3 Bed SingleFamilyResidence for Sale in Cape Coral
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For SaleMLS# 2026018509

$250,000

3 Bed SingleFamilyResidence for Sale in Cape Coral

4217 NW 32nd Terrace, Cape Coral, FL, 33993

3 beds2 baths1,918 sqft2 garage
Gated

About this home

Unfinished new construction opportunity being sold as-is in the growing NW Cape Coral area, offering 1,918 sq ft of living area with a 3-bedroom plus den, 2-bath, 2-car garage layout. Buyer will need to complete remaining construction and permitting requirements. Designed with a spacious great room floor plan, this home features a coffered ceiling in the main living area along with additional tray ceiling details and crown molding in multiple other rooms, creating a strong architectural foundation for a modern finished product. Kitchen is equipped with shaker-style cabinetry and quartz countertops already installed. Dining area includes a matching built-in buffet with wine storage. Primary suite offers walk-in closets and a bathroom layout designed for dual vanities, a soaking tub, and a walk-around shower. Den includes a closet and can function as a fourth bedroom. Guest bathroom provides convenient access to the large covered lanai, allowing it to function as a future pool bath. Tile flooring runs throughout, and impact-rated doors and windows are already installed. Garage door is in place, and a large laundry room includes a utility sink. Exterior features include a spacious under-truss lanai with paver decking and space designated for an outdoor kitchen, along with a paver driveway. Septic system and drain field have been installed, with remaining items to be completed. Located in NW Cape Coral with convenient access to Burnt Store Rd and Punta Gorda, the property is positioned near ongoing development in the Seven Islands area and future recreational amenities. Nearby parks, shopping, dining, and everyday services are all within a reasonable drive. Agents, please read confidential remarks.

Property details

Type
SingleFamilyResidence
Year built
2024
Interior
1,918 sqft
Lot size
10,018.8 sqft
Acreage
0.23 acres
Garage
2 car
Days on market
69
Total association fees
None
CDD
None
Est. taxes (1.4%)
$3,500/yr
Flood zone (area est.)
Yes · High risk (AE)
Storm protection
Impact Windows/Doors
Exposure
North
Waterfront
No
Gulf access
No
Gulf access type
N/A
Pool
No
Spa
No
Natural gas
No
Water
Well
Sewer
Septic Tank
New construction
Yes
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
$130/sqft
Comp median
$149/sqft
Difference
-13%

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.

AddressSoldSold priceBeds/BathsSq ft$/sqft
4230 NW 33rd StreetJan 2026$240,0004/21,718$140
4322 NW 32nd TerraceSep 2025$311,0003/22,081$149
2830 NW 41st PlaceOct 2025$307,0004/22,027$151
Average3 comps$286,000$147

Market trends, Cape Coral

Median list
$399,900
Median $/sqft
$234
Median sold (90d)
$389,900
Avg days on market
95
Active listings
2,507
Median sold price · Cape Coral
$389,400last 3 months9% vs $357,250 prior 3 months
Median closed price by month · Cape Coral
8.4% MoM19.7% YoY
$340k$383k$425kJul ’25Aug ’26
$425,000Aug ’26 · 153 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 $20,000 (7.4%) from the original list price.

Jun 30, 2026Price reducedfrom $260,000$250,000
Apr 22, 2026Listed$270,000

The good, the trade-offs & the location

Pros
  • Built 2024 — post-2002 Florida wind codes (typically lower insurance)
  • New construction
  • Storm protection: Impact Windows/Doors
  • 2-car garage
Consider
  • In a higher-risk flood zone (AE) — flood insurance likely required
Location convenienceHigh
Hospital
9 mi
Cape Coral Hospital
Beach
19 mi
Sanibel Island
Airport
14.9 mi
Punta Gorda Airport
Shopping
8.6 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.