3 Bed Pool Home for Sale in Cape Coral
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For SaleMLS# 2026011327

$1,179,000

3 Bed Pool Home for Sale in Cape Coral

821 NW 38th Avenue, Cape Coral, FL, 33993

3 beds3 baths2,312 sqft2 garage
GatedBoatingWaterfront

About this home

This stunning home is ready for you NOW! No waiting for permits and no additional expenses because this property already features OVER $80,000 in premium dock upgrades; including paver captain's walk, wrap around composite dock, covered boat slip with 10k lb. boat lift, and custom tiki hut for lounging. Experience the best of Southwest Florida waterfront living in this beautifully designed Key Biscayne II model by Frey & Son Homes, built in 2021 and ideally located on the Monamink Canal with only one bridge to the Gulf of Mexico (10' clearance).  This stunning 3-bedroom + den, 3-bath home offers 2,321 sq ft of thoughtfully designed living space with an open floor plan perfect for entertaining. The spacious living area features custom accent wall with built-in cabinetry, tray ceilings, and a sliding glass door that fully pocket to create seamless indoor-outdoor living. The gourmet kitchen and custom wine bar flows effortlessly into the main living area and outdoor space, making it ideal for gatherings. Step outside to your private waterfront oasis featuring a saltwater pool with sun shelf and waterfall spa, a picture-window screen enclosure, and a paver lanai with a pool bath. The backyard continues to impress with a composite dock, paver captain’s walk, 12' x 12' tiki hut, and a 10,000 lb speed lift with a 30’ covered slip—perfect for boating enthusiasts. The primary suite offers a sliding glass door overlooking the pool and canal, a tray ceiling, and a custom walk-in closet with built-ins. The luxurious primary bath includes dual sinks, a soaking tub, walk-in shower, and additional storage. The second bedroom is an ensuite with a private bath and walk-in closet, while the third bedroom enjoys beautiful pool and canal views. A bright den with double glass doors provides the perfect office or flex space. Additional features include:  wine cooler, custom vinyl plantation shutters and motorized roll-down shades on all windows and doors, motorized hurricane shutter on the lanai window and front door, extra-deep 2-car garage with epoxy flooring, tile roof, mature landscaping for privacy, paver driveway and the lanai is pre-wired and pre-plumbed for an outdoor kitchen. Enjoy abundant Florida wildlife right from your backyard, including nesting eagles, owls, cranes, manatees, dolphins, loads of fish and more. The location is unbeatable—just a short walk to the future 7 Islands Development, Cape Coral’s newest waterfront destination planned to include a marina, resort-style pool, restaurants, hotel, shopping, and entertainment.  Whether you are fishing from your dock or just enjoying the sunset, this home truly offers the perfect combination of luxury, boating access, and prime location.

Property details

Type
SingleFamilyResidence
Year built
2021
Interior
2,312 sqft
Lot size
10,018.8 sqft
Acreage
0.23 acres
Garage
2 car
Days on market
172
Total association fees
None
CDD
None
Est. taxes (1.4%)
$16,506/yr
Flood zone (area est.)
Yes · High risk (AE)
Storm protection
Impact Windows/Doors
Exposure
East
Waterfront
Yes
Gulf access
Yes
Gulf access type
Direct — no bridges
Pool
Yes
Spa
Yes
Natural gas
No
Water
Not specified
Sewer
Septic Tank
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.

At marketThis home is priced in line with comparable recent sales.
This home
$510/sqft
Comp median
$536/sqft
Difference
-5%

Based on the $/sqft of 6 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.

AddressSoldSold priceBeds/BathsSq ft$/sqft
903 NW 38th AvenueDec 2025$1,160,0003/32,200$527
831 Old Burnt Store RoadApr 2026$1,220,0003/32,244$544
1255 NW 35th AvenueDec 2025$1,200,0003/22,473$485
1216 NW 32nd PlaceJul 2026$1,060,0003/32,245$472
3403 NW 3rd TerraceJan 2026$1,315,0003/32,200$598
128 NW 39th AvenueJul 2026$1,350,0004/32,307$585
Average6 comps$1,217,500$535

Market trends, Cape Coral

Median list
$399,000
Median $/sqft
$232
Median sold (90d)
$385,000
Avg days on market
94
Active listings
2,481
Median sold price · Cape Coral
$385,000last 3 months7.2% vs $359,000 prior 3 months
Median closed price by month · Cape Coral
1.3% MoM8.4% YoY
$340k$365k$390kJul ’25Aug ’26
$384,750Aug ’26 · 413 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 $46,000 (3.8%) from the original list price.

Aug 25, 2026Price reducedfrom $1,189,000$1,179,000
Mar 6, 2026Listed$1,225,000

The good, the trade-offs & the location

Pros
  • Built 2021 — post-2002 Florida wind codes (typically lower insurance)
  • Private pool
  • Gulf access (Direct — no bridges)
  • Storm protection: Impact Windows/Doors
  • 2-car garage
Consider
  • In a higher-risk flood zone (AE) — flood insurance likely required
Location convenienceHigh
Hospital
7.1 mi
Cape Coral Hospital
Beach
16.1 mi
Sanibel Island
Airport
13 mi
Page Field (Fort Myers)
Shopping
7 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.