$489,000
3 Bed 2 Bath Pool Waterfront SingleFamilyResidence for Sale in CAPE CORAL, FL
1322 SE 42nd Street, Cape Coral, FL, 33904
About this home
Newly Updated Open Concept Three-Bedroom, Two-Bath Waterfront Pool Home in the Desirable Southeast Neighborhood of Cape Coral! Impact-resistant windows and sliders provide added protection and peace of mind. This waterfront home has a Southwest exposure on the Raliegh Canal and is just a 5 minute idle to the Caloosahatchee River and you're on your way to the Gulf of America, offering easy access to world-class fishing, kayaking, and boating. The concrete dock is perfect for fishing and kayaking and comes with a 6000 lb. boat lift. Despite its close proximity to the water, the property has no history of water intrusion and has affordable flood insurance which is Assumable, so you can feel secure in your investment. Outdoor living is a dream here! Relax on the screened lanai with a mix of shaded and sunlit decking, or cool off in the large solar heated pool with Pentair electronic pump and filter new in 2021. New solar panels in 2021. Ready for salt water configuration. (salt cell included) The hot water tank was replaced in 2019. HVAC, Roof and Kitchen were upgraded in 2021. Electric service was upgraded in 2018. Whether you're heading out on your boat to explore nearby fishing estuaries, world-renowned beaches, or many waterfront restaurants, this home offers the ultimate Florida lifestyle. The exterior is freshly painted and the home is move in ready! Turnkey option available.
Property details
- Type
- SingleFamilyResidence
- Year built
- 1972
- Interior
- 1,393 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 1 car
- Days on market
- 170
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $6,846/yr
- Flood zone (area est.)
- No · Low risk (X)
- Storm protection
- Impact Windows/Doors
- Exposure
- Southwest
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- Yes
- 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.
Based on the $/sqft of 6 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.
Seeing several homes? Build a tour and we'll route it for you.
Your notes on this home
Keep private notes on this home — what you love, what to ask about — saved to your account and shared with your agent.
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 |
|---|---|---|---|---|---|
| 1301 SE 40th Terrace | Jan 2026 | $546,000 | 3/2 | 1,466 | $372 |
| 3814 SE 13th Avenue | Jan 2026 | $465,000 | 3/2 | 1,478 | $315 |
| 1623 SE 39th Terrace | Jul 2026 | $439,000 | 3/2 | 1,479 | $297 |
| 913 SE 43rd Terrace | Feb 2026 | $420,000 | 2/2 | 1,268 | $331 |
| 726 SE 43rd Terrace | Dec 2025 | $480,000 | 3/2 | 1,325 | $362 |
| 1929 SE 40th Terrace 2 | Mar 2026 | $428,800 | 2/2 | 1,250 | $343 |
| Average | 6 comps | $463,133 | $337 |
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 $64,900 (13%) from the original list price.
| Feb 10, 2026 | Sold | $435,000 |
| Dec 10, 2025 | Price reducedfrom $495,000 | $489,000 |
| Aug 6, 2025 | Listed | $499,900 |
The good, the trade-offs & the location
- Lower flood risk (zone X)
- Private pool
- Waterfront
- Storm protection: Impact Windows/Doors
- Built 1972 — 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.
Similar homes nearby
$550,000
MLS# 2260227811433 SE 28th Terrace, Cape Coral, FL, 33904
$524,900
MLS# 2026027931131 SW 35th Terrace, Cape Coral, FL, 33914
$563,900
MLS# 2026011671107 SE 39th Street, Cape Coral, FL, 33904
$575,000
MLS# 2260158324305 SE 1st Avenue, Cape Coral, FL, 33904
$550,000
MLS# 20260177943226 SE 2nd Avenue, Cape Coral, FL, 33904
$475,000
MLS# 20260167481437 Vendome Court, Cape Coral, FL, 33904
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.