$293,500
3 Bed SingleFamilyResidence for Sale in Cape Coral
2815 NW 26th Terrace, Cape Coral, FL, 33993
About this home
Value-add opportunity on approximately a half-acre double lot in North Cape Coral. Offering more than 2,500 square feet of living space at a compelling entry point, this property gives investors, renovators, and owner-occupants the rare combination of scale, land, and upside. The home needs TLC and ready for improvement, but its established footprint, flexible layout, and distinctive architectural details create a strong canvas for a targeted renovation or long-term hold strategy. As is sale. Natural light is a standout feature, centered around an interior atrium with two skylights, plus additional skylights in the kitchen and guest bath. Two separate living areas and a den provide versatile space for a home office, media room, bonus room, or other value-adding uses, subject to buyer “needs work list” and local requirements. These features offer the kind of character and layout flexibility that can help a well-executed update stand apart from standard new construction. Outside, the expansive lot provides room to reimagine the property with outdoor living, landscaping, storage, recreation, or a future pool concept, subject to permitting and buyer due diligence. Positioned near the growing Burnt Store corridor and within convenient reach of area parks and planned development activity, this is an opportunity to acquire meaningful land and square footage in a changing Cape Coral submarket. Whether your plan is a thoughtful modernization, a straightforward cosmetic refresh, or a longer-term rental play, this property maybe a fixer upper or handyman special in every way, yet still offers the fundamentals investors look for: size, land, flexibility, and room to create value. Double lots like this one get scooped up fast and they don't build them like this again. Don't wait!
Property details
- Type
- SingleFamilyResidence
- Year built
- 1995
- Interior
- 2,573 sqft
- Lot size
- 21,257.28 sqft
- Acreage
- 0.49 acres
- Garage
- 2 car
- Days on market
- 39
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $4,109/yr
- Flood zone (area est.)
- No · Low risk (X)
- Storm protection
- Shutters
- Exposure
- North
- Waterfront
- No
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Assessment Unpaid
- Sewer
- Assessment Unpaid
- 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.
We rate a home against recently SOLD homes within ~1 mile that match on size, beds/baths, and age. This home doesn't have enough close comparables in the last 12 months for a reliable read, ask Rick for a personalized CMA.
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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 |
|---|---|---|---|---|---|
| 3307 NW 21st Street | Feb 2026 | $280,000 | 3/3 | 2,590 | $108 |
| Average | 1 comps | $280,000 | $108 |
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 $25,500 (8%) from the original list price.
| Aug 25, 2026 | Price reducedfrom $319,000 | $293,500 |
| Jul 17, 2026 | Listed | $319,000 |
The good, the trade-offs & the location
- Lower flood risk (zone X)
- Storm protection: Shutters
- 2-car garage
- Built 1995 — pre-2002 construction may carry older wind codes and higher insurance
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.