$199,900
3 Bed 2 Bath SingleFamilyResidence for Sale in CAPE CORAL, FL
306 SE 18th Terrace, Cape Coral, FL, 33990
About this home
Investor Special – Diamond in the Rough with Huge Potential! Attention investors and flippers – this 3-bedroom, 2-bathroom home is priced to sell and bursting with opportunity. Whether you're looking for a flip-and-sell or a buy-and-hold, this property has the bones to become something truly special. The interior requires a full rehab, but the surrounding neighborhood features well-maintained and beautifully kept homes, making this a prime spot to add serious value. One standout feature? A gorgeous Royal Poinciana tree in the backyard offering lush shade and character — a true gem waiting to be showcased. No flood damage, and the roof was replaced in 2022 — a major plus for savvy buyers. Sold As-Is Cash Only No Financing or Contingencies Will Be Considered Bring your vision and turn this blank canvas into a profitable masterpiece!
Property details
- Type
- SingleFamilyResidence
- Year built
- 1988
- Interior
- 1,229 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 2 car
- Days on market
- 4
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $2,799/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
- 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 5 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 |
|---|---|---|---|---|---|
| 211 SE 23rd Street | Mar 2026 | $220,000 | 3/2 | 1,119 | $197 |
| 2206 SE 8th Place | Mar 2026 | $245,000 | 3/2 | 1,216 | $201 |
| 208 Aviation Parkway | Sep 2025 | $242,000 | 3/2 | 1,119 | $216 |
| 221 SW 22nd Street | May 2026 | $215,000 | 3/2 | 1,176 | $183 |
| 415 SW 20th Street | Oct 2025 | $240,000 | 3/2 | 1,142 | $210 |
| Average | 5 comps | $232,400 | $201 |
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 $14,900 (7.5%) from the original list price.
| Oct 24, 2025 | Sold | $185,000 |
| Oct 2, 2025 | Listed | $199,900 |
The good, the trade-offs & the location
- Lower flood risk (zone X)
- 2-car garage
- Built 1988 — pre-2002 construction may carry older wind codes and higher insurance
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.