$385,000
3 Bed Waterfront Home for Sale in Cape Coral
1111 SW 5th Terrace, Cape Coral, FL, 33991
About this home
Waterfront living awaits at 1111 SW 5th Terrace, Cape Coral! Offered at $385,000, this charming 3-bedroom, plus den, 2-bath home features an open-concept layout designed for comfortable everyday living and effortless entertaining. The spacious kitchen overlooks the main living area and includes a convenient breakfast bar—perfect for morning coffee, casual dining, or gathering with family and friends. Enjoy the beautiful wide canal, with views from the living spaces and step outside to the covered lanai, where you can relax and take in the peaceful waterfront setting. Built in 2021 and exceptionally maintained, this home offers the benefits of modern construction and presents in outstanding condition. The home already has a seawall built in. Whether you're looking for a full-time residence, seasonal retreat, or investment opportunity, this home offers the best of Southwest Florida living with serene water views and a welcoming atmosphere.
Property details
- Type
- SingleFamilyResidence
- Year built
- 2021
- Interior
- 1,603 sqft
- Lot size
- 10,672.2 sqft
- Acreage
- 0.24 acres
- Garage
- 2 car
- Days on market
- 13
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $5,390/yr
- Flood zone (area est.)
- No · Low risk (X)
- Storm protection
- None listed
- Exposure
- North
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Assessment Unpaid
- Sewer
- Assessment Paid
- 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 9 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 |
|---|---|---|---|---|---|
| 705 SW 10th Place | Jun 2026 | $425,000 | 3/2 | 1,616 | $263 |
| 1203 SW 11th Place | Mar 2026 | $375,000 | 3/2 | 1,767 | $212 |
| 916 SW 7th Avenue | Feb 2026 | $345,000 | 3/2 | 1,796 | $192 |
| 1114 SW 1st Street | Sep 2025 | $433,000 | 3/2 | 1,751 | $247 |
| 1048 SW 1st Street | Jan 2026 | $339,000 | 4/2 | 1,718 | $197 |
| 1700 SW 3rd Street | Mar 2026 | $335,000 | 3/2 | 1,671 | $200 |
| Average | 6 comps | $375,333 | $219 |
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 2021 — 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.