$999,950
3 Bed Waterfront Home for Sale in Cape Coral
111 SW 49th Terrace, Cape Coral, FL, 33914
About this home
RARE-RARE FIND ***** 250+ SEAWALL FRONTAGE ON WATER **** ATTENTION ALL BUILDERS - ATTENTION ALL INVESTORS ***** DONT MISS OUT ON THIS AMAZING OPPORTUNITY ***** THIS JUST MIGHT BE THE OPPORTUNITY YOU’VE BEEN WAITING FOR***** THIS AMAZING - OVERSIZED INTERSECTING LOCATION ***** ON DIRECT ACCESS CANAL LOCATION ***** JUST ABOUT 2 MINUTES TO THE RIVER VIA DEEP WATER CANAL ***** PARK YOUR 60ft+ YAUGHT ***** NOT A PROBLEM ! . CONTRACTORS - DEVELOPERS- INVESTORS ***** REBUILD OR KNOCK DOWN OR FRESH SLATE ***** YOUR BEST CHOICE ! HAMMER HEAD LOT END OF A CUL-DE-SAC ***** THIS IS A INVESTOR/REMODELERS PARADISE WATER, DAMAGED HOME***** BRING YOUR TOOL BELTS AND MAKE TONS OF SWEAT EQUITY OR KNOCK DOWN AND BUILD YOUR AMAZING DREAM HOME ON THIS OVERSIZED DIRECT ACCESS LOT
Property details
- Type
- SingleFamilyResidence
- Year built
- 1976
- Interior
- 2,215 sqft
- Lot size
- 11,891.88 sqft
- Acreage
- 0.27 acres
- Garage
- 2 car
- Days on market
- 198
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $13,999/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- East
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Assessment Paid
- Sewer
- Public Sewer
- New construction
- No
- Pets
- Yes
- County
- Lee
Amenities
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 10 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 |
|---|---|---|---|---|---|
| 4937 Triton Court | Jun 2026 | $1,000,000 | 3/2 | 2,251 | $444 |
| 5205 Tiffany Court | Aug 2026 | $875,500 | 3/2 | 2,217 | $395 |
| 127 SW 53rd Terrace | Feb 2026 | $1,070,000 | 3/2 | 2,250 | $476 |
| 5024 SW Pelican Boulevard | Jan 2026 | $1,060,000 | 3/3 | 2,198 | $482 |
| 5267 Stratford Court | Apr 2026 | $835,000 | 3/2 | 2,263 | $369 |
| 5320 SW 3rd Avenue | Nov 2025 | $1,150,000 | 3/3 | 2,244 | $512 |
| Average | 6 comps | $998,417 | $446 |
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 $250,050 (20%) from the original list price.
| Mar 9, 2026 | Price reducedfrom $1,250,000 | $999,950 |
| Nov 11, 2025 | Listed | $1,250,000 |
The good, the trade-offs & the location
- 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.
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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.