$175,000
2 Bed SingleFamilyResidence for Sale in Cape Coral
238 SE 46th Lane, Cape Coral, FL, 33904
About this home
INVESTOR ALERT! Rare opportunity to purchase and make this home your own. Drywall has already been removed to start and remodeling. Cash only due to evident damage. Roof is 2019. Don't miss this incredible opportunity close to dining, shopping and entertainment. Great location!
Property details
- Type
- SingleFamilyResidence
- Year built
- 1965
- Interior
- 1,260 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 1 car
- Days on market
- 4
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $2,450/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- South
- Waterfront
- No
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Public
- Sewer
- Public Sewer
- New construction
- No
- Pets
- Yes
- County
- Lee
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.
Based on the $/sqft of 5 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.
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Recently sold nearby
Closed comparable sales within ~1 mile in the last 12 months, similar price, size, beds/baths, and age.
| Address | Sold | Sold price | Beds/Baths | Sq ft | $/sqft |
|---|---|---|---|---|---|
| 632 Victoria Drive 103 | Feb 2026 | $193,000 | 2/2 | 1,165 | $166 |
| 834 SE 46th Street A1 | Apr 2026 | $150,000 | 2/2 | 1,148 | $131 |
| 834 SE 46th Street 1C | Jun 2026 | $161,000 | 2/2 | 1,158 | $139 |
| 920 SE 46th Street 6 | Nov 2025 | $197,000 | 2/2 | 1,101 | $179 |
| 920 SE 46th Street 1 | Jun 2026 | $179,000 | 2/2 | 1,101 | $163 |
| Average | 5 comps | $176,000 | $156 |
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 $10,000 (5.7%) from the original list price.
| Sep 15, 2025 | Sold | $165,000 |
| Aug 12, 2025 | Listed | $175,000 |
The good, the trade-offs & the location
- Built 1965 — pre-2002 construction may carry older wind codes and higher insurance
- In a higher-risk flood zone (AE) — flood insurance likely required
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.