$149,400
2 Bed SingleFamilyResidence for Sale in Cape Coral
1510 SE 42nd Street, Cape Coral, FL, 33904
About this home
Investor Special in SE Cape Coral! Great opportunity to add value in one of Cape Coral's most established neighborhoods. This 2-bedroom, 2-bath home features a functional floor plan, attached garage, and offers excellent potential for a fix-and-flip, rental property, or affordable primary residence. The home primarily needs TLC and cosmetic updates, making it an attractive project for investors looking to build equity without taking on a full gut renovation. Major components have already been addressed, including a 2019 roof and 2017 A/C, allowing you to focus your renovation budget where it counts most. Situated on an oversized lot with a spacious backyard, the property is conveniently located just minutes from shopping, dining, parks, medical facilities, and the Cape Coral Bridge, providing easy access to Fort Myers and surrounding areas. Priced to sell and offered AS-IS. Whether you're looking for your next flip, rental investment, or a home to update and make your own, this property offers outstanding value and upside.
Property details
- Type
- SingleFamilyResidence
- Year built
- 1965
- Interior
- 1,041 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 1 car
- Days on market
- 2
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $2,092/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- North
- Waterfront
- No
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Public
- Sewer
- Public Sewer
- New construction
- No
- Pets
- Yes
- County
- Lee
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 6 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 |
|---|---|---|---|---|---|
| 3901 Del Prado Boulevard 202 | Jan 2026 | $137,000 | 2/2 | 870 | $157 |
| 3901 Del Prado Boulevard 203 | Mar 2026 | $132,500 | 2/2 | 870 | $152 |
| 834 SE 46th Street 1C | Jun 2026 | $161,000 | 2/2 | 1,158 | $139 |
| 834 SE 46th Street A1 | Apr 2026 | $150,000 | 2/2 | 1,148 | $131 |
| 1766 Cape Coral Parkway 410 | Feb 2026 | $161,000 | 2/2 | 1,082 | $149 |
| 1766 Cape Coral Parkway 110 | Jan 2026 | $150,000 | 2/2 | 1,082 | $139 |
| Average | 6 comps | $148,583 | $145 |
Market trends, Old Cape Coral (Historic Downtown / SE 47th Terrace)
Live community medians from the MLS · see all listings. Indicative, not an appraisal.
Price & status history
Up $10,600 (7.1%) from the original list price.
| Aug 28, 2026 | Sold | $160,000 |
| Jul 21, 2026 | Listed | $149,400 |
The good, the trade-offs & the location
- Built 1965 — 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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Similar communities
Matched by amenities, price tier, and location to Old Cape Coral (Historic Downtown / SE 47th Terrace).
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.