$860,000
10 Bed Waterfront Home for Sale in Cape Coral
425 SW 47th Terrace 5-8, Cape Coral, FL, 33914
About this home
investment Opportunity. Location, Location, Location! ALL CAPE CORAL ASSESSMENTS PAID. GULF ACCES!Discover this exceptional Remodeled quadruplex, ideally located in the sought-after heart of Cape Coral. This Quadraplex has a Newer Roof (2022), Impact Windows and three out of the four units have been totally updated with modern fixtures, flooring, bathrooms and Kitchen. Each unit offers two Bedrooms(2) two(2) full baths, and two Bedrooms(3) two(2) full baths,Washer/Dryer and a beautiful kitchen featuring all new Stainless Steel Appliances, Dishwasher, Fridge/Freezer, Microwave and a Cooktop stove. The fourth unit offers a blank canvas for customization, making this an even more lucrative investment opportunity. Each tenant can enjoy the serene canal views from their own screen in lanai, offering a tranquil atmosphere that enhances the living experience. This is a rare find for investors seeking the most sought after location in Cape Coral, FL plus the significant potential for generating income. Don’t miss out on this gem—schedule your showing today!
Property details
- Type
- Quadruplex
- Year built
- 1983
- Interior
- 4,494 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- None
- Days on market
- 85
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $12,040/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- Impact Windows/Doors
- Exposure
- Not specified
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Assessment Paid
- Sewer
- Assessment Paid
- New construction
- No
- Pets
- Call, Conditional
- County
- Lee
Amenities
Flood risk shown is an area-level estimate and can differ from a specific unit's actual FEMA designation (which varies by structure and elevation). Look up this address on the FEMA Flood Map and verify with a licensed insurance agent before relying on it.
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Market trends, Cape Coral
Median of closed MLS sales each month over the available window. Months with too few sales are omitted; the range extends automatically as more sales close.
Live area medians from the MLS · see all listings. Indicative, not an appraisal.
Price & status history
Down $40,000 (4.4%) from the original list price.
| Sep 2, 2026 | Back on market | |
| Feb 8, 2026 | Price reducedfrom $900,000 | $860,000 |
| Dec 12, 2025 | Listed | $900,000 |
The good, the trade-offs & the location
- Waterfront
- Storm protection: Impact Windows/Doors
- Built 1983 — pre-2002 construction may carry older wind codes and higher insurance
- In a higher-risk flood zone (AE) — flood insurance likely required
- No garage listed
Straight-line distances to major SWFL amenities, approximate; actual drive times vary.
Nearby schools
Get more information on their programs, scores, and extracurriculars on each school's page · browse the full schools directory.
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Listing information is provided in part by the Florida Gulf Coast Multiple Listing Service (MLS) through its Broker Reciprocity / Internet Data Exchange (IDX) program. Properties displayed may be listed by brokerages other than SWFL Relocation Team. Data is deemed reliable but is not guaranteed accurate by the MLS or this brokerage and should be independently verified. Fees, flood zones, taxes, square footage, and school assignments are estimates from the feed and must be confirmed. © 2026 SWFL Relocation Team. All rights reserved.