$378,800
2 Bed 2 Bath Pool Waterfront SingleFamilyResidence for Sale in CAPE CORAL, FL
1840 NE 23rd Terrace, Cape Coral, FL, 33909
About this home
Originally and Now a 3 Bedroom design, this home showcases a large, versatile den currently serving as a third bedroom, complete with an oversized armoire providing excellent closet space included in sale. Do not pass up this home, it is loaded with updates and amenities. Enjoy affordable waterfront living in Cape Coral on a wide freshwater intersecting canal, offering beautiful long water views and an uncommon level of backyard privacy. Situated on an oversized canal basin, the property provides a peaceful setting with expansive water vistas rather than the typical narrow canal view, creating a more open and enjoyable outdoor environment. All portable float docks for your kayak, jets or boat expeierence. The home features vaulted ceilings and a comfortable open layout connecting the Great Room, Dining and Eating Nook areas, giving the space an airy feel and allowing natural light to flow throughout. The kitchen has been updated with quartile countertops, double sink, recent updates of quality appliances, providing a clean, modern workspace with good cabinet storage and practical everyday functionality. The living area is open to views of pool and water along with lanai used also as family room with tv and entertainment area for expanded living sq ft and usage. The primary suite offers a private retreat with an updated bathroom and walk-in shower, while the split bedroom layout provides separation and flexibility for family or guests. The second bedroom comfortably accommodates a queen bed, and the (Non Conforming) 3RD BEDROOM/OFFICE" or den that could be a bedroom includes a large amour for closet storage" now used as third bedroom, with convenient access to a full bath. A screened entry and tile flooring add to the home’s easy-care Florida lifestyle. Sliding doors open to the covered lanai, south/east exposure, with heated pool, where accordion storm shutters provide protection while allowing you to enjoy the view of the wide freshwater canal and quiet backyard setting. The lot’s positioning on the intersecting canal offers a sense of space and privacy that is hard to find among many canal homes. Important practical updates add value and peace of mind, including impact glass windows, impact front door, slider door areas protected with accordion shutters, an HVAC system approximately four years old, and a roof approximately five years old. Additional features include a recently updated water heater, irrigation well and pump system, seawall with marine-style steps to two portable docks, newly stamped driveway, and built-in cabinetry and storage in the garage. For buyers seeking solid waterfront value, easy access to Del Prado Blvd N.or Kismet with comfortable living space, with a scenic freshwater canal setting without the high price tag, this property represents an excellent opportunity to enjoy the Cape Coral lifestyle while staying within an affordable budget. Home is currently scheduled for (UEP) North 1 East Improvement Area.
Property details
- Type
- SingleFamilyResidence
- Year built
- 1999
- Interior
- 1,516 sqft
- Lot size
- 24,428.448 sqft
- Acreage
- 0.56 acres
- Garage
- 2 car
- Days on market
- 11
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $5,303/yr
- Flood zone (area est.)
- No · Low risk (X)
- Storm protection
- Impact Windows/Doors
- Exposure
- East
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- Yes
- Spa
- No
- Natural gas
- No
- Water
- Assessment Unpaid
- Sewer
- Assessment Unpaid
- 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 15 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 |
|---|---|---|---|---|---|
| 2006 NE 24th Terrace | Mar 2026 | $335,000 | 3/2 | 1,357 | $247 |
| 2030 NE 25th Terrace | Dec 2025 | $290,000 | 3/2 | 1,672 | $173 |
| 2111 NE 17th Avenue | Dec 2025 | $320,000 | 3/2 | 1,362 | $235 |
| 2222 NE 22nd Avenue | May 2026 | $350,000 | 3/2 | 1,558 | $225 |
| 2002 NE 18th Avenue | Mar 2026 | $355,000 | 3/2 | 1,431 | $248 |
| 1922 NE 17th Avenue | Apr 2026 | $350,000 | 3/2 | 1,387 | $252 |
| Average | 6 comps | $333,333 | $230 |
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 $37,000 (9.1%) from the original list price.
| May 14, 2026 | Sold | $369,000 |
| Mar 25, 2026 | Price reducedfrom $406,000 | $378,800 |
| Mar 20, 2026 | Listed | $406,000 |
The good, the trade-offs & the location
- Lower flood risk (zone X)
- Private pool
- Waterfront
- Storm protection: Impact Windows/Doors
- 2-car garage
- Built 1999 — pre-2002 construction may carry older wind codes and higher insurance
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.