$515,000
3 Bed Waterfront Home for Sale in Cape Coral
3424 NE 21st Place, Cape Coral, FL, 33909
About this home
Excellent investment opportunity in the growing area of Cape Coral! This 3-bedroom, 2-bath home is already tenant occupied with a 12-month lease in place generating $2,000 monthly income from day one, making it a perfect turnkey investment property. The home features a freshwater canal frontage with seawall already in place, offering added value, privacy, and the enjoyable Cape Coral waterfront lifestyle. Located in a highly desirable and fast-developing area surrounded by new construction homes, this property is conveniently close to supermarkets, restaurants, shopping centers, schools, parks, and main roads with easy access throughout the city. Cape Coral continues to attract both residents and investors due to its strong rental demand, expanding infrastructure, and waterfront lifestyle. Whether you are looking to expand your rental portfolio or secure a property with immediate cash flow, this is an outstanding opportunity. Income-producing properties in this price range and location are becoming increasingly difficult to find.
Property details
- Type
- SingleFamilyResidence
- Year built
- 2025
- Interior
- 1,642 sqft
- Lot size
- 10,628.64 sqft
- Acreage
- 0.24 acres
- Garage
- 2 car
- Days on market
- 0
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $7,210/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
Maintenance included in the fee
What the association dues cover, per the MLS. Confirm the full schedule with the HOA.
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 13 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 |
|---|---|---|---|---|---|
| 2019 NE 34th Terrace | Jan 2026 | $455,000 | 4/3 | 1,736 | $262 |
| 3539 NE 14th Place | Aug 2026 | $425,000 | 4/3 | 1,736 | $245 |
| 4213 NE 23rd Place | Aug 2026 | $420,000 | 3/2 | 1,534 | $274 |
| 3227 NE 13th Place | Aug 2026 | $396,900 | 3/3 | 1,676 | $237 |
| 16831 Elkhorn Coral Drive | Oct 2025 | $389,000 | 3/2 | 1,816 | $214 |
| 4224 NE 18th Avenue | Oct 2025 | $429,000 | 3/2 | 1,617 | $265 |
| Average | 6 comps | $419,150 | $250 |
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.
The good, the trade-offs & the location
- Built 2025 — post-2002 Florida wind codes (typically lower insurance)
- New construction
- Lower flood risk (zone X)
- Waterfront
- Storm protection: Impact Windows/Doors
- 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.