$395,000
3 Bed SingleFamilyResidence for Sale in Cape Coral
3802 SW 1st Terrace, Cape Coral, FL, 33991
About this home
Investors just drop price and it wont be longer on the market. Beautiful New Construction Home in SW Cape Coral – 3 Bed + Den / 2 Bath / 2-Car Garage Discover modern living in this brand-new 3-bedroom, 2-bathroom home with a dedicated office/den, perfectly situated in the desirable SW Cape Coral area. Surrounded by beautiful homes with Gulf-access canals, this property offers an exceptional location and a welcoming neighborhood feel. Step inside to an open-concept layout featuring excellent finishes, elegant flooring, and a stylish kitchen with quartz countertops, stainless steel appliances, soft-close cabinetry, and a spacious island ideal for gatherings. The home boasts beautifully designed bathrooms, showcasing premium tile work, modern fixtures, and a spa-like ambiance. The primary suite provides a private retreat with a large walk-in closet and a luxurious ensuite bathroom. The additional bedrooms are well-sized and filled with natural light, offering comfort for family or guests. A covered lanai provides the perfect spot for relaxing or entertaining outdoors, with plenty of space to add a future pool. With a 2-car garage, contemporary design, and high-quality construction, this home is truly move-in ready. Located close to shopping, dining, and some of Cape Coral’s most scenic waterways, this property offers the best of Florida living in a rapidly growing and highly desirable neighborhood
Property details
- Type
- SingleFamilyResidence
- Year built
- 2024
- Interior
- 2,009 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 2 car
- Days on market
- 238
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $5,530/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- South
- Waterfront
- No
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Assessment Paid
- Sewer
- Assessment Paid
- New construction
- Yes
- Pets
- Yes
- County
- Lee
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 |
|---|---|---|---|---|---|
| 102 SW 36th Place | Jul 2026 | $470,000 | 4/2 | 1,877 | $250 |
| 3801 SW 3rd Street | Apr 2026 | $395,000 | 3/2 | 1,984 | $199 |
| 3602 SW 2nd Lane | Feb 2026 | $360,000 | 3/2 | 2,131 | $169 |
| 3429 SW 7th Lane | Apr 2026 | $330,000 | 3/2 | 1,976 | $167 |
| 3330 NW 5TH Terrace | Jul 2026 | $439,000 | 3/2 | 2,058 | $213 |
| 3219 SW 7th Lane | Nov 2025 | $440,000 | 3/2 | 1,876 | $235 |
| Average | 6 comps | $405,667 | $206 |
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 $45,000 (10.2%) from the original list price.
| Jul 13, 2026 | Price reducedfrom $415,000 | $395,000 |
| Nov 17, 2025 | Listed | $440,000 |
The good, the trade-offs & the location
- Built 2024 — post-2002 Florida wind codes (typically lower insurance)
- New construction
- 2-car garage
- 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.