$279,000
3 Bed SingleFamilyResidence for Sale in Cape Coral
2705 NW 5th Terrace, Cape Coral, FL, 33993
About this home
AN EXCELLENT OPPORTUNITY FOR BUYERS SEEKING VALUE AND CONDITION. Built in 2021, this home is new and features modern finishes, abundant natural light, and a functional floor plan ideal for today’s lifestyle, with fresh interior paint adding to its move-in ready appeal. The completely fenced backyard provides plenty of space for a future pool, entertaining, pets, or play. Located near the upcoming Seven Island development and in one of Cape Coral’s fastest-growing areas, this property offers both comfort and long-term upside. Owner’s flood policy is transferable at approximately $1,100 per year. Sellers are VERY motivated and welcome all offers.
Property details
- Type
- SingleFamilyResidence
- Year built
- 2021
- Interior
- 1,515 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 2 car
- Days on market
- 182
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $3,906/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
- No
- Spa
- No
- Natural gas
- No
- Water
- Well
- Sewer
- Septic Tank
- New construction
- No
- Pets
- Yes
- County
- Lee
Maintenance included in the fee
What the association dues cover, per the MLS. Confirm the full schedule with the HOA.
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 |
|---|---|---|---|---|---|
| 2837 NW 2nd Terrace | Apr 2026 | $265,000 | 3/2 | 1,684 | $157 |
| 2436 NW 9th Street | Jan 2026 | $317,900 | 3/2 | 1,401 | $227 |
| 2232 NW 5th Street | Nov 2025 | $319,990 | 3/2 | 1,550 | $206 |
| 2219 NW 5th Street | Feb 2026 | $265,000 | 3/2 | 1,469 | $180 |
| 2201 NW 7th Street | Feb 2026 | $300,000 | 3/2 | 1,552 | $193 |
| 2032 NW 4th Terrace | Jan 2026 | $293,000 | 3/2 | 1,550 | $189 |
| Average | 6 comps | $293,482 | $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 $50,000 (15.4%) from the original list price.
| Mar 20, 2026 | Sold | $275,000 |
| Jan 30, 2026 | Price reducedfrom $285,000 | $279,000 |
| Sep 9, 2025 | Listed | $325,000 |
The good, the trade-offs & the location
- Built 2021 — 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.