$475,000
3 Bed 2 Bath Pool Waterfront SingleFamilyResidence for Sale in CAPE CORAL, FL
3502 SE 16th Place, Cape Coral, FL, 33904
About this home
This property is a fixer upper but has tremendous value and opportunity for a buyer willing to take on a few projects. Welcome to your new waterfront retreat in in SE Cape Coral, offering direct Gulf access with no bridges. Situated on high ground in flood zone X500, this concrete block home has never come close to flooding and comes equipped with a durable metal roof and metal hurricane shutters for peace of mind. This beautifully remodeled home spans over 1,800 sq ft and features 3 spacious bedrooms, a den, and 2 bathrooms. The living spaces flow seamlessly through three sliding glass doors, leading out to the pool lanai, where you can relax and enjoy stunning sunsets with the home’s western exposure. The large concrete in-ground pool is perfect for year-round enjoyment. Inside, the home boasts tile throughout, with a modern kitchen showcasing granite countertops, a large island, an expansive tile backsplash, sleek cabinetry, and stainless steel appliances. The primary suite features a double-sink vanity and a tile walk-in shower, while the guest bathroom also offers a double-sink vanity and a bathtub with tile walls. This guest bathroom doubles as the pool bath for added convenience. All water, sewer, and irrigation assessments have been paid, making this home even more desirable. The Palaco Grande neighborhood offers a vibrant community with optional association activities like block parties and monthly happy hours, with no HOA rules or mandatory fees. Located approximately 20-minutes from Fort Myers Beach and close to shopping, schools, restaurants, and other amenities, this home is ideal for an Airbnb vacation rental, a winter retreat, or your everyday paradise.
Property details
- Type
- SingleFamilyResidence
- Year built
- 1986
- Interior
- 1,845 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 2 car
- Days on market
- 23
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $6,650/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- Shutters
- Exposure
- West
- Waterfront
- Yes
- Gulf access
- Yes
- Gulf access type
- Direct — no bridges
- Pool
- Yes
- Spa
- No
- Natural gas
- No
- Water
- Assessment Paid
- Sewer
- Assessment Paid
- New construction
- No
- Pets
- Yes
- County
- Lee
Maintenance included in the fee
What the association dues cover, per the MLS. Confirm the full schedule with the HOA.
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.
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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.
| Address | Sold | Sold price | Beds/Baths | Sq ft | $/sqft |
|---|---|---|---|---|---|
| 1832 Palaco Grande Parkway | Apr 2026 | $469,900 | 3/2 | 1,767 | $266 |
| 1413 SE 38th Street | Feb 2026 | $515,000 | 3/2 | 1,841 | $280 |
| 3110 SE 19th Avenue | Oct 2025 | $515,000 | 3/2 | 1,972 | $261 |
| 3813 SE 12th Place | Jul 2026 | $530,000 | 3/2 | 1,743 | $304 |
| 3414 SE 11th Place | Jan 2026 | $414,900 | 3/2 | 1,808 | $229 |
| 1124 SE 31st Street | Jun 2026 | $485,000 | 3/2 | 1,737 | $279 |
| Average | 6 comps | $488,300 | $270 |
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 $23,000 (4.6%) from the original list price.
| Jun 9, 2026 | Sold | $475,000 |
| May 4, 2026 | Price reducedfrom $498,000 | $475,000 |
| Apr 14, 2026 | Listed | $498,000 |
The good, the trade-offs & the location
- Private pool
- Gulf access (Direct — no bridges)
- Storm protection: Shutters
- 2-car garage
- Built 1986 — 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.