$355,000
3 Bed 2 Bath Pool Waterfront SingleFamilyResidence for Sale in CAPE CORAL, FL
1503 SE 23rd Terrace, Cape Coral, FL, 33990
About this home
Gulf access pool home with strong potential, located in a desirable SE Cape Coral neighborhood with city water and sewer in and paid. This 3-bedroom, 2-bath, 2-car garage CBS home sits on a canal with a short boat ride to the river, offering quick access to open water. The existing boat dock adds value for boating enthusiasts. The layout includes separate living and family rooms, as well as a formal dining area. A fireplace adds a cozy focal point to the main living space, enhancing the home's charm. The kitchen features a pass-through window that opens to the spacious 30x10 under-truss lanai—ideal for outdoor living. Four sets of double sliding glass doors connect the interior living areas to the lanai, bringing in natural light and creating a fluid connection between indoor and outdoor spaces. The primary bedroom has direct access to the lanai and includes a walk-in closet and the guest bathrooms serves as a convenient pool bath, providing easy access from the outdoor area. The home is in need of extensive updating, including a new roof, but does offer a 2018 air conditioning system and a solid layout to build upon for future improvements. The pool is a generous 13x30 in size, providing ample space for relaxation or entertaining in a private backyard setting. Conveniently located just 4 miles from downtown Cape Coral and within close reach of dining, entertainment, and schools. Southwest Florida International Airport is approximately 19 miles away, and Florida South Western State College is about 7 miles from the property. Access to Fort Myers is also nearby, making this an ideal location for future value. This property offers a rare opportunity to renovate a Gulf access pool home in an established area with solid structural elements already in place. Cash or renovation loan offers only due to current condition.
Property details
- Type
- SingleFamilyResidence
- Year built
- 1981
- Interior
- 1,718 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 2 car
- Days on market
- 108
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $4,970/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- North
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- Yes
- Spa
- No
- Natural gas
- No
- Water
- Assessment Paid
- Sewer
- Assessment Paid
- New construction
- No
- Pets
- Yes
- County
- Lee
Amenities
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 |
|---|---|---|---|---|---|
| 1312 SE 25th Lane | Jan 2026 | $318,500 | 4/3 | 1,672 | $190 |
| 1121 SE 23rd Terrace | Aug 2025 | $350,000 | 3/2 | 1,597 | $219 |
| 1117 SE 22nd Street | Sep 2025 | $350,000 | 3/2 | 1,634 | $214 |
| 1105 SE 22nd Street | Sep 2025 | $365,000 | 3/2 | 1,825 | $200 |
| Average | 4 comps | $345,875 | $206 |
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 $35,000 (9.9%) from the original list price.
| Mar 27, 2026 | Sold | $320,000 |
| Nov 7, 2025 | Listed | $355,000 |
The good, the trade-offs & the location
- Private pool
- Waterfront
- 2-car garage
- Built 1981 — pre-2002 construction may carry older wind codes and higher insurance
- 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.