3 Bed SingleFamilyResidence for Sale in Cape Coral
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SoldMLS# 2026028972

$274,900

3 Bed SingleFamilyResidence for Sale in Cape Coral

1140 SW 42nd Terrace, Cape Coral, FL, 33914

3 beds2 baths1,744 sqft2 garage
GatedBoating

About this home

MULTIPLE OFFERS. This is the kind of opportunity SAVVY BUYERS look for—a great location, a well-maintained home with the freedom to make it their own and a GREAT PRICE. The neighborhood is already established, the home is move-in ready, and you can update the cosmetic finishes over time as your budget and personal style allow, creating sweat equity with every improvement. Built in 1993, this well-maintained CONCRETE BLOCK home offers 1,744 square feet of living area with 3 BEDROOMS, 2 BATHROOMS and a 2-CAR GARAGE. Natural light fills the home and CATHEDRAL CEILINGS are carried out in every room. This home has been lovingly cared for through the years and, while many of the finishes are original, they have been well maintained. Primary bathroom has received a tasteful update with a white and gray marble counter, shaker-style cabinetry and updated fixtures, offering a glimpse of how easily this home can be transformed into something truly special. MANY great features like a METAL ROOF, REPLUMBED WATER LINES, POCKETING SLIDERS and a HURRICANE-REINFORCED GARAGE DOOR. Storm protection is already in place with a combination of ACCORDION SHUTTERS, MANUAL HURRICANE SHUTTERS and a MANUAL KEVLAR ROLL-DOWN SHUTTER protecting the lanai, providing valuable peace of mind during storm season. Step outside and you’ll discover a beautiful oasis—a LARGE, PRIVATE, LUSHLY LANDSCAPED BACKYARD with SOUTHERN REAR EXPOSURE, offering sunshine on your future pool all day long. There’s plenty of room to add the custom pool you’ve always envisioned while still enjoying exceptional privacy created by mature landscaping. Southwest Cape Coral continues to be one of the city’s most sought-after locations because of its established neighborhoods, beautifully maintained homes, nearby parks, library, excellent boating access, outstanding restaurants, shopping and convenient access to both Cape Coral and Fort Myers. Whether you’re headed to waterfront dining, enjoying nearby Gulf beaches, spending the day on the water or simply taking an evening walk through the neighborhood, it’s easy to understand why so many people choose to call Southwest Cape Coral home. Even better, this property is located in a NO FLOOD ZONE, so flood insurance is not required by most lenders. CITY WATER AND SEWER are in place with ALL ASSESSMENTS PAID, there is NO HOA and the neighborhood is both PET FRIENDLY and RENTAL FRIENDLY. FHA and VA financing are welcome, making this one of the best opportunities currently available for buyers looking to purchase a solid home in a fantastic neighborhood at an affordable price. If you’ve been searching for a home with great bones, an outstanding location and unlimited potential, this may be the opportunity you’ve been waiting for. Your Pinterest board just found its perfect starting point!

Property details

Type
SingleFamilyResidence
Year built
1993
Interior
1,744 sqft
Lot size
10,018.8 sqft
Acreage
0.23 acres
Garage
2 car
Days on market
4
Total association fees
None
CDD
None
Est. taxes (1.4%)
$3,849/yr
Flood zone (area est.)
Yes · High risk (AE)
Storm protection
Shutters
Exposure
South
Waterfront
No
Gulf access
No
Gulf access type
N/A
Pool
No
Spa
No
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.

Below marketThis home is priced below comparable recent sales, a potential value.
This home
$158/sqft
Comp median
$181/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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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
4622 SW 12th Place 224Jul 2026$240,0003/21,652$145
1804 Beach ParkwayNov 2025$290,0003/21,551$187
4413 SW 6th PlaceSep 2025$315,0003/21,675$188
3712 SW 6th AvenueJun 2026$286,0003/21,630$175
Average4 comps$282,750$174

Market trends, Cape Coral

Median list
$399,900
Median $/sqft
$234
Median sold (90d)
$389,900
Avg days on market
95
Active listings
2,509
Median sold price · Cape Coral
$389,400last 3 months9% vs $357,250 prior 3 months
Median closed price by month · Cape Coral
8.4% MoM19.7% YoY
$340k$383k$425kJul ’25Aug ’26
$425,000Aug ’26 · 153 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

Up $1,100 (0.4%) from the original list price.

Aug 6, 2026Sold$276,000
Jul 6, 2026Listed$274,900

The good, the trade-offs & the location

Pros
  • Storm protection: Shutters
  • 2-car garage
Consider
  • Built 1993 — pre-2002 construction may carry older wind codes and higher insurance
  • In a higher-risk flood zone (AE) — flood insurance likely required
Location convenienceHigh
Hospital
5.4 mi
Cape Coral Hospital
Beach
8.9 mi
Fort Myers Beach
Airport
8.5 mi
Page Field (Fort Myers)
Shopping
6.5 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.