$690,000
3 Bed 3 Bath Pool Waterfront SingleFamilyResidence for Sale in CAPE CORAL, FL
124 SW 56th Terrace, Cape Coral, FL, 33914
About this home
Ultimate boating location with IMMEDIATE DIRECT SAILBOAT ACCESS less than 5 MINUTES to open water. Located on a quiet cul-de-sac street this property one of the most desirable boating locations in SW Cape Coral. The home enjoys SUNNY SOUTHERN EXPOSURE for the HEATED POOL and the spacious lanai creates the perfect setting for relaxing afternoons or entertaining guests. Additionally, there is a convenient pool bath. Inside, the residence has been impeccably maintained and FULLY UPDATED featuring a newer roof and plumbing plus a beautifully REMODELED KITCHEN AND BATHROOMS. With over 1800 ft. living area the home offers 3 bedrooms, 3 FULL BATHS, and a 2 car garage. For serious boaters, the waterfront setup is exceptional, highlighted by a 13,000-POUND BOAT LIFT capable of accommodating larger vessels with ease. Currently operating as a successful vacation rental the property offers immediate income potential while still serving as a fantastic personal retreat. PRICED NEAR LOT VALUE, this is an ideal opportunity: enjoy a move-in-ready waterfront home today, continue the vacation rental income, or as an amazing lot to build your waterfront dream home in one of Cape Coral’s most desirable boating locations.
Property details
- Type
- SingleFamilyResidence
- Year built
- 1968
- Interior
- 1,842 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 2 car
- Days on market
- 81
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $9,660/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- Impact Windows/Doors
- Exposure
- South
- 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
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 7 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 |
|---|---|---|---|---|---|
| 135 SW 56th Terrace | Nov 2025 | $620,000 | 3/2 | 1,668 | $372 |
| 141 SW 54th Terrace | Jun 2026 | $692,500 | 4/2 | 1,749 | $396 |
| 5318 Congo Court | Jun 2026 | $625,000 | 3/2 | 1,657 | $377 |
| 5134 SW 3rd Avenue | Nov 2025 | $782,500 | 3/2 | 1,954 | $400 |
| 5306 Cortez Court | Mar 2026 | $775,000 | 3/2 | 1,898 | $408 |
| 126 SW 49th Street | Oct 2025 | $690,000 | 3/2 | 1,674 | $412 |
| Average | 6 comps | $697,500 | $394 |
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 $40,000 (5.8%) from the original list price.
| Jun 17, 2026 | Sold | $650,000 |
| Mar 9, 2026 | Listed | $690,000 |
The good, the trade-offs & the location
- Private pool
- Waterfront
- Storm protection: Impact Windows/Doors
- 2-car garage
- Built 1968 — 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.