$282,250
3 Bed 2 Bath Waterfront SingleFamilyResidence for Sale in NOT APPLICABLE, FL
1403 SW 1st Terrace, Cape Coral, FL, 33991
About this home
Beautiful waterfront home on an oversized lot with intersecting canal views and access to lakes and basin areas. Kayak from your own backyard! This well-maintained home sits on a fresh water canal with a seawall and concrete dock—NO flood insurance required—and offers city water and sewer with assessments paid. Inside, the open great room layout is light and bright, featuring high ceilings, abundant natural light, and tile flooring throughout. The spacious kitchen provides ample cabinetry and a stylish butcher block island, ideal for both everyday living and entertaining. The split-bedroom floor plan offers added privacy for the primary suite. Relax on the screened-in lanai while enjoying peaceful water views, or take advantage of the oversized backyard with plenty of room to add a pool and create your ideal outdoor oasis. Conveniently located near the growing Pine Island Corridor with easy access to shopping, dining, and major routes. Whether you’re seeking a full-time residence or a seasonal retreat, this waterfront home truly checks all the boxes.
Property details
- Type
- SingleFamilyResidence
- Year built
- 1994
- Interior
- 1,502 sqft
- Lot size
- 10,802.88 sqft
- Acreage
- 0.25 acres
- Garage
- 2 car
- Days on market
- 5
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $3,952/yr
- Flood zone (area est.)
- No · Low risk (X)
- Storm protection
- Impact Windows/Doors
- Exposure
- North
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- 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 |
|---|---|---|---|---|---|
| 224 SW 14th Avenue | Jul 2026 | $290,000 | 3/2 | 1,400 | $207 |
| 1133 SW 2nd Street | Dec 2025 | $309,000 | 3/2 | 1,448 | $213 |
| 1016 SW Embers Terrace | Apr 2026 | $311,000 | 3/2 | 1,418 | $219 |
| Average | 3 comps | $303,333 | $213 |
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
Up $9,750 (3.5%) from the original list price.
| Mar 9, 2026 | Sold | $292,000 |
| Feb 2, 2026 | Listed | $282,250 |
The good, the trade-offs & the location
- Lower flood risk (zone X)
- Waterfront
- Storm protection: Impact Windows/Doors
- 2-car garage
- Built 1994 — pre-2002 construction may carry older wind codes and higher insurance
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.