$315,000
2 Bed Waterfront Home for Sale in Cape Coral
225 SW 45th Terrace, Cape Coral, FL, 33914
About this home
LOWEST PRICED GULF ACCESS HOME IN CAPE CORAL. This is the one you’ve been waiting for — Gulf access at a price that actually makes sense. Yes, it needs some work. But for the right buyer, that’s exactly the point. Bring your vision, put in the sweat equity, and you’ll have a waterfront home worth significantly more than what you paid for it. The bones are solid. A covered lanai out back overlooks the canal. The yard is nicely landscaped with room to add a pool. SW Cape Coral location. Top-rated schools nearby. All city utilities are in and paid. Full-time home, winter escape, or rental investment this property works for all three.
Property details
- Type
- SingleFamilyResidence
- Year built
- 1970
- Interior
- 1,100 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 2 car
- Days on market
- 76
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $4,410/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- North
- Waterfront
- Yes
- 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.
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.
| Address | Sold | Sold price | Beds/Baths | Sq ft | $/sqft |
|---|---|---|---|---|---|
| 150 SW 48th Terrace | Jun 2026 | $319,900 | 2/2 | 1,122 | $285 |
| 4501 SE 1st Avenue | Oct 2025 | $300,000 | 2/2 | 1,123 | $267 |
| 329 SE 47TH Terrace | Jun 2026 | $330,000 | 3/2 | 1,259 | $262 |
| 238 SE 46th Lane | Feb 2026 | $270,000 | 3/2 | 1,260 | $214 |
| Average | 4 comps | $304,975 | $257 |
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 $34,900 (10%) from the original list price.
| Aug 7, 2026 | Sold | $315,000 |
| Jun 19, 2026 | Price reducedfrom $332,000 | $315,000 |
| Apr 23, 2026 | Listed | $349,900 |
The good, the trade-offs & the location
- Waterfront
- 2-car garage
- Built 1970 — 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.