3 Bed 2 Bath SingleFamilyResidence for Sale in NOT APPLICABLE, FL
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SoldMLS# 225049564

$380,000

3 Bed 2 Bath SingleFamilyResidence for Sale in NOT APPLICABLE, FL

418 NE 31st Terrace, Cape Coral, FL, 33909

3 beds2 baths1,887 sqft2 garage

About this home

Now It’s the Perfect Time to Buy! This gorgeous new construction on a freshwater canal could be the one! With an open concept floor plan and a sleek modern design, this home has everything you need and more. Here’s what makes it stand out: 3 spacious bedrooms + Den 2 stylish baths 2-car garage Gorgeous Italian tile throughout the home A kitchen that’s chef-approved with quartz countertops, stainless steel appliances, and a French door refrigerator Remote control ceiling fans in every room for your comfort The master suite is a dream! It features his & hers custom-designed closets, a self-standing tub, and a double-entry walk-in shower with multiple showerheads and separate sinks. Plus, the under-truss lanai offers a spacious area for entertaining, and the home is built with hurricane impact windows and doors for peace of mind. It also includes a concrete driveway and auto-sprinkler system—low maintenance, high comfort.

Property details

Type
SingleFamilyResidence
Year built
2023
Interior
1,887 sqft
Lot size
12,458.16 sqft
Acreage
0.29 acres
Garage
2 car
Days on market
249
Total association fees
None
CDD
None
Est. taxes (1.4%)
$5,320/yr
Flood zone (area est.)
No · Low risk (X)
Storm protection
Impact Windows/Doors
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.

Below marketThis home is priced below comparable recent sales — a potential value.
This home
$201/sqft
Comp median
$218/sqft
Difference
-8%

Based on the $/sqft of 4 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.

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Your notes on this home

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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
3021 NE 6th AvenueMay 2026$331,9904/21,829$182
304 Jacaranda ParkwayAug 2025$380,0004/31,735$219
710 Jacaranda ParkwayNov 2025$430,0004/31,886$228
3205 Andalusia BoulevardMay 2026$389,0003/21,793$217
Average4 comps$382,748$212

Market trends — Cape Coral

Median list
$399,999
Median $/sqft
$234
Median sold (90d)
$384,900
Avg days on market
93
Active listings
2,525
Median sold price · Cape Coral
$382,000last 3 months7% vs $356,900 prior 3 months
Median closed price by month · Cape Coral
2.6% MoM11.3% YoY
$340k$368k$395kJul ’25Jul ’26
$395,000Jul ’26 · 314 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 $47,500 (11.4%) from the original list price.

Mar 6, 2026Sold$367,500
Dec 9, 2025Price reducedfrom $398,000$380,000
May 23, 2025Listed$415,000

The good, the trade-offs & the location

Pros
  • Built 2023 — post-2002 Florida wind codes (typically lower insurance)
  • New construction
  • Lower flood risk (zone X)
  • Storm protection: Impact Windows/Doors
  • 2-car garage
Location convenienceHigh
Hospital
5.4 mi
Cape Coral Hospital
Beach
17.9 mi
Fort Myers Beach
Airport
10.6 mi
Page Field (Fort Myers)
Shopping
4.4 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.