Cape Coral mansion known as the ‘Crown Jewel’ sells for over $4M

If you have ever been down Armada Court in Cape Coral, one of the first things you notice is the 18,000 square foot mansion known as the “Crown Jewel.”

The house was built around 2003 by the father of Realmark Realty broker Ted Stout.

“This is one of the first multi-million dollar house sales ever built in Cape Coral and after that Cape Coral sort of took off,” Stout said.

We toured the house back in 2013, but as of Friday the mansion is under repair following the just over $4-million dollar sale of the home.

MORE: Cape Coral mansion heading to the auction block

“If you look at the history of Cape Coral, the highest sale is $6 million, this sale. The second highest sale is this house, $5.3 (million). Then the next sale after that’s this sale again.”

The house is three stories high, has a garage that fits seven cars, inside has six bedrooms, as well as an elevator.

But beyond its amazing size, the multi-million dollar home sale is beneficial for everyone in Cape Coral.