2 Bed Waterfront Home for Sale in Cape Coral
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For SaleMLS# 2026004527

$225,000

2 Bed Waterfront Home for Sale in Cape Coral

3612 SE 12th Avenue 1, Cape Coral, FL, 33904

2 beds2 baths1,486 sqft
BoatingWaterfront

About this home

Price reduction! First floor, Gulf access, larger corner unit at 1486 square foot under air, 2 bed, 2 bath on the Extra wide/200-foot Rubicon canal. Guest bedroom has its own private Garden area from the sliding glass doors. Roof was replaced in 2022, A/C was replaced in 2020, new stainless-steel appliances, Kitchen Cabinets, Remodeled Baths, Fans, lighting. Tile throughout and high-end laminate flooring in Bedrooms. Nothing left to do but relax and watch the Dolphins and boats go by. Note: Tenant in place until June 30, 2026, but says she is flexible to move out if necessary for new owners. Also 2-year ownership before you can rent. This has kept the Complex at 6 owners and 2 rentals. This complex is great if you want to acquire a loan due to the percentage of owners to renters. There are no pets allowed, but tenant has a legal support animal document! Dock space at the Captains Walk/Dock is first come first serve. No boatlifts to date. Water and sewer are included in the association fee. Complex is located in an X 500-year flood zone/no flood insurance required. Unit has Hurricane Shutter protection on all openings. Note: Pictures were taken prior to tenant, as tenants furniture is different, but Remodeled unit is same as brand new.

Property details

Type
Condominium
Year built
1980
Interior
1,486 sqft
Lot size
Not specified
Acreage
Not specified
Garage
None
Days on market
178
Total association fees
$8,400/yr (~$700/mo)
CDD
None
Est. taxes (1.4%)
$3,150/yr
Flood zone (area est.)
No · Low risk (X)
Storm protection
Shutters
Exposure
West
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
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

AssociationManagementLegalAccountingMaintenanceStructurePestControlReserveFundSewerWater

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

Amenities

BoatDockManagement

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.

Below marketThis home is priced below comparable recent sales, a potential value.
This home
$151/sqft
Comp median
$163/sqft
Difference
-7%

Based on the $/sqft of 5 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.

AddressSoldSold priceBeds/BathsSq ft$/sqft
3631 SE 10th Avenue 103Nov 2025$240,0002/21,402$171
3609 SE 10th Avenue 202Apr 2026$235,0002/21,442$163
3722 SE 12th Avenue 1AApr 2026$255,5002/21,294$197
1102 SE 39th Terrace 103Sep 2025$212,5002/21,422$149
1102 SE 39th Terrace 108Nov 2025$200,0002/21,439$139
Average5 comps$228,600$164

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 $18,411 (7.6%) from the original list price.

Jul 29, 2026Price reducedfrom $230,000$225,000
Feb 1, 2026Listed$243,411

The good, the trade-offs & the location

Pros
  • Lower flood risk (zone X)
  • Waterfront
  • Storm protection: Shutters
Consider
  • Built 1980 — pre-2002 construction may carry older wind codes and higher insurance
  • No garage listed
Location convenienceHigh
Hospital
3.4 mi
Cape Coral Hospital
Beach
9.1 mi
Fort Myers Beach
Airport
5.6 mi
Page Field (Fort Myers)
Shopping
4.6 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.