$145,000
2 Bed 1 Bath SingleFamilyResidence for Sale in PONDELLA HEIGHTS, FL
1196 Pine Lake Drive, Cape Coral, FL, 33909
About this home
Unbeatable value in Cape Coral! This solid block construction 2-bed, 1-bath home is the best-priced property on the market and carries tremendous upside for anyone looking for a project with strong potential. Located in an area with no flood zone, low property taxes, and no HOA, this home provides affordability and long-term security. Inside and out, the home features fresh new paint, plus a newer roof, giving you a strong head start on improvements. Whether you’re an investor, flipper, or buyer wanting a starter home you can customize over time, this is a rare opportunity at this price point. This will not last long!
Property details
- Type
- SingleFamilyResidence
- Year built
- 1960
- Interior
- 1,007 sqft
- Lot size
- 7,405.2 sqft
- Acreage
- 0.17 acres
- Garage
- None
- Days on market
- 25
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $2,030/yr
- Flood zone (area est.)
- No · Low risk (X)
- Storm protection
- None listed
- Exposure
- East
- Waterfront
- No
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Well
- Sewer
- Septic Tank
- New construction
- No
- Pets
- Call, Conditional
- 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 11 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 |
|---|---|---|---|---|---|
| 1100 Pondella Road 416 | Feb 2026 | $110,000 | 2/2 | 962 | $114 |
| 1100 Pondella Road 611 | Jan 2026 | $120,000 | 2/2 | 995 | $121 |
| 950 Hancock Creek South Boulevard 124 | Jun 2026 | $150,000 | 2/2 | 978 | $153 |
| 1100 Pondella Road 803 | Sep 2025 | $125,000 | 2/2 | 884 | $141 |
| 1040 Hancock Creek South Boulevard 101 | Jun 2026 | $142,500 | 2/2 | 1,199 | $119 |
| 1075 Hancock Creek South Boulevard 103 | Sep 2025 | $135,000 | 2/2 | 1,199 | $113 |
| Average | 6 comps | $130,417 | $127 |
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 $19,000 (12.8%) from the original list price.
| Jan 21, 2026 | Sold | $130,000 |
| Jan 5, 2026 | Price reducedfrom $149,000 | $145,000 |
| Dec 12, 2025 | Listed | $149,000 |
The good, the trade-offs & the location
- Lower flood risk (zone X)
- Built 1960 — pre-2002 construction may carry older wind codes and higher insurance
- 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.