3 Bed SingleFamilyResidence for Sale in Cape Coral
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For SaleMLS# 226028162

$267,500

3 Bed SingleFamilyResidence for Sale in Cape Coral

216 SE 27th Terrace, Cape Coral, FL, 33904

3 beds2 baths1,110 sqft2 garage
Gated

About this home

SELLER WILL HAVE A NEW ROOF INSTALLED PRIOR TO CLOSING! Welcome to 216 SE 27th Terrace, a beautifully maintained 3 bedroom, 2 bathroom home offering the updates, space, and flexibility today’s buyers are looking for. Fresh neutral paint creates a bright and welcoming interior, complemented by hard surface flooring throughout with no carpet, updated light fixtures, and energy efficient appliances. The comfortable, functional layout flows seamlessly to a spacious screened lanai, extending your living space outdoors and creating the perfect spot for morning coffee, weekend gatherings, or year round Florida living. Out back, the oversized yard gives you room to make it your own with plenty of space for a future pool, fenced yard, outdoor entertaining area, or simply more room to enjoy. Conveniently located near shopping, dining, schools, parks, and Cape Coral’s major roadways with easy access to Fort Myers. With a new roof to be installed prior to closing and a home that has already been thoughtfully refreshed, this is an opportunity to move in and make it yours!

Property details

Type
SingleFamilyResidence
Year built
1989
Interior
1,110 sqft
Lot size
10,018.8 sqft
Acreage
0.23 acres
Garage
2 car
Days on market
43
Total association fees
None
CDD
None
Est. taxes (1.4%)
$3,745/yr
Flood zone (area est.)
No · Low risk (X)
Storm protection
None listed
Exposure
South
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
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.

Above marketThis home is priced above comparable recent sales.
This home
$241/sqft
Comp median
$217/sqft
Difference
+11%

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.

AddressSoldSold priceBeds/BathsSq ft$/sqft
301 SE 26th TerraceDec 2025$275,0003/21,272$216
208 Aviation ParkwaySep 2025$242,0003/21,119$216
167 SE 21st TerraceApr 2026$269,9003/21,208$223
306 SE 21st StreetOct 2025$265,0003/21,219$217
Average4 comps$262,975$218

Market trends, Cape Coral

Median list
$399,000
Median $/sqft
$233
Median sold (90d)
$380,575
Avg days on market
91
Active listings
2,504
Median sold price · Cape Coral
$380,575last 3 months4.1% vs $365,500 prior 3 months
Median closed price by month · Cape Coral
5.3% MoM2.9% YoY
$340k$365k$390kJul ’25Sep ’26
$360,000Sep ’26 · 220 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.

Price & status history

Down $7,500 (2.7%) from the original list price.

Sep 18, 2026Price reducedfrom $270,000$267,500
Aug 6, 2026Listed$275,000

The good, the trade-offs & the location

Pros
  • Lower flood risk (zone X)
  • 2-car garage
Consider
  • Built 1989 — pre-2002 construction may carry older wind codes and higher insurance
Location convenienceHigh
Hospital
2.7 mi
Cape Coral Hospital
Beach
10.4 mi
Fort Myers Beach
Airport
6.6 mi
Page Field (Fort Myers)
Shopping
3.8 mi
Coralwood / Merchants Crossing (Cape)

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

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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.