$599,900
3 Bed Waterfront Home for Sale in Cape Coral
142 SW 51st Terrace, Cape Coral, FL, 33914
About this home
Direct Gulf access luxury waterfront living awaits in this beautifully updated coastal retreat. Featuring a dock and lift (12,000 LB), this exceptional home offers quick access to the river and effortless boating The interior showcases solid wood Cherry cabinetry, granite countertops, and a hammered sink in the kitchen, blending style with quality craftsmanship. The spacious primary suite features a wall of windows with stunning water views, while the spa-like primary bath creates a serene private escape. An oversized guest bedroom with room for a sitting area, an updated guest bath, and an extended lanai make this home ideal for comfortable living and entertaining. Additional highlights include a metal roof (3 years old), extra-deep oversized garage, southern exposure, and a beautiful neighborhood setting.
Property details
- Type
- SingleFamilyResidence
- Year built
- 1965
- Interior
- 1,700 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 2 car
- Days on market
- 305
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $8,399/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- South
- Waterfront
- Yes
- Gulf access
- Yes
- Gulf access type
- Direct — no bridges
- 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 3 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 |
|---|---|---|---|---|---|
| 5050 Sorrento Court | Aug 2026 | $620,000 | 3/3 | 1,610 | $385 |
| 5315 Pelican Boulevard | Feb 2026 | $635,000 | 3/2 | 1,513 | $420 |
| 4910 Sorrento Court | Apr 2026 | $525,000 | 3/2 | 1,768 | $297 |
| Average | 3 comps | $593,333 | $367 |
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 $120,100 (16.7%) from the original list price.
| May 29, 2026 | Price reducedfrom $640,000 | $599,900 |
| Sep 30, 2025 | Listed | $720,000 |
The good, the trade-offs & the location
- Gulf access (Direct — no bridges)
- 2-car garage
- Built 1965 — 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.