$199,900
2 Bed Waterfront Home for Sale in Cape Coral
1010 SW 48th Terrace 102, Cape Coral, FL, 33914
About this home
This stunning 2-bedroom, 2-bath waterfront condo offers the perfect blend of luxury, comfort, and convenience, ideal for those seeking a relaxed coastal lifestyle. Located on intersecting canals with direct Gulf access, this turnkey property is a boater’s dream, providing sailboat access and quick, unobstructed passage to open water. Whether you're cruising at sunset or heading out for a day on the Gulf, the location makes maritime adventures effortlessly accessible. The condo is designed for low-maintenance living, making it an excellent choice for seasonal residents or year-round enjoyment. Inside, the home is move-in ready, featuring a spacious, light-filled interior and a thoughtfully designed floor plan perfect for entertaining or relaxing. Recent upgrades include a newer roof and HVAC unit, ensuring modern comfort and peace of mind. The two generous bedrooms and two full baths offer ample space for guests, while the open living and dining areas enhance the flow of the home. The waterfront views create a serene backdrop to everyday living, enhancing the sense of tranquility. Outside, the condo’s prime location offers more than just water access—it places you minutes from top-rated restaurants, shopping, and entertainment. With fishing and access to a dock just steps from your front door, this condo is a true paradise for water lovers and outdoor enthusiasts alike.
Property details
- Type
- Condominium
- Year built
- 1985
- Interior
- 1,166 sqft
- Lot size
- 3,711.312 sqft
- Acreage
- 0.09 acres
- Garage
- None
- Days on market
- 213
- Total association fees
- $7,920/yr (~$660/mo)
- CDD
- None
- Est. taxes (1.4%)
- $2,799/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- Shutters
- 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 12 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 |
| 1118 SW 48th Terrace 104 | Feb 2026 | $220,000 | 2/2 | 1,200 | $183 |
| 4708 SW 8th Place 103 | Apr 2026 | $175,000 | 2/2 | 1,046 | $167 |
| 4708 SW 8th Place 106 | Dec 2025 | $165,000 | 2/2 | 1,046 | $158 |
| 4727 SW 13th Avenue 203 | Feb 2026 | $231,500 | 2/2 | 1,074 | $216 |
| 4520 Skyline Boulevard 208 | Feb 2026 | $155,000 | 2/2 | 978 | $158 |
| Average | 6 comps | $196,750 | $181 |
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 $50,000 (22.2%) from the original list price.
| Jan 20, 2026 | Sold | $175,000 |
| Nov 21, 2025 | Back on market | |
| Sep 22, 2025 | Price reducedfrom $225,000 | $199,900 |
| May 25, 2025 | Listed | $225,000 |
The good, the trade-offs & the location
- Waterfront
- Storm protection: Shutters
- Built 1985 — 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.