$369,500
3 Bed 2 Bath Waterfront SingleFamilyResidence for Sale in CAPE CORAL, FL
2223 SW 2nd Terrace, Cape Coral, FL, 33991
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.
Based on the $/sqft of 10 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 |
|---|---|---|---|---|---|
| 2011 NW Embers Terrace | Jul 2026 | $380,000 | 4/3 | 2,336 | $163 |
| 314 SW 26th Place | Apr 2026 | $455,000 | 4/3 | 2,556 | $178 |
| 2720 Lambay Court | Mar 2026 | $400,000 | 3/3 | 2,267 | $176 |
| 2207 SW 12th Lane | Oct 2025 | $419,000 | 4/2 | 2,319 | $181 |
| 809 NW 20TH Avenue | Sep 2025 | $399,095 | 4/3 | 2,336 | $171 |
| 106 SW 33rd Avenue | Oct 2025 | $360,000 | 4/3 | 2,550 | $141 |
| Average | 6 comps | $402,183 | $168 |
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 $19,500 (5.3%) from the original list price.
| Mar 20, 2026 | Sold | $350,000 |
| Jan 8, 2026 | Listed | $369,500 |
The good, the trade-offs & the location
- Waterfront
- Storm protection: Shutters
- 2-car garage
- Built 1993 — pre-2002 construction may carry older wind codes and higher insurance
- 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.