$490,000
3 Bed 2 Bath Waterfront SingleFamilyResidence for Sale in CAPE CORAL, FL
119 SW 39th Place, Cape Coral, FL, 33991
About this home
Sometimes you just need a Beautiful Home, located on a Gulf Access Canal for quick Boating to Open Water/Fishing and a Spa to relax in at the end of the day… Oh... and with the BEST PRICE West of Burnt Store Road!!! Check out this opportunity…NEVER Flooded and Flood Insurance is $818/year. This is the Only Home West of Burnt Store Road that is Gulf Access and Priced $515K or Under in Cape Cora on a Gulf Access Canal!!! Meticulously maintained.. so well in fact "grandma would be proud to say it is Clean as a Whistle"! With upgraded kitchen and full wall of cabinets in the kitchen nook, granite counter tops, stainless steel appliances, pantry and furniture is negotiable. The Split Bedroom floorplan offers a nice separation with the Great Room, Kitchen, and Formal Dining in the middle. Outside there is two large screen in areas, one for the Spa which has a beautiful view of the canal and the other to sit back and relax on your back porch (which we call "lanai"). For the Boaters and Explorers this home comes with a boat lift and a kayak lift! Its location is the BEST...located near the village of Matlacha; Pine Island and boating to Matlacha pass a navigable waterway for the BEST fishing and BEST local Dining Experiences. The always expanding Pine Island Road corridor offers all the major stores for shopping and more restaurants/entertainment...don't have to travel far for this either. Also, this home will be extra special when the Newly Planned Seven Islands Project comes out of the ground offering resort type amenities just a stone throw away. The Islands are your backyard. The nearby city of Punta Gorda is short run up the road and has more local attractions to take in and enjoy. Come take a look and better yet...make this your new HOME!!!
Property details
- Type
- SingleFamilyResidence
- Year built
- 2002
- Interior
- 1,611 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 2 car
- Days on market
- 101
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $6,860/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
- Yes
- Natural gas
- No
- Water
- Assessment Unpaid
- Sewer
- Assessment Unpaid
- 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 |
|---|---|---|---|---|---|
| 3531 SW 5th Street | May 2026 | $375,000 | 3/2 | 1,414 | $265 |
| 3318 SW 2nd Street | Feb 2026 | $530,000 | 3/2 | 1,703 | $311 |
| 3311 NW 2nd Street | Jan 2026 | $592,000 | 4/2 | 1,806 | $328 |
| Average | 3 comps | $499,000 | $301 |
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 $65,000 (12.6%) from the original list price.
| Apr 3, 2026 | Sold | $450,000 |
| Feb 7, 2026 | Price reducedfrom $500,000 | $490,000 |
| Nov 20, 2025 | Listed | $515,000 |
The good, the trade-offs & the location
- Built 2002 — post-2002 Florida wind codes (typically lower insurance)
- Waterfront
- 2-car garage
- 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.