4015 SE 20th Pl #301The Rivers II · Cape Coral, FL 33904
$320,000

The river is the whole point.

A corner, third-floor end unit directly on the Caloosahatchee, with a glass-enclosed lanai to watch it from and no-bridge Gulf access out front.
2 Bed 2 Bath 1,305 Sq Ft + Lanai Built 1988 Riverfront · SW Sunsets Flood Zone AE
List Price
$320,000
Price / Sq Ft
$245
Condo Fee
$728/mo
Rentals
3/yr · 90-day min
The Home

This condo never lets you forget the river.

From the third-floor corner of The Rivers II, the Caloosahatchee spreads out wide in front of you. You don't have to go find the view. It lives with you.

Boats head for open water while you drink your coffee in the glass-enclosed lanai. By late afternoon the southwest exposure takes over and the sunset lands right on your windows. Inside, 1,305 square feet under air are laid out the practical way. The split bedroom plan gives overnight guests their own end of the home, the kitchen keeps granite counters and a full stainless appliance package, and the primary suite offers a walk-in closet plus a tiled walk-in shower. Laundry stays inside the residence. The 80 square foot lanai counts as true year-round living space because it is glassed in, not screened.

Storm worry is largely handled, too. Impact resistant windows and doors were permitted in 2021, so there are no shutters to hang and nothing to climb a ladder for. Close the door in May and fly north. One condo payment covers building insurance, water, sewer, trash, lawn care, and exterior pest control while you are away.

Boaters should pay attention to one detail that few Cape Coral condos at this price can offer. Gulf access from here is direct, with no bridges, across wide water listed at more than 200 feet. Mast height never becomes a question. Boat docks and mooring slips are available by separate purchase, and the heated community pool sits at the river's edge. Corner river units do not surface often in this building. This one is vacant and simple to see.

Picture It Furnished

The unit is vacant. Here's what it could look like lived in.

These five images are virtually staged artistic renderings, not actual photographs of the property. The furniture in them does not exist in the unit and does not convey. They are here for one reason: an empty 40-foot room is hard to picture, and these show how the space actually lives, a sitting area at the water, dining by the kitchen, and bedrooms that hold real furniture with room to spare.

Artistic Rendering, Not a PhotographVirtually staged artistic rendering of the main living area, view one. Not an actual photograph.
Artistic Rendering, Not a PhotographVirtually staged artistic rendering of the main living area, view two. Not an actual photograph.
Artistic Rendering, Not a PhotographVirtually staged artistic rendering of the primary bedroom. Not an actual photograph.
Artistic Rendering, Not a PhotographVirtually staged artistic rendering of the guest bedroom. Not an actual photograph.
Artistic Rendering, Not a PhotographVirtually staged artistic rendering of the glass-enclosed lanai. Not an actual photograph.
Video

The full video tour.

Filmed at the home. Turn the sound on.

Floor Plan

1,305 square feet, and every one of them faces the water it can.

Great room down the middle, bedrooms split to opposite ends, the lanai across the river side. Measured by floor plan service; room dimensions below are from the listing.

Floor plan of unit 301 with room dimensions
Living Room
20 × 13
Kitchen
16 × 13
Dining
11 × 13
Primary Bedroom
14 × 13
Bedroom 2
11 × 12
Glass Lanai
6 × 13
Utility Room
9 × 7
Parking
1 assigned, under bldg

Download the Floor Plan (PDF)

The Details

What you're actually buying, listed plainly.

No mystery here. The unit, the building, the boating, and the rules, with the ages and dates that matter. The pre-listing inspection in the documents section covers the rest.

The unit
  • Corner, end-unit position on the third floor of four. Extra windows, more light, longer views than any interior unit.
  • Split bedroom plan with the primary suite on the river end: walk-in closet and a tiled walk-in shower with grab bars.
  • Granite counters, glass-front cabinets, and a full stainless appliance package in the kitchen.
  • Glass-enclosed 80 sq ft lanai, real year-round space with river views.
  • Laundry inside the residence.
  • Impact resistant windows and doors throughout, permitted 2021. No shutters to manage.
  • One assigned parking space under the building, plus extra storage.
The building & the boating
  • The Rivers II: 46 units, reinforced concrete, four stories, common elevator, trash chute.
  • Directly on the Caloosahatchee with a heated community pool on the river's edge and a bbq and picnic area.
  • Community boat dock; boat docks and mooring slips available by separate purchase.
  • Direct Gulf access with no bridges, on wide water listed at 200+ feet. Unrestricted mast height.
  • Sidewalks and a bike and jog path, with Jaycee Park next door in the middle of its $18M+ city renovation.
How boat slips work here.

