$349,900
3 Bed Waterfront Home for Sale in Cape Coral
923 NE 1st Avenue, Cape Coral, FL, 33909
About this home
New Construction Waterfront Living, No Flood Zone, City Utilities In. Welcome to this brand-new construction home on a freshwater canal, offering incredible value with a new seawall already in place, city water and sewer connected, and NOT located in a flood zone, providing significant savings and peace of mind. With over 1,500 square feet, this thoughtfully designed home features a bright and open layout with porcelain tile flooring throughout, creating a clean, modern feel. The kitchen showcases granite countertops and stainless steel appliances, seamlessly flowing into the main living area for easy everyday living and entertaining. Upgreated front door and epoxy garage flooring. This home is move-in ready with Certificate of Occupancy already in place and includes a 1-year builder warranty starting March 2025, making it a perfect option for a primary residence, seasonal home, or investment property with no repairs or updates needed. Situated on a peaceful freshwater canal, you can enjoy relaxing water views right from your backyard, with room to create your own outdoor oasis. Additional opportunity: There are three identical homes available within a 1-mile radius, all waterfront, offering a unique chance to purchase as a package, ideal for investors looking to expand their portfolio.
Property details
- Type
- SingleFamilyResidence
- Year built
- 2026
- Interior
- 1,505 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 2 car
- Days on market
- 71
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $4,899/yr
- Flood zone (area est.)
- No · Low risk (X)
- 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 Unpaid
- Sewer
- Assessment Unpaid
- New construction
- Yes
- 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 12 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 |
|---|---|---|---|---|---|
| 1008 NE Juanita Place | Aug 2026 | $347,990 | 3/2 | 1,550 | $225 |
| 922 santa barbara Boulevard | May 2026 | $399,900 | 4/2 | 1,600 | $250 |
| 220 NE 9th Street | Jun 2026 | $399,000 | 3/2 | 1,600 | $249 |
| 30 NE 12th Terrace | Apr 2026 | $348,990 | 3/2 | 1,550 | $225 |
| 707 NE Juanita Place | Dec 2025 | $378,000 | 3/2 | 1,543 | $245 |
| 18 Tropicana Parkway | Aug 2026 | $320,000 | 3/2 | 1,457 | $220 |
| Average | 6 comps | $365,647 | $236 |
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 $49,100 (12.3%) from the original list price.
| Jun 17, 2026 | Price reducedfrom $359,000 | $349,900 |
| Apr 7, 2026 | Listed | $399,000 |
The good, the trade-offs & the location
- Built 2026 — post-2002 Florida wind codes (typically lower insurance)
- New construction
- Lower flood risk (zone X)
- Waterfront
- 2-car garage
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.