$159,900
3 Bed Condominium for Sale in Cape Coral
1407 SW 16th Terrace 201, Cape Coral, FL, 33991
About this home
INVESTORS!! Large spacious 3/2 2nd floor condo with vaulted ceilings. This unit is tile throughout with neutral colors. Tenant in place at $1600 per month. Large kitchen, in unit laundry room with washer/dryer. Great neighborhood in SW Cape. Low monthly condo fees at $250 per month. Includes covered carport parking and an outside storage closet.
Property details
- Type
- Condominium
- Year built
- 1983
- Interior
- 1,186 sqft
- Lot size
- Not specified
- Acreage
- Not specified
- Garage
- None
- Days on market
- 1246
- Total association fees
- $3,000/yr (~$250/mo)
- CDD
- None
- Est. taxes (1.4%)
- $2,239/yr
- Flood zone (area est.)
- No · Low risk (X)
- Storm protection
- None listed
- Exposure
- North
- 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
- No
- County
- Lee
Total association fees sums the core association dues the MLS feed provides (HOA, condo/master association, and land lease), normalized to a yearly figure. These are separate from and additional to specialty charges, mandatory club or food-and-beverage minimums, special assessments, and rec-lease fees, which the IDX feed does not carry. Always confirm the full fee schedule with the HOA or listing agent.
Maintenance included in the fee
What the association dues cover, per the MLS. Confirm the full schedule with the HOA.
Amenities
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.
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.
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 $59,900 (27.2%) from the original list price.
| Mar 2, 2026 | Sold | $160,000 |
| May 29, 2025 | Price reducedfrom $174,000 | $159,900 |
| Jan 31, 2024 | Back on market | |
| Aug 30, 2022 | Listed | $219,900 |
The good, the trade-offs & the location
- Lower flood risk (zone X)
- Built 1983 — pre-2002 construction may carry older wind codes and higher insurance
- No garage listed
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.
Similar homes nearby
$145,000
MLS# 2240680402504 SE 16th Place 101, Cape Coral, FL, 33904
$145,000
MLS# 20260306631227 SE 23rd Place 3, Cape Coral, FL, 33990
$145,000
MLS# 20260330941761 Four Mile Cove Parkway 513, Cape Coral, FL, 33990
$188,000
MLS# 20260327194520 Skyline Boulevard 207, Cape Coral, FL, 33914
$160,000
MLS# 2026022930716 SE 12th Court 31, Cape Coral, FL, 33990
$178,500
MLS# 20260347251713 Chiquita Boulevard, Cape Coral, FL, 33993
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.