$289,900
3 Bed 2 Bath Waterfront SingleFamilyResidence for Sale in CAPE CORAL, FL
223 SE 16th Street, Cape Coral, FL, 33990
About this home
**$10,000 PRICE REDUCTION** **WATERFRONT HOME WITH ALL ASSESSMENTS PAID** Seize this rare opportunity to own a 3-bedroom, 2-bathroom waterfront home in Cape Coral, priced to impress with all assessments paid and no flood insurance required! Spanning 1,480 sq ft, this move-in-ready gem features an open-concept layout with new luxury vinyl flooring and abundant natural light showcasing serene canal views. The modern kitchen shines with granite countertops, stainless steel appliances, and ample storage. The primary suite offers a spacious walk-in shower, while two versatile bedrooms suit guests or a home office. Step outside to a covered, screened lanai overlooking a newly fenced backyard, ideal for relaxing or entertaining by the water. With a 2021 roof, this home is built to last. Centrally located near dining, shopping, and beaches, it’s perfect for boating or coastal living. Don’t miss this incredible value—schedule your showing today before it’s gone!
Property details
- Type
- SingleFamilyResidence
- Year built
- 1991
- Interior
- 1,480 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 2 car
- Days on market
- 60
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $4,059/yr
- Flood zone (area est.)
- No · Low risk (X)
- Storm protection
- Shutters
- Exposure
- North
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- 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 16 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 |
|---|---|---|---|---|---|
| 138 SE 18th Street | Jan 2026 | $315,000 | 3/2 | 1,507 | $209 |
| 618 SE 15th Terrace | Jul 2026 | $309,000 | 3/2 | 1,338 | $231 |
| 132 SE 19th Terrace | Nov 2025 | $305,000 | 3/2 | 1,563 | $195 |
| 150 SE 11th Terrace | Aug 2025 | $295,000 | 3/2 | 1,479 | $199 |
| 118 SW 13th Street | Dec 2025 | $295,000 | 3/2 | 1,404 | $210 |
| 1414 SW 2nd Avenue | May 2026 | $275,000 | 3/2 | 1,373 | $200 |
| Average | 6 comps | $299,000 | $207 |
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 $19,900 (6.6%) from the original list price.
| Nov 14, 2025 | Sold | $280,000 |
| Oct 3, 2025 | Price reducedfrom $299,900 | $289,900 |
| Aug 19, 2025 | Listed | $299,900 |
The good, the trade-offs & the location
- Lower flood risk (zone X)
- Waterfront
- Storm protection: Shutters
- 2-car garage
- Built 1991 — pre-2002 construction may carry older wind codes and higher insurance
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.