3 Bed 2 Bath SingleFamilyResidence for Sale in CAPE CORAL, FL
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SoldMLS# 2026005395

$285,000

3 Bed 2 Bath SingleFamilyResidence for Sale in CAPE CORAL, FL

720 SW 8th Terrace, Cape Coral, FL, 33991

3 beds2 baths1,402 sqft2 garage

About this home

Move in ready 3-bedroom, 2-bath home offering an open floor plan with updated finishes. Granite countertops, ceiling fans, and a functional layout with comfortable bedrooms and bathrooms. Private backyard with mature landscaping and easy access to shopping, dining, and major roads. Easy to show.

Property details

Type
SingleFamilyResidence
Year built
1987
Interior
1,402 sqft
Lot size
10,018.8 sqft
Acreage
0.23 acres
Garage
2 car
Days on market
94
Total association fees
None
CDD
None
Est. taxes (1.4%)
$3,990/yr
Flood zone (area est.)
No · Low risk (X)
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
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.

Below marketThis home is priced below comparable recent sales — a potential value.
This home
$203/sqft
Comp median
$237/sqft
Difference
-14%

Based on the $/sqft of 3 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.

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Your notes on this home

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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.

AddressSoldSold priceBeds/BathsSq ft$/sqft
505 SW 9th AvenueFeb 2026$297,0003/21,255$237
801 SW 10th PlaceJul 2026$297,0003/21,205$246
814 SW 10th PlaceJun 2026$252,5003/21,232$205
Average3 comps$282,167$229

Market trends — Cape Coral

Median list
$399,999
Median $/sqft
$234
Median sold (90d)
$384,900
Avg days on market
93
Active listings
2,525
Median sold price · Cape Coral
$382,000last 3 months7% vs $356,900 prior 3 months
Median closed price by month · Cape Coral
2.6% MoM11.3% YoY
$340k$368k$395kJul ’25Jul ’26
$395,000Jul ’26 · 314 sales

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 $15,000 (5%) from the original list price.

Jun 17, 2026Sold$285,000
Apr 2, 2026Price reducedfrom $290,000$285,000
Jan 30, 2026Listed$300,000

The good, the trade-offs & the location

Pros
  • Lower flood risk (zone X)
  • 2-car garage
Consider
  • Built 1987 — pre-2002 construction may carry older wind codes and higher insurance
Location convenienceHigh
Hospital
2.8 mi
Cape Coral Hospital
Beach
13 mi
Fort Myers Beach
Airport
8.6 mi
Page Field (Fort Myers)
Shopping
3.2 mi
Coralwood / Merchants Crossing (Cape)

Straight-line distances to major SWFL amenities — approximate; actual drive times vary.

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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.