$659,000
3 Bed Waterfront Home for Sale in Cape Coral
1024 SE 38th Street, Cape Coral, FL, 33904
About this home
This corner-unit residence at Peninsula 1024 offers an elevated waterfront lifestyle with expanded canal views and enhanced privacy. On the site plan this is Unit 1 'Model B'. Peninsula 1024 is designed as a modern two-story townhome, the layout features three bedrooms, two-and-a-half bathrooms, and a private one-car garage, all built with concrete block construction and impact-resistant windows and doors. A defining feature of this townhome is its private and personal boat slip, providing direct water access steps from the backyard. The residence maximizes waterfront living with thoughtful positioning, enhanced side exposure, and a layout that balances openness with privacy. The first floor presents an open living and dining area flowing into a contemporary kitchen with a central island. Full-height sliding glass doors connect the interior to a covered terrace and private backyard, creating a seamless transition to the outdoors. As a corner residence, the home benefits from additional windows and wider water views along the Rubicon Canal. Upstairs, the primary suite captures direct canal views and includes a walk-in closet and a refined en-suite bathroom. Two additional bedrooms share a full bathroom, each providing generous natural light. A dedicated study area at the top of the staircase offers space for a home office or reading nook. With approximately 2,075 sq ft total, this townhome combines modern design, durable construction, and the convenience of direct canal access within an exclusive eight-residence waterfront enclave.
Property details
- Type
- Townhouse
- Year built
- 2025
- Interior
- 1,566 sqft
- Lot size
- 25,256.088 sqft
- Acreage
- 0.58 acres
- Garage
- 1 car
- Days on market
- 59
- Total association fees
- $10,800/yr (~$900/mo)
- CDD
- None
- Est. taxes (1.4%)
- $9,226/yr
- Flood zone (area est.)
- No · Low risk (X)
- Storm protection
- Impact Windows/Doors
- Exposure
- Southwest
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Public
- Sewer
- Public Sewer
- New construction
- No
- Pets
- Yes
- County
- Lee
Total association fees sums the core association dues the MLS feed provides (HOA, condo/master association, and land lease), normalized to a yearly figure. These are separate from and additional to specialty charges, mandatory club or food-and-beverage minimums, special assessments, and rec-lease fees, which the IDX feed does not carry. Always confirm the full fee schedule with the HOA or listing agent.
Maintenance included in the fee
What the association dues cover, per the MLS. Confirm the full schedule with the HOA.
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 8 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 |
|---|---|---|---|---|---|
| 3802 SE 12th Avenue | Apr 2026 | $497,690 | 3/2 | 1,459 | $341 |
| 3813 SE 12th Place | Jul 2026 | $530,000 | 3/2 | 1,743 | $304 |
| 1301 SE 40th Terrace | Jan 2026 | $546,000 | 3/2 | 1,466 | $372 |
| 703 SE 33rd Terrace | Jul 2026 | $605,000 | 3/2 | 1,665 | $363 |
| 4212 SE 8th Place | Sep 2025 | $550,000 | 3/2 | 1,658 | $332 |
| 1112 SE 31st Street | Dec 2025 | $580,000 | 3/2 | 1,535 | $378 |
| Average | 6 comps | $551,448 | $348 |
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.
The good, the trade-offs & the location
- Built 2025 — post-2002 Florida wind codes (typically lower insurance)
- Lower flood risk (zone X)
- Waterfront
- Storm protection: Impact Windows/Doors
- Higher association fees (~$10,800/yr)
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.