3 Bed Waterfront Home for Sale in Cape Coral
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For SaleMLS# 2026018656

$299,000

3 Bed Waterfront Home for Sale in Cape Coral

311 NE 31st Street, Cape Coral, FL, 33909

3 beds2 baths1,250 sqft2 garage
Gated55+BoatingWaterfront

About this home

Welcome to this well-located 3-bedroom, 2-bath residence offering approximately 1,250 sq ft of comfortable living space in the rapidly growing Northeast section of Cape Coral. this home places you at the center of one of the city’s most exciting future destinations, with plans for waterfront dining, marina access, retail, and entertainment. Whether you’re a first-time homebuyer, growing family, or looking to downsize, this property offers the perfect blend of a quiet residential setting and long-term upside. With continued expansion and development in the area, this is a prime opportunity to secure a home in a location that is growing daily. Tile throughout the entire home. stainless steel appliances, modern kitchen. This home has a beutiful canal with great views

Property details

Type
SingleFamilyResidence
Year built
2026
Interior
1,250 sqft
Lot size
10,018.8 sqft
Acreage
0.23 acres
Garage
2 car
Days on market
60
Total association fees
None
CDD
None
Est. taxes (1.4%)
$4,186/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
Well
Sewer
Septic Tank
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.

At marketThis home is priced in line with comparable recent sales.
This home
$239/sqft
Comp median
$225/sqft
Difference
+6%

Based on the $/sqft of 4 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.

AddressSoldSold priceBeds/BathsSq ft$/sqft
337 NE 30th StreetApr 2026$282,8053/21,240$228
2901 NE 2nd AvenueAug 2026$295,0003/21,328$222
2922 NE 1st AvenueJul 2026$299,9003/21,310$229
2921 NE 6th PlaceDec 2025$262,0003/21,286$204
Average4 comps$284,926$221

Market trends, Cape Coral

Median list
$399,000
Median $/sqft
$233
Median sold (90d)
$385,000
Avg days on market
94
Active listings
2,460
Median sold price · Cape Coral
$385,000last 3 months7.2% vs $359,000 prior 3 months
Median closed price by month · Cape Coral
2.6% MoM7% YoY
$340k$365k$390kJul ’25Aug ’26
$380,000Aug ’26 · 444 sales

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 $8,000 (2.6%) from the original list price.

Jun 24, 2026Price reducedfrom $306,000$299,000
May 7, 2026Back on market
Apr 22, 2026Listed$307,000

The good, the trade-offs & the location

Pros
  • Built 2026 — post-2002 Florida wind codes (typically lower insurance)
  • New construction
  • Lower flood risk (zone X)
  • Waterfront
  • Storm protection: Impact Windows/Doors
  • 2-car garage
Consider
  • 55+ age-restricted community
Location convenienceHigh
Hospital
5.5 mi
Cape Coral Hospital
Beach
17.8 mi
Fort Myers Beach
Airport
10.7 mi
Page Field (Fort Myers)
Shopping
4.4 mi
Coralwood / Merchants Crossing (Cape)

Straight-line distances to major SWFL amenities, approximate; actual drive times vary.

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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.