3 Bed Waterfront Home for Sale in Cape Coral
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SoldMLS# 2026008336

$699,900

3 Bed Waterfront Home for Sale in Cape Coral

2828 NW 46th Avenue, Cape Coral, FL, 33993

3 beds3 baths2,435 sqft2 garage
BoatingWaterfront

About this home

Welcome to your private slice of Southwest Florida paradise, where breathtaking canal views, elegant design, and exceptional value come together in perfect harmony. This stunning Gulf-access waterfront home offers the lifestyle buyers dream about—serene water views, beautiful sunsets, and effortless indoor-outdoor living. From the moment you arrive, the home’s impressive curb appeal, paver driveway, and lush tropical landscaping set the tone for what awaits inside. Step through the grand entry and you’ll immediately notice soaring ceilings, expansive open living spaces, and walls of glass that frame picturesque canal views and fill the home with natural light, creating a bright and inviting atmosphere. The spacious great room flows seamlessly into a beautifully appointed chef’s kitchen featuring rich wood cabinetry, granite countertops, stainless steel appliances, and a large center island that serves as the perfect gathering space for entertaining. Whether hosting family and friends or enjoying quiet evenings at home, the open floor plan offers both comfort and functionality. The primary suite provides a peaceful retreat with generous space and calming water views, while additional bedrooms offer flexibility for guests plus a jacuzzi tub in one of the guest baths, a home office, or hobbies. Step outside to your private waterfront oasis and experience true Florida living. This incredible property offers expansive canal views, a private dock, and covered boat lift, making it ideal for boating enthusiasts or anyone who appreciates the beauty and tranquility of waterfront living. Imagine starting your mornings with coffee overlooking the water, spending afternoons boating, and ending your evenings watching stunning sunsets from your own backyard. Additional highlights include tile flooring throughout the main living areas, elegant architectural details, a spacious laundry room, abundant storage, and a large walk-in pantry. The home also features central wall vac and the solar battery backup system. Virtually staged to help you visualize the possibilities, this home showcases its full potential as a sophisticated waterfront retreat where every space invites relaxation and enjoyment. For this price, it is truly an exceptional value, offering the rare opportunity to own a beautiful Gulf-access canal home with space, quality, and breathtaking views. Whether you’re searching for a full-time residence, seasonal escape, or investment opportunity, this home delivers the ultimate Florida waterfront lifestyle. Schedule your private showing today and experience canal living at its finest.

Property details

Type
SingleFamilyResidence
Year built
2005
Interior
2,435 sqft
Lot size
10,018.8 sqft
Acreage
0.23 acres
Garage
2 car
Days on market
95
Total association fees
None
CDD
None
Est. taxes (1.4%)
$9,799/yr
Flood zone (area est.)
Yes · High risk (AE)
Storm protection
Impact Windows/Doors
Exposure
West
Waterfront
Yes
Gulf access
Yes
Gulf access type
Indirect — bridges/locks
Pool
No
Spa
No
Natural gas
No
Water
Well
Sewer
Septic Tank
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
$287/sqft
Comp median
$330/sqft
Difference
-13%

Based on the $/sqft of 4 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.

AddressSoldSold priceBeds/BathsSq ft$/sqft
4240 NW 31st TerraceMay 2026$765,0004/22,330$328
2809 NW 41st AvenueDec 2025$800,0003/32,322$345
3015 NW 41st AvenueFeb 2026$795,0003/22,396$332
4009 Jacaranda ParkwayJul 2026$750,0004/32,295$327
Average4 comps$777,500$333

Market trends, Cape Coral

Median list
$399,000
Median $/sqft
$233
Median sold (90d)
$385,000
Avg days on market
94
Active listings
2,460
Median sold price · Cape Coral
$385,000last 3 months7.2% vs $359,000 prior 3 months
Median closed price by month · Cape Coral
2.6% MoM7% YoY
$340k$365k$390kJul ’25Aug ’26
$380,000Aug ’26 · 444 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 $140,000 (18.1%) from the original list price.

Jul 16, 2026Sold$635,000
Apr 30, 2026Price reducedfrom $775,000$699,900
Apr 2, 2026Back on market
Feb 17, 2026Listed$775,000

The good, the trade-offs & the location

Pros
  • Built 2005 — post-2002 Florida wind codes (typically lower insurance)
  • Gulf access (Indirect — bridges/locks)
  • Storm protection: Impact Windows/Doors
  • 2-car garage
Consider
  • In a higher-risk flood zone (AE) — flood insurance likely required
Location convenienceModerate
Hospital
9.1 mi
Cape Coral Hospital
Beach
18.5 mi
Sanibel Island
Airport
15.1 mi
Page Field (Fort Myers)
Shopping
8.8 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.