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The Cove at 47th

Cape Coral's Premier Mixed-Use Destination

870 SE 47th Terrace, Cape Coral, FL 33904

The Cove at 47th is a $103 million luxury mixed-use community located in the heart of Cape Coral's South Cape entertainment district. Developed by Flaherty & Collins Properties, the development officially opened its doors in September 2024 and is now fully operational — welcoming residents, diners, and visitors alike. It has quickly established itself as a landmark destination for downtown Cape Coral, offering a vibrant place to live, dine, and gather.

First Public Parking Garage

On October 3, 2025, Cape Coral celebrated the ribbon-cutting of its first public parking garage, a two-story, 125-space facility delivered through a partnership between the South Cape Community Redevelopment Agency (CRA) and Flaherty & Collins Properties. Parking is available to the public with one free hour, followed by $2 for the second hour and $1 for each additional hour (up to $20 daily maximum); special event parking is $15.

Luxury Apartment Living

The Cove at 47th offers 292 upscale apartment homes — studios, one-bedroom, and two-bedroom floor plans with high-end finishes. Residents enjoy a full suite of resort-style amenities:

Fitness & Wellness

State-of-the-art fitness center with virtual classes
Private yoga room

Outdoor Spaces

Heated resort-style pool with lap lanes and beach entry
Rooftop Sky Terrace with panoramic sunset views
Courtyards with grilling stations and lounge areas
Bark Park for dogs

Work & Community

Private offices and co-working spaces
High-speed Wi-Fi in common areas
Community lounge

Pet-Friendly Features

Pet spa and washing station
Dedicated pet play areas

In-Unit Features

Stainless steel appliances and quartz countertops
Premium wood-style vinyl flooring and LED lighting
In-unit washer and dryer
ORI Cloud Bed in select studio units
Electric vehicle charging stations

Dining & Retail — All Open

The Cove at 47th includes approximately 19,000 square feet of ground-floor retail, restaurant, and commercial space — all now fully tenanted and operational.

Oak & Stone — A casual gourmet tavern featuring a self-pour tap wall with nearly 50 rotating craft options, indoor and outdoor bars, a social courtyard, and private dining. Menu highlights include artisan pizzas, Philly cheesesteak egg rolls, wings, and weekend brunch.
Seed & Bean Market — Florida's first cannabis café and CBD marketplace, now open at its largest-ever location: 2,800 sq. ft. with 128 indoor seats and up to 70 outdoor patio seats. Serving breakfast, lunch, and dinner — the only full-day dining tenant at The Cove — along with craft CBD drinks, cannabis-infused menu items, and a grab-and-go counter.
Big Nick's BBQ — Now open. This fast-casual BBQ favorite serves smoked meats, tacos, and salads with beer and wine, open Monday–Saturday from 11 a.m. to 10 p.m. (or sold out).
Aqua Seafood, Steaks & Raw Bar — Now open. A premier fine-dining concept founded 15 years ago in Naples, Aqua brings an elevated culinary experience to Cape Coral with a 554-seat layout, a $3 million buildout, Cape Coral's only rooftop Sky Bar, a 50-seat bar, private dining room, live entertainment, and a curated wine program. Lunch is served from 11:30 a.m. to 4:00 p.m., with happy hour daily from 4:00–7:00 p.m. and dinner service nightly.

Development Team

Website: coveat47th.com