$340,000
2 Bed Waterfront Home for Sale in Cape Coral
4501 SE 1st Avenue, Cape Coral, FL, 33904
About this home
"Have you been waiting on the sidelines for the deal of a lifetime? Look no further! This charming single-family Gulf Access home offers 2 bedrooms, 2 full baths, and a 1-car garage with an attached workshop in the highly desirable SE Cape Coral area. Priced to sell, this property features stunning views of the San Carlos Canal, perfect for boating enthusiasts. Add your personal touches to make this home truly yours! Nestled in a cozy, established neighborhood, this home is close to shopping, some of the best restaurants, and offers easy access to the Cape Coral Bridge. It's also just a short distance from favorite parks and the vibrant Downtown entertainment area. Enjoy relaxing evenings on the screened lanai, and take advantage of the dock with a boat lift. Comes fully equipped with all appliances, including a washer and dryer, plus a brand-new roof installed in 2023. Rest easy knowing the property has no history of flood intrusions from the recent storms. A rare gem waiting for the right buyer—schedule a showing today!"
Property details
- Type
- SingleFamilyResidence
- Year built
- 1972
- Interior
- 1,123 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 1 car
- Days on market
- 187
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $4,760/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- East
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Assessment Paid
- 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 |
|---|---|---|---|---|---|
| 329 SE 47TH Terrace | Jun 2026 | $330,000 | 3/2 | 1,259 | $262 |
| 225 SW 45th Terrace | Aug 2026 | $315,000 | 2/2 | 1,100 | $286 |
| 229 SW 45th Street | Nov 2025 | $300,000 | 3/2 | 1,251 | $240 |
| 150 SW 48th Terrace | Jun 2026 | $319,900 | 2/2 | 1,122 | $285 |
| 3822 Palm Tree Boulevard | Dec 2025 | $299,000 | 2/2 | 1,190 | $251 |
| Average | 5 comps | $312,780 | $265 |
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 $60,000 (16.7%) from the original list price.
| Oct 16, 2025 | Sold | $300,000 |
| Jul 16, 2025 | Price reducedfrom $349,500 | $340,000 |
| Jul 16, 2025 | Back on market | |
| Mar 22, 2025 | Listed | $360,000 |
The good, the trade-offs & the location
- Waterfront
- Built 1972 — 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.