Quick answer
Established waterfront community near downtown with canal access. Mix of condos ($350K-$450K) and homes ($500K+); walkable to shops and restaurants.
Neighborhood Guide · 2026
Pelican Bay, Cape Coral
Established waterfront community near downtown with canal access. Mix of condos ($350K-$450K) and homes ($500K+); walkable to shops and restaurants.
Cape Coral Housing Costs — 2026
Median 1BR rent
$1,550/mo
Median 2BR rent
$2,100/mo
Median home price
$485K
Avg utilities
$210/mo
City-wide medians. Pelican Bay rents may vary above or below depending on building vintage and unit type.Full Cape Coral breakdown →
Other Neighborhoods in Cape Coral
Compare Pelican Bay with other popular areas.
Cape Coral Parkway District
Mixed-use corridor with newer restaurants and retail. Higher walkability (50+); median home price $550K-$650K. More urban vibe than rest of Cape Coral.
Del Prado Boulevard
Upscale canal-front properties with direct Gulf access. Median $600K-$750K; boat docks, seawalls, pool homes. Targets affluent retirees and boaters.
Tarpon Point Marina
Master-planned resort community with marina, 18-hole golf, beach club. Median $700K+; HOA $300-$400/month; feels like a private island community.
Southeast Cape Coral
More affordable, inland corridor away from water. Median $400K-$480K; newer construction, strip malls, suburban feel. Popular with families and investors.
Frequently Asked Questions
Is Pelican Bay a good neighborhood in Cape Coral?
Established waterfront community near downtown with canal access. Mix of condos ($350K-$450K) and homes ($500K+); walkable to shops and restaurants.
What is the rent in Pelican Bay, Cape Coral?
Cape Coral citywide median 1BR rent is $1,550/mo. Pelican Bay pricing varies from the city average depending on building age, proximity to transit, and in-unit amenities. Studio units in Cape Coral often run 15–20% below the 1BR median.
What is Pelican Bay in Cape Coral known for?
Established waterfront community near downtown with canal access. Mix of condos ($350K-$450K) and homes ($500K+); walkable to shops and restaurants.
How does Pelican Bay compare to other Cape Coral neighborhoods?
Pelican Bay is one of 5 notable neighborhoods in Cape Coral. Other options include Cape Coral Parkway District, Del Prado Boulevard, Tarpon Point Marina.
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