$229,500
2 Bed Waterfront Home for Sale in Cape Coral
1118 SW 48th Terrace 104, Cape Coral, FL, 33914
About this home
LOOK NO FURTHER! This beautiful, low priced GULF ACCESS (No Bridges) condo has everything you could want plus a few extras! Only seasonally used by the owners, this unit is in impeccable shape. Includes QUALITY FURNISHINGS and sold TURNKEY! *FIRST FLOOR convenience, walk right out to the pool (SOUTHERN EXPOSURE keeps sun on the pool deck and warmth all year long), and a view down INTERSECTING CANALS, it's almost to good to be true! *LARGE screened lanai (most condos have a lanai only half this size) with removeable LEXAN tinted sliding doors *Tastefully remodeled unit including: BRAND NEW KITCHEN (Shaker style Cabinets w/ soft close hinges, granite counter tops, and all NEW appliances. BRAND NEW MASTER BATHROOM (Tiled walls w/ waterfall affect, glass shower enclosure, large closet, vanity and sink. *NEW Air Conditioning *IMPACT RESISTANT WINDOWS *Spacious laundry/utility room in the unit with stackable washer/dryer and counter for folding clothes *Tons of natural light throughout the unit *The building is like a TANK, completely CONCRETE including floor between 1st and second levels (which also helps reduce any noise and keeps energy costs incredibly LOW - this unit averages $40/month electrical bill, WOW! *Plenty of dock space available to tie up your boat (unrestricted access out to the river). *ADDITIONAL EXTERIOR STORAGE CLOSET included with the condo. Also, a CARPORT to keep your vehicle protected from the elements. Your PET is welcome here (with some exclusions). This condo would also make a WONDERFUL RENTAL generating a nice stream of income. It is a must see and you WON'T BE DISAPPOINTED!
Property details
- Type
- Condominium
- Year built
- 1982
- Interior
- 1,200 sqft
- Lot size
- Not specified
- Acreage
- Not specified
- Garage
- None
- Days on market
- 5
- Total association fees
- $7,440/yr (~$620/mo)
- CDD
- None
- Est. taxes (1.4%)
- $3,213/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- Impact Windows/Doors
- Exposure
- South
- Waterfront
- Yes
- Gulf access
- Yes
- Gulf access type
- Indirect — bridges/locks
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Public
- Sewer
- Public Sewer
- 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 5 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 |
|---|---|---|---|---|---|
| 1010 SW 48th Terrace 103 | Apr 2026 | $234,000 | 2/2 | 1,166 | $201 |
| 4727 SW 13th Avenue 203 | Feb 2026 | $231,500 | 2/2 | 1,074 | $216 |
| 902 SW 48th Terrace 104 | Sep 2025 | $260,000 | 2/2 | 1,162 | $224 |
| 4608 SW 13th Avenue | Jun 2026 | $255,000 | 3/2 | 1,262 | $202 |
| 1427 SW 47th Terrace 102 | Apr 2026 | $230,000 | 3/2 | 1,283 | $179 |
| Average | 5 comps | $242,100 | $204 |
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 $9,900 (4.3%) from the original list price.
| Feb 26, 2026 | Sold | $220,000 |
| Jan 13, 2026 | Price reducedfrom $229,900 | $229,500 |
| Jan 13, 2026 | Listed | $229,900 |
The good, the trade-offs & the location
- Gulf access (Indirect — bridges/locks)
- Storm protection: Impact Windows/Doors
- Built 1982 — 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.