about 22 years old; under Florida's 2022 reform (SB 2-D) carriers may require an inspection past 15 years, so budget for a roof report, and for replacement where it fails. |
Estimated carrying cost at the median asking price, before the mortgage: about $1,158/month (tax $375, HOA $600, insurance $183). An estimate from the sources above, not a quote.
Email me new listings in Island Cove Of Cape Coral
One e-mail a day, only when a home lists here, with price, beds, baths and a link to every listing. Straight from the MLS feed; no account needed.
Ask an agent about Island Cove Of Cape Coral Condos for Sale
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Island Cove Of Cape Coral Condos for Sale will answer, and the answer is published on this page for the next buyer.
16% of homes for sale in ZIP 33990 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-11-14).
Frequently Asked Questions
What is the median home price in Island Cove Of Cape Coral?
How long do homes in Island Cove Of Cape Coral take to sell?
Is Island Cove Of Cape Coral a buyer's or seller's market right now?
Who is the best real estate agent for Island Cove Of Cape Coral?
How do I find a top Cape Coral real estate agent who knows Island Cove Of Cape Coral?
Can Momentum Realty connect me with an agent for Island Cove Of Cape Coral?
Where is Island Cove Of Cape Coral, and what county is it in?
Is Island Cove Of Cape Coral a good place to live?
Should you buy in Island Cove Of Cape Coral?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | Florida Gulf Coast MLS, refreshed twice daily (last: November 13, 2026) |
| Community market stats | Florida Gulf Coast MLS closed sales, 12-month windows ending November 11, 2026 |
| Under-contract shares | Florida Gulf Coast MLS records, as of 2026-11-11 |
| Historical depth | Closed-sale records back to 2026 (7 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Florida Gulf Coast MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
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See how Island Cove Of Cape Coral fits the bigger picture — live prices, inventory, and Momentum Scores: