$225,000
3 Bed Waterfront Home for Sale in Cape Coral
1427 SW 47th Terrace 202, Cape Coral, FL, 33914
About this home
3 bedroom 2 bath Gulf access condo in SW Cape Coral is now available for rent. Great water views from the second floor balcony, bright and open with high ceilings, new flooring throughout, a great room concept, extra storage, eat in kitchen, impact windows, and covered parking. This community has a heated pool and boat docks with quick river access, one bridge only. Ideal location close to many restaurants and shopping.
Property details
- Type
- Condominium
- Year built
- 1990
- Interior
- 1,283 sqft
- Lot size
- Not specified
- Acreage
- Not specified
- Garage
- None
- Days on market
- 153
- Total association fees
- $8,400/yr (~$700/mo)
- CDD
- None
- Est. taxes (1.4%)
- $3,150/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- North
- Waterfront
- Yes
- Gulf access
- Yes
- Gulf access type
- Direct — Gulf frontage
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Public
- Sewer
- Public Sewer
- New construction
- No
- Pets
- Call, Conditional
- 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 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 |
|---|---|---|---|---|---|
| 1427 SW 47th Terrace 102 | Apr 2026 | $230,000 | 3/2 | 1,283 | $179 |
| 4608 SW 13th Avenue | Jun 2026 | $255,000 | 3/2 | 1,262 | $202 |
| 1118 SW 48th Terrace 104 | Feb 2026 | $220,000 | 2/2 | 1,200 | $183 |
| Average | 3 comps | $235,000 | $188 |
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 $5,000 (2.2%) from the original list price.
| Mar 2, 2026 | Price reducedfrom $230,000 | $225,000 |
| Feb 5, 2026 | Listed | $230,000 |
The good, the trade-offs & the location
- Gulf access (Direct — Gulf frontage)
- Built 1990 — pre-2002 construction may carry older wind codes and higher insurance
- In a higher-risk flood zone (AE) — flood insurance likely required
- No garage listed
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.