$399,000
3 Bed 2 Bath Pool Waterfront SingleFamilyResidence for Sale in CAPE CORAL, FL
1408 SW 31st Terrace, Cape Coral, FL, 33914
About this home
Welcome to your dream home in the highly sought after SW Cape, located on a fresh water canal. This well maintained large 3 bedroom / 2 bath, 2 car garage pool home can be sold turnkey and features water views from every room. A spacious island kitchen is a chef's delight with water vistas as you prepare meals. Natural light fills the open-concept design with beautiful water views and well maintained landscaping. The owner's suite features lanai access and an en-suite bathroom with dual vanities & separate tub and shower. Two more bedrooms offer space for guests or an office. Screen enclosure ensure peace-of-mind. New Roof in 2023, new 4 Ton A/C in 2025, new water heater in 2026.
Property details
- Type
- SingleFamilyResidence
- Year built
- 2005
- Interior
- 1,822 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 2 car
- Days on market
- 18
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $5,586/yr
- Flood zone (area est.)
- No · Low risk (X)
- Storm protection
- None listed
- Exposure
- South
- Waterfront
- Yes
- Gulf access
- Yes
- Gulf access type
- Direct — no bridges
- Pool
- Yes
- Spa
- No
- Natural gas
- No
- Water
- Assessment Paid
- Sewer
- Assessment Paid
- 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.
Amenities
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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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.
| Address | Sold | Sold price | Beds/Baths | Sq ft | $/sqft |
|---|---|---|---|---|---|
| 1213 SW 30th Street | Mar 2026 | $350,000 | 3/2 | 2,012 | $174 |
| 3507 SW 15th Avenue | Oct 2025 | $355,000 | 4/2 | 1,998 | $178 |
| 1220 SW 35th Street | Mar 2026 | $410,000 | 3/2 | 1,817 | $226 |
| 1709 SW 30th Street | Nov 2025 | $357,000 | 3/2 | 1,652 | $216 |
| 3124 SW 18th Avenue | May 2026 | $385,000 | 3/2 | 1,660 | $232 |
| Average | 5 comps | $371,400 | $205 |
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 $16,000 (3.9%) from the original list price.
| Apr 2, 2026 | Sold | $399,000 |
| Feb 27, 2026 | Price reducedfrom $415,000 | $399,000 |
| Feb 27, 2026 | Back on market | |
| Dec 26, 2025 | Listed | $415,000 |
The good, the trade-offs & the location
- Built 2005 — post-2002 Florida wind codes (typically lower insurance)
- Lower flood risk (zone X)
- Private pool
- Gulf access (Direct — no bridges)
- 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.