2 Bed Waterfront Home for Sale in Cape Coral
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For SaleMLS# 2025013578

$185,000

2 Bed Waterfront Home for Sale in Cape Coral

707 SW 3rd Court 103, Cape Coral, FL, 33991

2 beds2 baths1,154 sqft
GatedBoatingCommunity PoolWaterfront

About this home

Wake up to peaceful sunrise views over Lake Kennedy in this beautifully updated two-story condo located in the heart of SW Cape Coral. Tucked into a quiet, non-flood zone neighborhood and just minutes from Sun Splash Family Waterpark and local conveniences, this 2-bedroom, 2-bath home offers the perfect blend of comfort, style, and waterfront living. The main entry opens to a private, fenced courtyard, leading into a freshly painted interior with tile as well as low VOC/Greenguard-certified flooring and a fully renovated kitchen featuring modern finishes and quality appliances. The first floor includes a guest bedroom, full bath, kitchen, dining area, and a spacious great room that opens to a screened lanai overlooking the lake—perfect for morning coffee or evening relaxation. Upstairs, a large loft-style primary bedroom with a full bathroom and private balcony offers versatile space and gorgeous lake views. Recent upgrades include metal accordian hurricane shutters, a high-efficiency A/C system with a new motor and UV light for optimal air quality, and a reliable water heater that ensures consistent performance. Additional enhancements include upgraded electrical outlets and a dedicated fiber internet line for lightning-fast connectivity. Just steps from a large community pool and nestled in a well-maintained neighborhood, this condo is ideal as a year-round home, seasonal retreat, or investment opportunity. Enjoy the best of Cape Coral living with comfort, efficiency, and unbeatable views.

Property details

Type
Condominium
Year built
1986
Interior
1,154 sqft
Lot size
4,613.004 sqft
Acreage
0.11 acres
Garage
None
Days on market
259
Total association fees
$5,700/yr (~$475/mo)
CDD
None
Est. taxes (1.4%)
$2,590/yr
Flood zone (area est.)
No · Low risk (X)
Storm protection
Shutters
Exposure
East
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

AssociationManagementIrrigationWaterMaintenanceGroundsPestControl

What the association dues cover, per the MLS. Confirm the full schedule with the HOA.

Amenities

PoolBoatSlipSeeRemarksManagement

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.

At marketThis home is priced in line with comparable recent sales.
This home
$160/sqft
Comp median
$158/sqft
Difference
+1%

Based on the $/sqft of 13 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.

AddressSoldSold priceBeds/BathsSq ft$/sqft
1412 SW 4th PlaceDec 2025$200,0002/11,095$183
1213 SW 8th PlaceMay 2026$220,0003/21,275$173
306 SE 18th TerraceOct 2025$185,0003/21,229$151
1407 SW 16th Terrace 201Mar 2026$160,0003/21,186$135
1103 SE 8th Terrace Unit DMay 2026$160,0002/2968$165
711 SE 12th Avenue 135Mar 2026$155,0002/2982$158
Average6 comps$180,000$161

Market trends, Cape Coral

Median list
$399,000
Median $/sqft
$232
Median sold (90d)
$385,000
Avg days on market
94
Active listings
2,481
Median sold price · Cape Coral
$385,000last 3 months7.2% vs $359,000 prior 3 months
Median closed price by month · Cape Coral
1.3% MoM8.4% YoY
$340k$365k$390kJul ’25Aug ’26
$384,750Aug ’26 · 413 sales

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 $34,000 (15.5%) from the original list price.

May 21, 2026Price reducedfrom $189,000$185,000
Oct 7, 2025Listed$219,000

The good, the trade-offs & the location

Pros
  • Lower flood risk (zone X)
  • Waterfront
  • Storm protection: Shutters
Consider
  • Built 1986 — pre-2002 construction may carry older wind codes and higher insurance
  • No garage listed
Location convenienceHigh
Hospital
2.3 mi
Cape Coral Hospital
Beach
13.1 mi
Fort Myers Beach
Airport
8.2 mi
Page Field (Fort Myers)
Shopping
2.7 mi
Coralwood / Merchants Crossing (Cape)

Straight-line distances to major SWFL amenities, approximate; actual drive times vary.

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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.