$280,000
2 Bed Waterfront Home for Sale in Cape Coral
902 SW 48th Terrace 103, Cape Coral, FL, 33914
About this home
Welcome to this extremely well maintained, waterfront community featuring only 10 units per building, offering a quiet and close-knit association. This desirable FIRST-FLOOR 2-bedroom, 2-bath residence is move-in ready and sold TURN-KEY. The unit has been thoughtfully upgraded throughout, including a renovated kitchen with new granite countertops, new cabinetry with additional storage, and new Frigidaire appliances. Additional improvements include 5-inch baseboards, vinyl flooring throughout, fresh interior paint, replaced interior doors, upgraded closet systems, new bathroom vanities with mirrors, new toilets, new blinds, new ceiling fans, a new water heater, and a new AC system with warranty. Electric hurricane shutters provide added convenience and peace of mind. Enjoy tranquil water views from your living space which is perfect for morning coffee or evening wine all while watching boats pass by. Boat owners will appreciate the community dock available exclusively to residents. Community amenities include a waterfront pool, spa, gazebo, and grilling area. All exterior maintenance is handled by the association. No rentals are permitted, ensuring a stable and owner-occupied environment. Small pets are welcome. This is Florida living at its best—schedule your showing today! Flood insurance is included in the HOA monthly dues.
Property details
- Type
- Condominium
- Year built
- 1987
- Interior
- 1,162 sqft
- Lot size
- 6,534 sqft
- Acreage
- 0.15 acres
- Garage
- None
- Days on market
- 81
- Total association fees
- $6,600/yr (~$550/mo)
- CDD
- None
- Est. taxes (1.4%)
- $3,920/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 6 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 |
|---|---|---|---|---|---|
| 902 SW 48th Terrace 104 | Sep 2025 | $260,000 | 2/2 | 1,162 | $224 |
| 912 SW 48th Terrace 110 | Apr 2026 | $320,000 | 2/2 | 1,162 | $275 |
| 4608 SW 13th Avenue | Jun 2026 | $255,000 | 3/2 | 1,262 | $202 |
| 900 SW 54th Lane | Oct 2025 | $275,000 | 2/2 | 1,332 | $206 |
| 4136 SW 9th Place | Apr 2026 | $274,900 | 3/2 | 1,277 | $215 |
| 229 SW 45th Street | Nov 2025 | $300,000 | 3/2 | 1,251 | $240 |
| Average | 6 comps | $280,817 | $227 |
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.
The good, the trade-offs & the location
- Waterfront
- Built 1987 — 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.