$279,500
2 Bed Waterfront Home for Sale in Cape Coral
912 SW 48th Terrace 208, Cape Coral, FL, 33914
About this home
Welcome to your dream 2-bedroom, 2-bath condo that has been completely updated in a captivating Gulf access community! Sit outside on your private lanai overlooking the intersecting canals and watch the boats, dolphins and manatees drift by. This stunning second-floor residence boasts an abundance of cabinets and elegant under-cabinet lighting, paired with beautiful granite countertops in the eat-in kitchen—a culinary enthusiast’s paradise. The spacious master bedroom features a large window and French doors leading out to your private lanai, perfect for enjoying tranquil evenings. With split bedrooms for added privacy, a convenient in-residence laundry, and a welcoming foyer, this home is designed for comfort and functionality. You'll also appreciate the walk-in closet, assigned covered parking, included storage closet and ample guest parking. Dive into the community pool and hot tub, grill out at the brand new community grills or take advantage of the boat dock for easy aquatic adventures. Ideally located near restaurants, shopping, and parks, with quick access to major roadways leading to pristine beaches and golf courses, this condo is a true lifestyle gem. Plus, electric storm shutters give you peace of mind. You will be happy with the extremely reasonable HOA costs and complete INSURANCE COSTS OF ONLY $68 per month. Very strong HOA with no increases in the last 3 years. Don’t miss out on this exceptional opportunity! At this price point, a waterfront condo with direct gulf access in Cape Coral is a rare find. See it today!
Property details
- Type
- Condominium
- Year built
- 1988
- Interior
- 1,162 sqft
- Lot size
- 6,730.02 sqft
- Acreage
- 0.15 acres
- Garage
- None
- Days on market
- 265
- Total association fees
- $6,600/yr (~$550/mo)
- CDD
- None
- Est. taxes (1.4%)
- $3,913/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- South
- 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
- Call, Conditional
- 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
What the association dues cover, per the MLS. Confirm the full schedule with the HOA.
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 3 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.
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Your notes on this home
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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 |
|---|---|---|---|---|---|
| 912 SW 48th Terrace 110 | Apr 2026 | $320,000 | 2/2 | 1,162 | $275 |
| 902 SW 48th Terrace 104 | Sep 2025 | $260,000 | 2/2 | 1,162 | $224 |
| 925 SW 47th Terrace 101 | Jul 2026 | $313,000 | 3/2 | 1,224 | $256 |
| Average | 3 comps | $297,667 | $252 |
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 $15,500 (5.3%) from the original list price.
| Aug 10, 2026 | Price reducedfrom $284,500 | $279,500 |
| Dec 1, 2025 | Listed | $295,000 |
The good, the trade-offs & the location
- Waterfront
- Built 1988 — pre-2002 construction may carry older wind codes and higher insurance
- In a higher-risk flood zone (AE) — flood insurance likely required
- No garage listed
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.