$409,000
3 Bed 2 Bath Pool Waterfront SingleFamilyResidence for Sale in CAPE CORAL, FL
831 SW 5th Terrace, Cape Coral, FL, 33991
About this home
Stunning Waterfront Escape – Discover the perfect blend of luxury and tropical living in this beautifully remodeled 3-bedroom, 2-bathroom waterfront Pool home in the heart of Cape Coral. Designed to impress, this property offers everything you need for a laid-back yet sophisticated Florida lifestyle. From the moment you step inside, you’ll be captivated by the open concept layout featuring elegant tile flooring, designer lighting, and premium finishes throughout. The fully updated gourmet kitchen with granite countertops, custom cabinetry, and top-of-the-line stainless steel appliances. Whether hosting or enjoying a quiet evening, this space is a chef’s dream come true. Each of the three spacious bedrooms is bathed in natural light, offering cozy retreats with generous closet space. The luxurious owner’s suite includes a spa-inspired ensuite bath with a walk-in shower, dual vanities, and modern fixtures. The screened lanai invites you to relax by your sparkling pool, entertain on the expansive deck, or simply soak in the serene water views surrounded by lush tropical landscaping. Situated in one of Cape Coral’s most desirable neighborhoods, this home is close to vibrant dining, shopping, parks, and entertainment, as well as top-rated schools and healthcare facilities. Picture yourself waking up to stunning sunrises over the water, lounging by the pool under swaying palm trees, and enjoying cocktails as the sun dips below the horizon. Every detail of this home has been thoughtfully curated to provide you with unparalleled comfort, beauty, and convenience. This is more than a house—it’s a lifestyle. New roof. No flood insurance required. All assessments paid.
Property details
- Type
- SingleFamilyResidence
- Year built
- 2004
- Interior
- 1,950 sqft
- Lot size
- 12,763.08 sqft
- Acreage
- 0.29 acres
- Garage
- 2 car
- Days on market
- 188
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $5,726/yr
- Flood zone (area est.)
- No · Low risk (X)
- Storm protection
- None listed
- Exposure
- South
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- Yes
- 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 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 |
|---|---|---|---|---|---|
| 1402 SW 4th Lane | Aug 2025 | $445,000 | 3/2 | 2,016 | $221 |
| 1103 SW 8th Court | Jul 2025 | $400,000 | 3/2 | 1,941 | $206 |
| 1139 SW 14th Street | Jan 2026 | $440,000 | 3/2 | 1,929 | $228 |
| Average | 3 comps | $428,333 | $218 |
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 $49,000 (11.2%) from the original list price.
| Jan 29, 2026 | Sold | $390,000 |
| Oct 30, 2025 | Price reducedfrom $419,000 | $409,000 |
| Jun 26, 2025 | Back on market | |
| Jun 26, 2025 | Listed | $439,000 |
The good, the trade-offs & the location
- Built 2004 — post-2002 Florida wind codes (typically lower insurance)
- Lower flood risk (zone X)
- Private pool
- Waterfront
- 2-car garage
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.