$535,000
3 Bed Pool Home for Sale in Cape Coral
1914 Ottersrest Lane, Cape Coral, FL, 33990
About this home
Welcome Home to all boaters, water enthusiasts or investors! LOCATION!!!This fully furnished, direct gulf access home is move in ready. Located just 1.1 miles to the beautiful Gulf waters and NO BRIDGES in your way, this is more than a home, it is a lifestyle. Boat right from your back yard complete with a 10,000 lb. boat lift, or just sit on the dock and soak up the sun and water views. With Southern rear exposure, there is no shortage of Florida sun that just naturally hugs you, especially during those long Northern winters. The inside is just as impressive as the outside, beautifully decorated with a natural flow that is both welcoming and spacious. Just off of the kitchen and dining area, step down into an additional enclosed space with large sliders that overlook your pool and water view. This is a perfect place to sip on your morning coffee , expand your dining options or create an additional living room space. The kitchen has been updated with white, sleek cabinetry, stainless steel appliances and versatile stone countertops. The bedrooms are situated in a split bedroom floorplan for ultimate privacy. This home is on a BEAUTIFUL STREET surrounded by new construction homes. A true hidden gem and absolutely worth a private viewing if you are considering the waterfront lifestyle of Cape Coral, FL! We can't wait for you to call this place home.
Property details
- Type
- SingleFamilyResidence
- Year built
- 1976
- Interior
- 1,661 sqft
- Lot size
- 9,539.64 sqft
- Acreage
- 0.22 acres
- Garage
- 2 car
- Days on market
- 69
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $7,490/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- 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 5 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 |
|---|---|---|---|---|---|
| 2204 SE 15th Terrace | Aug 2026 | $575,000 | 3/2 | 1,606 | $358 |
| 2302 SE 15th Terrace | Dec 2025 | $460,000 | 3/2 | 1,725 | $267 |
| 1506 SE 21st Terrace | Jul 2026 | $475,000 | 2/3 | 1,501 | $316 |
| 1305 SE 14th Street | May 2026 | $535,000 | 3/2 | 1,532 | $349 |
| 1317 SE 21st Street | Jan 2026 | $550,000 | 3/2 | 1,742 | $316 |
| Average | 5 comps | $519,000 | $321 |
Market trends, Island Cove of Cape Coral (Pondella)
Live community medians from the MLS · see all listings. Indicative, not an appraisal.
Price & status history
Down $23,000 (4.1%) from the original list price.
| Jul 10, 2026 | Price reducedfrom $548,000 | $535,000 |
| Jun 3, 2026 | Listed | $558,000 |
The good, the trade-offs & the location
- Private pool
- Waterfront
- 2-car garage
- Built 1976 — 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.
Similar homes nearby
$575,000
MLS# 20260343071334 SE 12th Terrace, Cape Coral, FL, 33990
$579,000
MLS# 20260186983009 SE 10th Avenue, Cape Coral, FL, 33904
$624,900
MLS# 202602944418 NE 6th Street, Cape Coral, FL, 33909
$589,990
MLS# 2026015598145 SE 17th Street, Cape Coral, FL, 33990
$635,000
MLS# 20260345793716 SW 11th Place, Cape Coral, FL, 33914
$599,900
MLS# 20260334253319 SE 17th Avenue, Cape Coral, FL, 33904
Similar communities
Matched by amenities, price tier, and location to Island Cove of Cape Coral (Pondella).
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.