3 Bed SingleFamilyResidence for Sale in Cape Coral
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For SaleMLS# 2026021884

$235,500

3 Bed SingleFamilyResidence for Sale in Cape Coral

246 SE 7th Street, Cape Coral, FL, 33990

3 beds2 baths1,400 sqft2 garage
Gated

About this home

Great starter home or investment opportunity! Location, location, location! Conveniently located near major roads and Veterans Parkway, with shopping, restaurants, and schools just minutes away. This cozy home features 3 bedrooms, 2 bathrooms, and a large lanai perfect for relaxing or entertaining. Comfortable layout with lots of potential for first-time buyers, families, or investors. Don’t miss this great opportunity in a very convenient location!

Property details

Type
SingleFamilyResidence
Year built
1988
Interior
1,400 sqft
Lot size
10,018.8 sqft
Acreage
0.23 acres
Garage
2 car
Days on market
101
Total association fees
None
CDD
None
Est. taxes (1.4%)
$3,297/yr
Flood zone (area est.)
No · Low risk (X)
Storm protection
None listed
Exposure
East
Waterfront
No
Gulf access
No
Gulf access type
N/A
Pool
No
Spa
No
Natural gas
No
Water
Public
Sewer
Public Sewer
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
$168/sqft
Comp median
$206/sqft
Difference
-18%

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
214 SE 7th StreetJun 2026$245,0003/21,583$155
625 SE 1st PlaceJan 2026$262,5003/21,204$218
919 SE 5th PlaceJul 2026$255,0002/21,238$206
Average3 comps$254,167$193

Market trends, Cape Coral

Median list
$399,000
Median $/sqft
$233
Median sold (90d)
$385,000
Avg days on market
94
Active listings
2,460
Median sold price · Cape Coral
$385,000last 3 months7.2% vs $359,000 prior 3 months
Median closed price by month · Cape Coral
2.6% MoM7% YoY
$340k$365k$390kJul ’25Aug ’26
$380,000Aug ’26 · 444 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 $31,500 (11.8%) from the original list price.

Aug 22, 2026Price reducedfrom $240,000$235,500
May 13, 2026Listed$267,000

The good, the trade-offs & the location

Pros
  • Lower flood risk (zone X)
  • 2-car garage
Consider
  • Built 1988 — pre-2002 construction may carry older wind codes and higher insurance
Location convenienceHigh
Hospital
1.5 mi
Cape Coral Hospital
Beach
12.9 mi
Fort Myers Beach
Airport
7.4 mi
Page Field (Fort Myers)
Shopping
1.9 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.