Any owner at The Rivers can buy or rent a slip in the basin. There is no waiting list and no availability list kept at the association. Slips change hands the old-fashioned way: owners post them on the bulletin boards in the buildings, or you hear about one by word of mouth. Ask us and we will ask around before you write your offer.

The basin itself is run by its own association, The Rivers Boat Basin Property Owners Association, Inc., managed by American Condominium Management. For slip questions, basin documents, or fees:

American Condominium Management
4223 Del Prado Blvd S, Cape Coral, FL 33904
Mailing: P.O. Box 100399, Cape Coral, FL 33910
239-542-4404

Appliance & equipment ages, from the sellers
  • Microwave: 2023. Dishwasher, washer, dryer: 2013. Refrigerator: 2010. Range: 2004.
  • Water heater: 2015. Air conditioner: 2006 air handler (the sellers' pre-listing inspection flagged it for service; see the report below and ask us for the current status).
  • Roof, exterior, and grounds are maintained by the association.
  • We publish these ages on purpose. You should know what you are buying before you write, not after.
The rules that matter
  • Rentals: up to 3 leases per year, 90-day minimum. A clean fit for seasonal income; nightly rental is not permitted.
  • Pets: not allowed per the association rules. Ask us about service and support animals.
  • All ages welcome. This is not a 55+ community.
  • Buyer application with the association: $125 fee.
  • Professionally managed. Full declaration, rules, budget, and minutes are in the documents section.
The Real Monthly Numbers

What it actually costs to own it.

Most listings make you guess. These are the sellers' actual figures plus a payment estimate you can adjust. Your own taxes, insurance, and loan terms will differ, so treat the total as an illustration, not a quote.

Estimate your payment

$—
principal & interest

Illustrative only. Rates and programs vary by lender and borrower. This is not a loan offer or a quote.

The rest of the monthly picture

Condo fee building insurance, water, sewer, trash, lawn, exterior pest, legal, irrigation$728
Property taxes sellers' 2025 bill, $2,417 with homestead$201
Unit insurance (HO-6) + flood sellers' actual, contents & interior$204
Electric sellers' recent average, unit vacant$35
Water, sewer & trash included in the condo fee$0
Lawn & exterior maintenance included in the condo fee$0
Ownership costs before the loan$1,168

One-time $125 association application fee at purchase. No CDD on this property, and no special assessment on the current listing.

Sources: the sellers' own cost worksheet, the 2025 Lee County tax bill (hosted below), and the MLS listing. Florida reassesses property taxes on sale, and the sellers' homestead exemption does not transfer, so your tax bill will differ. Electric reflects a vacant unit; expect more when someone lives here.

The $728, Explained

What the condo fee buys, next to what a house makes you buy.

$728 a month looks like a number until you price the same life at a single-family house. Then it starts looking like the quiet bargain of this listing. Here is the honest comparison.

Living here, one payment covers

Insurance on the building itself, wind and flood both carried by the association; a copy of the flood policy is in the documents sectionIncluded
Water, sewer & trashIncluded
Lawn, landscaping & irrigationIncluded
Exterior pest controlIncluded
Heated riverfront pool, community boat dock, elevator & common areasIncluded
Building maintenance, reserves, legal & professional managementIncluded
One check, every month$728

Still on you: electric (the sellers average $35 with the unit vacant), internet, and an HO-6 policy for what's inside the unit (the sellers pay about $204 a month for theirs, flood contents included).

Owning a house instead

Homeowners insurance Lee County average, Florida OIR, March 2025$303/mo
Flood insurance in Zone AE Florida NFIP average for a house; a lender requires it~$96/mo
Full-service lawn care what it actually runs our sellers in Lee County~$180/mo
Exterior pest service~$40/mo
Water & sewer typical Cape Coral single-family city bill, our estimate~$100/mo
Trash rides on the Lee County tax bill, not a separate checkOn the tax bill
Roof sinking fund setting aside for a $15,000 to $25,000 shingle roof every 15 to 20 years~$110/mo
Exterior paint, driveway & every repair no reserve fund unless you build oneYours alone
The same life, before repairs~$829/mo

That is about $100 a month more than the condo fee, and none of it buys a heated pool on the river, a dock to walk out on, or someone else worrying about the building in storm season.

Read it plainly: you are not paying $728 on top of the usual costs of homeownership. You are paying $728 instead of most of them. Price the same list honestly at a house, with the roof fund included, and it comes to roughly $829 a month. That is more than the condo fee itself, before a single repair, and in Southwest Florida the building insurance line alone is the one that surprises people. Here, the biggest insurance risk belongs to the association, not to you.

