3 Bed 2 Bath SingleFamilyResidence for Sale in CAPE CORAL, FL
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SoldMLS# 226010868

$265,000

3 Bed 2 Bath SingleFamilyResidence for Sale in CAPE CORAL, FL

408 SW 37TH Terrace, Cape Coral, FL, 33914

3 beds2 baths1,764 sqft2 garage
Gated

About this home

Opportunity Awaits in Beautiful Cape Coral! This 3-bedroom 2-bath, two-story single-family home sits on a generous 0.23 acre lot, offering plenty of space and potential to make it truly your own. This home provides a solid foundation that's both durable and easy to maintain. With a little TLC, this property could easily be transformed into a true gem-perfect for homeowners looking to customize their dream space. The spacious lot offers room for outdoor living, entertaining, or future enhancements. For added peace of mind, the home is equipped with impact windows and hurricane shutters, helping keep the property protected and secure during Florida's storm season. Located in the desirable Cape Coral area, you'll enjoy the best of Southwest Florida living with nearby shopping, dining, and easy access to the waterways that make the area so popular. Don't miss this opportunity to unlock the potential of this promising property! Make your appointment today! All measurements are approximate and must be verified by the buyer and/or the buyer's agent.

Property details

Type
SingleFamilyResidence
Year built
1984
Interior
1,764 sqft
Lot size
10,018.8 sqft
Acreage
0.23 acres
Garage
2 car
Days on market
12
Total association fees
None
CDD
None
Est. taxes (1.4%)
$3,710/yr
Flood zone (area est.)
No · Low risk (X)
Storm protection
Impact Windows/Doors
Exposure
North
Waterfront
No
Gulf access
No
Gulf access type
N/A
Pool
No
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.

Below marketThis home is priced below comparable recent sales — a potential value.
This home
$150/sqft
Comp median
$164/sqft
Difference
-9%

Based on the $/sqft of 4 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.

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Your notes on this home

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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
3712 SW 6th AvenueJun 2026$286,0003/21,630$175
403 SW 34th StreetFeb 2026$295,0003/31,929$153
245 SW 32nd TerraceApr 2026$295,0003/21,871$158
4305 SW 1st PlaceApr 2026$275,0003/21,621$170
Average4 comps$287,750$164

Market trends — Cape Coral

Median list
$399,999
Median $/sqft
$234
Median sold (90d)
$384,900
Avg days on market
93
Active listings
2,525
Median sold price · Cape Coral
$382,000last 3 months7% vs $356,900 prior 3 months
Median closed price by month · Cape Coral
2.6% MoM11.3% YoY
$340k$368k$395kJul ’25Jul ’26
$395,000Jul ’26 · 314 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 $11,000 (3.9%) from the original list price.

May 6, 2026Sold$269,000
Apr 1, 2026Back on market
Mar 16, 2026Price reducedfrom $280,000$265,000
Mar 12, 2026Listed$280,000

The good, the trade-offs & the location

Pros
  • Lower flood risk (zone X)
  • Storm protection: Impact Windows/Doors
  • 2-car garage
Consider
  • Built 1984 — pre-2002 construction may carry older wind codes and higher insurance
Location convenienceHigh
Hospital
4.2 mi
Cape Coral Hospital
Beach
9.2 mi
Fort Myers Beach
Airport
7.4 mi
Page Field (Fort Myers)
Shopping
5.4 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.