$299,000
3 Bed 2 Bath SingleFamilyResidence for Sale in CAPE CORAL, FL
268 SE 46th Terrace, Cape Coral, FL, 33904
About this home
Your Cape Coral Oasis: Life Just Blocks from the Action! Welcome to the property that defines spacious flexibility and prime location in Southwest Florida. This beautifully laid-out 3-bedroom, 2-bath Cape Coral home isn't just a place to live—it's a sprawling sanctuary offering nearly 2,000 square feet of brilliantly utilized space. You'll immediately appreciate the freedom of two separate living areas, providing the perfect setup for large-scale entertaining, a dedicated work-from-home zone, or a cozy media room. The heart of the home flows seamlessly, inviting the outside in through magnificent pocket sliders that virtually disappear, expanding your living room onto a huge screened-in lanai. Imagine enjoying your morning coffee on the custom porch swing as the breeze rolls through. Designed for the Florida lifestyle, this home features a smart convenient pool bath that connects directly to the guest bedrooms, keeping wet feet off your main floors after future dips in the pool. Outside, the fully fenced in oversized backyard is a rare find, providing a private, secure paradise for pets, children, or your custom future dream pool. Parking is never an issue with the charming and functional circular driveway, boosting curb appeal instantly. Best of all, you are just blocks from Downtown Cape Coral's vibrant dining, boutique shops, and nightlife, and only a lightning-fast 5-minute drive to the Fort Myers bridge for quick river access. This move-in-ready home has never flooded and offers a truly unbeatable mix of space, convenience, and genuine Florida charm. Your new chapter starts here—come see the endless possibilities in person! Just blocks from downtown Cape Coral’s vibrant dining, shops, and nightlife — and only 5 minutes to the Fort Myers bridge for easy access across the river. Never Flooded Oversized Yard Prime Location Move-in Ready This home is a rare mix of space, convenience, and Florida charm. Come see it in person — your new chapter starts here!
Property details
- Type
- SingleFamilyResidence
- Year built
- 1990
- Interior
- 1,969 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 2 car
- Days on market
- 235
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $4,186/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.
Based on the $/sqft of 4 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 |
|---|---|---|---|---|---|
| 3925 SE 2nd Place | Jul 2025 | $285,000 | 3/2 | 1,827 | $156 |
| 3908 SE 3rd Avenue | Aug 2025 | $325,000 | 3/2 | 1,960 | $166 |
| 3902 SE 2nd Place | Mar 2026 | $310,000 | 3/2 | 2,019 | $154 |
| 3819 SE 2nd Avenue | Jun 2026 | $325,000 | 3/2 | 1,894 | $172 |
| Average | 4 comps | $311,250 | $162 |
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 $45,000 (13.6%) from the original list price.
| Mar 2, 2026 | Sold | $285,000 |
| Nov 20, 2025 | Price reducedfrom $315,000 | $299,000 |
| Jun 12, 2025 | Listed | $330,000 |
The good, the trade-offs & the location
- 2-car garage
- Built 1990 — pre-2002 construction may carry older wind codes and higher insurance
- 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.