$155,000
2 Bed Waterfront Home for Sale in Cape Coral
1011 SE 38th Terrace 2213, Cape Coral, FL, 33904
About this home
Welcome to your slice of paradise, This 2-bedroom, 2-bathroom second-floor condo offers breathtaking views of the Rubicon Canal, providing the perfect setting for relaxation and waterfront living. This turn-key condo is move-in ready, including washer and dryer. The open floor plan is filled with natural light, and the private screened balcony is perfect for morning coffee while watching boats cruise by. Kitchen overlooks shared living and dining area, and out onto the balcony. Spacious bedrooms, with walk-in closets leave plenty of room for family or guests. Assigned, covered parking and extra storage space available. Community pool is centrally located, offering peace and privacy. Brand NEW Roof and Carport Enjoy maintenance-free living in SWFL's sought-after lifestyle, with access to a community pool, boat dock, and a vibrant, active community. Conveniently located near shopping, dining, and entertainment, this is an incredible opportunity to own a piece of waterfront paradise at an affordable price! Don’t miss out—schedule your showing today.
Property details
- Type
- Condominium
- Year built
- 1983
- Interior
- 917 sqft
- Lot size
- 8,550.828 sqft
- Acreage
- 0.20 acres
- Garage
- None
- Days on market
- 375
- Total association fees
- $5,820/yr (~$485/mo)
- CDD
- None
- Est. taxes (1.4%)
- $2,170/yr
- Flood zone (area est.)
- No · Low risk (X)
- Storm protection
- Shutters
- Exposure
- Northwest
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Public
- Sewer
- Public Sewer
- New construction
- No
- Pets
- No
- County
- Lee
Total association fees sums the core association dues the MLS feed provides (HOA, condo/master association, and land lease), normalized to a yearly figure. These are separate from and additional to specialty charges, mandatory club or food-and-beverage minimums, special assessments, and rec-lease fees, which the IDX feed does not carry. Always confirm the full fee schedule with the HOA or listing agent.
Maintenance included in the fee
What the association dues cover, per the MLS. Confirm the full schedule with the HOA.
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.
Based on the $/sqft of 4 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.
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Your notes on this home
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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 |
|---|---|---|---|---|---|
| 1005 SE 40th Street 5 | Dec 2025 | $169,900 | 2/2 | 1,111 | $153 |
| 3901 Del Prado Boulevard 203 | Mar 2026 | $132,500 | 2/2 | 870 | $152 |
| 3901 Del Prado Boulevard 202 | Jan 2026 | $137,000 | 2/2 | 870 | $157 |
| 3711 Del Prado Boulevard 2 | Feb 2026 | $176,200 | 2/2 | 998 | $177 |
| Average | 4 comps | $153,900 | $160 |
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 $58,000 (29%) from the original list price.
| Apr 24, 2026 | Sold | $142,000 |
| Mar 21, 2026 | Price reducedfrom $180,000 | $155,000 |
| Mar 15, 2025 | Listed | $200,000 |
The good, the trade-offs & the location
- Lower flood risk (zone X)
- Waterfront
- Storm protection: Shutters
- Built 1983 — 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.