$439,000
3 Bed Pool Home for Sale in Cape Coral
224 SE 31st Terrace, Cape Coral, FL, 33904
About this home
Gulf access living with beautiful intersection canal views, southern exposure, and only one bridge to open water the perfect combination for boaters and sunset lovers alike. This light-filled great room concept home offers approximately 1,523 sq ft of living space with brand-new flooring throughout and a new roof (2023) for peace of mind and easy ownership. Large windows invite in natural light while the open layout creates a comfortable flow for everyday living and entertaining. Step outside to enjoy plenty of under-truss lanai space and a spacious backyard ideal for gatherings, grilling, or simply relaxing while watching boats cruise by. It’s true Florida waterfront living easy, breezy, and made for making memories. Perfectly positioned on the border of SE and SW Cape Coral, you’ll love the incredibly convenient access to shopping, dining, and everyday essentials just minutes away. Whether you’re searching for a full-time home, winter retreat, or investment, this one checks all the boxes for location, boating access, and lifestyle. Schedule your private showing today
Property details
- Type
- SingleFamilyResidence
- Year built
- 1988
- Interior
- 1,523 sqft
- Lot size
- 11,586.96 sqft
- Acreage
- 0.27 acres
- Garage
- 2 car
- Days on market
- 3
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $6,146/yr
- Flood zone (area est.)
- No · Low risk (X)
- Storm protection
- None listed
- Exposure
- South
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- Yes
- Spa
- No
- Natural gas
- No
- Water
- Public
- Sewer
- Public Sewer
- 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 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.
| Address | Sold | Sold price | Beds/Baths | Sq ft | $/sqft |
|---|---|---|---|---|---|
| 130 SE 28th Terrace | Sep 2026 | $401,000 | 3/2 | 1,485 | $270 |
| 304 Kamal Parkway | Dec 2025 | $479,000 | 3/2 | 1,498 | $320 |
| 132 SW 34th Lane | Feb 2026 | $385,000 | 3/2 | 1,555 | $248 |
| 2919 SW 2nd Place | Aug 2026 | $380,000 | 3/2 | 1,502 | $253 |
| 3616 SW 1st Place | Aug 2026 | $425,000 | 3/2 | 1,413 | $301 |
| 3109 SE 10th Avenue | Jul 2026 | $435,000 | 2/2 | 1,369 | $318 |
| Average | 6 comps | $417,500 | $285 |
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 $14,000 (3.2%) from the original list price.
| Feb 25, 2026 | Sold | $425,000 |
| Feb 6, 2026 | Listed | $439,000 |
The good, the trade-offs & the location
- Lower flood risk (zone X)
- Private pool
- Waterfront
- 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.