$214,900
2 Bed Waterfront Home for Sale in Cape Coral
1418 SE 23rd Terrace, Cape Coral, FL, 33990
About this home
Affordable, waterfront, and conveniently located close to everything. Rare to find all three in SE Cape Coral at this price point. 2 bedroom, 2 bathroom, 2 car garage home offering 1,378 square feet of comfortable living space with tile throughout on a corner lot in centrally located SE Cape Coral. Backing up to a freshwater lake with a private, serene backyard setting, this home delivers a waterfront at one of the most attractive price points available anywhere in South Cape Coral . Whether you are a first-time buyer, a growing family, a seasonal owner, or an investor looking to add a solid Cape Coral property to your portfolio, this one checks every box. Step inside to an open concept kitchen with generous counter space and windows overlooking the private backyard and water view, a bright and welcoming layout that makes everyday living easy and effortless. Tile flooring runs throughout the entire home with no carpet anywhere, keeping the interior clean, low maintenance, and move-in ready. The covered screened patio off the back of the home creates a comfortable outdoor living space ideal for morning coffee, evening relaxing, and casual entertaining year-round. The southern rear exposure is a meaningful advantage that buyers will appreciate immediately. Maximum daytime sunlight in the backyard all day long makes this the ideal orientation for a future pool addition, afternoon barbecues, sunbathing, and strong resale value when the time comes. The corner lot adds additional outdoor space, natural light, and privacy that interior lots simply cannot match. Location - Location - Location! Centrally situated in SE Cape Coral with easy access to Veterans Parkway and both Cape Coral bridges, commuting to Fort Myers and throughout Cape Coral is completely effortless in every direction. Coral Woods Plaza is just minutes away, home to a movie theater, Starbucks, Chipotle, gyms, and a wide variety of shopping, dining, and everyday conveniences. Places of worship, schools, and additional retail and dining options are all within a short drive.
Property details
- Type
- SingleFamilyResidence
- Year built
- 1978
- Interior
- 1,378 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 2 car
- Days on market
- 0
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $3,009/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
- Public
- Sewer
- Public Sewer
- New construction
- No
- Pets
- Yes
- County
- Lee
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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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 |
|---|---|---|---|---|---|
| 1431 SE 25th Terrace | Mar 2026 | $241,800 | 3/2 | 1,405 | $172 |
| 1223 SE 25th Terrace | Aug 2025 | $226,497 | 3/2 | 1,431 | $158 |
| 1621 SE 21st Terrace | Nov 2025 | $230,000 | 2/2 | 1,332 | $173 |
| Average | 3 comps | $232,766 | $168 |
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
- 2-car garage
- Built 1978 — pre-2002 construction may carry older wind codes and higher insurance
- In a higher-risk flood zone (AE) — flood insurance likely required
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.