$475,000
3 Bed 2 Bath Pool Waterfront SingleFamilyResidence for Sale in SHAMROCK LAKES, FL
1120 SE 1st Terrace, Cape Coral, FL, 33990
About this home
**HUGE PRICE REDUCTION!!! SELLER MOTIVATED!!! RARE LAKEFRONT POOL HOME in Cape Coral’s desirable SHAMROCK LAKES—FIRST TIME EVER OFFERED ON OPEN MARKET!** This 3-bedroom, 2-bath residence is being sold by the **ORIGINAL FAMILY** and offers a versatile, spacious layout with a Living Room **plus** a separate Family Room, a dedicated Dining Room, and a Dinette—ideal for both everyday living and entertaining. Outdoor living shines here. Enjoy a **HEATED 15’ x 25’ POOL with attached SPA**, all overlooking a **peaceful, private lake** with a **CONCRETE DOCK**—perfect for relaxing, fishing, or taking in serene water views. The rear of the home is designed for comfort and protection, featuring **huge sliding glass doors from the Family Room and Dinette**, opening to a covered lanai area that allows you to **leave outdoor furniture in place year-round**, thanks to **ELECTRIC ROLL-DOWN HURRICANE SHUTTERS** enclosing the entire rear living space. The home is on **PUBLIC WATER AND PUBLIC SEWER** and is located in an **X FLOOD ZONE—NO FLOOD INSURANCE REQUIRED**, offering both convenience and peace of mind. **MAJOR UPDATES INCLUDE:** • **NEW ROOF (2025)** • **Whole-home interior plumbing REPIPE (2023)** • **HVAC replaced (2018)** • **Garage door replaced (2018)** • **HURRICANE SHUTTERS**, including electric rear enclosure Shamrock Lakes is an established, tucked-away neighborhood known for its **single entrance/exit**, providing a quiet residential setting while remaining close to shopping, dining, and major Cape Coral roadways. A lovingly maintained **TIME CAPSULE** with excellent bones, major systems already updated, and **OVER 2,000 SQUARE FEET of living space**—this is a rare opportunity to own a lakefront pool home with spa, dock, public utilities, no flood insurance required, and first-time-on-the-market pedigree. **Schedule your private showing today.**
Property details
- Type
- SingleFamilyResidence
- Year built
- 1989
- Interior
- 2,057 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 2 car
- Days on market
- 69
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $6,650/yr
- Flood zone (area est.)
- No · Low risk (X)
- Storm protection
- Shutters
- Exposure
- North
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- Yes
- Spa
- Yes
- 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.
Based on the $/sqft of 16 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 |
|---|---|---|---|---|---|
| 28 SE 12th Avenue | Jul 2026 | $475,000 | 3/2 | 1,925 | $247 |
| 1216 SE 2nd Street | Mar 2026 | $560,000 | 3/2 | 2,041 | $274 |
| 422 SE 12th Court | Jan 2026 | $400,000 | 3/2 | 2,001 | $200 |
| 1215 SE 5TH Terrace | Nov 2025 | $411,130 | 4/3 | 2,020 | $204 |
| 203 SE 14th Court | Jul 2026 | $450,000 | 4/2 | 1,966 | $229 |
| 129 NE 12th Court | Jul 2026 | $530,000 | 4/3 | 2,040 | $260 |
| Average | 6 comps | $471,022 | $236 |
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 $67,499 (13.5%) from the original list price.
| May 20, 2026 | Sold | $432,500 |
| Mar 21, 2026 | Price reducedfrom $499,999 | $475,000 |
| Feb 10, 2026 | Listed | $499,999 |
The good, the trade-offs & the location
- Lower flood risk (zone X)
- Private pool
- Waterfront
- Storm protection: Shutters
- 2-car garage
- Built 1989 — 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.