3 Bed SingleFamilyResidence for Sale in Cape Coral
1 / 42
For SaleMLS# 2026035831

$250,000

3 Bed SingleFamilyResidence for Sale in Cape Coral

206 SE 46th Terrace, Cape Coral, FL, 33904

3 beds2 baths1,739 sqft2 garage
Gated

About this home

Located in the heart of SE Cape Coral! This 1,739 sq. ft. home offers a comfortable layout, a remodeled kitchen, and a desirable southern-exposure backyard, giving you plenty of Florida sunshine throughout the day. The location is where this home really shines. Enjoy being just minutes from Downtown Cape Coral, with easy access to local restaurants, shopping, entertainment, parks, and waterfront destinations. The Cape Coral Bridge is nearby, making trips into Fort Myers quick and convenient, while some of Cape Coral’s favorite dining and entertainment spots are right around the corner. Whether you're looking for a full-time residence, seasonal Florida getaway, or investment property, this home offers a great combination of location, space, and South Florida lifestyle. Come see the possibilities and enjoy everything this established SE Cape Coral neighborhood has to offer!

Property details

Type
SingleFamilyResidence
Year built
1976
Interior
1,739 sqft
Lot size
10,018.8 sqft
Acreage
0.23 acres
Garage
2 car
Days on market
0
Total association fees
None
CDD
None
Est. taxes (1.4%)
$3,500/yr
Flood zone (area est.)
Yes · High risk (AE)
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
$144/sqft
Comp median
$166/sqft
Difference
-13%

Based on the $/sqft of 8 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.

Seeing several homes? Build a tour and we'll route it for you.

Your notes on this home

Keep private notes on this home, what you love, what to ask about, saved to your account and shared with your agent.

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
205 SE 44th TerraceMay 2026$255,0002/21,602$159
208 SE 43rd TerraceAug 2026$295,0003/21,777$166
4305 SW 1st PlaceApr 2026$275,0003/21,621$170
237 SW 48th TerraceDec 2025$290,0003/21,755$165
4123 SE 3rd AvenueOct 2025$210,0003/21,655$127
238 SW 43rd TerraceJun 2026$310,0003/21,672$185
Average6 comps$272,500$162

Market trends, Cape Coral

Median list
$399,900
Median $/sqft
$233
Median sold (90d)
$385,000
Avg days on market
94
Active listings
2,487
Median sold price · Cape Coral
$385,000last 3 months7.4% vs $358,500 prior 3 months
Median closed price by month · Cape Coral
2.6% MoM7% YoY
$340k$365k$390kJul ’25Aug ’26
$380,000Aug ’26 · 351 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
  • 2-car garage
Consider
  • Built 1976 — pre-2002 construction may carry older wind codes and higher insurance
  • In a higher-risk flood zone (AE) — flood insurance likely required
Location convenienceHigh
Hospital
4.9 mi
Cape Coral Hospital
Beach
8 mi
Fort Myers Beach
Airport
6.8 mi
Page Field (Fort Myers)
Shopping
6.1 mi
Coralwood / Merchants Crossing (Cape)

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

Loading map…

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.