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Cape Coral 33904 Caloosahatchee
5220 Tower Drive
Photo of 5220 Tower Drive
Sold on Aug 17, 2026

17

Map

Photo of 5220 Tower Drive
Photo of 5220 Tower Drive
$400,000
● House - Off Market

5220 Tower Drive

Cape Coral, FL 33904
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,268 Ft²
$2,427
Est. Monthly

About This Property

Fantastic totally renovated 2 bedroom 2 bath 1 car garage sailboat access home in the Yacht Club. This western exposure property boasts nearly 1300sf of living area, large kitchen with quartz countertops and stainless steel appliances, spacious living area, generous sized bedrooms and baths, tile throughout, fenced yard, newer metal roof with solar panels, dock and lift and quick out to the Caloosahatchee River. Great location close to restaurants, shopping, schools, parks and Downtown Cape Coral!!
Unit Size
1,268 Ft²
Days on Market
77 days
Land Size
0.23 acres
Price per sqft
$327
Property Type
House
Property Taxes
$389
HOA Dues
-
Year Built
1963

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 months ago ( #2026024215)

Price History

Date / Event Date Event Price
Aug 17, 2026 Sold
Premium
Sold
Jul 9, 2026 In contract -
In contract
Jun 1, 2026 Listed by RE/MAX Trend $414,900
Listed by RE/MAX Trend
May 31, 2026 No longer available -
No longer available
May 10, 2026 Price Decreased $414,900
↓ $10K (2.4%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1990
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 336
  • Parking Space Count: 1
  • Patio Type: 5
  • Porch Type: 35
  • Pool Type: 0
  • Location Influence Type: 75

    Dimensions

  • Lot Size Square Feet: 10,019
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,865
  • Gross Building Area: 1,865
  • Building Area: 1,433
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,433
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CAPE CORAL
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • State Land Use Code: 001
  • Legal Description 1: CAPE CORAL UNIT 5 BLK 122 PB 11 PG 85 LOTS 16 + 17

Neighborhood

  • School District Name: Lee County School District
  • Census Tract: 010802

Zoning

  • Zoning: R1-W

Geography

  • Assessors Map Reference: 12-13
  • Account Number: 10110953
  • Subdivision Tract Number: C3
  • Parcel: 13-45-23-C3-00122.0160
  • Block: 122
  • Lot: 16,17
  • Meridian: SEC 13 TWN 45S RNG 23E
  • Municipality: CITY OF CAPE CORAL
  • Latitude: 26.5549
  • Longitude: -81.9649

    Address

  • Full Address: 5220 Tower Dr
  • Legal Unit: 5
  • Address - House Number: 5220
  • Address - Street Name: Tower
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Cape Coral
  • Carrier Code: C060
  • 4-Digit Zip Code: 5851
  • Zip Code: 33904

Valuation

    Tax

  • Total Area: 1,454
  • Tax Year: 2023
  • Tax Amount: $424,670
  • Tax Rate Code Area: 057

    Appraisal Valuation

  • Standard Deviation: 0.2099
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 71
  • Final Value: 535,735
  • High Value: 648,203
  • Low Value: 423,267

    Market Valuation

  • Market Total Value: $605,118
  • Market Land Value: $533,341
  • Market Improvement Value: $66,247

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $261,331

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 08, 2020
  • Current Sale Recording Date: Jun 11, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020000132492
  • Previous Sale Recording Date: Jul 01, 2019
  • Previous Sale Contract Date: Jun 28, 2019
  • Previous Sale Amount: $215,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Caloosahatchee

Stats & Trends

Median Asking:

$390,000

Sale Price/ft²

$244

Above Asking

0.70%

Average Days on Market

81

Average Home Size

1677 ft²

Average Home Age

43.3 years

Currently For Sale

434 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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$8,000 /mo

  • 3 Beds
  • 2 Baths
  • 2,510 ft²
11620 Court Of Palms #403, Fort Myers, FL, 33908 Listing by Linda McDonald
Unit for rent at 6448 Griffin Boulevard, Fort Myers, FL, 33908

$10,000 /mo

  • 6 Beds
  • 4 Baths
  • 5,490 ft²
6448 Griffin Boulevard, Fort Myers, FL, 33908 Listing by Joe R Pavich
Unit for rent at 14750 Laguna Drive, Fort Myers, FL, 33908

$6,500 /mo

  • 3 Beds
  • 2 Baths
  • 2,107 ft²
14750 Laguna Drive, Fort Myers, FL, 33908 Listing by Cindy Cyrus

Rentals Near You

Click here to view more rentals in the neighborhood.

Frequently Asked Questions

When was property at 5220 Tower Drive built and last sold?
The property at 5220 Tower Drive was built in 1963 and last sold on Jun 8, 2020 for $335,000.
How much is this home worth?
The estimated value of the home located at 5220 Tower Drive is $396,274.
What are some comparable homes to 5220 Tower Drive?
There are currently no comparable homes to 5220 Tower Drive.
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