$359,800
3 Bed Waterfront Home for Sale in Cape Coral
2005 SW 2nd Terrace, Cape Coral, FL, 33991
About this home
Discover luxury waterfront living in SW Cape Coral with this 2023 constructed single-family home offering 1,655 square feet of modern design and quality finishes. This 3-bedroom, 2-bathroom home features 9.4-foot ceilings, porcelain tile throughout, and an open-concept layout. The kitchen includes granite countertops, stainless steel appliances, and ample cabinet space. Additional features include a separate laundry room, a two-car garage, and a covered lanai overlooking the lake, perfect for relaxing outdoors. Conveniently located near dining, schools, shopping, and parks, this home offers both comfort and style in a desirable SW Cape Coral neighborhood. Note: This home is currently tenant-occupied. Showings are by appointment only with advance notice required.
Property details
- Type
- SingleFamilyResidence
- Year built
- 2023
- Interior
- 1,656 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 2 car
- Days on market
- 93
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $5,037/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- Impact Windows/Doors
- Exposure
- South
- 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
- No
- Pets
- Call, Conditional
- 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 5 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 |
|---|---|---|---|---|---|
| 29 SW 21st Place | Feb 2026 | $410,000 | 4/2 | 1,614 | $254 |
| 16 SW 22nd Avenue | Mar 2026 | $400,000 | 4/2 | 1,800 | $222 |
| 1720 SW 3rd Street | Jun 2026 | $400,000 | 3/3 | 1,714 | $233 |
| 2024 NW 1st Street | Jun 2026 | $349,500 | 4/3 | 1,818 | $192 |
| 1700 SW 3rd Street | Mar 2026 | $335,000 | 3/2 | 1,671 | $200 |
| Average | 5 comps | $378,900 | $220 |
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 $20,100 (5.3%) from the original list price.
| Aug 14, 2026 | Price reducedfrom $359,900 | $359,800 |
| May 13, 2026 | Listed | $379,900 |
The good, the trade-offs & the location
- Built 2023 — post-2002 Florida wind codes (typically lower insurance)
- Waterfront
- Storm protection: Impact Windows/Doors
- 2-car garage
- In a higher-risk flood zone (AE) — flood insurance likely required
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.