Burnt Store Canal Prices Hit $498,000, Outpace Cape Coral Average by 8%

Homes in the Burnt Store Isles section of Cape Coral recorded a median sale price of $498,000 during the April through June period, up 14 percent from the $437,000 figure posted one year earlier.

National market jitters tied to overseas developments have pushed some Florida buyers toward established waterfront pockets that offer direct Gulf access and lower flood insurance exposure than newer inland subdivisions. Cape Coral’s canal system already carries 400 miles of maintained waterways, giving Burnt Store Isles a ready edge for boat owners who want to reach open water without long idle times.

Properties along Burnt Store Road sit minutes from the Cape Coral Yacht Club at 5819 Driftwood Parkway, where members launch from a 500-slip marina, and from the city’s Canal Maintenance Program office on Coronado Parkway that schedules annual dredging crews. Residents also use the nearby Four Mile Cove Ecological Preserve boat ramp for quick afternoon runs.

Recent Sales and Inventory Shifts

Lee County Property Appraiser records released July 8 show 47 waterfront closings in Burnt Store Isles between January and June, compared with 39 in the first half of 2025. Average days on market fell to 28 from 41. The Cape Coral Community Redevelopment Agency reports that three canal-adjacent lots on 21st Street Northwest sold above asking in May after receiving multiple offers within 10 days.

Buyers scouting the area should contact the Cape Coral Association of Realtors at its monthly open-house circuit starting July 18 at the Yacht Club and should review the latest canal-depth survey posted on the city website before making offers. Listings under contract this week include two 3-bedroom homes on 19th Terrace Northwest priced at $525,000 and $539,000.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.