$399,900
3 Bed SingleFamilyResidence for Sale in Cape Coral
2702 NW 1st Terrace, Cape Coral, FL, 33993
About this home
READY NOW! I’m The Drexel, and I might just be your favorite chapter waiting to happen. I sit sweetly on a canal-front lot in Cape Coral, with my very own seawall already in place — because I believe in being prepared for adventures. I’m tucked just north of Pine Island Road, which means I’m close to all the everyday conveniences (coffee runs, grocery stops, dinner dates) without losing that peaceful, breezy Florida feel. Mornings here? They’re kind of magical. Sunlight dances across the water behind me. The grass sparkles. The air feels light and warm. If homes could stretch and smile, that’s exactly what I’d be doing. Step inside and I’ll show you around. I keep things bright and airy with 9-foot ceilings and a tray ceiling that adds just a little flair — like a wink of personality. My tile floors are stylish and practical (because life gets messy sometimes), while my bedrooms are soft and cozy underfoot. Now let’s talk about my favorite spot — the kitchen. I have a big, beautiful island that loves being the center of attention. Breakfasts, charcuterie boards, homework, holiday cookies — I’ve seen it all (or at least I’m ready to). Granite countertops, shaker cabinets, and sleek appliances make me both pretty and practical. My great room flows right out to my extended screened lanai — and oh, that lanai. It’s made for morning coffee chats, sunset giggles, and quiet moments watching the canal drift by. The backyard feels like your own little slice of calm. When it’s time to recharge, my primary suite becomes your private retreat. A spacious walk-in closet (because options matter), dual vanities, and a beautifully tiled shower that feels just a bit spa-like. The secondary bedrooms are bright and welcoming — perfect for guests, littles, or turning one into that dreamy home office you’ve been imagining. I’m energy-efficient, hurricane-ready, and built to keep you comfortable year-round — but more than that, I’m built for living well. I’m not just walls and windows. I’m movie nights and birthday candles. I’m paddleboard Saturdays and porch-swing Sundays. I’m convenience, comfort, and a little bit of whimsy all wrapped into one. Come see me. I think we’d get along beautifully.
Property details
- Type
- SingleFamilyResidence
- Year built
- 2025
- Interior
- 1,988 sqft
- Lot size
- 11,543.4 sqft
- Acreage
- 0.27 acres
- Garage
- 2 car
- Days on market
- 577
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $5,599/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
- Well
- Sewer
- Septic Tank
- New construction
- Yes
- 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.
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.
| Address | Sold | Sold price | Beds/Baths | Sq ft | $/sqft |
|---|---|---|---|---|---|
| 2506 SW Embers Terrace | Apr 2026 | $410,000 | 4/3 | 2,009 | $204 |
| 2848 NW 3rd Terrace | May 2026 | $347,000 | 3/2 | 1,822 | $190 |
| 2745 NW 4th Terrace | Jun 2026 | $366,100 | 3/2 | 2,010 | $182 |
| Average | 3 comps | $374,367 | $192 |
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 $100,000 (20%) from the original list price.
| Apr 21, 2026 | Price reducedfrom $429,900 | $399,900 |
| Jan 17, 2025 | Listed | $499,900 |
The good, the trade-offs & the location
- Built 2025 — post-2002 Florida wind codes (typically lower insurance)
- New construction
- 2-car garage
- In a higher-risk flood zone (AE) — flood insurance likely required
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.