$349,900
3 Bed 2 Bath Pool SingleFamilyResidence for Sale in CAPE CORAL, FL
3901 NW 48th Terrace, Cape Coral, FL, 33993
About this home
Location Location Location! This beautiful newly constructed pool home in NW Cape Coral is under 5 years old and has been meticulously maintained by its owners. It's close to the Punta Gorda airport, multiple boat ramps, city parks, and several amazing golf courses. The property is very private as it backs up to a large wooded area and it has a city owned parcel next to it that isn't likely ever to be built on. In addition to the privacy, this property has a huge back yard as it has an extra 30 feet of depth compared to a standard Cape Coral building lot. You really notice the quiet and privacy when you are relaxing in the large screened in pool. The saltwater pool is heated and has a large pavered deck with plenty of room for outdoor furniture. The split bedroom open floor plan interior is light and bright with LVT flooring throughout. The kitchen and bathrooms feature granite countertops and the large primary suite has its own bathroom with dual sinks and a large walk-in closet. There is also a sizable laundry room with plenty of storage and a laundry sink. Other upgrades to note include a pavered drive and walkway, hurricane shutters, a Lifestyle brand garage screen, ceiling fans in every room, and stainless steel kitchen appliances. This home is very affordable from an insurance perspective. Though the house didn't have any water inside from any of the more recent storms, the owners still have an assumable flood insurance policy that is only $837/yr. No danger of assessments for city utilities coming to this area soon either with them being projected 20+ years down the road. Schedule your showing appointment today to see what you've been missing!
Property details
- Type
- SingleFamilyResidence
- Year built
- 2020
- Interior
- 1,350 sqft
- Lot size
- 13,242.24 sqft
- Acreage
- 0.30 acres
- Garage
- 2 car
- Days on market
- 268
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $4,899/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- North
- Waterfront
- No
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- Yes
- 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 9 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 |
|---|---|---|---|---|---|
| 3823 NW 46th Lane | Dec 2025 | $365,000 | 3/2 | 1,387 | $263 |
| 3812 NW 46th Lane | Feb 2026 | $300,000 | 3/2 | 1,462 | $205 |
| 3933 NW 46th Street | Mar 2026 | $269,888 | 3/2 | 1,477 | $183 |
| 3935 NW 45th Lane | Mar 2026 | $330,000 | 3/2 | 1,387 | $238 |
| 3421 NW 47th Street | Mar 2026 | $264,000 | 4/2 | 1,477 | $179 |
| 4 Pirates Lane 42A | Nov 2025 | $297,500 | 2/2 | 1,516 | $196 |
| Average | 6 comps | $304,398 | $211 |
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 $54,900 (13.7%) from the original list price.
| Apr 15, 2026 | Sold | $345,000 |
| Feb 5, 2026 | Price reducedfrom $369,900 | $349,900 |
| Jun 7, 2025 | Listed | $399,900 |
The good, the trade-offs & the location
- Built 2020 — post-2002 Florida wind codes (typically lower insurance)
- Private pool
- 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.