$279,000
2 Bed Waterfront Home for Sale in Cape Coral
1112 SW 48th Terrace C101, Cape Coral, FL, 33914
About this home
Move right into this fully updated 2 bedroom, 2 bathroom first floor condo in Southern Breeze Condo, perfectly positioned on a direct Gulf access canal with no bridges. Whether you are looking for a seasonal getaway, year round residence, or waterfront investment opportunity, this unit offers the kind of move in ready waterfront lifestyle that is hard to find in Cape Coral today. A top of the line AC system was also installed in 2025, adding comfort and peace of mind for years to come. Unlike many condos, this unit does not share any walls with neighboring units, allowing for extra privacy along with windows on all sides that bring in abundant natural light. Inside, the condo has been tastefully renovated throughout with a bright open feel and beautiful views of both the canal and community pool. Both bedrooms offer spacious layouts with plenty of room to comfortably accommodate guests or full time living. Both bathrooms have been completely updated and showcase decorative tile walk in showers that add a clean coastal look and feel. The updated kitchen features stainless steel appliances, modern cabinetry, tile backsplash, a pantry for additional storage, and plenty of counter space. The unit also includes a convenient inside laundry room. The first floor location offers easy access with no stairs while allowing you to step right outside and enjoy the waterfront setting. Relax on your lanai overlooking the pool and canal or take advantage of the community boat dock with direct Gulf access and no bridges for quick boating access out to open water. Southern Breeze Condo also offers a community pool and a well maintained waterfront setting close to restaurants, shopping, entertainment, and Cape Harbour. Everything has already been updated and completed so you can start enjoying the Florida lifestyle immediately.
Property details
- Type
- Condominium
- Year built
- 1986
- Interior
- 1,160 sqft
- Lot size
- 1,324.224 sqft
- Acreage
- 0.03 acres
- Garage
- None
- Days on market
- 68
- Total association fees
- $10,000/yr (~$833/mo)
- CDD
- None
- Est. taxes (1.4%)
- $3,906/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
- 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
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 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 |
|---|---|---|---|---|---|
| 912 SW 48th Terrace 110 | Apr 2026 | $320,000 | 2/2 | 1,162 | $275 |
| 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 |
| Average | 3 comps | $278,333 | $234 |
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 $47,000 (14.4%) from the original list price.
| Aug 11, 2026 | Price reducedfrom $295,000 | $279,000 |
| Jun 4, 2026 | Listed | $326,000 |
The good, the trade-offs & the location
- Waterfront
- Built 1986 — 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
- Higher association fees (~$10,000/yr)
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.