$450,000

516 SE 5th Place Cape Coral, FL 33990

Hancock Neighborhood

Estimated payment $3,109/month

Total Views 265
6 Beds
4 Baths
2,380 Sq Ft
$189 Price per Sq Ft

Highlights

  • Tile Flooring
  • Central Heating and Cooling System
  • Rectangular Lot
  • Cape Elementary School Rated A-
  • Ceiling Fan

About This Home

Here is your chance to purchase one of the more sought after Duplex floor plans. Each side has a rare, 2 car garage, 3 beds 2 baths and a spacious screened in lanai on the West side of the property so your tenants can watch the beautiful Southwest Florida sunsets over Lake Saratoga.
A new roof in 2023. Inside the comfortably air conditioned units you will also find all major kitchen appliances and a clothes washer and dryer. This property has been very well maintained and is in outstanding condition as it has been occupied by the owners family for the past 10 years. City water and sewer utilities have been installed and paid for. It is located in a very convenient arear of Cape Coral Florida, nestled between the beautiful Cultural Park to the East, and lake Saratoga immediately to the West.
Start running your advertising because these units are ready to generate some capitol! Or, live in one side while the rent from the other side pays most of your mortgage.

Listing Agent

Gary Barton

Premiere Plus Realty Company License #258025263 Listed on: 07/16/2025

Premiere Plus Realty Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,390

Year Built

  • Built in 2005

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 125 x 80 x 80 x 125
  • Rectangular Lot

Home Design

  • Duplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,380 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Hung Windows

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 100 / 1137
  • Assessor Parcel Number 13-44-23-C3-01137.1000

Community Details

Overview

  • 2 Units
  • Cape Coral Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,390

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.23
  • Lot Size: 125 x 80 x 80 x 125
  • Subdivision Name: CAPE CORAL
  • Architectural Style: Ranch, One Story
  • Building Stories: 1
  • Structure Type: Duplex
  • Year Built: 2005
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Stories: 1

Interior Features

  • Number Of Buildings: 1
  • Private Spa: No
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Flooring: Laminate, Tile
  • Window Features: Double Hung

Exterior Features

  • Lot Features: Rectangular Lot
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Exterior Features: None
  • Property Condition: Resale
  • Roof: Shingle

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Assessment Paid
  • Utilities: Cable Available
  • Water Source: Assessment Paid

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Amenities: Other, See Remarks
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 13-44-23-C3-01137.1000
  • Zoning Description: R3-D

Rental Info

  • Tenant Pays: See Remarks

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 7390.11
  • Tax Block: 1137
  • Tax Lot: 100
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,390 $322,784 -- --
2023 $7,016 $293,440 $0 $0
2022 $6,538 $266,764 $0 $0
2021 $6,055 $242,780 $25,000 $217,780
2020 $5,577 $220,466 $25,000 $195,466
2019 $5,463 $216,427 $23,000 $193,427
2018 $5,236 $204,290 $24,000 $180,290
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2025 07/16/25 For Sale $450,000 +134.4% $189 / Sq Ft
05/14/2014 05/14/14 Sold $192,000 -12.3% --
04/14/2014 04/14/14 Pending -- -- --
03/13/2014 03/13/14 For Sale $219,000 -- --
Source: Florida Gulf Coast Multiple Listing Service

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $110,000 Rels Title
Trustee Deed -- None Available
Warranty Deed $340,000 Agent Title Services Llc
Warranty Deed $22,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $126,200 New Conventional
Closed $100,006 Commercial
Closed $30,000 Credit Line Revolving
Closed $100,107 Commercial
Closed $91,700 Commercial
Closed $88,000 Commercial
Previous Owner $306,000 Commercial
Source: Public Records

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Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 2025000119

Florida Gulf Coast Multiple Listing Service

APN: 13-44-23-C3-01137.1000

Florida Lee County Cape Coral 33990 Hancock

516 SE 5th Place, Cape Coral, FL

This home is located at 516 SE 5th Place, Cape Coral, FL 33990 and is currently priced at $450,000, approximately $189 per square foot. This property was built in 2005. 516 SE 5th Place is a home located in Lee County with nearby schools including Caloosa Elementary School, Hancock Creek Elementary School, and Tropic Isles Elementary School.

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Listing Agent
Gary Barton
Section Image
Premiere Plus Realty Company
(239) 603-0767