Sources: the condo fee and its inclusions are from the MLS listing and the association budget (hosted in the documents section). House figures: Florida Office of Insurance Regulation county premium averages (March 2025), FEMA NFIP Florida averages, and actual service bills paid by our own Lee County sellers. The water-sewer figure and the roof sinking fund are our estimates, with the assumptions stated on the line; in Lee County, residential trash collection is billed as an assessment on the property tax bill. Illustrative comparison; individual costs vary with the property, the carrier, and the year.

Insurance & Flood, Answered Early

What it costs to insure, and what FEMA says.

Insurance kills more Southwest Florida deals than price does, usually three days before closing. Here is the honest picture on day one instead. On a condo it is a better story than most buyers expect.

AE
FEMA flood zone AE · base flood elevation 9 ft
High-risk coastal floodplain, so a lender requires flood coverage. Two things matter here: unit 301 sits on the third floor, well above the base flood elevation, and the flood policy on the building itself is the association's, carried through the condo fee. A copy of the association's flood policy is in the documents section.

Source: FEMA National Flood Hazard Layer, looked up for this address and baked into this page. Zone AE per FEMA, matching the seller's flood disclosure. Under FEMA's Risk Rating 2.0 the zone alone no longer sets a flood premium; elevation and the building itself do.

Estimate the unit policy (HO-6)

$—

An estimate, not a quote. We are real estate agents, not insurance agents, and no carrier is named or implied. Sources: Florida OIR county premium averages (March 2025) and FEMA NFIP data.

Want a real number from a real person?

We'll introduce you to one of the insurance professionals our clients already use. They'll know the building, the zone, and the third-floor story before you ever pick up the phone. We are not paid for the introduction, and you are free to use anyone you like.

Preferred Lender

Buying this home starts with knowing your numbers.

Cary Meyers, Guild Mortgage

Cary Meyers

Guild Mortgage · Southwest Florida

Cary is a local Southwest Florida mortgage professional who helps buyers get pre-approved fast and understand exactly what a home like this one actually costs each month. No surprises, and no pressure. Reach out anytime for a personalized rate quote or to start your pre-approval today.

(616) 915-2366 · cmeyers@guildmortgage.net

Apply now with Cary Meyers at Guild Mortgage

Click to get pre-approved or start your application.

Cary Meyers NMLS #584519 · Guild Mortgage NMLS #3274 · Equal Housing Opportunity. You are welcome to finance this purchase with any lender you choose.

The Rivers · Jaycee Park

A front yard the city is spending $18 million on.

The Rivers sits at the quiet end of SE 20th Place, where the sidewalks run straight to Jaycee Park. The park is in the middle of a city transformation planned at more than 18 million dollars, with a riverfront boardwalk and bandshell taking shape a short stroll from the lobby. Very few addresses get an upgrade like that next door without paying for it.

Day to day it is the water that runs the schedule here. The heated pool sits right on the seawall, boat traffic parades past all morning, and the southwest exposure means the evening ends in color. Restaurants and shopping along Del Prado and Cape Coral Parkway are minutes away, and the Yacht Club corridor's redevelopment is just up the river.

Building
46 units · 4 stories
Elevator
Common
Elementary
Cape Elementary
Middle / High
School Choice
Leases Allowed
3/yr · 90-day min
Pets
Not allowed
HOAAssociation Documents, IndexedDeclaration, rules, budgets · one PDF Q&ACondo Q&A SheetThe association's official answers
Do Your Homework Here

Every document, before you even ask.

Serious buyers want the paperwork early. It's all here, including a pre-listing inspection the seller ordered on her own unit and the full condo document set. Read everything, then come see it in person.

Lee County Property Appraiser Record Open in Apple Maps Open in Google Maps
See It In Person

Schedule a showing.

Martin and Kim Hawley
Martin & Kim Hawley, REALTORS®
The Hawley Team at KW Florida Living · Keller Williams Realty
Martin (239) 355-4040 · Kim (239) 420-9027 · martin@teamhawley.com
The Hawley Team at KW Florida Living

The unit is vacant and easy to show, usually same day. Call or text and we'll set a time, and we'll queue the sunset for you if you book the late showing. Working with your own agent already? Have them reach out and we'll take care of the rest.

Ready?

Make an offer.

When this one sells, it will sell to somebody who read this page top to bottom, watched the river video twice, and moved before the weekend was over. Here is exactly how to do that, with no mystery in the process.

  1. Use the Florida AS-IS Residential Contract. Your agent will know it; if you don't have an agent, contact us and we'll walk you through your options.
  2. Attach your mortgage preapproval letter, or proof of funds if you're paying cash.
  3. Include the signed disclosures from the documents section above: the Seller's Property Disclosure, the Flood Disclosure, and the Condo Rider.
  4. Email the package to martin.hawley@kw.com. We confirm receipt of every offer, and we present every offer.
Start Your Offer Email Questions First? Call Martin
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Listing photo, full screen
Virtually staged artistic rendering, not an actual photograph