3 Bed Waterfront Home for Sale in Cape Coral
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SoldMLS# 2025017069

$299,000

3 Bed Waterfront Home for Sale in Cape Coral

1627 SE 7th Street, Cape Coral, FL, 33990

3 beds2 baths1,709 sqft2 garage
GatedWaterfront

About this home

NOT in a flood zone!!!! City water and sewer in place and the assessments are PAID!! This beautifully maintained Cape Coral home offers peace of mind with a NEW ROOF installed in 2023, HVAC has been updated as well. Featuring 3 bedrooms plus a den and 2 bathrooms, this home sits on a freshwater canal, perfect for fishing, kayaking, or simply enjoying the serene waterfront views. Inside, you’ll find fresh interior paint, a bright and open layout, and plenty of natural light throughout. Step outside to the oversized screened-in lanai, ideal for entertaining or relaxing while overlooking the water. The new fencing adds privacy and defines the spacious backyard, which also has room for a pool. Located in a great neighborhood close to shopping, dining, medical care and schools, this property combines comfort, convenience, and the best of Southwest Florida living. Don’t miss this opportunity to own a move-in ready home in a desirable Cape Coral location—not in a flood zone and ready for your Florida lifestyle!

Property details

Type
SingleFamilyResidence
Year built
1986
Interior
1,709 sqft
Lot size
10,018.8 sqft
Acreage
0.23 acres
Garage
2 car
Days on market
60
Total association fees
None
CDD
None
Est. taxes (1.4%)
$4,186/yr
Flood zone (area est.)
No · Low risk (X)
Storm protection
None listed
Exposure
North
Waterfront
Yes
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.

Below marketThis home is priced below comparable recent sales, a potential value.
This home
$175/sqft
Comp median
$196/sqft
Difference
-11%

Based on the $/sqft of 6 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.

AddressSoldSold priceBeds/BathsSq ft$/sqft
1719 SE 8th StreetMar 2026$320,0003/21,804$177
903 SE 20th CourtJun 2026$302,0003/21,527$198
2006 SE 12th StreetOct 2025$330,0003/21,564$211
2210 SE 8th TerraceMay 2026$340,0003/21,551$219
2219 SE 8th StreetMay 2026$290,0003/21,659$175
110 SE 13th PlaceApr 2026$300,0003/21,558$193
Average6 comps$313,667$196

Market trends, Cape Coral

Median list
$399,000
Median $/sqft
$232
Median sold (90d)
$384,750
Avg days on market
92
Active listings
2,482
Median sold price · Cape Coral
$384,999last 3 months6.9% vs $360,000 prior 3 months
Median closed price by month · Cape Coral
2.6% MoM5.7% YoY
$340k$365k$390kJul ’25Sep ’26
$369,990Sep ’26 · 69 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 $56,999 (16.9%) from the original list price.

Jan 16, 2026Sold$280,000
Dec 8, 2025Price reducedfrom $319,999$299,000
Nov 1, 2025Listed$336,999

The good, the trade-offs & the location

Pros
  • Lower flood risk (zone X)
  • Waterfront
  • 2-car garage
Consider
  • Built 1986 — pre-2002 construction may carry older wind codes and higher insurance
Location convenienceHigh
Hospital
0.5 mi
Cape Coral Hospital
Beach
12.9 mi
Fort Myers Beach
Airport
5.9 mi
Page Field (Fort Myers)
Shopping
0.8 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.