2 Bed SingleFamilyResidence for Sale in Cape Coral
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For SaleMLS# 2026005879

$238,000

2 Bed SingleFamilyResidence for Sale in Cape Coral

229 SE 46th Lane, Cape Coral, FL, 33904

2 beds2 baths1,662 sqft2 garage
Gated

About this home

Secluded Retreat tucked away in a Well Established PET FRIENDLY neighborhood! Wander through your own personal backyard BUTTERFLY-ZEN GARDEN!! SOLID 2 Bed 2 Bath 2 Car garage home surrounded by Palm Trees, Plumeria, Staghorn, Air Plants and Succulents. Almost 1,700 sq ft living area plus an expansive enclosed Lanai, great for both Bird Watching and Entertaining! Updated LPV Flooring throughout lends itself to all sorts of new Decor and Design ideas. Always best to start Fresh with a Clean and Neutral palate to make any House your HOME. Walking distance or a short Bike Ride over to Cape Coral's latest endeavor, "The Old Golf Club" Revitalization and Transformation project!! A Great place to encounter Native Florida Wildlife in it's Natural Ecosystem! PUBLIC Feedback and Input Scheduled for this SPRING 2026. Replumbed 2019. "Ian" paid a visit but did NOT come inside, garage and patio only. Additional updates include Accordion Shutters on most windows and Roll Down Skeeter Beater Screen for Garage. Centrally located with easy access to Cape Coral Parkway, the Stylish Bimini Basin and Vibrant Entertainment District close by!! Renovate, Remodel and Restore to your hearts content! Relax under the Stars with the "warm" Winter/Summer Breeze in the Palm Trees above. Pina Colada or Margarita and Hammock anyone??

Property details

Type
SingleFamilyResidence
Year built
1977
Interior
1,662 sqft
Lot size
10,018.8 sqft
Acreage
0.23 acres
Garage
2 car
Days on market
204
Total association fees
None
CDD
None
Est. taxes (1.4%)
$3,332/yr
Flood zone (area est.)
Yes · High risk (AE)
Storm protection
Shutters
Exposure
North
Waterfront
No
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
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.

At marketThis home is priced in line with comparable recent sales.
This home
$143/sqft
Comp median
$151/sqft
Difference
-5%

Based on the $/sqft of 4 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.

AddressSoldSold priceBeds/BathsSq ft$/sqft
205 SE 44th TerraceMay 2026$255,0002/21,602$159
5103 Sunnybrook Court 5Oct 2025$215,0002/21,514$142
610 Victoria Drive 101CMar 2026$255,0002/21,504$170
4123 SE 3rd AvenueOct 2025$210,0003/21,655$127
Average4 comps$233,750$150

Market trends, Cape Coral

Median list
$399,000
Median $/sqft
$233
Median sold (90d)
$385,000
Avg days on market
94
Active listings
2,460
Median sold price · Cape Coral
$385,000last 3 months7.2% vs $359,000 prior 3 months
Median closed price by month · Cape Coral
2.6% MoM7% YoY
$340k$365k$390kJul ’25Aug ’26
$380,000Aug ’26 · 444 sales

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 $36,900 (13.4%) from the original list price.

Aug 27, 2026Price reducedfrom $248,000$238,000
Feb 4, 2026Listed$274,900

The good, the trade-offs & the location

Pros
  • Storm protection: Shutters
  • 2-car garage
Consider
  • Built 1977 — pre-2002 construction may carry older wind codes and higher insurance
  • In a higher-risk flood zone (AE) — flood insurance likely required
Location convenienceHigh
Hospital
4.9 mi
Cape Coral Hospital
Beach
7.9 mi
Fort Myers Beach
Airport
6.7 mi
Page Field (Fort Myers)
Shopping
6.1 mi
Coralwood / Merchants Crossing (Cape)

Straight-line distances to major SWFL amenities, approximate; actual drive times vary.

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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.