$249,000
3 Bed 2 Bath SingleFamilyResidence for Sale in CAPE CORAL, FL
4745 NW 38th Place, Cape Coral, FL, 33993
About this home
Located in a peaceful section of Northwest Cape Coral, this 3-bedroom, 2-bath home built in 2018 offers a welcoming retreat with the feel of a quiet Florida getaway. Features include a 2024 roof, fresh paint, an enclosed front porch, a screened rear lanai, hurricane-protection awnings on the front windows, and storm shutters for the remaining windows. The landscaping is well maintained, the home has been well cared for, and it is move-in ready. This part of the NW is known for its natural setting and tranquil streets, with the Charlotte Harbor Preserve and nearby walking areas just moments away. Pine Island Road, I-75, and Punta Gorda Airport are all within easy reach, and local parks, the new Kismet Lakes Park, and Burnt Store Marina offer convenient options for waterfront dining, golf, and marina access. The home sits at a high elevation and has never experienced any water intrusion. The seller was told the property is eligible for the process for exemption from flood insurance requirements (LOMA), to be verified by the buyer. With future growth planned for the Northwest, including the anticipated Seven Islands project, this location offers a blend of privacy, nature, affordability, and long-term potential.
Property details
- Type
- SingleFamilyResidence
- Year built
- 2018
- Interior
- 1,144 sqft
- Lot size
- 10,628.64 sqft
- Acreage
- 0.24 acres
- Garage
- 2 car
- Days on market
- 171
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $3,486/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- East
- Waterfront
- No
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Well
- Sewer
- Septic Tank
- 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 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 |
|---|---|---|---|---|---|
| 3181 Matecumbe Key Road 28 | Mar 2026 | $215,000 | 2/2 | 1,028 | $209 |
| 3181 Matecumbe Key Road 32 | Apr 2026 | $230,000 | 2/2 | 1,219 | $189 |
| 3181 Matecumbe Key Road 31 | Jun 2026 | $218,000 | 2/2 | 1,219 | $179 |
| Average | 3 comps | $221,000 | $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 $37,500 (13.4%) from the original list price.
| Jan 23, 2026 | Sold | $242,000 |
| Nov 7, 2025 | Price reducedfrom $269,500 | $249,000 |
| Jun 17, 2025 | Listed | $279,500 |
The good, the trade-offs & the location
- Built 2018 — post-2002 Florida wind codes (typically lower insurance)
- 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.