3 Bed 2 Bath Waterfront SingleFamilyResidence for Sale in CAPE CORAL, FL
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SoldMLS# 2026000995

$369,500

3 Bed 2 Bath Waterfront SingleFamilyResidence for Sale in CAPE CORAL, FL

2223 SW 2nd Terrace, Cape Coral, FL, 33991

3 beds2 baths2,466 sqft2 garage
GatedBoatingWaterfront

About this home

Designed for Entertaining, Built for Relaxation, Perfect for Florida Living Welcome to a home that truly checks every box for entertaining, vacation living, and effortless relocation to Southwest Florida. Located on the Shadroe Canal with access to Valmora Lake, this 3-bedroom, 2-bath residence offers 2,466 sq ft under air, no HOA restrictions, and a lifestyle that feels like a private waterfront retreat. From the moment you step inside, you’ll appreciate the open-concept floor plan designed to bring people together. The spacious kitchen flows seamlessly into the main living area, featuring vaulted ceilings, an eat-in kitchen, a large island with seating for three, and a separate formal dining room—ideal for hosting holidays, dinner parties, or casual gatherings with friends and family. Indoor–Outdoor Living at Its Best One of the standout features of this home is its exceptional outdoor living design: Pocket sliders open to a first outdoor living space under truss, fully air-conditioned for year-round comfort. Impact sliders lead to a second outdoor living area, upgraded with a 16' x 32’ pan roof, Super Screen enclosure, and oversized picture windows for unobstructed water views. A 16,000.00 swim spa overlooks the freshwater canal, creating the perfect space to relax, entertain, or unwind after a day on the water. The fully fenced backyard offers peace of mind for families and pet owners alike—creating a safe, private haven while still enjoying waterfront living. Waterfront Lifestyle Without the Flood Insurance. Situated in Flood Zone X (no flood insurance required for most mortgages), this home features a concrete cantilever dock on the Shadroe Canal, perfect for kayaking, paddleboarding, fishing, and enjoying abundant wildlife. Morning sunrises and evening sunsets shimmer across the canal, delivering a daily reminder of why Florida living is so special. Move-In Ready with Major Upgrades. New roof, Updated kitchen, New screen enclosure & pan roof, New swim spa, City water & sewer in (partially paid)Extra storage shed, Optional partially furnished purchase. Central, Convenient, & Connected! Whether you’re relocating or seeking a vacation home, the location is hard to beat:5 minutes to Publix, dining, fuel, and everyday essentials , 5 minutes to Burnt Store Boat Ramp, 5 minutes to Joe Stonis Park, 10 minutes to the 7 Islands Project, 27 minutes to Punta Gorda Airport, 40 minutes to RSW International Airport, Walmart coming soon nearby. This is more than a home—it’s a lifestyle. Perfect for entertaining, ideal as a vacation retreat, and thoughtfully designed for those relocating to Florida who want space, comfort, and waterfront living without compromise.

Property details

Type
SingleFamilyResidence
Year built
1993
Interior
2,466 sqft
Lot size
10,018.8 sqft
Acreage
0.23 acres
Garage
2 car
Days on market
39
Total association fees
None
CDD
None
Est. taxes (1.4%)
$5,173/yr
Flood zone (area est.)
Yes · High risk (AE)
Storm protection
Shutters
Exposure
North
Waterfront
Yes
Gulf access
No
Gulf access type
N/A
Pool
No
Spa
Yes
Natural gas
No
Water
Assessment Unpaid
Sewer
Assessment Unpaid
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
$150/sqft
Comp median
$170/sqft
Difference
-12%

Based on the $/sqft of 10 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.

AddressSoldSold priceBeds/BathsSq ft$/sqft
2011 NW Embers TerraceJul 2026$380,0004/32,336$163
314 SW 26th PlaceApr 2026$455,0004/32,556$178
2720 Lambay CourtMar 2026$400,0003/32,267$176
2207 SW 12th LaneOct 2025$419,0004/22,319$181
809 NW 20TH AvenueSep 2025$399,0954/32,336$171
106 SW 33rd AvenueOct 2025$360,0004/32,550$141
Average6 comps$402,183$168

Market trends — Cape Coral

Median list
$399,999
Median $/sqft
$234
Median sold (90d)
$384,900
Avg days on market
93
Active listings
2,525
Median sold price · Cape Coral
$382,000last 3 months7% vs $356,900 prior 3 months
Median closed price by month · Cape Coral
2.6% MoM11.3% YoY
$340k$368k$395kJul ’25Jul ’26
$395,000Jul ’26 · 314 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 $19,500 (5.3%) from the original list price.

Mar 20, 2026Sold$350,000
Jan 8, 2026Listed$369,500

The good, the trade-offs & the location

Pros
  • Waterfront
  • Storm protection: Shutters
  • 2-car garage
Consider
  • Built 1993 — pre-2002 construction may carry older wind codes and higher insurance
  • In a higher-risk flood zone (AE) — flood insurance likely required
Location convenienceHigh
Hospital
4.8 mi
Cape Coral Hospital
Beach
14.2 mi
Fort Myers Beach
Airport
10.6 mi
Page Field (Fort Myers)
Shopping
5 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.