3 Bed Waterfront Home for Sale in Cape Coral
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For SaleMLS# 2025018313

$385,900

3 Bed Waterfront Home for Sale in Cape Coral

903 NE 23rd Street, Cape Coral, FL, 33909

3 beds3 baths1,666 sqft2 garage
BoatingWaterfront

About this home

Calling to all investors !! Discover this beautiful, newly-built 3-bedroom + den, 3-bathroom canal-front home offering both style and function. Located in a prime area, this home is a super convenient choice for easy access to all local amenities and main roads like Del Prado and Pine Island, Downtown Fort Myers, and Downtown Cape Coral. Since the property is in the NE, it’s a great location because it has easy access to the main roads. The home features soaring ceilings, large impact windows, and a sleek, modern design. The spacious chef’s kitchen is equipped with quartz waterfall countertops, custom cabinetry, stainless steel appliances, and bold black finishes. The owner’s suite is a true retreat, with a spacious walk-in closet and a spa-like bathroom featuring double vanities and a frameless glass shower. Two additional bathrooms are elegantly designed with designer fixtures. The versatile den can be used as a home office, playroom, or even a potential fourth bedroom. One of the bedrooms includes a private entrance and bathroom, making it a perfect space for rental income or privacy. Step outside to the covered lanai with peaceful canal views, ideal for relaxation or entertaining. Additional features include a 2-car garage with epoxy floors, and a interior laundry room. This home has no HOA and no rental restrictions, offering maximum flexibility. It’s ready to move-in!

Property details

Type
SingleFamilyResidence
Year built
2025
Interior
1,666 sqft
Lot size
10,018.8 sqft
Acreage
0.23 acres
Garage
2 car
Days on market
129
Total association fees
None
CDD
None
Est. taxes (1.4%)
$5,403/yr
Flood zone (area est.)
No · Low risk (X)
Storm protection
Impact Windows/Doors
Exposure
South
Waterfront
Yes
Gulf access
No
Gulf access type
N/A
Pool
No
Spa
No
Natural gas
No
Water
Well
Sewer
Septic Tank
New construction
Yes
Pets
Yes
County
Lee

Maintenance included in the fee

Other

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.

At marketThis home is priced in line with comparable recent sales.
This home
$232/sqft
Comp median
$222/sqft
Difference
+5%

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.

AddressSoldSold priceBeds/BathsSq ft$/sqft
2022 NE 9th AvenueJul 2026$344,8003/21,550$222
2201 NE 5th PlaceMar 2026$330,0004/21,828$181
822 NE 19th StreetJul 2026$389,0003/31,561$249
Average3 comps$354,600$217

Market trends, Cape Coral

Median list
$399,000
Median $/sqft
$233
Median sold (90d)
$385,000
Avg days on market
94
Active listings
2,460
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 $13,100 (3.3%) from the original list price.

Nov 21, 2025Price reducedfrom $394,999$385,900
Nov 3, 2025Listed$399,000

The good, the trade-offs & the location

Pros
  • Built 2025 — post-2002 Florida wind codes (typically lower insurance)
  • New construction
  • Lower flood risk (zone X)
  • Waterfront
  • Storm protection: Impact Windows/Doors
  • 2-car garage
Location convenienceHigh
Hospital
4.3 mi
Cape Coral Hospital
Beach
16.8 mi
Fort Myers Beach
Airport
9.4 mi
Page Field (Fort Myers)
Shopping
3.2 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.