3 Bed SingleFamilyResidence for Sale in Cape Coral
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For SaleMLS# 2026034828

$334,900

3 Bed SingleFamilyResidence for Sale in Cape Coral

1224 NW 38th Avenue, Cape Coral, FL, 33993

3 beds2 baths2,258 sqft2 garage
Gated

About this home

ESTATE SALE – NW CAPE CORAL | WEST OF BURNT STORE RD. Great opportunity in desirable Northwest Cape Coral surrounded by beautiful Gulf-access waterfront homes! This spacious home offers over 2,250 sq. ft. of living area with three oversized bedrooms and a desirable split-bedroom floor plan. The generous family room provides plenty of space for everyday living and entertaining, while the island kitchen offers abundant workspace and storage. The primary suite features two walk-in closets and a large bathroom with a separate tub and shower, plus a bidet. There is an indoor laundry room. Outside, enjoy a three-lot, fully FENCED YARD with extra-wide gate openings providing backyard access and room for boat storage. The oversized screened lanai is fully tiled, and the backyard also features an additional patio and storage shed. Major improvements include an A/C system only a few years old and a roof just over five years old. The house is in original condition, needs updating and TLC. Being conveyed in as his condition.

Property details

Type
SingleFamilyResidence
Year built
2003
Interior
2,258 sqft
Lot size
14,984.64 sqft
Acreage
0.34 acres
Garage
2 car
Days on market
0
Total association fees
None
CDD
None
Est. taxes (1.4%)
$4,689/yr
Flood zone (area est.)
Yes · High risk (AE)
Storm protection
None listed
Exposure
West
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
$148/sqft
Comp median
$170/sqft
Difference
-13%

Based on the $/sqft of 12 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
1539 NW 42nd AvenueJul 2026$390,0004/32,381$164
1004 NW 33rd AvenueOct 2025$410,0003/32,398$171
1613 NW 31st PlaceFeb 2026$324,0004/22,242$145
2919 NW 10th StreetMar 2026$378,5004/32,117$179
1133 NW 28th AvenueMar 2026$365,8004/22,169$169
4222 NW 22nd StreetJun 2026$316,0004/32,118$149
Average6 comps$364,050$163

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.

The good, the trade-offs & the location

Pros
  • Built 2003 — post-2002 Florida wind codes (typically lower insurance)
  • 2-car garage
Consider
  • In a higher-risk flood zone (AE) — flood insurance likely required
Location convenienceHigh
Hospital
7.3 mi
Cape Coral Hospital
Beach
16.6 mi
Sanibel Island
Airport
13.2 mi
Page Field (Fort Myers)
Shopping
7.2 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.