$699,900
3 Bed Waterfront Home for Sale in Cape Coral
2828 NW 46th Avenue, Cape Coral, FL, 33993
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.
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.
| Address | Sold | Sold price | Beds/Baths | Sq ft | $/sqft |
|---|---|---|---|---|---|
| 4240 NW 31st Terrace | May 2026 | $765,000 | 4/2 | 2,330 | $328 |
| 2809 NW 41st Avenue | Dec 2025 | $800,000 | 3/3 | 2,322 | $345 |
| 3015 NW 41st Avenue | Feb 2026 | $795,000 | 3/2 | 2,396 | $332 |
| 4009 Jacaranda Parkway | Jul 2026 | $750,000 | 4/3 | 2,295 | $327 |
| Average | 4 comps | $777,500 | $333 |
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 $140,000 (18.1%) from the original list price.
| Jul 16, 2026 | Sold | $635,000 |
| Apr 30, 2026 | Price reducedfrom $775,000 | $699,900 |
| Apr 2, 2026 | Back on market | |
| Feb 17, 2026 | Listed | $775,000 |
The good, the trade-offs & the location
- Built 2005 — post-2002 Florida wind codes (typically lower insurance)
- Gulf access (Indirect — bridges/locks)
- Storm protection: Impact Windows/Doors
- 2-car garage
- 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.